Description: What a spectacular rare opportunity to snag a beautiful water front home on a gated, private island in historic Cedar Key, Florida! This home offers something not typically available on the island--a large window of DEEP WATER access, right on the channel! This elevated coastal home, with its unique tasteful touches, has living quarters on two separate levels. Enter at ground level, and make your way up the beautifully crafted wood staircase to the main living area. At the top of the stairs, you will find the inviting open floor plan, complete with its wall of waterfront windows and French doors. Having a really big party? Open those French doors and expand out onto the 12' x 29' covered porch, overlooking the breathtaking expansive saltwater view. You will love spending time in the kitchen, with its granite counters and exquisite cherry cabinetry--and the cabinetry continues with the living area's generous array of built-ins, surrounding the central fireplace. Down the hall, you'll pass the house powder room, before arriving at the master suite, with its huge walk-in closet, set up for super organization. The master bath, with its walk-in shower, dressing table and corner garden tub, overlooks the private master deck and the stand of oaks outside. Two nice-sized bedrooms--with built in desks and beautifully hand-painted accents--share a bath. On the top level, there is another complete living space! Need a private spot for guests, an older child, or an aging parent? The living area, used as a home office now, sports a private deck overlooking the sea and marsh. Two bedrooms, another private water view deck, and a full bath complete the upper level. With plenty of parking underneath, a large storage area, and a "between story" waterfront deck, there are lots of lower level amenities. A good-sized outdoor shower will beckon to you after saltwater island fun, when you have docked your boat on your private deep-water boat dock. Want to take a paddle on your kayak? Launch it from the ladder down to the shell bank off the midpoint of the dock. And if you want extra elbow room, the lot next door is available separately to the buyer of the home. Tucked away from the action of downtown, you will find lots of peace an quiet on private Rye Key, the island's only gated community. Ready for downtown fun? Hop in your golf cart and you will be playing in a flash--restaurants, bars, parks, the library and coffee shop are only a few minutes in a cart. Come see all that Cedar Key, the "Island City," has to offer you. But look soon--Travel and Leisure Magazine named our town one of the "Ten Best Small Towns for Retirees!"