Cedar Key Homes under $500,000

Cedar Key Homes under $500,000

Welcome to Cedar Key, Florida, a hidden gem nestled in Levy County that offers a unique blend of coastal charm and small-town warmth. Known for its stunning sunsets, rich history, and vibrant arts scene, Cedar Key is the perfect destination for those seeking a tranquil lifestyle by the water. With its picturesque views of the Gulf of Mexico and an abundance of outdoor activities—like fishing, kayaking, and birdwatching—this quaint island community invites you to embrace the beauty of nature.

Cedar Key is not just a paradise for nature lovers; it’s also a place where you can find your dream home without breaking the bank. With a variety of homes available under $500,000, Cedar Key offers excellent opportunities for first-time buyers, retirees, and anyone looking to invest in a serene coastal lifestyle. From charming cottages with rustic character to modern homes with stunning water views, there’s something for everyone in this delightful town.

The community is known for its friendly atmosphere, where neighbors become friends and local events bring everyone together. Enjoy fresh seafood from local restaurants, explore art galleries showcasing talented local artists, or simply take a leisurely stroll along the scenic waterfront.

Whether you’re looking for a year-round residence or a seasonal getaway, Cedar Key’s affordable housing options make it an ideal choice for anyone eager to experience the magic of Florida’s coast. Come discover why Cedar Key is not just a place to live, but a way of life!

Newest Cedar Key Homes under $500,000

4051 D Street, Cedar Key
$495,000
6 Beds ⋅ 4 Baths ⋅ OM730985 MLS
Virtually Staged. Opportunity is knocking in the heart of Cedar Key! Bursting with character, flexibility, and income-producing potential, 4051 D Street is a truly unique mixed-use property where business and coastal living come together. Currently operating as a property management office with rental units, the property has also previously served as a charming coffee shop and veterinary office—showcasing just how adaptable this one-of-a-kind space can be. The residential accommodations have an impressive mix of four units: a detached two-bedroom, one-bath residence with a bathtub; two one-bedroom, one-bath units with showers; and an additional two-bedroom, one-bath unit with a shower. This varied layout opens the door to countless possibilities, from short- or long-term rentals and employee housing to professional offices, retail, hospitality, or an exciting live-work concept. Bring your vision and make this property your own—open the business you have always dreamed of, expand your investment portfolio, or create a destination that captures the unmistakable charm of Cedar Key. With multiple income streams and room for fresh ideas, this is much more than a property—it is an opportunity waiting to happen. Commercial uses are subject to applicable zoning and approvals.

4051 D Street, Cedar Key
10550 Sw 52nd Place, Cedar Key
$410,000
2 Beds ⋅ 2 Baths ⋅ GC542600 MLS
Virtually Staged. Virtually Staged. Peaceful Country Living on 9.5 Acres Near Cedar Key! Enjoy privacy and plenty of room to spread out with this charming 2-bedroom, 2-bath concrete block home in Rosewood, Florida. Surrounded by natural beauty and abundant wildlife, this property offers a relaxed rural setting while still being within easy reach of shopping, recreation, and the Nature Coast. This home offers a comfortable open floor plan with a fully equipped kitchen, ample cabinetry, breakfast bar, and adjoining dining area. Recent updates include a NEW METAL ROOF (2025), NEW HVAC SYSTEM (2024), NEW WATER HEATER (2026), NEW WELL TANK (2026), NEW WATER SOFTENER (2026), and NEW WELL PUMP & CARBON FILTER (2022). Fresh interior paint and LED lighting add a bright, modern feel, while a thoughtfully renovated closet provides improved organization and functionality. The property also includes an extra brand-new well pump, pressure tank, and chlorine pump, along with a generator-ready subpanel for added convenience during power outages. Two wells provide additional versatility and peace of mind, making this a well-maintained and thoughtfully updated home. The property also offers exceptional parking and storage, with a 2-car attached garage, an 18' x 20' carport, a 16' x 24' detached garage/shop with concrete parking pad, and a 40' x 80' lime rock pad ready for a pole barn. A separate 480-square-foot air-conditioned workshop/office, built in 2024, provides flexible space for an office, studio, hobbies, equipment, or storage. Just a short drive from Chiefland, the Suwannee River, and Cedar Key, where fishing, boating, and small-town coastal charm await. BONUS: The home has an assumable mortgage, subject to lender approval and buyer qualification.

10550 Sw 52nd Place, Cedar Key
6150 Sw 126th Avenue, Cedar Key
$372,900
3 Beds ⋅ 2 Baths ⋅ O6422136 MLS
Private 10-Acre Rural Homestead Near Cedar Key Discover the privacy and potential of this exceptional 10-acre rural property located at the end of a quiet dead-end road just minutes from Cedar Key and approximately 6 miles inland from the Gulf Coast. Surrounded by the natural beauty of nearby conservation lands and state forests, this property is a peaceful setting for those seeking a country lifestyle with modern conveniences already in place. The property includes a 1,288-square-foot home built in 1979 and is equipped with a private well, septic system, electricity, and high-speed fiber internet, making it ready for immediate use. Approximately five acres are fenced, excellent opportunities for livestock, gardening, recreational activities, or establishing a homestead. Additional improvements include a detached two-car garage/workshop, multiple storage buildings, and a single-wide structure currently utilized for storage. A solar-powered structure on a permanent foundation provides flexible space that could serve as a home office, studio, hobby room, or other permitted uses. Mature trees throughout the property provide shade, privacy, and a picturesque natural landscape. Whether you're looking for a full-time residence, weekend retreat, investment opportunity, or private homestead, this versatile property has endless possibilities while remaining conveniently close to Cedar Key's renowned fishing, boating, waterfront dining, and outdoor recreation. Buyer to verify all measurements, zoning, permitted uses, and property improvements.

6150 Sw 126th Avenue, Cedar Key
7890 Sw 129th Avenue, Cedar Key
$455,000
3 Beds ⋅ 2 Baths ⋅ OM724091 MLS
Welcome to this nearly new 2023 block home located in a desirable homes-only, deed-restricted community in Cedar Key! Offering 3 bedrooms, 2 bathrooms, and 1,912 square feet of living space (3,088 total under roof), this home blends quality construction with thoughtful design and modern finishes. Step inside to an open-concept living, dining, and kitchen area featuring soaring 10’8” ceilings and durable luxury vinyl plank flooring throughout. The kitchen is designed for both function and style with white shaker cabinets, quartz countertops throughout, a spacious walk-in pantry with custom wood-stained shelving, and an impressive 8-foot island perfect for entertaining. The primary suite is a true retreat, complete with a tray ceiling, oversized walk-in closet, and a luxurious ensuite bath featuring an 8-foot vanity with a linen cabinet and a custom tile walk-in shower. The guest bathroom is equally well-appointed with a custom tile tub/shower combination. Additional interior features include a dedicated laundry room with tile floors, cabinetry, and built-in shelving for added convenience and storage. Enjoy outdoor living on the screened-in porch overlooking a huge fenced backyard—ideal for pets, gatherings, or future additions. The home also features elegant travertine steps and front porch, a carport, and a gravel driveway all tied in together with beautiful landscaping. A standout feature is the 12x16 detached shop, fully finished with drywall, LVP flooring, and air conditioning—perfect for a home office, gym, or hobby space. Located in Flood Zone X for added peace of mind, this property offers both comfort and convenience in a quiet Cedar Key setting.

7890 Sw 129th Avenue, Cedar Key
82 2nd Street Unit D5, Cedar Key
$119,900
1 Beds ⋅ 1 Baths ⋅ TB8501463 MLS ⋅ 1 BLDG.
**HOA Includes Insurance!** Welcome to your slice of paradise in Cedar Key! This beautifully renovated waterfront condo offers the perfect blend of personal getaway and income-producing opportunity—enjoy up to 120 days per year for yourself and rent it out the rest of the time. Step inside to coastal charm, where French doors lead to your private balcony with breathtaking water views. This turnkey unit comes fully furnished, making it truly move-in or rent-ready. Unwind in comfortable, stylish spaces or prepare meals in the full kitchen featuring a refrigerator, stove, oven, and microwave. Ceramic tile flooring and fresh interior paint create a clean, modern coastal feel throughout. Convenience is key, with elevator access just steps away for easy day-to-day living. Cedar Key is a dream destination for nature lovers and outdoor enthusiasts. From bird watching and fishing to boating and kayaking, adventure awaits at every turn. The public beach, marina, and boat ramp are all nearby, along with scenic nature trails, state parks, and wildlife refuges. Immerse yourself in the island’s vibrant arts scene, with local galleries, studios, and events showcasing the creativity and charm of this unique coastal community. **Highlights:** MESMERIZING WATER VIEWS, BRAND NEW FRONT DOOR, FULLY FURNISHED, ELEVATOR ACCESS, PROXIMITY TO PUBLIC BEACH, EASY ACCESS TO MARINA AND BOAT RAMP, NATURE LOVER’S PARADISE, VIBRANT ARTS AND CULTURE SCENE **Investment Opportunity:** This property is a condominium hotel (“condotel”) with owner-use limitations (currently up to 120 days per year) and rental-focused guidelines. Financing and insurance options may differ from traditional condos. Buyers are encouraged to review all association rules and details. See Condotel Disclosure Addendum for more information. This waterfront condo offers comfort, convenience, and coastal living at its best—don’t miss your chance to own a piece of Cedar Key while generating income at the same time!

82 2nd Street Unit D5, Cedar Key
850 3rd Street Unit 2, Cedar Key
$264,900
2 Beds ⋅ 2 Baths ⋅ OM722059 MLS ⋅ Tres Palmas #2 BLDG.
Significant Price Improvement- Fully Furnished & Move-In Ready Waterfront Cedar Key Condo! Enjoy sweeping open water views and breathtaking sunsets from your private balcony in beautiful Cedar Key. This stunning 2BR/2BA condo with loft offers 3 levels of coastal charm, soaring ceilings, abundant natural light, and an open airy feel that perfectly captures island living. Enjoy a bright and efficient kitchen with all appliances included, spacious living areas, newer A/C, and a rare 1 car garage for added convenience-perfect for storing your golf cart, fishing gear, or kayak with easy access to the water just steps away. The loft adds flexible space for guests, office or additional living area. Just minutes by golf cart to downtown restaurants, boutiques, fishing and the laid-back coastal lifestyle Cedar Key is known for. HOA includes exterior maintenance and flood insurance making ownership easy and stress-free. Unforgettable front-row sunsets, island charm and the relaxed lifestyle you've been dreaming of-this is Cedar Key at its best.

850 3rd Street Unit 2, Cedar Key
11 Old Mill Drive Unit 9C, Cedar Key
$354,900
2 Beds ⋅ 2 Baths ⋅ GC537298 MLS ⋅ 9c BLDG.
COASTAL CHARM MEETS MODERN LUXURY IN CEDAR KEY, FLORIDA! Discover your own slice of paradise at Old Fenimore Mill, where the timeless beauty of Old Florida meets the comfort of modern coastal living! This beautifully remodeled 2-bedroom, 2-bathroom condo offers an exceptional opportunity to enjoy the relaxed waterfront lifestyle Cedar Key is known for. Tucked away in this charming coastal community, you'll find locally owned shops, restaurants, coffee shops, and the peaceful atmosphere that makes Cedar Key such a special place to call home. Step inside this immaculate, move-in-ready condo and immediately appreciate the attention to detail, beautiful tile flooring throughout, and abundance of natural light. The thoughtfully designed floor plan features a welcoming foyer, conveniently located guest bathroom, and inviting guest bedroom filled with Florida sunshine. The spacious primary suite offers a walk-in closet and beautifully appointed bathroom featuring a makeup vanity and tub/shower combination. A dedicated laundry room includes a stacked washer and dryer with additional storage space. The heart of the home is the stunning remodeled kitchen, featuring elegant quartz countertops, a coastal-inspired backsplash, smart stove, convenient additional outlets along the breakfast bar, and an open layout overlooking the dining and living areas. The spacious living room showcases breathtaking coastal views, creating the perfect setting for relaxing or entertaining. Step outside onto your private balcony, where the sights and sounds of the Gulf of Mexico, coastal wildlife, and refreshing breezes invite you to slow down and stay awhile. Residents of Old Fenimore Mill enjoy wonderful community amenities, including a swimming pool, hot tub, boat dock, fish cleaning station, and outdoor swing overlooking the beautiful surroundings. Whether you're searching for a full-time residence, seasonal coastal retreat, or potential short-term rental investment, this beautifully updated condo offers the convenience of low-maintenance living in one of Florida's most treasured coastal communities.

11 Old Mill Drive Unit 9C, Cedar Key
6550 Sw 100th Court, Cedar Key
$365,000
2 Beds ⋅ 3 Baths ⋅ GC535029 MLS
30 Acres Near Cedar Key, FL | Fully Furnished Hunting Retreat | Minutes to Hunt Clubs & Gulf Fishing. If you’re an avid hunter who enjoys peace, quiet, and the convenience of having your own private retreat, this 30-acre property is the perfect fit. This rustic lodge is ideally located just minutes from several large hunt clubs in Levy County, making it a dream setup for any outdoorsman. Only 6.5 miles away, the charming coastal town of Cedar Key offers access to the Gulf of Mexico’s best fishing, dining, and small-town coastal charm. Inside, the spacious cabin features a large open kitchen, living, and dining area ideal for gathering with family and friends. There are two bedrooms with private full baths. Most furnishings will convey with the property, excluding select personal items the seller will be keeping. After a long day in the woods or on the water, unwind on the front porch, the perfect place to relax and swap hunting stories as the sun sets. Whether you’re looking for a weekend hunting camp or a forever home in the country, this property delivers the best of both worlds.

6550 Sw 100th Court, Cedar Key
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