Tucked away on a private waterfront peninsula in historic Cedar Key, this rare coastal retreat offers the kind of setting most people only dream about! Surrounded by breathtaking water views and towering native trees, this 2 bedroom, 1 bath home captures unforgettable west-facing sunsets across the Gulf of Mexico from one of the most unique locations on the island. Set on three separate lots totaling more than an acre, the property offers endless possibilities. Expand the existing home, build an additional residence, create a family compound, or simply enjoy the combination of island living and open space that is nearly impossible to find in Cedar Key. The downstairs flex space provides room for hobbies, storage, guest overflow, or a future studio or workshop. Outdoor living takes center stage here. Fish directly from the shoreline, watch dolphins and birds pass by, or relax beneath the incredible canopy of mature trees that give the property its peaceful Old Florida charm. A cargo lift adds convenience, while the garage, carport, and generous boat trailer parking make it easy to enjoy the waterfront lifestyle to the fullest. Located less than a block from the state museum and just a quick five-minute golf cart ride to downtown Cedar Key's restaurants, shops, marina, and community events, this property offers both privacy and convenience in one spectacular package!
Active
Price cut: $340.1K (6/6)
$859,900
16650 120th Pl, Cedar Key, FL 32625
2beds
1,059sqft
:
Get pre-qualified$5,630/mo
Single Family Residence
Built in 1980
1 Acres Lot
$-- Zestimate®
$812/sqft
$-- HOA
What's special
Towering native treesBreathtaking water viewsCargo lift adds conveniencePrivate waterfront peninsula
- 214 days |
- 204 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Kathleen Wright 352-949-3319,
Pelican Realty 352-543-5581,
Caryn Stephenson 352-228-0420,
Pelican Realty
Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 796354
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bonus Room
Primary bedroom
- Features: 1 Master Suite, Sitting Area
Primary bathroom
- Features: Shower Only
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Electric Cooktop, Dishwasher, Refrigerator
Features
- Ceiling Fan(s), Elevator
- Flooring: Tile, Wood
- Windows: Single Hung Windows
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,059
- Total interior livable area: 1,059 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Carport, Attached, Dirt
- Attached garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: 2+ Story
- Patio & porch: Porch, Open Deck
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: None, Gulf Access, Gulf Front
- Body of water: Gulf of Mexico
Lot
- Size: 1 Acres
- Features: Multiple Lots, Native Plants, Flood Plain
- Topography: Level
Details
- Has additional parcels: Yes
- Parcel number: 0894900000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Block, Concrete
- Foundation: Pillar/Post/Pier
- Roof: Metal
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Cedar Key Shores
Location
- Region: Cedar Key
Financial & listing details
- Price per square foot: $812/sqft
- Tax assessed value: $602,235
- Annual tax amount: $9,523
- Date on market: 1/10/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Price change | $859,900-28.3%$812/sqft |
Source:  Dixie-Gilchrist Levy Counties BOR #796354 Report a problem | ||
| 1/10/2026 | Listed for sale | $1,200,000+421.7%$1,133/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #796354 Report a problem | ||
| 4/6/1999 | Sold | $230,000$217/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,628 +3.9% | $598,246 +10% |
| 2023 | $12,159 +11.1% | $543,860 +10% |
| 2022 | $10,940 +11.7% | $494,418 +14.3% |
| 2021 | $9,790 +3.2% | $432,740 |
| 2020 | $9,488 +0.6% | $432,740 +1.9% |
| 2019 | $9,429 +24.9% | $424,558 |
| 2018 | $7,548 | $424,558 +5.9% |
| 2017 | $7,548 +6.4% | $400,964 |
| 2016 | $7,093 -2% | $400,964 +1.8% |
| 2015 | $7,239 +4.1% | $393,822 +0.2% |
| 2014 | $6,951 | $392,939 |
| 2013 | -- | $392,939 -0.4% |
| 2012 | -- | $394,322 -1.9% |
| 2011 | -- | $402,005 -3.3% |
| 2010 | -- | $415,857 -24.6% |
| 2009 | -- | $551,840 -13.1% |
| 2008 | -- | $635,062 -0.3% |
| 2007 | -- | $636,951 -12% |
| 2006 | -- | $724,014 +30.2% |
| 2005 | -- | $556,202 +58.2% |
| 2004 | -- | $351,653 +39.3% |
| 2003 | -- | $252,418 -2.5% |
| 2002 | -- | $258,933 +45.8% |
| 2001 | -- | $177,550 +5.2% |
| 2000 | -- | $168,701 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 32625
Nearby schools
GreatSchools rating
- 8/10Cedar Key High SchoolGrades: PK-12Distance: 1.1 mi
- NALevy Virtual Instruction Program (District Provided)Grades: K-12Distance: 32.6 mi
- NALevy Virtual Instruction ProgramGrades: K-12Distance: 32.6 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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