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$849,000

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.

4 Beds ⋅ 2 Baths ⋅ 799534 MLS

11918 State Rd 24, Cedar Key

$1,900,000

Welcome to this spacious 6 bedroom, 5 bathroom coastal retreat offering the perfect blend of personal enjoyment and rental income potential. Situated on deep water with multiple boat lifts and ample dockage, this property is a dream for boating and fishing enthusiasts—with a short ride to the mouth of the Gulf. Designed with flexibility in mind, the home features a fully functional downstairs living space complete with a private bedroom, bathroom, and kitchen—ideal for separate rental income, guest accommodations, or multi-generational living. Live in one area while generating income from the other. Enjoy outdoor living at its finest with a beautifully covered deck, outdoor kitchen, and an upstairs screened-in balcony—perfect for taking in the coastal breeze. Inside, the main kitchen offers granite countertops, abundant cabinetry, and generous storage throughout. Additional features include two separate laundry rooms (upstairs and downstairs) for added convenience, and a location that puts you just a short golf cart ride from local marinas, restaurants, and everything Steinhatchee has to offer. Whether you're looking for a full-time residence, vacation getaway, or high-performing rental investment—this property checks all the boxes.

6 Beds ⋅ 5 Baths ⋅ 799086 MLS

618 Se Riverside Dr, Steinhatchee

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