Wow!! Looking for a terrific vacation rental investment? This two-unit home in downtown historic Cedar Key, Florida, is for you! With a bedroom, bath and kitchenette on each floor, you can rent this property as one unit for four people, or as two double units, separately. This home is elevated for flood safety--but wow--the elevation really extends the water view! Perched just steps from popular "Dock Street" and its restaurants, bars, fishing pier, and outdoor fun, this location is perfect! Just a few steps in the other direction, and you will be at the coffee shop, smoothie joint, library, Art Center or "Main Street" art and gift shops. City Park is just 1.5 blocks away, with its beach, picnic pavilions, sports court and playground. Rent a kayak there and explore the natural surroundings the island is known for. Oh my--location, location, location! Tastefully decorated, this unit recently enjoyed a refreshing update. Continue with the current independent local vacation rental management company, and you will be set to begin cashing in on closing day. Visit as often as you like, and make rental income when you are away--the very best scenario!
Active
$479,000
549 1st St, Cedar Key, FL 32625
2beds
1,240sqft
Est.:
Single Family Residence
Built in 2000
2,613.6 Square Feet Lot
$-- Zestimate®
$386/sqft
$-- HOA
What's special
Water viewElevated for flood safety
- 742 days |
- 610 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: March 09, 2026 at 08:41am
Listed by:
Vanessa Edmunds 352-210-1155,
Cedar Key Realty, Inc. 352-543-9899
Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 790344
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Great Room
Primary bedroom
- Features: 2 Master Suites
Primary bathroom
- Features: Combo Tub & Shower
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Bar Fridge, Electric Cooktop, Microwave, Microwave Hood, Refrigerator
- Laundry: Laundry Closet
Features
- Ceiling Fan(s), Laminate Counters, Open Floorplan
- Flooring: Luxury Vinyl Planking, Tile
- Doors: French Doors, Other Windows/Doors
- Windows: Double Pane Windows, Other Windows/Doors, Blinds
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
Interior area
- Total structure area: 1,240
- Total interior livable area: 1,240 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Under House, Brick
- Has uncovered spaces: Yes
Features
- Levels: 2+ Story
- Patio & porch: Porch
- Exterior features: Lighting
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25' x 100'
- Features: Rectangular Lot, Subject to Easement, Typical, Partially Landscaped, Flood Plain
- Topography: Level
Details
- Additional structures: Separate Entrance Apt
- Parcel number: 0851400000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Frame
- Foundation: Coastal, Raised
- Roof: Metal
Condition
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Metered, Public
Community & HOA
Community
- Subdivision: Cedar Key
Location
- Region: Cedar Key
Financial & listing details
- Price per square foot: $386/sqft
- Tax assessed value: $368,710
- Annual tax amount: $6,658
- Date on market: 3/21/2024
- Listing terms: Cash,Conventional,May Sell Furnished
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2025 | Price change | $479,000-4%$386/sqft |
Source:  Dixie-Gilchrist Levy Counties BOR #790344 Report a problem | ||
| 9/9/2024 | Price change | $499,000-5%$402/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #790344 Report a problem | ||
| 3/21/2024 | Listed for sale | $525,000+200%$423/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #790344 Report a problem | ||
| 3/26/2014 | Sold | $175,000+7.7%$141/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #766213 Report a problem | ||
| 5/21/2013 | Sold | $162,500+25%$131/sqft |
Source: Public Record Report a problem | ||
| 2/16/2011 | Sold | $130,000-42.2%$105/sqft |
Source: Public Record Report a problem | ||
| 7/25/2003 | Sold | $225,000$181/sqft |
Source: Public Record Report a problem | ||
| 4/1/2003 | Sold | $225,000+7.1%$181/sqft |
Source: Public Record Report a problem | ||
| 10/14/2002 | Sold | $210,000$169/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,918 +3.9% | $296,003 +10% |
| 2023 | $6,659 +15.1% | $269,094 +10% |
| 2022 | $5,783 +16% | $244,631 +21% |
| 2021 | $4,983 +8.9% | $202,175 |
| 2020 | $4,576 -3% | $202,175 -2.3% |
| 2019 | $4,716 -1% | $206,919 |
| 2018 | $4,763 | $206,919 +2.6% |
| 2017 | $4,763 +9.1% | $201,684 +20.9% |
| 2016 | $4,364 +10.5% | $166,772 +1.9% |
| 2015 | $3,948 +3.7% | $163,622 +7.2% |
| 2014 | $3,809 | $152,634 |
| 2013 | -- | $152,634 -0.8% |
| 2012 | -- | $153,907 -13.5% |
| 2011 | -- | $177,963 -5% |
| 2010 | -- | $187,249 -9.2% |
| 2009 | -- | $206,268 -15.6% |
| 2008 | -- | $244,291 |
| 2007 | -- | $244,291 -6.5% |
| 2006 | -- | $261,224 +40.9% |
| 2005 | -- | $185,392 +12.5% |
| 2004 | -- | $164,818 +10.2% |
| 2003 | -- | $149,506 -61.2% |
| 2002 | -- | $385,699 +54.7% |
| 2001 | -- | $249,394 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,988/mo
Principal & interest
$2365
Property taxes
$623
More affordability tools
Climate risks
Neighborhood: 32625
Nearby schools
GreatSchools rating
- 8/10Cedar Key High SchoolGrades: PK-12Distance: 0.5 mi
- NALevy Virtual Instruction ProgramGrades: K-5Distance: 32.7 mi
- NALevy Virtual FranchiseGrades: 6-12Distance: 32.7 mi
Schools provided by the listing agent
- District: Levy
Source: Dixie-Gilchrist Levy Counties BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 32625
- Florida
- Levy County
- Cedar Key
- 32625
- 549 1st St
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