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This Cedar Key property presents a rare opportunity for buyers looking to rebuild or reimagine a coastal home in one of Florida’s most unique waterfront communities. Previously impacted by storm damage, the property is now positioned for potential repair or reconstruction under current FEMA and local guidelines. Based on guidance from local officials, rebuilding may be possible depending on the scope of work and overall project cost relative to the structure’s pre-storm value. This creates a unique opportunity for buyers to design and execute a project that fits within those parameters—whether restoring the existing footprint or creating a thoughtfully updated coastal retreat. The value calculation is based on the structure only (excluding land), giving buyers a clear framework to explore renovation or rebuilding options. Due to FEMA regulations and the 50% rule, buyers are encouraged to work with the City of Cedar Key, contractors, and design professionals to fully understand allowable improvements, elevation requirements, and permitting options. If you’ve been looking for a project with flexibility, upside, and the ability to create something truly your own, this is an opportunity worth exploring.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: William Glade | William Glade Lic. Real Estate
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Listed by Chad Shaffer (#MFR253003627)
Listing Office: HOME ENV REALTY (#MFR259506708)

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