Submit an Offer Now!
All fields are required.
12685 State Road 24, CEDAR KEY, FL 32625
Request More Information
  • All fields are required.
  • MLS#: V4940167 ( Commercial Sale )
  • Street Address: 12685 State Road 24
  • Viewed: 1
  • Price: $425,000
  • Price sqft: $141
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf/Ocean to Bay
  • Year Built: 1956
  • Bldg sqft: 3008
  • Days On Market: 5
  • Additional Information
  • Geolocation: 29.1428 / -83.0342
  • County: LEVY
  • City: CEDAR KEY
  • Zipcode: 32625
  • Subdivision: Coronet Park
  • Provided by: YOUR REALT
  • Contact: Tracey Sandell
  • 386-846-0184
  • mfrmls
  • DMCA Notice
  • Description
    It is time to enjoy your dream of owning a business steeped in Old Florida charm and history come to fruition in Cedar Key, a chain of barrier islands known to be a nature lovers oasis! This property zoned for commercial hotel/motel use allows for the full time occupancy of an owner or inn keeper delivering possibilities to bring your island and coastal living hospitality vision to life! The lush, landscaped resort features 8 stand alone buildings enchanting you with 1950's cracker style cottages nestled along the back bay of the Gulf of Mexico, on the historic registry,& brimming with timeless character. Despite having endured damage from Hurricane Helene in 2024, their unique charm and potential still remain undeniable. Currently, 2 cottages are fully functional & a 3rd almost there providing the opportunity to reside on site during restoration or construction while working on your vision and producing income. The possibilities are evident by the remarkable history of cash flow. Make your dreams a reality with 8 buildings total & offering infrastructure for one more individual cottage that was removed post Hurricane Helene, providing potential of 9 doors. An inventory of furnishings and equipment is available, giving you the insight into the resources already in place. Whether you envision restoring the cottages to their former glory or re imagining the property for a new purpose, accept this invitation to own a piece of something truly special. A paradise brimming with promise while experiencing extraordinary fishing, birdwatching, nature trails, and more in your new Gulf Coast oasis.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Ceramic Tile
  • Living Area: 2544.00
Property Information
  • Property Condition: Fixer
Land Information
  • Lot Features: Historic District
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Space Heater, Wall Units / Window Unit
  • Road Frontage Type: State Road
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Capable, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 59428.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Microwave, Refrigerator
  • Country: US
  • Legal Description: 29-15-13 CORONET PARK BLK 2 LOTS 2, 3, 4, 17, 18 & 19 -MERMAIDS LANDING COTTAGES- OR BOOK 1462 PAGE 912
  • Area Major: 32625 - Cedar Key
  • Occupant Type: Owner
  • Parcel Number: 08816-000-00
  • Possession: Close of Escrow
  1. Tropic Shores Realty
  2. A Winning Team
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com