NOT LISTED FOR SALE

1575 SW Shady Lake Terrace Palm City, FL 34990

Estimated Value: $393,000 - $434,059

2 Beds
2 Baths
1,540 Sq Ft
$271/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $426,000 $277 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,116/month

1 Day on Market

Highlights

  • Lake Front
  • In Ground Pool
  • Cathedral Ceiling
  • Bessey Creek Elementary School Rated A-
  • Two Primary Bedrooms
  • Mediterranean Architecture

About This Home

As of March 2023

Tastefully updated lakefront Capri model with private screened pool/spa and prime southern exposure. Located in the desirable community of Cypress Lake in Palm City. This light & bright DiVosta 2/2/2 villa w/extended screened-in patio has split floorplan, open kitchen, separate family/dining area providing ample living space, laundry room and 2 car garage. Updates include, New Clay Roof 2021, New AC 2020, New plumbing 2021 (replaced polybutalene w/pex pipe), New water heater 2021, entire flooring replaced with tile 2019, crown molding throughout, plantation shutters, bathroom vanities/granite tops, granite in kitchen & utility/laundry, SS appliances, gutters 2021, New pool cage hardware/sealed 2021 and New auto garage door motor 2022. Feel secure with Full accordion shutters and (3) security cameras. Will not disappoint... Come see what Florida living is all about!

Last Agent to Sell the Property

Vince Bajis

Water Pointe Realty Group License #3183392 Listed on: 02/25/2023

Last Buyer's Agent

Matthew Walsh

Douglas Elliman License #3388489

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,715

Year Built

  • Built in 1995

Lot Details

  • 4,748 Sq Ft Lot
  • Lake Front
  • North Facing Home
  • Sprinkler System
  • Zero Lot Line

HOA Fees

  • $289 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Patio Home
  • Villa
  • Barrel Roof Shape
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Plantation Shutters
  • Combination Dining and Living Room
  • Screened Porch
  • Ceramic Tile Flooring
  • Lake Views
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Double Master Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • In Ground Pool
  • Gunite Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Community Details

  • Association fees include management, common areas, cable TV, ground maintenance, taxes

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,715

Year Built

Built in 1995

Lot Details

0

HOA Fees

$289 per month

Listing Details

  • Architectural Style: Mediterranean, Patio Home
  • Directions: From Martin Downs Blvd, head north on Matheson, right into Cypress Lake community, left on Shady Lake Terrace, #1575 Villa on right.
  • Garage Yn: Yes
  • Lot Size Acres: 0.109
  • Property Sub Type: Villa
  • Property Sub Type Additional: Villa
  • Prop. Type: Residential
  • Building Stories: 1
  • Subdivision Name: Cypress Lake Ph 01 Cypress Pointe PUD
  • Year Built: 1995
  • Year Built Details: Resale
  • Ownership: Fee Simple
  • Attribution Contact: vince@waterpointe.com
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Some Electric Appliances, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Water Heater, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Ceramic Tile
  • Furnished: Unfurnished
  • Interior Amenities: Attic, Built-in Features, Cathedral Ceiling(s), Dual Sinks, High Ceilings, Master Downstairs, Living/Dining Room, Multiple Master Suites, Pull Down Attic Stairs, Split Bedrooms, Separate Shower, Tub Shower, Walk-In Closet(s)
  • Living Area: 1540.0
  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Stories: 1
  • Window Features: Plantation Shutters
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Block, Concrete
  • Direction Faces: North
  • Exterior Features: Sprinkler/Irrigation, Patio, Storm/Security Shutters
  • Lot Features: Zero Lot Line
  • Patio And Porch Features: Covered, Patio, Screened
  • Pool Features: Fenced, Gunite, In Ground
  • Pool Private: Yes
  • Property Condition: Resale
  • Roof: Barrel
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Security System, Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 289.0
  • Association: Yes
  • Community Features: Sidewalks
  • Pets Allowed: Number Limit, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Maintenance Grounds, Taxes

Lot Info

  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4715.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2021
Sold by
G Byrne Realty Llc
Bought by
Byrne Shanna E
Current Estimated Value
$417,765

Purchase Details

Listed on
Mar 8, 2019
Closed on
Apr 11, 2019
Sold by
Olsen Scott C and Gail S Olsen Revocable Trust
Bought by
G Byrne Realty Llc
Seller's Agent
Susan Maxwell
RE/MAX of Stuart - Palm City
Buyer's Agent
Nannette Walsh
One Sotheby's International Realty
List Price
$304,000
Sold Price
$295,000
Premium/Discount to List
-$9,000
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Dec 4, 2015
Sold by
Olsen Gail S
Bought by
Gail S Olsen Revocable Trust and Olsen

Purchase Details

Closed on
Nov 13, 2015
Sold by
Olsen Gail Susan
Bought by
Gail S Olsen Revocable Trust

Purchase Details

Closed on
Apr 26, 1996
Sold by
Parkside Development Company Inc
Bought by
Olsen Gail S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,900
Interest Rate
7.8%

Purchase Details

Closed on
Jan 1, 1901
Bought by
Gail S Olsen Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Byrne Shanna E $100 Dreyer Dw Craig
G Byrne Realty Llc $295,000 Attorney
Gail S Olsen Revocable Trust $100 --
Gail S Olsen Revocable Trust $100 --
Olsen Gail S $129,900 --
Gail S Olsen Revocable Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Gail S $166,923
Previous Owner Olsen Gail S $50,000
Previous Owner Olsen Gail S $138,600
Previous Owner Olsen Gail S $64,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $426,000 +6.5% $277 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
02/25/2023 02/25/23 For Sale $399,900 +35.6% $260 / Sq Ft
04/12/2019 04/12/19 Sold $295,000 -3.0% $192 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $304,000 -- $197 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $6,609 $396,660 $150,000 $246,660
2024 $4,894 $375,080 $375,080 $225,080
2023 $4,894 $308,948 $0 $0
2022 $4,715 $299,950 $110,000 $189,950
2021 $5,094 $271,830 $130,000 $141,830
2020 $4,663 $249,120 $100,000 $149,120
2019 $4,350 $228,330 $100,000 $128,330
2018 $2,449 $162,035 $0 $0
2017 $1,999 $158,703 $0 $0
2016 $2,269 $155,438 $0 $0
2015 -- $154,358 $0 $0
2014 -- $153,133 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vince Bajis

    Seller's Agent in 2023

    Vince Bajis

    Water Pointe Realty Group

    (772) 708-6317

    2 in this area

    33 Total Sales

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  • M

    Buyer's Agent in 2023

    Matthew Walsh

    Douglas Elliman

    Section Image
  • Susan Maxwell

    Seller's Agent in 2019

    Susan Maxwell

    RE/MAX

    (772) 220-1116

    135 in this area

    527 Total Sales

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  • Fran Berkowitz

    Seller Co-Listing Agent in 2019

    Fran Berkowitz

    RE/MAX

    (561) 644-9112

    12 in this area

    44 Total Sales

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  • Nannette Walsh

    Buyer's Agent in 2019

    Nannette Walsh

    One Sotheby's International Realty

    (561) 870-7026

    9 in this area

    32 Total Sales

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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20038254

Martin County REALTORS® of the Treasure Coast

APN: 07-38-41-021-000-00640-0

Florida Martin County Palm City 34990

1575 SW Shady Lake Terrace, Palm City, FL

This home is located at 1575 SW Shady Lake Terrace, Palm City, FL 34990 since 25 February 2023 and is currently estimated at $417,765, approximately $271 per square foot. This property was built in 1995. 1575 SW Shady Lake Terrace is a home located in Martin County with nearby schools including Bessey Creek Elementary School, Hidden Oaks Middle School, and Martin County High School.

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.

Martin County REALTORS® of the Treasure Coast The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

Copyright 2025 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

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