NOT LISTED FOR SALE

581 1st St Cedar Key, FL 32625

2 Beds
2 Baths
1,296 Sq Ft
2,614 Sq Ft Lot

Last Sold November 21, 2023

Last sale price $499,900 $386 Per Sq Ft

18 Days on Market

Highlights

  • Open Floorplan
  • Cathedral Ceiling
  • Balcony
  • Key West Architecture
  • Main Floor Primary Bedroom
  • 5-minute walk to Lil Shark Park

About This Home

As of November 2023

Great income producing property. Rare opportunity to own downtown in Cedar Key. Two apartments in an elevated building not affected by storm surge. One bedroom apartment upstairs, with full kitchen. Efficiency apartment below with walk in shower. Both have views of the Gulf and downtown area. House offers opportunity for rental income while you live upstairs or rent out both. Great rental history, convenient location close to everything.

Last Agent to Sell the Property

Lori Schleede

Pelican Realty Brokerage Email: 3525435581, carynd@gmail.com License #SL3107901 Listed on: 10/06/2023

Last Buyer's Agent

Doris Hellerman

Cedar Key Realty, Inc. License #BK233842

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,012

Year Built

  • Built in 2002

Lot Details

  • 2,614 Sq Ft Lot
  • Interior Lot
  • Rectangular Lot
  • Level Lot

Home Design

  • Key West Architecture
  • Raised Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 1,296 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Bar Fridge
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Tuck Under Parking
  • Side or Rear Entrance to Parking
  • Brick Driveway
  • Shared Driveway
  • Dirt Driveway
  • Paved Parking
  • Open Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Porch

Additional Homes

  • Separate Entry Quarters

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Electric Water Heater
  • Internet Available

Community Details

  • Cedar Key Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0851400400

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,012

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.06
  • Road Frontage Type: City Street
  • Subdivision Name: Cedar Key
  • Directions: SR 24 into Cedar Key to 1st Street. Left on 1st Street, house is 3rd on left #581.
  • Architectural Style: Key West
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 2002
  • Attribution Contact: 3525435581, carynd@gmail.com
  • NAV10_StudioYN: No
  • Special Features: None

Interior Features

  • Appliances: Bar Fridge, Dishwasher, Disposal, Microwave, Microwave Hood, Electric Range, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Cathedral Ceiling(s), Breakfast Bar, Ceiling Fan(s), Kitchen Island, Open Floorplan, Wired for Data
  • Living Area: 1296
  • Window Features: Single Hung Windows, Blinds
  • Master Bedroom Master Bedroom Level: Main
  • Master Bathroom Features: Combo Tub & Shower, Walk-in Shower

Exterior Features

  • Fencing: None
  • Lot Features: Interior Lot, Rectangular Lot
  • Topography: Level
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Balcony, Lighting
  • Foundation Details: Raised
  • Other Structures: Separate Entrance Apt
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Side/Rear Entry, Under House, Brick, Concrete, Dirt, Shared Driveway

Utilities

  • Laundry Features: Laundry Closet, Laundry Room
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Multiple Units
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop, Electricity Connected
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: City/County, Internet
  • Water Source: Public

Schools

  • Junior High Dist: Levy

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 0851400400
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 6012.3
  • Tax Year: 2022
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Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2023 11/21/23 Sold $499,900 0.0% $386 / Sq Ft
11/05/2023 11/05/23 Off Market $499,900 -- --
10/06/2023 10/06/23 For Sale $499,900 -- $386 / 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
2025 $8,516 $375,167 $50,000 $325,167
2024 $8,516 $394,847 $50,000 $344,847
2023 $7,161 $290,277 $0 $0
2022 $6,206 $298,439 $50,000 $248,439
2021 $5,357 $240,904 $50,000 $190,904
2020 $4,915 $218,089 $0 $0
2019 $4,836 $223,330 $0 $0
2018 $5,095 $223,330 $0 $0
2017 $4,672 $217,045 $0 $0
2016 $4,217 $178,580 $0 $0
2015 -- $175,046 $0 $0
2014 -- $163,897 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 789321

APN: 32-15-13-08514-004-00