Pelicans Roost in Cedar Key is an established apartment building with two seperate single bedroom cabins.  There is a total of 6 rentable units on waterfront with 4 boat slips on the only deep water channel in Cedar Key.  In the Fish House there are two 2 bedroom, one bathroom apartments, a studio, and a laudry room downstairs.  The upstairs is a large one bedroom apartment that could easily be subdivided into a single two bedroom apartment, yeilding average sized bedrooms.  The two single bedroom cabins stand seperately from the fish house across the .94 acre lot.  Hurricane Helene flooded the lower level units by about 3.5 feet, including the cottages.  The upstairs apartment was undamaged.  Helene was the first significant flooding of this building in 30 years that we are aware of, Hurricane Idalia in 2023 only brought in a few inches of water in the lower units and did not flood the cottages.

Immediately following Helene the lower units were gutted from the 4 foot level down removing all soaked materials. A structural engineer certified that the building was not structurally damaged and permits have been approved to rebuild the units as they stood.  The reason for no structural damage was primarily because the building is inland and was not subject to the pounding that the restaurants and other buildings on the waters edge received.  In recent years five new pilings have been installed under the building, and that undoubtedly helped as well.

Our plan is the slowly rebuild the units as time and money allow, renting them as they are made habitable.  The upstiars unit is currently rented.  The while building is for sale at any time, and price will vary according to how far into the rebuild process we are.  Owner financing is a possibility with a significant down payment. Structurally the building and the docks are in good shape, what is required now is interior finishes.

What follows are pictures of the property as it was before the storms, when units were habitable and rented, and then pictures of the currrent condition.  Keep in mind that the current condition will be constantly changing and these pictures are for a general idea and not specifics. The property will be priced pretty much according to the value of the land and the buildings can be considered a bonus. 


Property appraisers link

GROUND FLOOR MAIN BUILDING	UPSTAIRS MAIN BUILDING	COTTAGES