$265,357
SOLD JUN 29, 2026

550 1st St Unit U214 Cedar Key, FL 32625

Cedar Key Area
2 Beds
2 Baths
960 Sq Ft
1982 Built

Sale Details

Date Sold: June 29, 2026

$276 Per Sq Ft

0 Day on Market

Highlights

  • Property fronts gulf or ocean
  • Deck
  • Furnished
  • In Ground Pool
  • Cathedral Ceiling
  • 4-minute walk to Lil Shark Park

About This Home

As of June 2026

Highest producing unit in the complex, beautifully renovated and opening soon for rentals! No restrictions on owner use, saltwater pool with fabulous open Gulf views, and onsite management. Recently elevated to base flood elevation, this condo is the perfect place to call your own with none of the hassles of home ownership. Recent upgrades include hardiboard siding, quality windows, quartz counters with custom cabinetry, vinyl plank flooring, and decor. An oversized covered deck provides fantastic views of the pool area currently being refinished as well as views over the public fishing pier and Dock St. Walk to everything downtown. Dedicated parking space comes with this unit. Come stay as long as you like and collect the income from guests when you are gone!

Last Agent to Sell the Property

Caryn Stephenson

Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3232198 Listed on: 06/19/2026

Co-Listed By

Melinda Allen

Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3464870

Last Buyer's Agent

Melinda Allen

Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3464870

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 1982

HOA Fees

  • $603 Monthly HOA Fees

Home Design

  • Raised Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Sliding Doors
  • Luxury Vinyl Plank Tile Flooring
  • Gulf Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Single Vanity
  • Walk-in Shower

Parking

  • Paved Parking
  • Open Parking

Pool

  • In Ground Pool
  • Saltwater Pool

Utilities

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

Additional Features

  • Deck
  • Property fronts gulf or ocean
  • In Flood Plain

Listing and Financial Details

  • Assessor Parcel Number 1768100000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,758

Year Built

Built in 1982

Lot Details

0 Sq Ft Lot

HOA Fees

$603 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street, Maintained
  • Water Body Name: Gulf of Mexico
  • Co List Office Phone: 352-543-5581
  • Inclusions: Furnishings And Decor.
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: State Rd 24 to stop sign. Go straight to next stop sign. Turn Left. Island Place condos are immediately on Right. Unit 214 is in the center building on right side, first floor.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 1982
  • Attribution Contact: 3525435581, carynd@gmail.com
  • NAV10_StudioYN: No
  • Special Features: 12

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Microwave Hood, Electric Range, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Planking
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Kitchen Island, Quartz Counter
  • Living Area: 960
  • Window Features: Double Pane Windows, Blinds
  • Master Bedroom Features: 1 Master Suite
  • Master Bathroom Features: Vanity, Walk-in Shower

Exterior Features

  • Fencing: None
  • Lot Features: Other, Flood Plain
  • Pool Features: Community, In Ground, Salt Water
  • Topography: Level
  • View: Gulf View
  • View: Yes
  • Waterfront Features: None, Gulf Front, Gulf of Mexico
  • Waterfront: Yes
  • Disclosures: HOA Disclosure
  • Construction Type: Frame, HardiPlank Type
  • Foundation Details: Raised
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Assigned, Asphalt

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop, Electricity Connected
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Metered, Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1808
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1768100000

Tax Info

  • Tax Annual Amount: 4757.79
  • Tax Year: 2025

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Outstanding Balance
$269,721
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$63,923

Purchase Details

Closed on
Nov 24, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cedar Key, FL

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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 $365,000 Levy Abstract & Title
Warranty Deed $160,000 Levy Abstract & Title Compan
Warranty Deed -- --
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
Open $292,000 New Conventional
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
06/29/2026 06/29/26 Sold $265,357 -- $276 / Sq Ft
06/19/2026 06/19/26 Pending -- -- --
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

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 $4,956 $225,000 $1 $224,999
2024 $6,187 $300,000 $1 $299,999
2023 $6,483 $300,000 $1 $299,999
2022 $4,457 $270,000 $1 $269,999
2021 $3,924 $203,999 $1 $203,998
2020 $3,451 $159,999 $0 $0
2019 $3,164 $144,999 $0 $0
2018 $2,543 $108,799 $0 $0
2017 $2,566 $108,799 $0 $0
2016 $3,064 $127,999 $0 $0
2015 $3,011 $127,999 $0 $0
2014 -- $127,999 $0 $0
Source: Public Records

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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 799506

APN: 17681-000-00

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