Are yards well-kept in Cedar Key, FL?

As of early 2026, 100% of users say yards are well-kept

Is Cedar Key, FL walkable to restaurants?

As of early 2026, 100% of users say it's walkable to restaurants

Do residents of Cedar Key, FL plan to stay at least 5 years?

As of early 2026, 100% of users say they plan to stay for at least 5 years

Is Cedar Key, FL dog-friendly?

As of early 2026, 92% of users say it's dog friendly

Would people walk alone at night in Cedar Key, FL?

As of early 2026, 89% of users say people would walk alone at night

Is there wildlife in Cedar Key, FL?

As of early 2026, 88% of users say there's wildlife

Do kids play outside in Cedar Key, FL?

As of early 2026, 86% of users say kids play outside

Does Cedar Key, FL show holiday spirit?

As of early 2026, 83% of users say there's holiday spirit

Is Cedar Key, FL quiet?

As of early 2026, 78% of users say it's quiet

Are there community events in Cedar Key, FL?

As of early 2026, 71% of users say there are community events

Is parking easy in Cedar Key, FL?

As of early 2026, 67% of users say parking is easy

Is Cedar Key, FL walkable to grocery stores?

As of early 2026, 67% of users say it's walkable to grocery stores

Are the streets well-lit in Cedar Key, FL?

As of early 2026, 64% of users say streets are well-lit

Are neighbors friendly in Cedar Key, FL?

As of early 2026, 55% of users say neighbors are friendly

Is a car needed in Cedar Key, FL?

As of early 2026, 54% of users say car is needed

Does Cedar Key, FL have sidewalks?

As of early 2026, 40% of users say there are sidewalks

OFF MARKET

550 1st St #U101
Cedar Key, FL 32625

1 Bed
1 Bath
560 sqft

$214,400

Trulia Estimate

as of Aug 5, 2026

Est. Refi. Payment $1,459/mo*

Refinance Your Home

$214,400

Trulia Estimate

as of Aug 5, 2026

Est. Refi. Payment $1,459/mo*

Refinance Your Home

1 Bed

1 Bath

560 sqft

Local Information

Map ViewExplore the area around 550 1st St #U101.
Schools1 Preschool School3 Elementary Schools4 Middle Schools4 High Schools
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Property Type

Condo

Year Built

1982

Living Area

560 sqft

Price/Sqft

$383

About this House

Island Place at Cedar Key has just undergone major renovations. Still to come is the new landscaping which should be completed this summer. Island Place condos are very near Dock Street in Cedar Key, where many of the restaurants and small stores are. Restaurants on 2nd Street and local grocery store are within east walking distance.
Condo assn. dues are payable quarterly, not monthly, at $1500.00 per quarter. Unit 101 has a beautiful view of the Gulf from the porch. Gorgeous new decking on the porches is only part of the renovations. New Hardie board siding on the buildings. Unit has a brand new HVAC system. Rentals are managed by our property manager, Selling agent protected.

550 1st St #U101, Cedar Key, FL 32625 is a 1 bedroom, 1 bathroom, 560 sqft condo built in 1982. It last sold for $238,000 on May 23, 2024. It is currently off market. The Trulia Estimate is $214,400, with a rent estimate of $1,306/month.

Home Details for 550 1st St #U101

Exterior Features
Exterior Home Features Roof: MetalExterior: Cement ConcretePatio
Pool Pool
Parking & Garage Parking Space: 1Parking: Off Street

Property Information
Year Built Year Built: 1982Year Updated: 2017
Property Type / Style Property Type: Condo

Interior Features
Interior Details Number of Rooms: 4Ceiling Fan
Appliances & Utilities Cable ReadyDishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility Floors: Tile

Community
Units in Building: 1

Price History for 550 1st St #U101

Date	Price	Event	Source
05/23/2024	$238,000	Sold	N/A
Recording Date 05/23/2024 Contract Date 05/08/2024 County Transfer Tax N/A Total Transfer Tax $17
03/24/2021		ListingRemoved	N/A

06/26/2018	$110,000	Sold	N/A
Recording Date 06/26/2018 Contract Date 06/25/2018 County Transfer Tax N/A Total Transfer Tax $770
03/05/2018	$114,500	Listed For Sale	N/A

07/20/2011	$79,000	Sold	N/A
Recording Date 07/20/2011 Contract Date 07/13/2011 County Transfer Tax $553 Total Transfer Tax N/A
03/02/2006	$230,000	Sold	N/A
Recording Date 03/02/2006 Contract Date 02/14/2006 County Transfer Tax $1,610 Total Transfer Tax N/A

Market trends in Cedar Key

Last updated June 2026

Avg. sale price

—

Sale-to-List Price

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Price per sq ft

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Available listings

5MoM

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Property Tax and Assessment

Year	2024
Tax	$3,478
Assessment	$212,500

Home facts updated by county records

Comparable Sales for 550 1st St #U101

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
550 1st St UNIT 202, Cedar Key, FL	0.03	Condo	$250,000	06/01/26	1	1	560
211 2nd St UNIT 230, Cedar Key, FL	0.21	Condo	$133,000	09/03/25	1	1	480
7041 Depot St #A-102, Cedar Key, FL	0.28	Condo	$279,000	04/02/26	1	1	810
82 2nd St UNIT 311, Cedar Key, FL	0.28	Condo	$128,000	11/14/25	1	1	480
82 2nd St UNIT 314, Cedar Key, FL	0.28	Condo	$125,000	06/09/26	1	1	480
550 1st St #U202, Cedar Key, FL	0.00	Condo	$250,000	07/01/26		1	560
550 1st St UNIT 214, Cedar Key, FL	0.03	Condo	$265,357	06/29/26	2	2	960
11 Old Mill Dr UNIT 10-f, Cedar Key, FL	0.35	Condo	$275,000	01/06/26	2	2	1,038
7041 Depot St UNIT A-101, Cedar Key, FL	0.27	Condo	$350,000	10/16/25	2	2	1,080
7041 Depot St UNIT B-104, Cedar Key, FL	0.28	Condo	$345,000	06/11/26	2	2	1,080

Nearby homes

Get a sense of prices in the area by checking nearby homes.

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OFF MARKET
Est. $188,500
2 bd
1.5 ba
1,152 sqft
511 1st St,
Cedar Key, FL 32625
Non-Member
SOLD
MAY 29, 2026
$225,000
2 bd
1.5 ba
1,352 sqft
513 1st St UNIT 3,
Cedar Key, FL 32625
Pelican Realty
OFF MARKET
Est. $200,200
1 bd
1 ba
672 sqft
550 1st St UNIT 105,
Cedar Key, FL 32625
Pelican Realty
FOR SALE
3D VIEW
$479,000
2 bd
2 ba
1,240 sqft
549 1st St,
Cedar Key, FL 32625
Cedar Key Realty, Inc.
FOR SALE
3D VIEW
$529,000
2 bd
2 ba
1,296 sqft
557 1st St,
Cedar Key, FL 32625
Cedar Key Realty, Inc.
OFF MARKET
Est. $237,000
1 bd
1 ba
560 sqft
550 1st St UNIT 110,
Cedar Key, FL 32625
Pelican Realty
OFF MARKET
Est. $179,200
1 bd
1 ba
560 sqft
550 1st St UNIT 203,
Cedar Key, FL 32625
Pelican Realty
OFF MARKET
Est. $202,500
1 bd
1 ba
560 sqft
550 1st St UNIT 101,
Cedar Key, FL 32625
Pelican Realty
FOR SALE
$289,000
1 bd
1 ba
560 sqft
550 1st St UNIT 112,
Cedar Key, FL 32625
Pelican Realty
FOR SALE
3D VIEW
$499,000
2 bd
3 ba
1,296 sqft
573 1st St,
Cedar Key, FL 32625
Pelican Realty
OFF MARKET
Est. $478,800
2 bd
2 ba
2,482 sqft
581 First St,
Cedar Key, FL 32625
Pelican Realty
SOLD
JUN 1, 2026
$250,000
1 bd
1 ba
560 sqft
550 1st St UNIT 202,
Cedar Key, FL 32625
Cedar Key Realty, Inc.

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Additional Cost

Assigned Schools

These are the assigned schools for 550 1st St #U101.

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Sourced by Trulia users. Learn more about our methodology.

Ckclamhouse
Resident
2y ago
"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
Visitor
7y ago
"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
12y ago
"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
12y ago
"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.
15y ago
"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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