tomo logo

$999,900

Beds
5
Baths
2.5
sq ft
3,280

41 Cypress Dr, Palm Harbor, FL 34684

41 Cypress Dr

PALM HARBOR, FL 34684

  • 23 days on market
This stunning, custom-built waterfront home with a pool boasts 5 bedrooms and 3 bathrooms, meeting the needs of even the most particular home buyer. Situated on a broad, easily navigable canal leading to the spring-fed Lake Tarpon, this residence features a covered boat lift and a tandem jet ski lift. The chef's kitchen is equipped with luxurious maple wood cabinets, stainless-steel GE Profile appliances, including a double oven, and is finished with top-tier level 3 granite on the countertops and island. Adjacent to the kitchen, the inviting family room includes a fireplace set against a stone accent wall and a built-in surround sound system. The ground level also offers a game room with a bar, a convenient guest/pool bathroom, a fifth bedroom with a desk setup suitable for an office, and a spacious formal dining room. Ascending the classic wooden staircase, you'll find an open loft with hardwood flooring leading to three additional bedrooms, a laundry room, a secondary bathroom, and the master suite. The master suite features a walk-in California closet, a garden tub, a separate shower, dual vanities with granite tops, and sliding doors to a balcony overlooking the pool and waterway. The home's construction is robust, with block and stucco reinforced by 50 pilings and enhanced 2X6 framing on the second story. The clear pool has been updated to a saltwater system and includes a new heat pump. The property is enclosed with a fence, and the seawall is made of durable corrugated vinyl. The expansive dock, featuring an aluminum bar fence, serves as an extra space for outdoor entertainment. A large two-car garage includes a 220-volt electric car charging station, and the home is energy self-sufficient with a comprehensive solar panel array on the roof. The garage additionally has an entryway into the home through a climate-controlled extra-large utility room. The water heater comes with its own solar panel on the roof, complemented by a Kinetico whole-home water filtration system. This distinctive home is ideally situated near world-renowned beaches, excellent shopping, two airports, top-tier schools, Tampa, historic St. Petersburg, and the pristine springs and wilderness of the Nature Coast. Lake Tarpon, the largest lake in the tri-county area, provides exceptional fishing, boating, jet skiing, tubing, and lakefront dining that's boat-accessible, along with a slalom course for water sports aficionados. The lake's non-susceptibility to coastal flooding translates into highly affordable flood insurance for this property. Having functioned as both a family home and a profitable short-term rental (commanding $450-$579 a night depending on the season as a 4-bedroom Airbnb), this property offers a unique opportunity to acquire a splendid, secure waterfront residence. This solid home stayed high and dry during the storms and sustained zero damage! Buyer's agents are welcome.

Details

Property type

Single Family Residence

Est. home value

$1,058,713

Lot size

6,247 sq ft

Price per sq ft

$305

Year built

2005

Annual property taxes

$14,217.22

HOA

Yes

Price History

10/16/2024
StellarMLS

StellarMLS #W7868947

Listed
$999,900
-16.29%
08/02/2024
StellarMLS

StellarMLS #W7859770

Removed
$1,194,500
06/03/2024
StellarMLS

StellarMLS #W7859770

Price change
$1,194,500
-0.08%

Schools & Community

Elementary school: 

Highland Lakes Elementary-PN

Middle school: 

Tarpon Springs Middle-PN

High school: 

Tarpon Springs High-PN

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$407,778
Asking price
$999,900
Closing costs (~8% of asking)
-$79,992
Est. remaining loan balance
-$512,130
Cash to seller
$407,778

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

October 2021

Original loan amount

$548,250

Est. remaining balance

$512,130

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Ella Washington and Ella J Washington Maddex

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/08/2024 at 7:25 AM

Listing updated: 10/26/2024 at 2:09 PM

Listed by: Dean Glicos, SNAP REALTY LLC Phone #: (727) 457-5453

MLS: StellarMLS #W7868947

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Recently listed in PALM HARBOR