For sale

$529,000

Est. $3,789/mo —

•

1,296

sq ft

557 1st St, Cedar Key, FL 32625

About this home

Downtown Cedar Key Gem with Exceptional Income Potential This unique downtown Cedar Key property offers unmatched flexibility with two completely separate living spaces, each featuring its own private entrance, full kitchen, and master suite—one on each floor. Ideal for vacation rentals, multi-generational living, or owner-occupy with income, this home adapts effortlessly to your lifestyle or investment goals. Offered fully furnished and move-in ready, the property is thoughtfully designed for comfort and convenience, allowing you to start enjoying or renting immediately. Whether used as a full-time residence, seasonal getaway, or high-demand rental, the layout provides privacy for guests while maximizing rental potential. Located in the heart of downtown Cedar Key, you're just steps from restaurants, shops, galleries, and the waterfront—everything that makes island living so desirable. A rare opportunity to own a versatile, turnkey property in one of Florida's most charming coastal communities.

Single-familyProperty Type

2000Year Built

2,614 sq ftLot Size

$408Price/Sq.Ft.

Listed by Angela Beckham • Cedar Key Realty, Inc.

Contact: 3525439899

Listing updated: Jan 15, 2026 at 04:01pm

Redfin checked: 2 minutes ago

•Source:DGLMLS #796258

Payment calculator

$3,789 per month

Principal and interest$2,887

Property taxes

$655

HOA dues

Home insurance

$247

Utilities

Add

5 minutes to get started. No credit impact.

Affordability tools

Open houses

No upcoming open houses.

Around this home

Schools

K - 12
Preschool & daycare

Cedar Key High School

Public PreK-12 • Assigned • 0.5mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

557 1st St · $529,000

Strong offer

$521K and above

75% chance or better to win

Why $521K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 99 days.

SALE-TO-LIST

Most homes are selling 4% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Cathedral ceilings
Vaulted ceilings
Furnished

Bathrooms
2 full bathrooms

Kitchen
Refrigerator

Flooring
Tile
Vinyl

Sale and tax history for 557 1st St

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$8,125 (+10.4%)

2024

$7,358 (+3.6%)

2023

$7,101 (+15.3%)

2022

$6,157 (+15.8%)

2021

$5,315 (+9.0%)

2020

$4,877 (−3.0%)

$50,000 + $166,279

$216,279

2019

$5,030 (−0.7%)

$50,000 + $171,443

$221,443

2018

$5,063 (+9.0%)

$50,000 + $171,443

$221,443

2017

$4,644 (+10.7%)

$50,000 + $165,548

$215,548

2016

$4,194 (+10.3%)

$50,000 + $165,548

$215,548

2014

$3,802

$50,000 + $124,141

$174,141

Public record

Beds

—

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

2,614 Sq. Ft.

Year renovated

2002

Finished Sq. Ft.

1,296

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,296

Year built

2002

Style

Single Family Residential

County

Levy County

APN

0851400100

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 9, 2026.

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)

60°

46°

65°

53°

72°

59°

77°

66°

82°

73°

87°

78°

88°

79°

88°

79°

86°

73°

79°

66°

74°

60°

67°

53°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

74/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

7.5 hrs

5.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 557 1st St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $291,000 and $825,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $291K to $825K.

SOLD OCT 22, 2026
$429,000 Last sold price
3 beds2 baths1,404 sq ft
12410 Cedar St, Cedar Key, FL 32625
$102/sq ft
larger lot
29 years older
SOLD MAR 3, 2026
$612,000 Last sold price
2 beds2 baths1,242 sq ft
652 1st St, Cedar Key, FL 32625
$85/sq ft
larger lot
70 years older
SOLD JUN 9, 2026
$825,000 Last sold price
3 beds3.5 baths1,560 sq ft
660 1st St, Cedar Key, FL 32625
$121/sq ft
larger lot
6 years older
SOLD APR 2, 2026
$535,000 Last sold price
3 beds2 baths1,728 sq ft
16380 Hodges Ave, Cedar Key, FL 32625
$98/sq ft
larger lot
1 year newer
SOLD SEP 30, 2026
$410,000 Last sold price
2 beds2 baths1,262 sq ft
12631 Hodgson Ave, Cedar Key, FL 32625
$83/sq ft
larger lot
10 years older
SOLD SEP 1, 2026
$291,000 Last sold price
3 beds2 baths1,308 sq ft
12850 Whiddon Ave, Cedar Key, FL 32625
$186/sq ft
larger lot
73 years older

Contact listing agent

Angela Beckham

Cedar Key Realty, Inc.

904-206-1257

angiebeckham@me.com

At this time, Redfin doesn't have an agent available to help you with this home.

Early Access listings

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Land— sq ft

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Land— sq ft

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New listings for sale in 32625

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Details provided by DGLMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

Open houses

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 557 1st St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 557 1st St

Contact listing agent

Early Access listings

Nearby similar homes

New listings for sale in 32625

More real estate resources