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29 CYPRESS DRIVE
About This Property
The open kitchen layout flows seamlessly into the main living space, creating the perfect setting for entertaining or simply relaxing while overlooking the canal. Laminate flooring runs throughout, adding a clean, modern touch, while cedar-lined closets provide both charm and functionality. The bathrooms have been thoughtfully updated, and the oversized primary suite offers generous space along with peaceful water views to wake up to each morning.
Step outside to enjoy true Florida waterfront living with your own floating dock and easy canal access. The property is boat-ready, featuring double gates for convenient storage and a large carport that can accommodate a boat with ease. The one-car garage has been partially converted to include a laundry room and additional storage, while still maintaining usable garage space.
Recent updates provide peace of mind, including a freshly painted interior, Samsung refrigerator (2024), Whirlpool washer and dryer (2022), Rheem water heater (2022), and a 2015 roof. This well-maintained home offers the perfect blend of indoor comfort and outdoor lifestyle, making it an ideal choice for those seeking waterfront living in Palm Harbor.
Schedule your showing today before this gem is gone! Bank approved short sale !
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2026 | Sold | ||
| Sold | |||
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2026 | Relisted | $360,000 | |
| Relisted | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Relisted | $389,000 | |
| Relisted | |||
Property Highlights
Building Info
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Price/ft²
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017