505 3RD STREET
CEDAR KEY, FL 32625
About this home
Mixed-use restaurant property in Cedar Key just steps from the marina and coastal attractions. Fishbonz features an established restaurant space on the ground level, plus two finished apartments that provide rental income. Strong tourism traffic, walkable location, and limited commercial inventory make this an attractive owner-user or investment opportunity in a tightly held coastal market.
Facts & features
Interior
- Living area
- 2,330 sqft
- Cooling
- Mini-Split Unit(s), Other
Exterior & lot
- Lot size
- 3,755 sqft (0.09 ac)
- Construction
- Other
Financial
- Annual tax
- $2,289 (2025)
- Price / sqft
- $150/sqft
Property
- Property type
- Single Family
- Year built
- 1940
- Subdivision
- MAP/SOURN PART/CITY/CEDARY KEY
- County
- Levy
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR789202374
- Source
- Stellar MLS
Listed by Shasta Schoellhorn · COLDWELL BANKER M.M. PARRISH REALTORS
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 20 comparable sales within 3 miles of CEDAR KEY, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,863/mo
- Property tax
- $204/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| May 6, 2026 | Listed | $349,999 | — |
NeighbourhoodSample data
Reference scores for CEDAR KEY, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 505 3RD STREET, CEDAR KEY cost per month?
About $2,136 a month: $1,770 principal and interest, $191 property tax, $175 insurance. That assumes 20% down at 6.5% over 30 years.
Is 505 3RD STREET, CEDAR KEY priced fairly?
It is listed at $349,999. There are not enough recent comparable sales close by to put a range around that yet, so the asking price is the honest answer.
How does 505 3RD STREET, CEDAR KEY compare to nearby homes?
2 comparable properties within three miles. The nearest: 12301 CEDAR STREET, CEDAR KEY, FL at $349,000, 1,459 sq ft, 0.64 miles away; 16931 133RD STREET, CEDAR KEY, FL at $897,500, 2,612 sq ft, 1.2 miles away.
How long has 505 3RD STREET, CEDAR KEY been on the market?
1 day on the market.
Has the price of 505 3RD STREET, CEDAR KEY changed?
The price has not moved since it was listed.
How big is 505 3RD STREET, CEDAR KEY?
null bed, null bath, 2,330 square feet. That is $150 a square foot.
What year was 505 3RD STREET, CEDAR KEY built?
Built in 1940.
What is the HOA fee at 505 3RD STREET, CEDAR KEY?
The feed lists no association fee for this property.
What are the property taxes at 505 3RD STREET, CEDAR KEY?
Property tax works out to about $191 a month, $2,289 a year.
Is 505 3RD STREET, CEDAR KEY still available?
It is still on the market.
Similar homes nearby
Homes for sale in CEDAR KEY within the same price band.
