581 First St, Cedar Key, FL 32625
OFF MARKET

581 First St
Cedar Key, FL 32625

  • 2 Beds
  • 2 Baths
  • 2,482 sqft

$481,700

Trulia Estimate
as of Jun 2, 2026
Est. Refi. Payment $3,079/mo*

$481,700

Trulia Estimate
as of Jun 2, 2026
Est. Refi. Payment $3,079/mo*
2 Beds
2 Baths
2,482 sqft

Local Information

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

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

Active Status

MLS Status: Sale Closed

Interior Features

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

Exterior Features

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

Property Information

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

Price & Status

Price
List Price: $499,900
Status Change & Dates
Possession Timing: Close Of Escrow

Location

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

Building

Building Area
Building Area: 2482 Square Feet

Lot Information

Lot Area: 2613.6 sqft

Offer

Listing Terms: Cash, Owner May Carry

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

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

DatePriceEventSource
11/21/2023$499,900Sold
Dixie-Gilchrist Levy Counties BOR #789321
10/25/2023$499,900PendingDixie-Gilchrist Levy Counties BOR #789321
10/06/2023$499,900Listed For SaleDixie-Gilchrist Levy Counties BOR #789321
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Property Tax and Assessment

Year2024
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

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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
    "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."
  • 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."
  • 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!"
  • 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!!"
  • 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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Apartments for Rent

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Homes for sale near 581 First St

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Off Market Homes Near 581 First St

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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

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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.