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$459,000

Wow!! Looking for a terrific vacation rental investment? This two-unit home in downtown historic Cedar Key, Florida, is for you! With a bedroom, bath and kitchenette on each floor, you can rent this property as one unit for four people, or as two double units, separately. This home is elevated for flood safety--but wow--the elevation really extends the water view! Perched just steps from popular "Dock Street" and its restaurants, bars, fishing pier, and outdoor fun, this location is perfect! Just a few steps in the other direction, and you will be at the coffee shop, smoothie joint, library, Art Center or "Main Street" art and gift shops. City Park is just 1.5 blocks away, with its beach, picnic pavilions, sports court and playground. Rent a kayak there and explore the natural surroundings the island is known for. Oh my--location, location, location! Tastefully decorated, this unit recently enjoyed a refreshing update. Continue with the current independent local vacation rental management company, and you will be set to begin cashing in on closing day. Visit as often as you like, and make rental income when you are away--the very best scenario!

2 Beds ⋅ 2 Baths ⋅ 790344 MLS

549 1st St, Cedar Key

$529,000

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.

2 Beds ⋅ 2 Baths ⋅ 796258 MLS

557 1st St, Cedar Key

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