573 1st St Cedar Key, FL 32625
Cedar Key AreaEstimated payment $3,415/month
Total Views
28,815
2
Beds
3
Baths
1,296
Sq Ft
$385
Price per Sq Ft
Highlights
- Gulf View
- Open Floorplan
- Wood Flooring
- Two Primary Bedrooms
- Cathedral Ceiling
- 5-minute walk to Lil Shark Park
About This Home
Nestled in the heart of downtown Cedar Key, this stunning townhome offers the perfect blend of coastal charm and modern convenience. Whether you are looking for a lucrative income-producing rental or a peaceful year-round sanctuary, this property delivers the ultimate Gulf Coast lifestyle. The unique layout begins on the first level, which houses two generous master bedrooms, each with its own private bath. This floor is designed for ease and organization, featuring a convenient laundry closet and extensive storage with great closet space in both the hallway and bedrooms. One of the master suites opens directly onto a private porch, perfect for a quiet morning breath of salt air. Head up the interior stairs or use the separate exterior entrance to reach the expansive second level. This bright, open living space is designed for unforgettable evenings with family, featuring rich hardwood floors, a dedicated dining area, and a large kitchen with stainless steel appliances and floor to ceiling pantry cabinets. Another full bath on this level adds convenience for guests. The living room flows seamlessly onto a spacious balcony porch, the perfect spot for coffee or sun down cocktails overlooking the downtown vibe. For the outdoor enthusiast, the oversized parking area beneath the home is a rare find, providing ample space for large boats. You'll be just steps away from world-class fishing and relaxing boat runs on the Gulf. The best of Cedar Key is right at your doorstep: take a stroll or hop on a golf cart to explore local restaurants, charming shops, the library, the museum, and the nearby small beach. The county fishing pier is just steps away to throw your line for today's catch. If you crave nature, the Cedar Key National Wildlife Refuge is just 20 minutes away, offering incredible hiking and wildlife viewing in your own backyard. This exceptional property features two master suites with private baths, a convenient upstairs full bath, and beautiful hardwood floors throughout. The spacious upstairs living area and large kitchen are perfect for family gatherings, while the dual balconies offer peaceful spots for morning coffee or evening drinks. With its prime downtown location, flexible interior and exterior stair access, and expansive under-home parking for large boats, this home is a rare find—whether you choose to live here year-round or utilize it as a premier income-producing property. Come home to Key Lime Cottage and find yourself in the heart of our island community!
Listing Agent
Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3232198 Listed on: 04/30/2026
Co-Listing Agent
Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #3464870
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,352
Year Built
- Built in 2002
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 25 x 100
- Landscaped
- Rectangular Lot
- Level Lot
- Grass Covered Lot
Home Design
- Raised Foundation
- Frame Construction
- Metal Roof
- HardiePlank Type
Interior Spaces
- 1,296 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Blinds
- Double Hung Windows
- French Doors
- Gulf Views
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Double Master Bedroom
- Walk-In Closet
- 3 Full Bathrooms
- Single Vanity
- Bathtub and Shower Combination in Primary Bathroom
Laundry
- Laundry closet
- Electric Dryer
- Front Loading Washer
Parking
- Tuck Under Parking
- Driveway
- Paved Parking
- Open Parking
Outdoor Features
- Balcony
- Exterior Lighting
- Porch
Utilities
- Cooling Available
- Heating Available
- Electric Water Heater
- Internet Available
- Cable TV Available
Community Details
- Cedar Key Subdivision
Listing and Financial Details
- Assessor Parcel Number 0851400300
Map
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Home Values in the Area
Average Home Value in this Area
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 | $8,605 | $379,309 | $50,000 | $329,309 |
| 2024 | $8,605 | $399,249 | $50,000 | $349,249 |
| 2023 | $8,739 | $388,458 | $50,000 | $338,458 |
| 2022 | $4,448 | $231,737 | $0 | $0 |
| 2021 | $4,123 | $224,987 | $0 | $0 |
| 2020 | $4,081 | $221,881 | $0 | $0 |
| 2019 | $4,226 | $227,244 | $0 | $0 |
| 2018 | $4,342 | $227,244 | $0 | $0 |
| 2017 | $5,043 | $218,993 | $0 | $0 |
| 2016 | $4,187 | $177,233 | $0 | $0 |
| 2015 | $4,035 | $173,744 | $0 | $0 |
| 2014 | $3,819 | $162,621 | $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 |
|---|---|---|---|---|---|
| 04/30/2026 04/30/26 | For Sale | $499,000 | -0.1% | $385 / Sq Ft | |
| 05/14/2023 05/14/23 | Off Market | $499,500 | -- | -- | |
| 04/26/2023 04/26/23 | Sold | $487,500 | -2.4% | $376 / Sq Ft | View Prior Sale |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- | |
| 03/10/2023 03/10/23 | Price Changed | $499,500 | -5.6% | $385 / Sq Ft | |
| 02/17/2023 02/17/23 | Price Changed | $529,000 | -1.9% | $408 / Sq Ft | |
| 11/02/2022 11/02/22 | For Sale | $539,000 | +20.0% | $416 / Sq Ft | |
| 04/25/2022 04/25/22 | Sold | $449,000 | 0.0% | $346 / Sq Ft | View Prior Sale |
| 03/26/2022 03/26/22 | Pending | -- | -- | -- | |
| 03/04/2022 03/04/22 | For Sale | $449,000 | +58.7% | $346 / Sq Ft | |
| 07/15/2016 07/15/16 | Sold | $283,000 | -18.0% | $218 / Sq Ft | View Prior Sale |
| 06/15/2016 06/15/16 | Pending | -- | -- | -- | |
| 08/03/2015 08/03/15 | For Sale | $345,000 | -- | $266 / Sq Ft |
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 | $487,500 | None Listed On Document | |
| Warranty Deed | -- | Norm D Fugate Pa | |
| Warranty Deed | $449,000 | Norm D Fugate Pa | |
| Warranty Deed | $283,000 | Attorney | |
| Deed | $283,000 | -- | |
| Warranty Deed | $230,000 | Levy Abstract & Title Co |
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 | $389,732 | New Conventional | |
| Previous Owner | $184,000 | No Value Available |
Source: Public Records
About the Listing Agent
Caryn Stephenson is an active Real Estate Agent in Cedar Key, FL with the brokerage Sandspit Co Inc Dba Pelican Realty. I am a 25 year resident of Cedar Key, raising my family here and loving island life! I am invested in our town with a historic preservation project on 2nd Street, which is our Main Street. I love Cedar Key and want to share it with you!
Caryn's Other Listings
Source: Dixie Gilchrist Levy Counties Board of REALTORS®
MLS Number: 799129
APN: 32-15-13-08514-003-00
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