1607 SW Shady Lake Terrace Palm City, FL 34990
Estimated payment $2,654/month
Highlights
- Home fronts a pond
- Pond View
- Mediterranean Architecture
- Bessey Creek Elementary School Rated A-
- Cathedral Ceiling
- Screened Porch
About This Home
Recent Price Reduction. Move-in or use the value pricing to upgrade your new home. This is a rare Cypress Lakes, Divosta built, home in the center of Palm City. Brand new (2023) roof, freshly painted, re-plumbed and a beautiful lake view. . Divosta builds one of the most popular homes and floor plans in Florida. This Capri model overlooks the lake and is shaded by a wonderful oak tree. Cypress Lakes is close to downtown Stuart shopping and restaurants. Palm City is quickly becoming a food and golf destination and this home sits right in the heart of this community. Easy access to I-95 and the Turnpike. Accordian shutters, a new roof and poured concrete construction make this a forever home.
Listing Agent
Engel & Volkers Stuart Brokerage Phone: 772-494-6999 License #3094748 Listed on: 05/11/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,630
Year Built
- Built in 1995
Lot Details
- 4,748 Sq Ft Lot
- Home fronts a pond
- Property fronts a county road
- Sprinkler System
HOA Fees
- $289 Monthly HOA Fees
Home Design
- Mediterranean Architecture
- Villa
- Barrel Roof Shape
- Concrete Siding
Interior Spaces
- 1,540 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Entrance Foyer
- Combination Dining and Living Room
- Screened Porch
- Pond Views
- Hurricane or Storm Shutters
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Separate Shower
Laundry
- Dryer
- Washer
- Laundry Tub
Parking
- 2 Car Attached Garage
- Garage Door Opener
Schools
- Bessey Creek Elementary School
- Hidden Oaks Middle School
- Martin County High School
Utilities
- Central Heating and Cooling System
- 220 Volts
- 110 Volts
- Water Heater
- Cable TV Available
Community Details
- Association fees include cable TV, ground maintenance
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,867 | $357,373 | -- | -- |
| 2024 | $5,630 | $324,885 | -- | -- |
| 2023 | $5,630 | $295,350 | $0 | $0 |
| 2022 | $4,874 | $268,500 | $110,000 | $158,500 |
| 2021 | $4,631 | $244,574 | $0 | $0 |
| 2020 | $4,195 | $222,340 | $100,000 | $122,340 |
| 2019 | $4,157 | $217,460 | $100,000 | $117,460 |
| 2018 | $2,630 | $172,356 | $0 | $0 |
| 2017 | $2,170 | $168,811 | $0 | $0 |
| 2016 | $2,437 | $165,339 | $0 | $0 |
| 2015 | -- | $164,190 | $65,000 | $99,190 |
| 2014 | -- | $152,860 | $58,000 | $94,860 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Price Changed | $359,000 | 0.0% | $233 / Sq Ft |
| 08/27/2025 08/27/25 | For Rent | $2,800 | 0.0% | -- |
| 07/31/2025 07/31/25 | Price Changed | $365,000 | -3.7% | $237 / Sq Ft |
| 06/09/2025 06/09/25 | Price Changed | $379,000 | -2.6% | $246 / Sq Ft |
| 04/08/2025 04/08/25 | Price Changed | $389,000 | -2.5% | $253 / Sq Ft |
| 03/13/2025 03/13/25 | Price Changed | $399,000 | -2.6% | $259 / Sq Ft |
| 02/07/2025 02/07/25 | Price Changed | $409,500 | -1.9% | $266 / Sq Ft |
| 11/01/2024 11/01/24 | For Sale | $417,500 | 0.0% | $271 / Sq Ft |
| 10/31/2024 10/31/24 | Off Market | $417,500 | -- | -- |
| 10/21/2024 10/21/24 | Price Changed | $417,500 | -0.5% | $271 / Sq Ft |
| 09/09/2024 09/09/24 | Price Changed | $419,500 | -2.4% | $272 / Sq Ft |
| 06/21/2024 06/21/24 | Price Changed | $429,900 | -1.1% | $279 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $434,900 | +128.9% | $282 / Sq Ft |
| 11/24/2014 11/24/14 | Sold | $190,000 | -15.5% | $123 / Sq Ft |
| 10/25/2014 10/25/14 | Pending | -- | -- | -- |
| 05/27/2014 05/27/14 | For Sale | $224,900 | -- | $146 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | Buyers Title Inc | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $315,000 | Palm City Title Inc | |
| Warranty Deed | $246,000 | -- | |
| Warranty Deed | $138,900 | -- | |
| Warranty Deed | $133,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $184,000 | New Conventional | |
| Previous Owner | $171,000 | No Value Available | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $240,000 | No Value Available |
Source: Martin County REALTORS® of the Treasure Coast
MLS Number: M20044926
APN: 07-38-41-021-000-00560-6
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.
All listings featuring the MCRTC logo are provided by Martin County REALTORS® of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Martin County REALTORS® of the Treasure Coast, Inc. Information is provided exclusively 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.
Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.
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