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550 1st St, Unit 112, Cedar Key, FL 32625

$289,000
BEDS1 BATHS1 full SQUARE FEET560 MLS#799134
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550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625

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550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625
550 1st St, Unit 112, Cedar Key, FL 32625

Property 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, its 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 Floridas 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.

550 1st St, Unit 112 | MLS# 799134

This condo located at 550 1st St, Unit 112, Cedar Key, FL 32625 is currently listed for sale with an asking price of $289,000. This property was built in 1982 and has 1 bedrooms and 1 full baths with 560 sq. ft. 1st St, Unit 112 is located in the The Island Place at Cedar Key subdivision within the Levy school district. Search The Island Place At Cedar Key real estate on eredstone.watsonrealtycorp.com today.

Property Features

Property Type: Residential - Condominium
Fenced: Yes
Heating: Central H/C-Electric
Home Style: 2+ Story, Traditional
Roof Type: Metal
Stories: 2.0
Taxes: $2,339
Year Built: 1982
Square Feet: 560

Feature Descriptions

Appliances: Dishwasher, Microwave, Range - Electric, Refrigerator, Smoke Detector, Stacked Washer/Dryer
Association Fee: $1808.00/Monthly
Ceilings: Standard
Construction: Frame
Days on Site: 77
Driveway: Blacktop
Exterior: HardiPlank Type
Exterior: Covered Deck, Outdoor Grill, Outdoor Lights, Patio
Fireplace: Electric
Flooring: Luxury Vinyl Planking, No Carpet
Foundation: Stilt
Interior: Blinds, Breakfast Bar, Ceiling Fans, Granite Counter, Living Room
Irrigation: Automatic
Landscaping: Fully Landscaped
Master Bath: Shower Only, Vanity
Master Bedroom: Master Main Floor
Parcel #: 1766600000
Road Type: City Street, Maintained, Paved
Sewer: Public Sewer
Special Information: Flood Plain, Furnished, HOA Disclosure, Income Producing, Seller Property Disclosure
Special View Info: Gulf View
Swimming Pool: Yes
Swimming Pool: Community, Concrete Pool, Gas/Solar/Electric Heated, In Ground Pool, Safety Fence, Saltwater Pool
Topography: Flat
Total Rooms: 3
Water: Metered, Public
Waterfront Access: Gulf Front, Gulf of Mexico, Gulf View
Windows/Doors: Dual Pane Windows, High Impact Glass, Sliding Glass Door, Windborne Debris Protection

Local Schools

School District: Levy

Listed By / Shown By

Listed By

Agency Name: Pelican Realty
Agency Phone: 3525435581

Shown By

Agent Name: Eli Redstone
Agent Phone: (352) 677-8899
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 1,735.99 per month $1,456.78 Principal & Interest $194.92 Property Tax $84.29 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/16/2026. The listing information on this page last changed on 07/16/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 07/16/2026 12:02:56 AM EST) or GAMLS (last updated Wed 07/15/2026 7:00:58 AM EST) or Stellar MLS (last updated Wed 07/15/2026 11:44:16 PM EST) or SPC MLS (last updated Wed 07/15/2026 11:20:42 PM EST) or Martin MLS (last updated Wed 07/15/2026 11:38:12 PM EST) or Indian River MLS (last updated Wed 07/15/2026 11:30:12 PM EST) or Daytona MLS (last updated Wed 07/15/2026 11:36:51 PM EST) or Northeast Florida MLS (last updated Wed 07/15/2026 11:58:58 PM EST) or Beaches MLS (last updated Wed 07/15/2026 11:58:36 PM EST) or BORMLS (last updated Wed 07/15/2026 11:16:54 PM EST) or Scout MLS (Golden Isles) (last updated Wed 07/15/2026 7:06:28 AM EST) or Amelia/Nassau MLS (last updated Wed 07/15/2026 11:25:16 PM EST) or Dixie Gilchrist Levy MLS (last updated Wed 07/15/2026 11:42:21 PM EST) or NFLMLS (last updated Wed 07/15/2026 9:05:58 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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