11990 State Rd 24, Cedar Key, FL 32625

Welcome to one of Cedar Key's most unique and breathtaking properties! This charming two-story residence, originally a single-family home, has been thoughtfully converted into three separate income-producing apartments, offering endless possibilities for homeowners and investors alike. With two apartments upstairs and one almost-completed downstairs unit, this home offers the flexibility to continue as a multi-family rental or be returned to a spacious single-family retreat — the choice is yours! The real highlight of this home is the back porch, where you'll experience some of the most stunning sunsets and sunrises that Cedar Key has to offer. Imagine watching the sky transform each day as you take in the beauty of the Gulf — these views will never get old. The sunsets are simply unforgettable, and with this property, you'll have the privilege of enjoying them every single day. The home sits on a generous .80-acre lot, with an additional .29-acre lot directly south of the property available for purchase. Together, these two parcels give you over an acre of prime real estate with spectacular, unobstructed views. The property is ideally located just minutes from Cedar Key's vibrant downtown area, where you'll find shops, restaurants, and medical care. Plus, it's right next door to the local tiki bar — perfect for those who enjoy a fun, laid-back lifestyle. The downstairs apartment is nearly finished, offering a blank canvas to complete the space to your liking. Each of the upper apartments is fully equipped with a kitchen, bathroom, bedroom, and living area, making them perfect for renters or guests. The main home's original kitchen, recently remodeled, adds an extra touch of charm and functionality. In the backyard, you'll find raceways that were once used for raising baby clams — they could be removed to create additional outdoor space, or filled in to plant grass for a larger lawn area. The front building, which was previously an aquaculture facility, offers endless potential. It already has a concrete slab and roof in place, ready to be converted into a two-car garage with minimal work. Built in 1983, this home features durable T-111 siding and sits on a concrete slab and stilts, providing peace of mind in case of flooding. The upstairs areas, once the main home, are high above the floodplain, making it a safe and secure living space. Tile floors run throughout, and two of the bathrooms boast beautiful walk-in tile showers. With incredible views, a prime location close to Cedar Key's best spots, and the potential to generate rental income, this property truly has it all. Whether you're looking for a home, an investment, or both, this opportunity is one you won't want to miss! Come experience the magic of Cedar Key and the sense of community that makes this island so special.