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Rebecca Slaughter

rebecca@northfloridalifestyle.com +1(352) 221-1080

Listed by Krystal Wynans Hatcher Realty Services, Inc. Trenton

$ 849,000

Est. payment -/mo

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Active

11918 State Rd 24 Cedar Key, FL 32625

4 Beds

2 Baths

1,470 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,470 sqft

Price per Sqft $577

Subdivision Not In Subdivision

MLS Listing ID 799534

Style Traditional

Bedrooms 4

Full Baths 2

Annual Tax Amount $7,216

Tax Year 7216

Lot Size 0.510 Acres

Lot Dimensions 22215.6

Property Sub-Type Multi Family

Property Description

Discover an incredible investment opportunity in the heart of Cedar Key with this rare waterfront multi-family home situated on 0.51 acres. Each side of this elevated duplex features 2 bedrooms and 1 bathroom, offering comfort, privacy, and strong rental appeal. The property boasts 1,470 sq. ft. of cooled living space and 3,552 sq. ft. total, providing plenty of room for guests, family, or tenants. Perched directly on the water, this stilt-built home includes two covered parking spaces per unit, offering convenience and protection. Residents and guests can enjoy the private dock, ideal for boating, fishing, paddleboarding, and taking in Cedar Key's unforgettable sunsets. Currently operating as a successful income-producing rental on multiple platforms, the home comes fully furnished, making it a true turn-key investment. Whether you're looking to expand your rental portfolio or live on one side while renting out the other, this property offers tremendous flexibility. A standout feature of this property is its unique zoning, which may allow for the addition of up to four total units—a rare opportunity in Cedar Key. Buyers are encouraged to perform their own due diligence to confirm buildability and expansion options. With spectacular water views, proven rental performance, and future development potential, this property offers endless possibilities for investors or owner-occupants seeking a slice of Cedar Key paradise.

Location

State FL

Interior

Interior Features Ceiling Fan(s)

Heating Electric

Cooling Electric

Flooring Luxury Vinyl Planking, Tile, Vinyl

Fireplaces Type None

Fireplace No

Window Features Single Pane,Blinds

Appliance Dishwasher, Dryer - Electric, Microwave, Microwave Hood, Electric Range, Refrigerator, Trash Compactor, Washer, Electric Water Heater

Laundry Laundry Closet, Laundry Room

Exterior

Exterior Feature Balcony, Barbecue, Lighting, Dock

Parking Features Driveway, Off Street, Open, Under House, Limerock, Unit 1 Covered Parking, Unit 2 Covered Parking

Garage Spaces 4.0

Fence None

Waterfront Description Seawall,Gulf Access,Gulf Front,Gulf of Mexico

View Y/N true

View Water

Roof Type Metal

Garage No

Building

Lot Description Rectangular Lot, Flood Plain, Landscaped, Native Plants

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

Elementary Schools Levy

Middle Schools Levy

High Schools Levy

Others

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Rebecca Slaughter

Agent

+1(352) 221-1080

Rebecca Slaughter

11918 State Rd 24 Cedar Key, FL 32625

Key Details

Location

Interior

Exterior

Building

Schools

Others

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11918 State Rd 24