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    11918 State Road 24 Cedar Key, FL 32625

    For Sale
    $875,000

    Traditional, Multi-Residential - Cedar Key, FL

    Property size:
    1,470 SF
    Lot size:
    0.51 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 11918 State Road 24

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    APN
    0036300000
    Parking features
    Driveway, Off Street, Open
    Patio and Porch features
    Deck
    Interior features
    Blinds, Ceiling Fans, Laundry Closet, Laundry/Utility Room, Dishwasher, Microwave Hood, Refrigerator, Trash Compactor
    Exterior features
    Balcony, Barbeque, Covered Deck, Open Deck, Outdoor Lights
    Dock
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Trash Compactor, Washer
    Size
    1,470 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Water front features
    Seawall, Waterfront, 82 Feet Of Waterfront
    Water front
    1

    Building Details

    Number of units
    2
    Flooring type
    Tile, Vinyl
    Roof type
    Metal
    Architectural style
    New Traditional

    Hatcher Realty Services, Inc. (352) 498-5151 [email protected]

    Listing agent Krystal Wynans (352) 498-5151

    Listing date Nov 19, 2025

    MLS# 796091 Listing URL

    Copyright © 2025 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.

    Overview

    Waterfront Duplex in Cedar Key

    This waterfront multi-family home in Cedar Key presents an investment opportunity. Situated on 0.51 acres, this elevated duplex features two units, each with 2 bedrooms and 1 bathroom. The property includes 1,470 sq. ft. of cooled living space and a total of 3,552 sq. ft. The stilt-built home includes two covered parking spaces per unit. A private dock allows for boating, fishing, and paddleboarding. The home is currently operating as a successful income-producing rental and comes fully furnished. The property's zoning may allow for the addition of up to four total units. Buyers are encouraged to perform their own due diligence to confirm buildability and expansion options. The property is located in Cedar Key, FL 32625.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Wholesale Shop Hotel & Motel Convenience Store Travel Agency Fish Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Key
    County
    Levy
    State
    Florida
    Longitude
    -83.0309991
    Latitude
    29.1537072

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    FAQs

    What type of property is this?
    Duplex - Waterfront duplex on 0.51 acres, a turn-key rental property.
    Where is this duplex located?
    The property is located at 11918 State Road 24 Cedar Key, FL.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Rare waterfront multi-family home on 0.51 acres in Cedar Key.; - Proven income-producing rental property, fully furnished and turn-key.; - Unique zoning potentially allows for up to four total units.
    (352) 498-5151
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11918 State Road 24 Cedar Key, FL 32625
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