Great income producing property. Rare opportunity to own downtown in Cedar Key. Two apartments in an elevated building not affected by storm surge. One bedroom apartment upstairs, with full kitchen. Efficiency apartment below with walk in shower. Both have views of the Gulf and downtown area. House offers opportunity for rental income while you live upstairs or rent out both. Great rental history, convenient location close to everything.
Sale closed
$499,900
581 First St, Cedar Key, FL 32625
2beds
2,482sqft
Single Family Residence
Built in 2002
2,613 Square Feet Lot
$475,700 Zestimate®
$201/sqft
$2,780 Estimated rent
Home value
$475,700
$442,000 - $509,000
$2,780/mo
Zestimate® history
Owner options
List your home for rent
$2,780/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,780/mo
Rent Zestimate®
Refinance and save
$3,367/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,367/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Full kitchen
Zillow last checked:
Listing updated:
Listed by:
Lori Schleede 352-221-0572,
Pelican Realty 352-543-5581
Bought with:
Doris C Hellermann Pa, BK233842
Cedar Key Realty, Inc.
Source: Dixie-Gilchrist Levy Counties BOR,MLS#: 789321
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Great Room, Laundry, Living Room, Dining Room
Primary bedroom
- Level: Main
Primary bathroom
- Features: Combo Tub & Shower, Walk-in Shower
Heating
- Electric, Multiple Units
Cooling
- Electric
Appliances
- Included: Bar Fridge, Dishwasher, Disposal, Microwave, Microwave Hood, Electric Range, Refrigerator, Washer/Dryer Stacked
- Laundry: Laundry Closet, Laundry Room
Features
- Breakfast Bar, Ceiling Fan(s), Open Floorplan, Wired for Data
- Flooring: Tile
- Windows: Single Hung Windows, Blinds
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,482
- Total interior livable area: 2,482 sqft
Property
Parking
- Parking features: Side/Rear Entry, Under House, Brick, Concrete, Dirt, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: 2+ Story
- Patio & porch: Porch
- Exterior features: Balcony, Lighting
Lot
- Size: 2,613 Square Feet
- Features: Interior Lot, Rectangular Lot
- Topography: Level
Details
- Additional structures: Separate Entrance Apt
- Parcel number: 0851400400
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Key West
- Property subtype: Single Family Residence
Materials
- HardiPlank Type, Frame
- Foundation: Raised
- Roof: Metal
Condition
- Year built: 2002
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: $201/sqft
- Tax assessed value: $394,847
- Annual tax amount: $6,012
- Date on market: 11/25/2023
- Listing terms: Cash,Owner May Carry
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $499,900$201/sqft |
Source:  Dixie-Gilchrist Levy Counties BOR #789321 Report a problem | ||
| 10/25/2023 | Pending sale | $499,900$201/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #789321 Report a problem | ||
| 10/6/2023 | Listed for sale | $499,900$201/sqft |
Source: Dixie-Gilchrist Levy Counties BOR #789321 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,516 +18.9% | $394,847 +36% |
| 2023 | $7,161 +15.4% | $290,277 +10% |
| 2022 | $6,206 +15.8% | $263,888 +21% |
| 2021 | $5,357 +9% | $218,089 |
| 2020 | $4,915 -3.1% | $218,089 -2.3% |
| 2019 | $5,071 -0.5% | $223,330 |
| 2018 | $5,095 | $223,330 +2.9% |
| 2017 | $5,095 +9.1% | $217,045 +21.5% |
| 2016 | $4,672 +10.8% | $178,580 +2% |
| 2015 | $4,217 | $175,046 +6.8% |
| 2014 | -- | $163,897 |
| 2013 | -- | $163,897 -0.8% |
| 2012 | -- | $165,240 -12.5% |
| 2011 | -- | $188,898 -4.3% |
| 2010 | -- | $197,423 -8% |
| 2009 | -- | $214,643 -15.6% |
| 2008 | -- | $254,403 -0.6% |
| 2007 | -- | $256,048 -6.2% |
| 2006 | -- | $272,980 +39.5% |
| 2005 | -- | $195,685 +12.3% |
| 2004 | -- | $174,241 +10.8% |
| 2003 | -- | $157,223 |
Find assessor info on the county website
Neighborhood: 32625
Nearby homes
- $499,0002 bd3 ba1.2k sqft573 1st St, Cedar Key, FL 32625For Sale
- $441,0002 bd2 ba1.2k sqft589 1st St, Cedar Key, FL 32625Off Market
- $390,8002 bd3 ba1.2k sqft597 1st St, Cedar Key, FL 32625Off Market
- $529,0002 bd2 ba1.2k sqft557 1st St, Cedar Key, FL 32625For Sale
- $459,0002 bd2 ba1.2k sqft549 1st St, Cedar Key, FL 32625For Sale
- $269,400-- bd-- ba1.1k sqft582 2nd St, Cedar Key, FL 32625Off Market
- $220,6002 bd2 ba1.1k sqft519 1st St, Cedar Key, FL 32625Off Market
- $216,500-- bd-- ba880 sqft574 2nd St, 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
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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Florida
- Levy County
- Cedar Key
- 32625
- 581 First St
Nearby cities
Nearby zip codes
Other Cedar Key Topics
