$345,000

550 1st St Unit U207 Cedar Key, FL 32625

Cedar Key Area

Estimated payment $2,773/month

Total Views 2,170
1 Bed
1 Bath
560 Sq Ft
$616 Price per Sq Ft

Highlights

  • Property fronts gulf or ocean
  • Furnished
  • Community Pool
  • Cathedral Ceiling
  • Corian Countertops
  • 4-minute walk to Lil Shark Park

About This Home

Welcome to your perfect Island escape in the heart of Cedar Key! This charming 1 bedroom, 1 bath Gulf Front, condo offers the ideal blend of coastal living and investment opportunity. Wake up each morning to breathtaking Gulf views right from your private porch - perfect for enjoying your coffee while watching the sunrise or unwinding with stunning evening skies. Sold furnished and move-in ready, this fully renovated and updated, condo is designed for immediate enjoyment-whether you're looking for a full-time residence, or a turnkey income producing rental. The open and inviting layout maximizes comfort and functionality, while coastal-inspired furnishings create a warm, welcoming atmosphere. Located in a very desirable community, residence will soon enjoy an upgraded pool area, currently undergoing refurbishments. Once complete this will be a real draw for renters. Within walking distance to all the Islands quaint shops, restaurants, bars, and water front charm, this property offers the laid back island lifestyle you've been dreaming of!

Listing Agent

Angie Beckham

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #SL3430097 Listed on: 07/17/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,335

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Landscaped

HOA Fees

  • $602 Monthly HOA Fees

Parking

  • Open Parking

Home Design

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

Interior Spaces

  • 560 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Corian Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry closet
  • Electric Dryer
  • Front Loading Washer

Home Security

Utilities

  • Cooling Available
  • Heating Available
  • No Utilities
  • Electric Water Heater

Additional Features

  • Porch
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number 1767400000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,335

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

HOA Fees

$602 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Inclusions: Sold Fully Furnished As Shown
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: SR24 to 1st St. Turn Left on 1st St. Go 1/4 block and The Island Place Condominiums are located on the right. No CEDAR KEY REALTY sign due to community restrictions
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 1982
  • Attribution Contact: 3525439899
  • NAV10_StudioYN: No
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Electric Cooktop, Dishwasher, Dryer - Electric, Microwave, Washer - Front Load, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Planking
  • Interior Amenities: High Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Corian Counter
  • Living Area: 560
  • Window Features: Double Pane Windows, Storm Window(s), Blinds, Window Treatments
  • Master Bedroom Features: 1 Master Suite
  • Master Bathroom Features: Combo Tub & Shower

Exterior Features

  • Fencing: None
  • Lot Features: Other, Partially Landscaped, Flood Plain
  • Topography: Level
  • Waterfront Features: Beach Access, Beach Front, Gulf Front
  • Waterfront: Yes
  • Disclosures: Seller Property Disclosure
  • Home Warranty: No
  • Construction Type: Frame, HardiPlank Type
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Open

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: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1806
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1767400000

Tax Info

  • Tax Annual Amount: 3335.15
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,199 $159,375 $1 $159,374
2024 $4,199 $212,500 $1 $212,499
2023 $4,114 $179,079 $0 $0
2022 $3,572 $170,000 $1 $169,999
2021 $3,289 $147,999 $1 $147,998
2020 $2,930 $136,999 $0 $0
2019 $2,681 $123,999 $0 $0
2018 $2,035 $86,000 $0 $0
2017 $2,053 $86,000 $0 $0
2016 $2,592 $107,500 $0 $0
2015 $2,328 $97,499 $0 $0
2014 $2,121 $87,499 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2026 07/17/26 For Sale $345,000 +97.1% $616 / Sq Ft
08/14/2020 08/14/20 Sold $175,000 -11.6% $313 / Sq Ft View Prior Sale
07/15/2020 07/15/20 Pending -- -- --
06/06/2019 06/06/19 For Sale $198,000 +66.4% $354 / Sq Ft
05/23/2014 05/23/14 Sold $119,000 -- $177 / Sq Ft View Prior Sale
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $175,000 Fugate Norm D
Warranty Deed $175,000 Attorney
Warranty Deed $119,000 Attorney
Warranty Deed $178,000 Levy Abstract & Title Compan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $140,000 New Conventional
Previous Owner $142,000 No Value Available
Source: Public Records

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 799586

APN: 17674-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U207, Cedar Key, FL

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Listing Agent
Angie Beckham
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Cedar Key Realty, Inc.
(352) 352-8614
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