This Cedar Key property presents a rare opportunity for buyers looking to rebuild or reimagine a coastal home in one of Floridas 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 structures pre storm value. This creates a unique opportunity for buyers to design and execute a project that fits within those parameterswhether 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 youve been looking for a project with flexibility, upside, and the ability to create something truly your own, this is an opportunity worth exploring.
This Cedar Key property presents a rare opportunity for buyers looking to rebuild or reimagine a coastal home in one of Floridas 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 structures pre storm value. This creates a unique opportunity for buyers to design and execute a project that fits within those parameterswhether 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 youve been looking for a project with flexibility, upside, and the ability to create something truly your own, this is an opportunity worth exploring.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Buildable, Cleared, Flood Plain/Bottom Land, City Limits, Level, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: Electricity Available, Sewer Available, Water Available
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Current Use: Residential
Legal Description: 30-15-13 SOUTH FOWLERWAY BLK 10 LOT 6 & WEST 20 FT OF LOT 5 & EAST 10 FT OF LOT 7 OR BOOK 1640 PAGE 228
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