581 First St
Cedar Key, FL 32625
- 2 Beds
- 2 Baths
- 2,482 sqft
2 Beds
2 Baths
2,482 sqft
Local Information
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Description
Great income producing property. Rare opportunity to own downtown in Cedar Key. Two apartments in an elevated building not affected by storm surge. One bedroom apartment upstairs, with full kitchen. Efficiency apartment below with walk in shower. Both have views of the Gulf and downtown area. House offers opportunity for rental income while you live upstairs or rent out both. Great rental history, convenient location close to everything.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 21, 2025
Home Highlights
Parking
Open Parking
Outdoor
Porch
View
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 581 First St
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MLS Status: Sale Closed |
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Interior Details Number of Rooms: 4Types of Rooms: Master Bedroom, Master Bathroom |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 2482 Square Feet |
Appliances & Utilities Appliances: Bar Fridge, Dishwasher, Disposal, Microwave, Microwave Hood, Electric Range, Refrigerator, Washer/Dryer StackedDishwasherDisposalLaundry: Laundry Closet,Laundry RoomMicrowaveRefrigerator |
Heating & Cooling Heating: Electric,Multiple UnitsHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Window: Single Hung Windows, BlindsFlooring: Tile |
Levels, Entrance, & Accessibility Levels: 2+ StoryFloors: Tile |
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Exterior Home Features Roof: MetalPatio / Porch: PorchOther Structures: Separate Entrance AptExterior: Balcony, LightingFoundation: Raised |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Side/Rear Entry,Under House,Brick,Concrete,Dirt,Shared Driveway |
Frontage Road Frontage: City StreetNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Topography: Level |
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Year Built Year Built: 2002 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Key West |
Building Construction Materials: HardiPlank Type, FrameNot Attached Property |
Property Information Parcel Number: 0851400400 |
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Price List Price: $499,900 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Cedar KeyCommunity: Cedar Key |
School Information Elementary School District: LevyJr High / Middle School District: LevyHigh School District: Levy |
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Building Area Building Area: 2482 Square Feet |
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Lot Area: 2613.6 sqft |
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Listing Terms: Cash, Owner May Carry |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: 789321Attribution Contact: 3525435581, carynd@gmail.com |
Last check for updates: about 17 hours ago
Listed by Lori Schleede, (352) 221-0572
Pelican Realty, (352) 543-5581
Bought with: Doris C Hellermann Pa, (352) 949-1575, Cedar Key Realty, Inc., (352) 543-9899
Source: Dixie-Gilchrist Levy Counties BOR, MLS#789321

Price History for 581 First St
| Date | Price | Event | Source |
|---|---|---|---|
| 11/21/2023 | $499,900 | Sold | Dixie-Gilchrist Levy Counties BOR #789321 |
| 10/25/2023 | $499,900 | Pending | Dixie-Gilchrist Levy Counties BOR #789321 |
| 10/06/2023 | $499,900 | Listed For Sale | Dixie-Gilchrist Levy Counties BOR #789321 |
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $8,516 |
| Assessment | $394,847 |
Home facts updated by county records
Comparable Sales for 581 First St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.18 | Single-Family Home | $385,000 | 11/18/25 | 3 | 2 | 3,102 | |
0.08 | Single-Family Home | $612,000 | 03/03/26 | 2 | 2 | 1,550 | |
0.26 | Single-Family Home | $600,000 | 03/03/26 | 3 | 2 | 3,196 | |
0.26 | Single-Family Home | $325,000 | 09/04/25 | 2 | 2 | 1,652 | |
0.22 | Single-Family Home | $302,000 | 03/23/26 | 2 | 2 | 800 | |
0.22 | Single-Family Home | $215,000 | 04/09/26 | 2 | 2 | 1,272 | |
0.26 | Single-Family Home | $325,000 | 05/21/26 | 2 | 2 | 938 | |
0.28 | Single-Family Home | $285,000 | 04/30/26 | 2 | 2 | 1,399 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 581 First 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
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
Homes for sale near 581 First St
Off Market Homes Near 581 First St

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.
Homes for rent near 581 First St
581 First St, Cedar Key, FL 32625 is a 2 bedroom, 2 bathroom, 2,482 sqft single-family home built in 2002. This property is not currently available for sale. 581 First St was last sold on Nov 21, 2023 for $499,900 (0% higher than the asking price of $499,900). The current Trulia Estimate for 581 First St is $481,700.

