OFF MARKET

Off market may 2024 for $238K

$213,667

•

560

sq ft

550 1st St #101, Cedar Key, FL 32625

About this home

This 1st floor unit at Island Place condos is a must see in Cedar Key! Unit has been newly renovated with new tile flooring, new granite kitchen countertops, new paint, fresh new decorated unit with great furnishings that is a walk-in ready unit. Exterior is in excellent condition with new paint around the corner, deck replacement, railing replacement, and roof only 8 years old. Entire unit has been remodeled with a beautiful view of pool and Gulf. Unit could sleep up to five with queen bed, single bed in hall and a queen pull-out in living area. Fully stocked kitchen will make your evenings a pleasure to cook and enjoy a great meal on your porch. Stacked washer/dryer right inside the unit to make your vacation seamless. The Gulf front pool is the best pool on the island with a view straight out to Atsena Otie. Walk one block to restaurants and shopping or rent a golf cart to enjoy the island. Dedicated parking space for this unit and onsite management company provides stellar service with superior income and none of the work at Island Place Unit 101! Excellent ROI for investors and those who wish to live here year-round are welcome!

CondoProperty Type

1982Year Built

$382Est. Price/Sq.Ft.

Listed by Melinda Allen • Pelican Realty

Listed by Caryn Stephenson • Pelican Realty

Contact: 3525435581, carynd@gmail.com

Bought with Melinda Allen • Pelican Realty

Redfin checked: a few seconds ago

•Source:DGLMLS #790012

Redfin Estimate

$213,667

$24K since sold in May 2024$25K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 18.9% higher than the average sale price ($180K) of 6 comparable homes.

SOLD SEP 17, 2026
$200,000
A
1 bed1.5 baths650 sq ft
2653 N Seabreeze Pt, Crystal River, FL 34429
SOLD JUN 1, 2026
$250,000
B
1 bed1 bath560 sq ft
550 1st St #202, Cedar Key, FL 32625
SOLD JUN 9, 2026
$125,000
C
1 bed1 bath480 sq ft
82 2nd St #314, Cedar Key, FL 32625
SOLD NOV 14, 2025
$128,000
D
1 bed1 bath480 sq ft
82 2nd St #311, Cedar Key, FL 32625
SOLD JUL 31, 2026
$155,000
E
1 bed1 bath480 sq ft
20800 River Dr Unit A16, Dunnellon, FL 34431
SOLD AUG 27, 2026
$220,000
F
2 beds2 baths1,346 sq ft
11961 W Edgeview Ct #11961, Crystal River, FL 34429

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Earn from this home

Rent

$1,489/mo

Redfin rental estimate

List your home for rent

Market trends in 32625, FL

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

90.5%

1.0% MoM

Median sale price

$322K

$139 MoM

Avg. days on market

135d

8 days MoM

Recently sold homes

6 MoM

New listings for sale

$825,000
4 beds3 baths4,366 sq ft
16616 SW Airport Rd, Cedar Key, FL 32625
$279,000
1 bed2 baths740 sq ft
1025 7th St #2, Cedar Key, FL 32625
See all

Provided by Redfin

Sale history for 550 1st St #101

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Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Condo/Co-op

County

Levy County

APN

17655-000-00

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Apr 30, 2023.

Property details

Parking

Parking/Garage Information
Parking Features: Asphalt

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 1

Interior Features
Interior Features: Breakfast Bar
Furnished: Furnished
Appliances: Dishwasher, Refrigerator
Flooring: Carpet, Tile

Room Information
# of Rooms Total: 3

Exterior

Exterior Features
Patio And Porch Features: Deck
Roof: Metal

Pool Information
Pool Features: Outdoor Pool, In Ground

Property Features
On Waterfront
Has View
Pets Allowed: Yes

Property Information
Property Type: Residential
Property Sub Type: Condominium
Raw Mls Property Sub Type: Condominium

Lot Information
Lot Features: Level, Waterfront

Financial

Tax Information
Tax Annual Amount: $3,385.15

Utilities

Utility Information
Sewer: Public Sewer

Location

HOA Information
Has Homeowners Association
Association Fee: $1,808
Association Fee Frequency: Quarterly
Derived Association Fee (Monthly): $602.67

Schools Information
School District: Levy

Location Information
Directions: State Road 24 to 1st Street, Turn Left. Go 1/4 of a block and The Island Place Condominiums are located on the Right. Unit 101 is on the west end of the complex. No PELICAN REALTY sign due to condo restrictions.
Subdivision Name: The Island Place at Cedar Key

Community Information
Community Features: Pool

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Levy County
APN: 17655-000-00

Home facts updated by county records on Apr 30, 2023

Other

Listing Information
AttributionContact: 3525435581, carynd@gmail.com

Around this home

Schools

Cedar Key High School

Public PreK-12 • Assigned • 0.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

10/10 Heat Factor

7 days above 111° expected this year, 23 days in 30 years

10/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Cedar Key, FL • 32625

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 6.1 hours in December, placing it above the U.S. average for solar exposure.

9.4 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Nearby similar homes

$315,000

1 bed1 bath560 sq ft

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3D WALKTHROUGH

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New listings for sale in 32625

$825,000

4 beds3 baths4,366 sq ft

16616 SW Airport Rd, Cedar Key, FL 32625

$279,000

1 bed2 baths740 sq ft

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Home values near 550 1st St #101

Data from public records.

Address	Redfin Estimate
550 1st St Apt 104, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$197,332
550 1st St Apt 111, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$193,898

Address	Redfin Estimate
550 1st St Apt 109, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$220,098
550 1st St Apt 102, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$223,451

Address	Redfin Estimate
550 1st St Apt 101, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$213,714
550 1st St Apt 112, Cedar Key, FL - Beds \| - Baths \| 560 Sq. Ft.	$190,031

Property information provided by DGLMLS when last listed in 2024. This data may not match . Learn more.

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