About This Home

This 3-bedroom, 2-bathroom single family at 490 2nd St in Cedar Key, FL is listed for $459,000 ($159 per sqft). Built in 1930, the home offers 2,880 sqft of living space on a 0.15 acres lot.

Key Features

  • Built in 1930
  • 0.15 acre lot

Property Details

2 full
1930

Amenities

Solar
Listing Description

This is a rare opportunity to own a property in the HEART of historic Cedar Key, Florida! This historic structure, previously a private home, had been utilized as the Cedar Key City Hall for many years. Hurricane flooding and resulting damages spurred the City to move offices to an already-owned building on high ground, in order to forego repairs and to provide municipal services without interruption in the future.

The decision has been made to remain in the new building, so the Old City Hall building is available for purchase! You cannot ask for a better location for a downtown home, a business, or a vacation rental. With a future land use designation of Mixed Use, you could both have a business here, AND live at this location!

The building was stripped to dry and prevent mold, and the floor has been removed. The extensive rooftop solar array is still in place. Three entrances make multiple use easy to accommodate. If you want a great spot to provide an easily-accessible island business, here's your chance.

The island is still in need of a replacement grocery store, and the City Commission, acting as the CRA Board, recently decided that they are creating a CRA grant for up to $150,000 for a downtown grocery. What a way to offset some of the restoration expense and provide a much-needed local essential business! Call to take a look today!

Monthly Cost Estimate

$2,455/mo

20% down · 6.5% · 30 years

Principal$332
Interest$1,989
Insurance$134

Estimates only. Actual payments may vary.

Location

490 2nd St

Cedar Key, FL 32625

Features & Amenities

Exterior Features

Covered PorchGutters/DownspoutsOutdoor Lights

Property Details

Construction

Frame

Outdoor Features

Porch

Parking

Open

Heating

Electric (Heating)Central

Questions & Answers

This 3-bedroom, 2-bathroom single family at 490 2nd St is listed at $459,000 ($159/sqft). The estimated monthly payment is $2,455 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.15 acre lot. Exterior Features: Covered Porch, Gutters/Downspouts, Outdoor Lights.

This property is listed by Vanessa Edmunds and can be reached at 3522101155.

VE

Vanessa Edmunds

Agent at Cedar Key Realty, Inc.

(352) 210-1155

Listed by Cedar Key Realty, Inc. · Broker phone: (352) 543-9899 · View on Broker Site · Broker website

MLS# 800091· Source: Dixie-Gilchrist-Levy Multiple Listing Service· 7 days on PropertySimple

Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

490 2nd St, Cedar Key, FL 32625

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