11918 State Rd 24, Cedar Key, Florida, 32625

Sewer: Public Sewer
Parking Features: Off Street
Exterior Features: Balcony, Dock
Patio And Porch Features: Deck
Road Frontage Type: State Road

$849,000

1,470 Sqft

0.51 Acres

4 bd

2 ba

#799534

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.