557 1st St Cedar Key, FL 32625
Estimated payment $3,402/month
Highlights
- Two Primary Bedrooms
- Cathedral Ceiling
- Porch
- Open Floorplan
- Furnished
- 4-minute walk to Lil Shark Park
About This Home
Downtown Cedar Key Gem with Exceptional Income Potential This unique downtown Cedar Key property offers unmatched flexibility with two completely separate living spaces, each featuring its own private entrance, full kitchen, and master suite—one on each floor. Ideal for vacation rentals, multi-generational living, or owner-occupy with income, this home adapts effortlessly to your lifestyle or investment goals. Offered fully furnished and move-in ready, the property is thoughtfully designed for comfort and convenience, allowing you to start enjoying or renting immediately. Whether used as a full-time residence, seasonal getaway, or high-demand rental, the layout provides privacy for guests while maximizing rental potential. Located in the heart of downtown Cedar Key, you're just steps from restaurants, shops, galleries, and the waterfront—everything that makes island living so desirable. A rare opportunity to own a versatile, turnkey property in one of Florida's most charming coastal communities.
Listing Agent
Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #SL3430097 Listed on: 12/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,865
Year Built
- Built in 2000
Lot Details
- 2,614 Sq Ft Lot
- Landscaped
- Rectangular Lot
- Level Lot
Home Design
- Raised Foundation
- Frame Construction
- Metal Roof
- HardiePlank Type
Interior Spaces
- 1,296 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Double Pane Windows
- Blinds
- French Doors
Kitchen
- Electric Cooktop
- Microwave
- Laminate Countertops
Flooring
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Master Bedroom
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry closet
- Stacked Washer and Dryer
Parking
- Tuck Under Parking
- Driveway
- Paved Parking
- Open Parking
Outdoor Features
- Exterior Lighting
- Porch
Location
- In Flood Plain
Utilities
- Cooling Available
- Heating Available
- No Utilities
- Electric Water Heater
Community Details
- Cedar Key Subdivision
Listing and Financial Details
- Assessor Parcel Number 0851400000
Map
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 |
|---|---|---|---|---|
| 2025 | -- | $374,466 | $50,000 | $324,466 |
| 2024 | -- | $394,055 | $50,000 | $344,055 |
| 2023 | $7,101 | $287,868 | $0 | $0 |
| 2022 | $6,157 | $295,575 | $50,000 | $245,575 |
| 2021 | $5,315 | $238,890 | $50,000 | $188,890 |
| 2020 | $4,877 | $216,279 | $0 | $0 |
| 2019 | $4,795 | $221,443 | $0 | $0 |
| 2018 | $5,063 | $221,443 | $0 | $0 |
| 2017 | $4,644 | $215,548 | $0 | $0 |
| 2016 | $4,195 | $177,582 | $0 | $0 |
| 2015 | -- | $174,141 | $0 | $0 |
| 2014 | $3,803 | $161,924 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2025 12/23/25 | For Sale | $529,000 | -- | $408 / Sq Ft |
Source: Dixie Gilchrist Levy Counties Board of REALTORS®
MLS Number: 796258
APN: 32-15-13-08514-001-00
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