550 1st St #112, Cedar Key, FL 32625
Local realty services provided by:CENTURY 21 Dianne Chewning & Associates
Listed by: melinda allen, caryn stephenson
Office: pelican realty
MLS#:799134
Source:FL_DGLMLS
Price summary
- Price:$289,000
About this home
Perched along the shimmering shoreline of Cedar Key, this gulf-front condominium delivers what discerning coastal buyers seek but rarely find: unobstructed, panoramic water views paired with true walkability to the heart of town. From morning light dancing across the Gulf to painted sunset skies, every moment on Cedar Key is framed by open water and the easy rhythm of island living. Positioned in what many consider the premier location on the island, this residence places you just steps from local dining, shopping, and the vibrant waterfront—yet feels worlds away with its elevated vantage point and sweeping views of birds and water. A dedicated parking space and golf-cart-friendly access ensure effortless movement from your front door to everything Cedar Key has to offer. Thoughtfully elevated for peace of mind, the property is undergoing a comprehensive restoration scheduled for completion in August 2026. The result will be essentially new construction within an established, high-demand complex: fresh drywall, a fully redesigned kitchen with granite counters, new appliances, updated flooring, modern paint finishes, and a reimagined bath—all complemented by curated, high-quality coastal furnishings. A new HVAC system and in-unit washer and dryer add practical comfort to the refined aesthet?ic. If you hurry, you can select colors and other options! Beyond the residence, the community itself is being revitalized, highlighted by what is widely regarded as the best pool in town—set gulf-side for uninterrupted water views—and surrounded by refreshed landscaping that enhances both privacy and curb appeal. For investors, the opportunity is equally compelling: a proven, high-performing rental property with no usage restrictions, offering immediate income potential upon completion. A superior ROI means years of a high producing unit in your portfolio. For end users, it's a turnkey coastal retreat or full-time residence where every detail has been addressed. Island Place 112 is a fully reimagined gulf-front condominium in one of Florida's most authentic waterfront communities. Come imagine the possibilities! Pictures indicate current condition as well as some pictures from prior to Sept 2024 to show how it can look when completed. Buyer may be able to select colors and options, depending on timing....
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Home facts
- Year built:1982
- Listing ID #:799134
- Added:40 day(s) ago
- Updated:June 10, 2026 at 02:48 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:3
- Flooring:Luxury Vinyl Planking
- Kitchen Description:Breakfast Bar, Dishwasher, Electric Range, Microwave, Refrigerator
Heating and cooling
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:1982
- Lot Features:Flood Plain, Landscaped
- Architectural Style:Traditional
- Construction Materials:Frame, HardiPlank Type
- Exterior Features:Deck, Patio, ext_fea_Lighting, ext_fea_Outdoor Grill
- Foundation Description:Raised
- Levels:2+ Story
Utilities
- Water:Metered, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$289,000
Features and amenities
- Appliances:Electric Water Heater, Refrigerator
- Amenities:Ceiling Fan(s), Granite Counters, Smoke Detector(s)
- Pool features:Community, Concrete Pool, Fenced, Heated, In Ground, Salt Water
Parking
- Parking description:Asphalt
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