Seller's Agent in 2025
Sue Myhelic
Gulf Breeze Real Estate LC
(239) 216-6444
5 in this area
168 Total Sales
175 Cypress Way E Unit B205 Naples, FL 34110
Palm River Estates Neighborhood
2
Beds
2
Baths
1,134
Sq Ft
$500/mo
HOA Fee
Highlights
- Lake Front
- Lakefront Beach
- Community Pool
- Veterans Memorial Elementary School Rated A
- Clubhouse
- Screened Balcony
About This Home
As of June 2025So Unbelievable and an Outstanding Opportunity!!!!
The generous seller will hold paper for a qualified buyer.
This wonderful condo complex only has 12 units total. This second floor condo has been totally gutted and redone with all of the upgrades you would want to have. NEW PLUMBING AND PIPES EVERYWHERE, NEW ELECTRIC EVERYWHERE, NEW TRIM AND BASEBOARDS!! BEAUTIFUL AND READY FOR A DISCRIMINATING BUYER!!!
The kitchen is totally redone with new cabinets, quartz countertops and backsplash, upgraded Whirlpool appliances and soft close cabinets with pull out shelving. Simply the best!! New flooring throughout is luxury vinyl with plank design. A decorators dream!!! The Master features a Barn Door close to the bath with double sinks and a huge walk in closet featuring California Closet design. Not a dime was spared for this luxury unit. The second bath has a tub and shower combo and a huge sink. Brand new A/C along with the new 125 amp electrical box, and the hot water heater is only 1 year old, this unit truly is top notch. The lake view is simply wonderful and there is a lovely walking path to the pool that is shared with the other units in the area. Lower fees for sure! Four new ceiling fans, and the carport that was damaged in Hurricane Ian is slated to be replaced.
You will be wonderfully surprised!!!
Last Agent to Sell the Property
Gulf Breeze Real Estate LC License #NAPLES-249510436 Listed on: 04/09/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,055
Year Built
- Built in 1985
Lot Details
- Lake Front
- East Facing Home
HOA Fees
- $500 Monthly HOA Fees
Parking
- 1 Detached Carport Space
Home Design
- Condo Hotel
- Entry on the 2nd floor
- Concrete Block With Brick
- Shingle Roof
- Stucco
Interior Spaces
- 1,134 Sq Ft Home
- 1-Story Property
- Single Hung Windows
- Family or Dining Combination
- Vinyl Flooring
- Lake Views
Kitchen
- Self-Cleaning Oven
- Range
- Microwave
- Ice Maker
- Dishwasher
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
- Dual Sinks
- Shower Only
Laundry
- Dryer
- Washer
Home Security
Outdoor Features
- Screened Balcony
Schools
- Veterans Memorial Elementary School
- North Naples Middle School
- Gulf Coast High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
- High Speed Internet
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 53550920001
- Tax Block B
Community Details
Overview
- 12 Units
- Low-Rise Condominium
- Lakeview Gardens Condo
- Palm River Community
- Mandatory home owners association
- Lakefront Beach
Recreation
- Community Pool
- Bike Trail
Pet Policy
- Pets Allowed
Additional Features
- Clubhouse
- Fire and Smoke Detector
Matterport 3D Tour
Floorplan
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
Jun 18, 2025
Sold by
Lakeview Gardens Development Corporation
Bought by
Church Annika
Seller's Agent
Sue Myhelic
Gulf Breeze Real Estate LC
Buyer's Agent
Patrick Morton
Coldwell Banker Realty
List Price
$299,750
Sold Price
$290,000
Premium/Discount to List
-$9,750
-3.25%
Views
297
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,180
Avg. Annual Appreciation
-9.91%
Original Mortgage
$265,000
Outstanding Balance
$264,313
Interest Rate
6.76%
Mortgage Type
Balloon
Estimated Equity
$9,507
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $290,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $265,000 | Balloon |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | Sold | $290,000 | -1.9% | $256 / Sq Ft |
| 05/17/2025 05/17/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | Price Changed | $295,750 | -1.3% | $261 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $299,750 | -- | $264 / Sq Ft |
Source: Naples Area Board of REALTORS®
Tax History Compared to Growth
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 | $2,055 | $199,719 | -- | -- |
| 2024 | $2,143 | $181,563 | -- | -- |
| 2023 | $2,143 | $165,057 | -- | -- |
| 2022 | $1,868 | $150,052 | $0 | $0 |
| 2021 | $1,549 | $136,411 | $0 | $0 |
| 2020 | $1,462 | $124,010 | $0 | $0 |
| 2019 | $1,408 | $112,736 | $0 | $0 |
| 2018 | $1,338 | $102,487 | $0 | $0 |
| 2017 | $1,266 | $93,170 | $0 | $0 |
| 2016 | $1,104 | $84,700 | $0 | $0 |
| 2015 | $988 | $77,000 | $0 | $0 |
| 2014 | -- | $70,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sue Myhelic
-
Patrick Morton
Buyer's Agent in 2025
Patrick Morton
Coldwell Banker Realty
(941) 330-7608
3 in this area
57 Total Sales
Map
Source: Naples Area Board of REALTORS®
MLS Number: 225036504
APN: 53550920001
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.
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2025 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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