433 2nd St, Cedar Key, FL 32625
FOR SALE

433 2nd St
Cedar Key, FL 32625

    $139,000

    Original price: $159,000
    Est. Mortgage $780/mo*
    Get Pre-Qualified

    $139,000

    Original price: $159,000
    Est. Mortgage $780/mo*
    Get Pre-Qualified

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    On Cedar Key's 2nd Street—where commerce, culture, and coastal life converge—stands a rare and consequential opportunity: a historic building dating to circa 1882, originally home to one of the town's earliest apothecaries. Time has rendered the structure in significant disrepair, and demolition may ultimately be required; however, what remains is something far more valuable than brick and mortar alone—a premier, zero–lot-line site in the very heart of historic downtown Cedar Key. The property's zero-lot-line configuration allows for maximum buildable frontage, offering exceptional flexibility for redevelopment in an area where footprint and frontage are paramount. Positioned directly on Main Street, the site enjoys constant pedestrian and vehicle visibility, making it ideally suited for high-impact commercial uses. Development potential includes destination restaurants, distinctive retail, professional offices, or motel-style accommodations designed to serve the area's steady flow of visitors. Panoramic water views are available with enough elevation of a new structure, including sunset as well as overlooking all of Dock Street to the south. Cedar Key is a well-established tourist destination, celebrated for its Old Florida character, waterfront charm, fishing heritage, and thriving arts and dining scene. The local community is notably supportive of thoughtful, well-executed development that enhances the town's vitality while respecting its historic fabric—creating a favorable environment for investors and developers with vision. Adding to the appeal, additional adjoining properties are available, presenting a rare chance to assemble a larger footprint for a cohesive project. These parcels open the door to dedicated parking, service access, or expanded commercial offerings—assets that are increasingly difficult to secure in historic downtown settings. Up to 3 consecutive lots fronting 2nd Street are available plus two more lots that currently features the famous (or infamous) L&M building. This is not merely a building; it is a blank canvas on one of Cedar Key's most prominent streets, surrounded by tourism-driven demand and local enthusiasm for progress. For development-minded buyers, this offering represents a singular opportunity to shape the next chapter of Main Street while capitalizing on one of Florida's most distinctive coastal markets. Buyers will pay all closing costs including documentary stamps on deed, title insurance, title search and closing fees, and recording of deed. Please ask for an estimate.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    View
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    132 days ago

    Home Details for 433 2nd St

    Active Status

    MLS Status: Active

    Interior Features

    Gas & Electric
    Electric: Electric - Central FL Coop

    Exterior Features

    Exterior Home Features
    Fencing: NoneOther Structures: None
    Frontage
    Road Frontage: City Street, MaintainedRoad Surface Type: PavedNot on Waterfront
    Surface & Elevation
    Topography: Sloping

    Days on Market

    Days on Market: 132

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Has Additional Parcels
    Property Information
    Parcel Number: 0857900000

    Price & Status

    Price
    List Price: $139,000
    Status Change & Dates
    Possession Timing: Close Of Escrow

    Media

    Location

    Direction & Address
    City: Cedar KeyCommunity: Cedar Key
    School Information
    Elementary School District: LevyJr High / Middle School District: LevyHigh School District: Levy

    Agent Information

    Listing Agent
    Listing ID: 796264

    Lot Information

    Lot Area: 3920.4 sqft

    Offer

    Listing Terms: Cash

    Mobile R/V

    Mobile Home Park
    Mobile Home Units: Feet

    Miscellaneous

    Mls Number: 796264Attribution Contact: 3525435581, carynd@gmail.com
    Last check for updates: about 1 hour ago
    Listing courtesy of Caryn Stephenson, (352) 228-0420
    Pelican Realty, (352) 543-5581
    Melinda Allen, (352) 222-8585
    Pelican Realty, (352) 543-5581
    Source: Dixie-Gilchrist Levy Counties BOR, MLS#796264

    Price History for 433 2nd St

    DatePriceEventSource
    02/02/2026$139,000PriceChange
    Dixie-Gilchrist Levy Counties BOR #796264
    01/21/2026$159,000PriceChange
    Dixie-Gilchrist Levy Counties BOR #796264
    12/27/2025$199,000Listed For SaleDixie-Gilchrist Levy Counties BOR #796264

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    Property Tax and Assessment

    Year2024
    Tax$1,409
    Assessment$42,824
    Home facts updated by county records

    Comparable Sales for 433 2nd St

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    TBD Dock St, Cedar Key, FL
    0.17
    Lot/Land
    $150,000
    01/06/26
    -
    -
    SW State Rd 24, Cedar Key, FL
    0.32
    Lot/Land
    $70,000
    12/09/25
    -
    -
    Lot 1 SW State Rd 24, Cedar Key, FL
    0.31
    Lot/Land
    $50,000
    12/16/25
    -
    -
    12310 Anchor Cove Dr, Cedar Key, FL
    0.98
    Lot/Land
    $72,500
    07/11/25
    -
    -
    12290 Anchor Cove Dr #7, Cedar Key, FL
    0.99
    Lot/Land
    $45,000
    05/01/26
    -
    -
    12290 Anchor Cove Dr, Cedar Key, FL
    0.99
    Lot/Land
    $45,000
    04/30/26
    -
    -
    State Rd 24, Cedar Key, FL
    0.93
    Lot/Land
    $185,000
    06/05/25
    -
    -
    Lot 12 Susan St, Cedar Key, FL
    1.31
    Lot/Land
    $165,000
    01/30/26
    -
    -

    Assigned Schools

    These are the assigned schools for 433 2nd St.

    What Locals Say about Cedar Key

    At least 4 Trulia users voted on each feature.

    • 100 % Say yards are well-kept

    • 100 % Say it's walkable to restaurants

    • 100 % Say they plan to stay for at least 5 years

    • 92 % Say it's dog friendly

    • 89 % Say people would walk alone at night

    • 88 % Say there's wildlife

    • 86 % Say kids play outside

    • 83 % Say there's holiday spirit

    • 78 % Say it's quiet

    • 71 % Say there are community events

    • 67 % Say parking is easy

    • 67 % Say it's walkable to grocery stores

    • 64 % Say streets are well-lit

    • 55 % Say neighbors are friendly

    • 54 % Say car is needed

    • 40 % Say there are sidewalks

    Learn more about our methodology.
    • Ckclamhouse
      "Easy commute to work 5 miles away. School zone is the only slow down when in session. Golf cart friendly community, so sometimes your commute may be slowed if you are behind a golf cart."
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    • Gravelsherriff
      "Long one road in one road out. Very little traffic with no curves. Straight as a gun barrel. One gas station about half way through the journey."
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    • sgwynans
      "I have lived here for over 34 years - my entire life - with an occassional move; I always come back. It's a great place to live and raise a family, retire, or just as a getaway from the hustle and bustle of the city. Cedar Key is a charming fishing village and haven for artists of all types. We have an excellent public school educating students from Pre-K to 12th grade. Cedar Key School is currently rated an A school - it feels more like a private school than public. Also, I have always had a sense of safety in our community; it's a place where some people still don't lock their doors. I love our town and the lovely people who live here!"
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    • Wifey
      "IF YOU ARE LOOKING FOR A TRUE SENSE OF COMMUNITY, GOOD OLD VALUES AND PEACE AND TRANQUILITY, THEN CEDAR KEY IS THE PLACE TO LIVE!!"
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    • Ed G.
      "CK is not built up like so much of the Gulf Coast of Florida. It's peaceful but there are some things to do (especially for the outdoors type of person). It's a long way to the WalMart for shopping and some things you take for granted in the cities aren't readily available. If you're a fisherman, a nature lover or a home body this a a great place. If you crave the night life then, for you, this is probably a weekend visit kind of place."
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    LGBTQ Local Legal Protections

    Caryn Stephenson, Pelican Realty, (352) 543-5581
    Agent Phone: (352) 228-0420
    IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
    433 2nd St, Cedar Key, FL 32625 is a lot/land. This property is currently available for sale and was listed by Dixie-Gilchrist Levy Counties BOR on Dec 27, 2025. The MLS # for this home is MLS# 796264.