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16616 Airport Rd
Cedar Key, FL 32625
$1,695,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
4366
Property Description
This amazing island home has gorgeous OPEN GULF OF MEXICO views from almost all rooms! With 4,366 square feet of conditioned space, you will have plenty of room to entertain--in this open floor plan that cries out for entertaining! Upstairs, on the main floor, the two generous bedrooms are in a split floor plan, with lots of living and dining space between. The well-appointed kitchen, with tons of custom wood cabinetry, boasts two granite-topped islands--one equipped for working, and the other ready for seating. The cabinetry-matched refrigerator/freezer, double wall oven, extensive pantry area, contrasting wood accents and multiple glass display cabinets make this a kitchen to be most proud of. You will not be short of kitchen space! Let in as much light as you'd like--the living area is graced with a wall of plantation-shuttered windows overlooking the Gulf and the uninhabited islands in the distance. The sprawling master suite includes custom wall artistry, a large sitting area, a Gulf view, a room-sized and a well-appointed master closet. Wood shelving will keep your items easily organized, and there is plenty of room! The master bathroom has everything you need to pamper yourself--double sinks, custom cabinetry, a beautifully-tiled and roomy glass shower, and even a walk-in tub! The guest room very easily fits the two queen beds, with a nice ensuite bath which also includes a walk-in tub. Ready to get by the saltwater? The house-wide deck with stainless railing and glass railing infill is waiting for you! Lounge on the house side of the deck, or walk along the boardwalk and down the stairs to the two-level boathouse and sun on the top--towering above the Gulf, soaking up the sun and the glorious expansive views. Back inside, you can choose to take the passenger elevator, or the unique shell-and-mural donned stairway to the downstairs, where you will find a full separate-entry water view one bedroom apartment, a deep two-car garage, and a covered water front patio. This home is one of the largest on the island, and in a spot with spectacular views and access to the Gulf. Have an airplane? The island's public 2400-foot paved landing strip is right across the road. Use the public tie-downs and be ready to go up anytime. The aerial views of "The Nature Coast" are hard to beat! Want some land fun? Hop in your golf cart, follow the water's edge, and in just minutes you will be at the island's downtown, where you can grab a coffee, a smoothie, or a pastry, or stop by the library, community garden, post office or the park. With plenty of restaurants, bars, shops, and even an Art Center, you can keep yourself entertained. This charming island is an amazingly-preserved slice of "Old Florida" which is quickly disappearing in other areas of the state. Come and take a look--you will not be disappointed!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1975
MLS Number
790584
Location
Address
16616 Airport Rd
City
Cedar Key
State
FL
Zip Code
32625
County
LEVY
Listing
Provider
Cedar Key Realty, Inc., original listing
Name
Cedar Key Realty, Inc.
Phone
(352) 543-9899
Office Name
Cedar Key Realty, Inc.
Office Phone
(352) 543-9899
Agent Name
Vanessa Edmunds

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.