41 Cypress DRIVE, Palm Harbor, FL, 34684 | $999,900

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.

Features

  • Rooms: 10
  • Bedrooms: 5
  • Baths: 2 full / 1 half
  • Lot Size: 67 x 92
  • Laundry: Inside, Laundry Room, Upper Level
  • Year Built: 2005
  • Garage: 2-car Electric Vehicle Charging Station(s), Garage Door Opener
  • Heating: Central, Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 3,280
  • Acreage: 0.14
  • Lot Size: 67 x 92
  • Est. Taxes: $14,217
  • View: Water
  • Elem. School: Highland Lakes Elementary-PN
  • Middle School: Tarpon Springs Middle-PN
  • High School: Tarpon Springs High-PN
  • Pool: Auto Cleaner, Gunite, In Ground, Lighting, Salt Water
  • Pet Policy: Yes
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Solar Hot Water, Washer, Water Filtration System
  • MLS#: W7868947
  • Days on Market: 31 days
  • Website: https://www.raveis.com
    /prop/W7868947/41cypressdrive_palmharbor_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/24/2024 7:32:08 PM)
Listing courtesy of SNAP REALTY LLC   Phone: 727-457-5453

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NMLS Mortgage Loan Originator ID 16953

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41 Cypress DRIVE, Palm Harbor, FL, 34684

$999,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $799,920 $799,920 $799,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $1,185 $1,185 $1,185
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $5,122 $5,122 $7,023
Total Monthly Payment $6,399 $6,399 $8,300

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.