USAFLCedar KeyThe Island Place at Cedar Key112-550 1St St

112-550 1St St, Cedar Key, FL

Name: 112 - 550 1St St, For Sale in Cedar Key - eXp Realty
Brand: Pelican Realty
SKU: 799134
Price: 289000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$289,000

110

MLS® 799134

Key Facts
Description
Map

Key Facts

Type Condominium

Levels Residential

Size 560 sqft

Garage

HOA Fees $1,808

Taxes $2,340

Days Active 1

Approx. Age 1982

Avg. Price Per Sqft $516

MLS® Number 799134

Property Address: 112-550 1st St, Cedar Key, FL, 32625-5108

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number799134

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1982

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 30, 2026List Date

$289,000List Price

Commute

Commute

Starting Address

Destination Address

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