1242 SHELL CREST AVENUE
About This Property
Welcome to your home on the island that sits on a HIGH AND DRY double lot with lots of live oak trees and palms that house abundant wildlife. Sit on the front porch amongst the trees and see the squirrels, red bellied woodpeckers, owls, racoons and osprey! Plenty of room for your boat or RV and your vehicles can park under the home to keep them cool in the summer heat.
Inside you'll see a recently remodeled kitchen with new stainless-steel appliances, and new cabinets with finished butcher block counter tops accented with stunning blue backsplash. The floating shelves add to the style for decoration or storage.
New lighting and ceiling fans throughout provide plenty of light and comfort as you enjoy time in your home when you aren't exploring town life or fishing on the Gulf. There is new luxury vinyl flooring throughout except for the premium tile in the bathroom. In addition to the tile, you'll appreciate the new bathroom fixtures including toilet, vanity, vessel sink and heated/lighted mirror.
There is also a separate laundry room with new, high end washer and dryer and the hot water heater was replaced in 2023.
The home includes all major furnishings and is ready for you to make it your permanent residence, vacation home or rental. It has never flooded and is one of the homes on the island NOT in a flood zone! Come visit today and enjoy island life tomorrow! Seller is a Florida Licensed Real Estate Agent.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Apr 13, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Listed by ADAMS, CAMERON & CO., REALTORS | $325,000 | |
| Listed by ADAMS, CAMERON & CO., REALTORS | |||
| May 6, 2022 | Sold | ||
| Sold | |||
| Feb 16, 2022 | Listed by COOKIE KING REAL ESTATE, INC | $297,500 | |
| Listed by COOKIE KING REAL ESTATE, INC | |||
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Not many homes in Cedar Key at this price level!!! Check out this cute 2/1 stilt home perched on a high ridge in the city limits! Close to everything right in town...golf carts are the main mode of travel! Bird's eye view from the upstairs deck....literally, you feel like you are perched in the trees as the deck actually wraps a couple of nice live oaks! With the sliding doors open, the living room opens up to the outside deck, making this little home live larger! And don't overlook all the extra parking for boats and extra vehicles as parking is at a premium on the island! Shellcrest Avenue is a quiet and heavily treed city street that dead ends in to the water. Cedar Key School (PreK-12) within easy walking distance. Enjoy all that island living offers; fresh seafood, fishing, and boutique shopping!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017