About This Home
This 4-bedroom, 2-bathroom residential multi family at 11918 State Rd 24 in Cedar Key, FL is listed for $849,000. on a 0.51 acres lot.
Key Features
- 0.51 acre lot
- Waterfront
Property Details
Amenities
Discover an incredible investment opportunity in the heart of Cedar Key with this rare waterfront multi-family home situated on 0.51 acres. Each side of this elevated duplex features 2 bedrooms and 1 bathroom, offering comfort, privacy, and strong rental appeal.
The property boasts 1,470 sq. ft. of cooled living space and 3,552 sq. ft. total, providing plenty of room for guests, family, or tenants. Perched directly on the water, this stilt-built home includes two covered parking spaces per unit, offering convenience and protection.
Residents and guests can enjoy the private dock, ideal for boating, fishing, paddleboarding, and taking in Cedar Key's unforgettable sunsets. Currently operating as a successful income-producing rental on multiple platforms, the home comes fully furnished, making it a true turn-key investment.
Whether you're looking to expand your rental portfolio or live on one side while renting out the other, this property offers tremendous flexibility. A standout feature of this property is its unique zoning, which may allow for the addition of up to four total units-a rare opportunity in Cedar Key.
Buyers are encouraged to perform their own due diligence to confirm buildability and expansion options. With spectacular water views, proven rental performance, and future development potential, this property offers endless possibilities for investors or owner-occupants seeking a slice of Cedar Key paradise.
Monthly Cost Estimate
$4,541/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11918 State Rd 24
Cedar Key, FL 32625
Not in Subdivision
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Appliances
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 11918 State Rd 24 is listed at $849,000. The estimated monthly payment is $4,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.51 acre lot, Waterfront. Interior Features: Blinds, Ceiling Fans, Laundry Closet. Exterior Features: Balcony, Barbeque, Covered Deck.
This property is listed by Krystal Wynans and can be reached at 3529497511.