NOT LISTED FOR SALE

138 Cypress Way E Unit 5 Naples, FL 34110

Palm River Estates Neighborhood

Estimated Value: $251,000 - $276,000

2 Beds
2 Baths
1,064 Sq Ft
$368/mo HOA Fee

Last Sold August 09, 2023

Last sale price $297,000 $279 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,972/month

76 Days on Market

Highlights

  • Clubhouse
  • Great Room
  • Community Pool
  • Veterans Memorial Elementary School Rated A
  • Screened Porch
  • Built-In Features

About This Home

As of August 2023

The property features 2 bedrooms, 2 bathrooms, screened lanai in a prime Naples location, offers 1,064 sq. ft. of living space. Has a new AC and water heater, low fees, new roof, and a great community pool.
Perfect for full time living or a vacation home.
Naples Keep is located in the highly desirable Palm River neighborhood, one of the key selling points of this condo is its unbeatable location. It has easy access to the most beautiful beaches in the area, a variety of shopping centers, restaurants, entertainment venues, and public parks. Additionally, the property's proximity to major highways makes commuting a breeze it is convenient to, but west of I-75.

Last Agent to Sell the Property

Patricia Moore

DomainRealty.com LLC License #249521451 Listed on: 04/25/2023

DomainRealty.com LLC

Last Buyer's Agent

Tyler Macchi

Coldwell Banker Realty License #258032385

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,768

Year Built

  • Built in 1988

Lot Details

  • Northwest Facing Home
  • Zero Lot Line

HOA Fees

  • $368 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,064 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows
  • French Doors
  • Great Room
  • Screened Porch

Kitchen

  • Breakfast Bar
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Screened Patio

Schools

  • Veterans Memorial El Elementary School
  • North Naples Middle School
  • Gulf Coast High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 405
  • Assessor Parcel Number 62015000583

Community Details

Overview

  • Association fees include cable TV, irrigation water, ground maintenance, pest control, reserve fund, street lights, trash
  • 100 Units
  • Association Phone (239) 591-4200
  • Naples Keep Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • Call for details about the types of pets allowed
  • 1 Pet Allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,768

Year Built

Built in 1988

Lot Details

0

HOA Fees

$368 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condo
  • Subdivision Name: NAPLES KEEP
  • Directions: From Immokalee Rd, take Piper Blvd to Cypress Way E. Community is located on the right.
  • Architectural Style: Two Story, Low Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1988
  • Property Sub Type Additional: Condominium
  • Association Fee 3 Frequency: Quarterly
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Breakfast Bar, Built-in Features, French Door(s)/Atrium Door(s), Split Bedrooms, Shower Only, Separate Shower, Cable TV, Walk-In Closet(s), Window Treatments
  • Living Area: 1064.0
  • Dining Room Type: Screened Porch, Great Room
  • Stories: 1
  • Window Features: Single Hung, Sliding, Window Coverings

Exterior Features

  • Lot Features: Zero Lot Line
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped, Partial Buildings
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco, Wood Siding
  • Direction Faces: Northwest
  • Exterior Features: None
  • Patio And Porch Features: Lanai, Porch, Screened
  • Property Condition: Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Assigned, One Space

Utilities

  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Clubhouse, Pool, Management
  • Phone: 239-591-4200
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium
  • HOA Fee 3: 1103.0

Fee Information

  • Association Fee Includes: Cable TV, Irrigation Water, Maintenance Grounds, Pest Control, Reserve Fund, Street Lights, Trash

Schools

  • Elementary School: VETERANS MEMORIAL EL
  • High School: GULF COAST HIGH SCHOOL
  • Middle Or Junior School: NORTH NAPLES MIDDLE SCHOOL

Lot Info

  • Parcel #: 62015000583

Multi Family

  • Number Of Units In Community: 100

Tax Info

  • Tax Annual Amount: 1767.93
  • Tax Lot: 405
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Aug 9, 2023
Sold by
Hughes Charles and Hughes Renee
Bought by
Gross Ashley
Seller's Agent
Patricia Moore
DomainRealty.com LLC
Buyer's Agent
Tyler Macchi
Coldwell Banker Realty
List Price
$305,000
Sold Price
$297,000
Premium/Discount to List
-$8,000
-2.62%
Views
98
Current Estimated Value
$265,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,724
Avg. Annual Appreciation
-4.98%
Original Mortgage
$282,150
Outstanding Balance
$275,600
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$10,324

Purchase Details

Closed on
Nov 30, 2016
Sold by
Bower Heather H and Bower William
Bought by
Hughes Charles and Hughes Renee

Purchase Details

Closed on
Jun 8, 2006
Sold by
Bower Heather H and Howell Heather H
Bought by
Bower William and Bower Heather H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2002
Sold by
Harlem John
Bought by
Howell Heather H and Harlem Heather H

Purchase Details

Closed on
Nov 1, 1999
Sold by
Bruns Alfred J and Bruns Carolyn A
Bought by
Harlem John and Harlem Heather H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
7.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 1994
Sold by
Pertzborn James E
Bought by
Bruns Alfred J and Bruns Carolyn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,400
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gross Ashley $297,000 Heights Title Services
Hughes Charles $128,500 None Available
Bower William $48,000 Title Source Inc
Howell Heather H -- --
Harlem John $64,000 --
Bruns Alfred J $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Ashley $282,150
Previous Owner Bower William $96,000
Previous Owner Harlem John $58,000
Previous Owner Bruns Alfred J $36,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2023 08/09/23 Sold $297,000 -2.6% $279 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $305,000 -- $287 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,550 $261,360 -- $261,360
2024 $2,060 $250,720 -- $250,720
2023 $2,060 $164,483 $0 $0
2022 $1,768 $149,530 $0 $0
2021 $1,502 $135,936 $0 $135,936
2020 $1,442 $131,680 $0 $131,680
2019 $1,512 $137,000 $0 $137,000
2018 $1,405 $127,424 $0 $127,424
2017 $1,311 $117,848 $0 $117,848
2016 $1,046 $82,282 $0 $0
2015 $866 $74,802 $0 $0
2014 $795 $68,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Patricia Moore

    DomainRealty.com LLC

    Section Image

  • T

    Buyer's Agent in 2023

    Tyler Macchi

    Coldwell Banker Realty

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223030183

Florida Gulf Coast Multiple Listing Service

APN: 62015000583

Florida Collier County Naples 34110 Palm River Estates

138 Cypress Way E Unit 5, Naples, FL

This home is located at 138 Cypress Way E Unit 5, Naples, FL 34110 since 25 April 2023 and is currently estimated at $265,276, approximately $249 per square foot. This property was built in 1988. 138 Cypress Way E Unit 5 is a home located in Collier County with nearby schools including Veterans Memorial Elementary School, North Naples Middle School, and Naples Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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