83 NE 118th St, Cross City, FL 32628

Incredibly Affordable Starter Home in Cross City: Your Rural Florida Retreat!

Asking Price: $80,000

Here’s an exceptional opportunity to own an ultra-affordable 2-bedroom, 1-bathroom single-family home at 83 NE 118th St, Cross City, FL 32628. Built in 1965, this 768 sqft residence offers an astounding value with an estimated refinance payment of just $228/mo, making it arguably one of the most accessible properties in Florida.

Key Features:

• Unbeatable Price Point: At $80,000, this property stands out as a highly affordable option, especially compared to median home prices across Florida. The estimated refinance payment of just $228/mo makes homeownership a realistic dream for many.
• Efficient & Functional: At 768 sqft, this 2-bedroom, 1-bathroom home is designed for efficient living, perfect for individuals, couples, or as a rental investment.
• Solid Mid-Century Construction: Built in 1965, the home likely features concrete block construction, known for its durability.
• Cross City: A Quiet, Rural Florida Town:
  • Population & Demographics: Cross City is a small town in Dixie County, with a population of approximately 1,689 (2020 census). It offers a tranquil and laid-back lifestyle, with a strong sense of community and a high percentage of owner-occupied homes (80%). The median household income is around $43,958.
  • Market Dynamics (32628 Zip Code): The 32628 zip code, which includes Cross City, is characterized by affordable real estate. The median home value in Cross City was $130,000 as of 2024, and the median list price in May 2025 was $229,000. For 2-bedroom homes specifically, recent listings show properties in the area selling from $75,000 to over $150,000. This property’s asking price of $80,000 is at the very low end of this range, signifying excellent value.
  • Outdoor Activities: Cross City is nestled within Florida’s “Forgotten Coast” and offers abundant opportunities for nature enthusiasts. It’s just 20 minutes from Gainesville and a short drive to the Suwannee River and the Gulf of Mexico, providing access to fishing, boating, hiking, and wildlife watching. The area is also known for its freshwater springs.
  • Main Industries: Historically, logging and timber have been significant industries. Other regional industries include manufacturing, logistics & distribution, and agriculture.
  • Convenience: Despite its small size, Cross City offers basic amenities like grocery stores, local restaurants, and schools. Larger towns provide additional services within a reasonable drive.
  • Quality of Life: The town prides itself on balancing convenience with pristine natural surroundings. It has a high-school or higher education rate of 92.3%.
• Property Taxes: The median property value in Cross City was $95,300 in 2023, with a median property tax in Dixie County around 0.61%. This suggests very low annual property taxes for this home.
• USDA Loan Eligibility: Cross City is likely eligible for USDA 502 Guaranteed Loan Programs, which can offer 0% down payment financing for qualified buyers in rural areas. This further enhances the affordability of this property.

Important Considerations:

• Condition: Given its 1965 construction and very low price point, it is highly probable that this home will require updates and renovations to modernize it and maximize its comfort and value. Buyers should factor potential renovation costs into their budget and conduct thorough inspections.
• Rural Setting: While a benefit for many, the rural nature of Cross City means fewer urban amenities and a smaller job market compared to larger cities.
• School Ratings: Public schools in the Cross City area have mixed GreatSchools ratings, with James M. Anderson Elementary School being a standout (7-10/10).

This property at 83 NE 118th St is a truly unique and affordable opportunity for someone seeking a peaceful, low-cost home in a charming rural Florida setting. It’s an ideal chance for a first-time homebuyer to enter the market or for an investor looking for a high-potential rental property.

Priced at $80,000 – don’t miss out on this exceptional value! Schedule your private showing today.