Downtown Cedar Key Gem with Exceptional Income Potential This unique downtown Cedar Key property offers unmatched flexibility with two completely separate living spaces, each featuring its own private entrance, full kitchen, and master suite—one on each floor. Ideal for vacation rentals, multi-generational living, or owner-occupy with income, this home adapts effortlessly to your lifestyle or investment goals. Offered fully furnished and move-in ready, the property is thoughtfully designed for comfort and convenience, allowing you to start enjoying or renting immediately. Whether used as a full-time residence, seasonal getaway, or high-demand rental, the layout provides privacy for guests while maximizing rental potential. Located in the heart of downtown Cedar Key, you're just steps from restaurants, shops, galleries, and the waterfront—everything that makes island living so desirable. A rare opportunity to own a versatile, turnkey property in one of Florida's most charming coastal communities.
Active
$529,000
557 1st St, Cedar Key, FL 32625
2beds
1,296sqft
:
Get pre-qualified$3,449/mo
Single Family Residence
Built in 2000
2,613 Square Feet Lot
$-- Zestimate®
$408/sqft
$-- HOA
What's special
Privacy for guestsFull kitchen
- 232 days |
- 136 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Angela Beckham 904-206-1257,
Cedar Key Realty, Inc. 352-543-9899
Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 796258
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: Electric Cooktop, Microwave, Refrigerator, Washer/Dryer Stacked
- Laundry: Laundry Closet
Features
- Ceiling Fan(s), Laminate Counters, Open Floorplan
- Flooring: Luxury Vinyl Planking, Tile
- Doors: French Doors
- Windows: Double Pane Windows, Blinds
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
Interior area
- Total structure area: 1,296
- Total interior livable area: 1,296 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, Under House, Concrete
- Has uncovered spaces: Yes
Features
- Levels: 2+ Story
- Patio & porch: Porch
- Exterior features: Lighting
Lot
- Size: 2,613 Square Feet
- Features: Rectangular Lot, Subject to Easement, Partially Landscaped, Flood Plain
- Topography: Level
Details
- 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: Public
Community & HOA
Community
- Subdivision: Cedar Key
Location
- Region: Cedar Key
Financial & listing details
- Price per square foot: $408/sqft
- Tax assessed value: $394,055
- Annual tax amount: $7,865
- Date on market: 12/23/2025
- Listing terms: Cash,Conventional
- Inclusions: Sold Fully Furnished As Shown
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Listed for sale | $529,000$408/sqft |
Source:  Dixie-Gilchrist Levy Counties BOR #796258 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,358 +3.6% | $316,655 +10% |
| 2023 | $7,101 +15.3% | $287,868 +10% |
| 2022 | $6,157 +15.8% | $261,698 +21% |
| 2021 | $5,315 +9% | $216,279 |
| 2020 | $4,877 -3% | $216,279 -2.3% |
| 2019 | $5,030 -0.7% | $221,443 |
| 2018 | $5,063 | $221,443 +2.7% |
| 2017 | $5,063 +9% | $215,548 +21.4% |
| 2016 | $4,644 +10.7% | $177,582 +2% |
| 2015 | $4,195 | $174,141 +7.5% |
| 2014 | -- | $161,924 |
| 2013 | -- | $161,924 -0.8% |
| 2012 | -- | $163,295 -13.3% |
| 2011 | -- | $188,352 -5% |
| 2010 | -- | $198,313 -8% |
| 2009 | -- | $215,533 -15.6% |
| 2008 | -- | $255,293 -0.6% |
| 2007 | -- | $256,938 -6.2% |
| 2006 | -- | $273,870 +39.3% |
| 2005 | -- | $196,575 +12.2% |
| 2004 | -- | $175,131 +11% |
| 2003 | -- | $157,756 |
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: 0.5 mi
- NALevy Virtual Instruction Program (District Provided)Grades: K-12Distance: 32.7 mi
- NALevy Virtual Instruction ProgramGrades: K-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.
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A local agent can set up tours, give advice and negotiate with sellers.
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