Perched along the shimmering shoreline of Cedar Key, this gulf-front condominium delivers what discerning coastal buyers seek but rarely find: unobstructed, panoramic water views paired with true walkability to the heart of town. From morning light dancing across the Gulf to painted sunset skies, every moment on Cedar Key is framed by open water and the easy rhythm of island living. Positioned in what many consider the premier location on the island, this residence places you just steps from local dining, shopping, and the vibrant waterfrontyet feels worlds away with its elevated vantage point and sweeping views of birds and water. A dedicated parking space and golf-cart-friendly access ensure effortless movement from your front door to everything Cedar Key has to offer. Thoughtfully elevated for peace of mind, the property is undergoing a comprehensive restoration scheduled for completion in August 2026. The result will be essentially new construction within an established, high-demand complex: fresh drywall, a fully redesigned kitchen with granite counters, new appliances, updated flooring, modern paint finishes, and a reimagined bathall complemented by curated, high-quality coastal furnishings. A new HVAC system and in-unit washer and dryer add practical comfort to the refined aesthet?ic. If you hurry, you can select colors and other options! Beyond the residence, the community itself is being revitalized, highlighted by what is widely regarded as the best pool in townset gulf-side for uninterrupted water viewsand surrounded by refreshed landscaping that enhances both privacy and curb appeal. For investors, the opportunity is equally compelling: a proven, high-performing rental property with no usage restrictions, offering immediate income potential upon completion. A superior ROI means years of a high producing unit in your portfolio. For end users, its a turnkey coastal retreat or full-time residence where every detail has been addressed. Island Place 112 is a fully reimagined gulf-front condominium in one of Floridas most authentic waterfront communities. Come imagine the possibilities! Pictures indicate current condition as well as some pictures from prior to Sept 2024 to show how it can look when completed. Buyer may be able to select colors and options, depending on timing.
Listed By
Agency Name: Pelican Realty
Agency Phone: 3525435581
Shown By
Agency Title: Watson Realty Corp., REALTORS ®
Agency Phone: (866) 243-8193
Estimated Payment
$ 1,749.68 per month $1,470.48 Principal & Interest $194.92 Property Tax $84.29 Homeowner's InsuranceSend an email with a link to
550 1st St, Unit 112, Cedar Key, FL 32625.
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550 1st St, Unit 112, Cedar Key, FL 32625.
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550 1st St, Unit 112 | MLS# 799134
This condo located at 550 1st St, Unit 112, Cedar Key, FL 32625 is currently listed for sale with an asking price of $289,000. This property was built in 1982 and has 1 bedrooms and 1 full baths with 560 sq. ft. 1st St, Unit 112 is located in the The Island Place at Cedar Key subdivision within the Levy school district. Search The Island Place At Cedar Key real estate on www.watsonrealtycorp.com today.