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82 2nd St, Cedar Key, FL, 32625

1beds
1baths
480sqft
$139,900
$291price/sqft
$1,039/moest. monthly cost
$41,560/yrincome needed

About This Home

Here's a perfect, affordable opportunity for a water front Florida island investment property! This recently remodeled third-floor loft bedroom condominium in historic Cedar Key overlooks the sparkling Gulf, where you can watch seabirds soar, and bottlenose dolphins at play! You will love spending time on the covered balcony, sipping your favorite beverages, listening to your favorite tunes, and soaking up the spectacular views of unspoiled saltwater wildlife! Located downtown, you will be just steps to the City Park, playground and beach right next door, and restaurants, bars, shops and everything the island has to offer in just minutes. A morning stroll will land you at one of the island's coffee shops, or the bakery for a fresh-baked muffin and steaming coffee. Take an afternoon walk down "Main Street" and enjoy a cone of hand-dipped ice cream or a glazed donut. Tour around town in a golf cart, and don't forget to slow down to watch the sun dip below the watery horizon at sunset. Want to enjoy the beckoning salt water? Launch your kayak from the beach next door and paddle around the island, exploring the mangrove tunnels and shell banks, or even go over to the island across the channel in the distance and walk the paths of settlers more than a century ago. If you are a boater, the public boat ramp is only two blocks away, and fishing spots galore await you! A private picnic on an uninhabited island is a terrific way to spend a day! Cedar Cove Efficiency Condos are terrific for investors, since they limit owner use to four months per year--you choose the days. When you are not here, put the unit in a vacation rental management program, and let it generate cash to offset the cost. It's a win-win! Check out this beautifully renovated loft unit today!

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Coastal
  • Roof: Metal
  • Construction materials: Wood Siding,Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Electric Range,Range Hood

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Ceiling Fan(s),Elevator,Laminate Counters,Wood Cabinets,High Ceilings
  • Door features: Other Windows/Doors,Sliding Doors
  • Window features: Other Windows/Doors
  • Flooring: Luxury Vinyl Planking,Tile
  • Fireplace features: None

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 480
  • Total interior livable area: 480 sqft

Master Bathroom

  • Features: Shower Only

Master Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 176400000

Features

  • Levels: 2+ Story
  • Exterior features: Balcony
  • On waterfront: Yes
  • Waterfront features: Seawall
  • Waterbody name: Gulf of Mexico
  • Topography of land: Level

Lot

  • Features: Irregular Lot,Partially Landscaped,Flood Plain

Parking

  • Parking features: Open
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Lightning
    LightningVery High
  • Hurricane
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Lightning
Hurricane
Cold Wave
Tornado
Wildfire
Tsunami

FEMA Declared Disasters in Levy County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $707$8,484
Home Insurance *$60$720
Property Taxes $75$900
Electricity $197$2,366
Total$1,039$12,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,622/yr
40% on housing$31,170/yr
45% on housing$27,706/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.9%
13.9%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.0%
5.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$291This listing

vs Other Active Listings

Avg $/sqft

ZIP 32625$209
Levy County$228

vs Homes Sold Last Month

Median $/sqft

ZIP 32625$301
Levy County$192

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Listed for sale$139,900
2014-11-20Sold$59,900

For Sale by Agent

AgentVanessa Edmunds
BrokerageCedar Key Realty, Inc.

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