2595 CYPRUS DRIVE, #4-202, Palm Harbor, FL, 34684 | $185,000

A quaint and quiet community located on a beautiful canal of Lake Tarpon. Perfect for a SNOWBIRD who would like to rent it out when they go back up north. This 1 bedroom, 1 bathroom condo overlooks the gorgeous waterway and pool and INCLUDES A BOAT SLIP. This 2nd floor floor condo features tile and laminate flooring, granite countertops in the kitchen & bath, a large family room with an enclosed lanai overlooking the canal and pool with extra space for storage. The master bedroom includes a balcony where you can enjoy beautiful sunset views. Pets allowed as well. Low monthly HOA of $450 which includes basic cable, internet, building exterior, roof, sewer/water and trash, plus insurance on the building. Also, Lake Tarpon Villas is ONE of few communities in the area that allows AIRBNB/VRBO with few restrictions and NO WAIT PERIOD. YOU CAN START MAKING RENTAL INCOME IMMEDIATELY or use it as you like. It doesn’t get much better than this. New Barrel Tile Roof in 2019, AC 2017, Water Heater 2017. The unit also includes a full size washer and dryer. Minutes from Historic Downtown Tarpon Springs where you can enjoy wonderful Restaurants, Shopping, The First Friday Celebrations and the Greektown Spring Docks. Fred Howard Beach and Sunset Beaches just 6 miles away. Additionally, it has been determined by FEMA that the community is EXEMPT from FLOOD ZONE. They have a LOMA Letter; see attachments. Lake Tarpon's water level is controlled by the
Southwest Florida Water Management District. There was no flooding from the 2 recent storms. #rentalincome #airbnb #investment #realestate #deboerrealestate #floridarealestate #tampabayrealestate #floridaliving You can visit www. airdna. co if you want to check potential rental income estimates. Seller will consider owner financing with 20% down at 8% interest for 30 years at $200k. This is a great place for a snowbird who'd like to rent it when they go back up north to make extra income.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Clubhouse, Laundry, Maintenance, Pool, Spa/Hot Tub
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Inside
  • Complex: LAKE TARPON VILLAS CONDO
  • Year Built: 1996
  • Approx Sq. Feet: 709
  • Est. Taxes: $2,602
  • Condo Fee: $450 Monthly
  • Lot Desc: Near Golf Course, Near Public Transit, Sidewalk, Street Dead-End
  • View: Pool, Water
  • Elem. School: Sutherland Elementary-PN
  • Middle School: Tarpon Springs Middle-PN
  • High School: Tarpon Springs High-PN
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Washer
  • MLS#: TB8322715
  • Days on Market: 133 days
  • Website: https://www.raveis.com
    /prop/TB8322715/2595cyprusdrive_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 4/16/2025 1:58:31 AM)
Listing courtesy of RE/MAX REALTEC GROUP INC   Phone: 813-866-4800

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2595 CYPRUS DRIVE, #4-202, Palm Harbor, FL, 34684

$185,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $148,000 $148,000 $148,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.058% 7.063% 6.152%
Monthly Tax Payment $217 $217 $217
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $935 $972 $1,239
Total Monthly Payment $1,227 $1,264 $1,531

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.