Island Place at Cedar Key has just undergone major renovations. Still to come is the new landscaping which should be completed this summer. Island Place condos are very near Dock Street in Cedar Key, where many of the restaurants and small stores are. Restaurants on 2nd Street and local grocery store are within east walking distance.
Condo assn. dues are payable quarterly, not monthly, at $1500.00 per quarter. Unit 101 has a beautiful view of the Gulf from the porch. Gorgeous new decking on the porches is only part of the renovations. New Hardie board siding on the buildings. Unit has a brand new HVAC system. Rentals are managed by our property manager, Selling agent protected.
Sold for $238,000
$238,000
550 1st St #U101, Cedar Key, FL 32625
1beds
560sqft
Condo
Built in 1982
-- sqft lot
$214,200 Zestimate®
$425/sqft
$1,317 Estimated rent
Home value
$214,200
$195,000 - $233,000
$1,317/mo
Zestimate® history
Owner options
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$2,171/mo
Est. payment
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Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 560 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off-street
Features
- Exterior features: Cement / Concrete
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Details
- Parcel number: 1765500000
Construction
Type & style
- Home type: Condo
Materials
- masonry
- Roof: Metal
Condition
- Year built: 1982
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $500 monthly
Location
- Region: Cedar Key
Financial & listing details
- Price per square foot: $425/sqft
- Tax assessed value: $212,500
- Annual tax amount: $3,478
Price history
| Date | Event | Price |
|---|---|---|
| 5/23/2024 | Sold | $238,000+116.4%$425/sqft |
Source: Public Record Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/26/2018 | Sold | $110,000-3.9%$196/sqft |
Source: Public Record Report a problem | ||
| 3/5/2018 | Listed for sale | $114,500+44.9%$204/sqft |
Source: Owner Report a problem | ||
| 7/20/2011 | Sold | $79,000-65.7%$141/sqft |
Source: Public Record Report a problem | ||
| 3/2/2006 | Sold | $230,000$411/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,478 +1.7% | $148,166 +10% |
| 2023 | $3,419 +15.7% | $134,696 +10% |
| 2022 | $2,956 +15.6% | $122,451 +21% |
| 2021 | $2,557 +8.2% | $101,199 -8% |
| 2020 | $2,362 +11.9% | $109,999 +19.6% |
| 2019 | $2,111 +29.2% | $91,999 +35.3% |
| 2018 | $1,634 | $68,000 |
| 2017 | $1,634 -0.9% | $68,000 -15% |
| 2016 | $1,648 -16.3% | $79,999 |
| 2015 | $1,969 +1.7% | $79,999 |
| 2014 | $1,936 | $79,999 |
| 2013 | -- | $79,999 |
| 2012 | -- | $79,999 -35.2% |
| 2011 | -- | $123,499 -5% |
| 2010 | -- | $129,999 |
| 2009 | -- | $129,999 -30.7% |
| 2008 | -- | $187,572 |
| 2007 | -- | $187,572 |
| 2006 | -- | $187,572 +40% |
| 2005 | -- | $133,980 +20% |
| 2004 | -- | $111,650 +47.1% |
| 2003 | -- | $75,900 +15% |
| 2002 | -- | $66,000 |
| 2001 | -- | $66,000 +10% |
| 2000 | -- | $60,000 |
Find assessor info on the county website
Neighborhood: 32625
Nearby homes
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- $212,900-- bd-- ba560 sqft550 1st St #U109, Cedar Key, FL 32625Off Market
Nearby schools
GreatSchools rating
- 8/10Cedar Key High SchoolGrades: PK-12Distance: 0.5 mi
- NALevy Virtual Instruction Program (District Provided)Grades: K-12Distance: 32.7 mi
- NALevy Virtual Instruction ProgramGrades: K-12Distance: 32.7 mi
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- Florida
- Levy County
- Cedar Key
- 32625
- 550 1st St Unit U101
