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2602 CYPRUS DRIVE

House For Sale
$390,000

BTC: 6.45695364

ETH: 244.56163894

-$9K (2026/05/08)
118 days
Waterfront
2 bds
2 ba
1,307 sqft

Overview

NEW PRICE IMPROVEMENT! Discover a private waterfront retreat tucked along the serene canals of Palm Harbor, just minutes from the open waters of Lake Tarpon. This beautifully maintained 2-bedroom, 2-bath home blends timeless Old Florida character with thoughtful modern updates, creating a warm and inviting atmosphere from the moment you arrive. Lush tropical landscaping, natural wood accents, and peaceful water views give the property a relaxed coastal retreat feel rarely found at this price point. Inside, the spacious living area is filled with charm, featuring exposed wood-beam ceilings and an inviting cottage-inspired aesthetic. The enclosed Florida room offers a cozy year-round escape with tranquil canal views and a wood-burning fireplace with propane connection available. The updated kitchen combines style and functionality with stone countertops, stainless-steel appliances, and ample workspace, while the remodeled secondary bath adds a fresh modern touch. A dedicated office with built-in shelving and a separate indoor laundry room with patio access provide added flexibility and convenience. Step outside and experience the true highlight of the home—an expansive covered waterfront patio designed for relaxing, entertaining, and embracing the Florida lifestyle. Boating enthusiasts will love the private dock featuring a 10,000-pound boat lift, covered slip, and quick access to Lake Tarpon. Above the boathouse, a spacious rooftop deck creates the perfect setting for sunset gatherings, outdoor dining, or simply enjoying the peaceful canal views. Major recent improvements including a new roof (2025) and newer A/C (2023) offer peace of mind. Whether you're searching for a full-time waterfront residence, weekend getaway, or unique Florida retreat, this canal-front property delivers privacy, character, and an exceptional boating lifestyle in one of Palm Harbor’s most desirable waterfront settings.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1957
Lot:
0.13 Acres
Heating:
Central / Electric / Wall Units / Window Unit
Price/sqft:
$298
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$405,000
$313K – $537K
Confidence Low
List vs. estimate
$15K below estimate
List $390,000 · -3.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$298
+8.0% vs. city median $276
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,479
2025
View
Water
Waterfront
Canal - Freshwater
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Vinyl

    Heating

    • Central

    • Electric

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Stone Counters

    • Thermostat

    • Vaulted Ceiling(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Private Mailbox

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 302716565020000280

    • Zoning: R-4

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $1,479

  • Source details

    • MLS ID: TB8482876

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Pillar/Post/Pier

    • Fireplace Features: Gas / Wood Burning

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Room / Washer Hookup

    • Lot Features: FloodZone / Landscaped / Level / Near Public Transit / Street Dead-End / Unincorporated

    • Direction Faces: North

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: LAKE TARPON

    • Living Area: 1307

    • Water Source: Public

    • Subdivision Name: MEADOW BROOK SUB 1ST ADD

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COLDWELL BANKER REALTY