NOT LISTED FOR SALE

550 1st St Unit U104 Cedar Key, FL 32625

Estimated Value: $124,000 - $256,000

1 Bed
1 Bath
560 Sq Ft
$470/mo HOA Fee

Last Sold August 09, 2019

Last sale price $135,000 $241 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,881/month

154 Days on Market

Highlights

  • Gulf View
  • Key West Architecture
  • Furnished
  • Open Floorplan
  • Corner Lot
  • 4-minute walk to Lil Shark Park

About This Home

As of August 2019

Here's a sweet condo in Cedar Key, Florida! This one-bedroom condo is the perfect spot to relax in the Florida sun and breathe in the salt air. Enjoy the open floor plan which opens to a Gulf view porch. Put your feet up and sip a cool drink while you watch life on the Gulf coast around you. Right at the edge of Dock Street, The Island Place is central to all of the island's fun! You'll be just steps away from all of the restaurants, shops, bars, coffee shop, pier, library, art center and City Park's playground and beach. You'll love the improvements at the complex--new pool, boardwalks, and siding, windows and decking. Put the unit in the onsite rental program while you're away, and enjoy extra income, too! POSSIBLE OWNER FINANCING!

Last Agent to Sell the Property

Vanessa Edmunds

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK3263028 Listed on: 02/05/2019

Last Buyer's Agent

Doris Hellerman

Cedar Key Realty, Inc. License #BK233842

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 1982

Lot Details

  • Landscaped
  • Oversized Lot
  • Level Lot

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 560 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Double Pane Windows
  • Sliding Doors
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Electric Washer and Dryer

Parking

  • Paved Parking
  • Open Parking
  • Off-Street Parking

Pool

  • Fence Around Pool
  • Saltwater Pool

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1765800000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Recreation

  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,634

Year Built

Built in 1982

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Body Name: Gulf of Mexico
  • Inclusions: Most Furnishings Are Included, However There Are Several Pieces Of Artwork, A Clock, A Lamp And Table, And A Mermaid Shelf Which Are Not Included.
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From SR 24 and 2nd Street in Cedar Key, turn left on 2nd Street and go down one block. Turn right on C Street and go one block. At the intersection, The Island Place will be on the right. There will be no CEDAR KEY REALTY, INC. sign due to condo regulations.
  • Architectural Style: Key West
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 1982
  • Attribution Contact: 3525439899
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Washer, Microwave Hood, Refrigerator, Washer/Dryer Stacked, Electric Range, Dryer - Electric, Garbage Disposal, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Laminate Counters, Open Floorplan, Ceiling Fan(s), Breakfast Bar
  • Living Area: 560
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Corner Lot, Other, Oversize, Landscaped
  • Pool Features: Salt Water, Fenced
  • Topography: Level
  • View: Gulf View
  • View: Yes
  • Waterfront Features: Gulf Access
  • Waterfront: No
  • Disclosures: Seller Property Disclosure
  • Home Warranty: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Outdoor Grill, Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch, Patio
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Off Street, Other, Asphalt

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 470
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1765800000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1633.89
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2025
Sold by
Kro Properties Inc
Bought by
Timothy E Schultz Trust and Schultz
Current Estimated Value
$208,254

Purchase Details

Listed on
Feb 5, 2019
Closed on
Aug 9, 2019
Sold by
Willits Kenneth E and Willits Marilyn
Bought by
Colen Kenneth L and Colen Lisa Price
Seller's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
Buyer's Agent
Doris Hellerman
Cedar Key Realty, Inc.
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$114,750
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 11, 2014
Closed on
May 11, 2015
Sold by
Redfish Holdings Llc
Bought by
Willits Kenneth E and Willits Marilyn
List Price
$124,000
Sold Price
$115,000
Premium/Discount to List
-$9,000
-7.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%

Purchase Details

Closed on
Dec 28, 2004
Sold by
Pattillo Frank L
Bought by
Redfish Holdings Llc

Purchase Details

Closed on
Aug 25, 2004
Sold by
Diggle Realty Inc
Bought by
Pattillo Frank L

Purchase Details

Closed on
Apr 14, 2003
Sold by
Diggle Martha R
Bought by
Diggle Realty Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Timothy E Schultz Trust $120,000 Action Title
Timothy E Schultz Trust $120,000 Action Title
Colen Kenneth L $135,000 None Available
Willits Kenneth E $115,000 None Available
Redfish Holdings Llc -- Levy Abstract & Title Co
Pattillo Frank L $190,000 Levy Abstract & Title Co
Diggle Realty Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colen Kenneth L $114,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2019 08/09/19 Sold $135,000 -2.9% $241 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $139,000 +20.9% $248 / Sq Ft
05/11/2015 05/11/15 Sold $115,000 -7.3% $205 / Sq Ft View Prior Sale
04/11/2015 04/11/15 Pending -- -- --
11/11/2014 11/11/14 For Sale $124,000 -- $221 / Sq Ft
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,629 $212,500 $1 $212,499
2023 $3,565 $143,989 $0 $0
2022 $3,085 $170,000 $1 $169,999
2021 $2,674 $118,999 $1 $118,998
2020 $2,497 $109,999 $0 $0
2019 $2,030 $91,999 $0 $0
2018 $1,634 $68,000 $0 $0
2017 $1,648 $68,000 $0 $0
2016 $1,969 $79,999 $0 $0
2015 $1,936 $79,999 $0 $0
2014 -- $79,999 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vanessa Edmunds

    Seller's Agent in 2019

    Vanessa Edmunds

    Cedar Key Realty, Inc.

    (352) 210-1155

    155 Total Sales

    Vanessa Edmunds
    Section Image

  • D

    Buyer's Agent in 2019

    Doris Hellerman

    Cedar Key Realty, Inc.

    (352) 210-1155

    83 Total Sales

    Doris Hellerman
    Section Image
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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 777223

APN: 17658-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U104, Cedar Key, FL

This home is located at 550 1st St Unit U104, Cedar Key, FL 32625 since 05 February 2019 and is currently estimated at $208,254, approximately $371 per square foot. This property was built in 1982. 550 1st St Unit U104 is a home located in Levy County with nearby schools including Cedar Key High School.

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