NOT LISTED FOR SALE

Estimated Value: $4,778,000 - $5,054,224

7 Beds
10 Baths
4,725 Sq Ft
$1,052/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $4,695,000 $994 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $29,999/month

10 Days on Market

Highlights

  • In Ground Pool
  • Beach House
  • Furnished
  • Dune Lakes Elementary School Rated A-
  • Main Floor Primary Bedroom
  • Great Room

About This Home

As of July 2023

Welcome to 28 Cypress Hill, a stunning new construction home nestled in the desirable neighborhood of Old Seagrove, adjacent to Seaside. This architectural masterpiece, designed by TS Adams and built by Ryan Harp Construction, offers the perfect blend of elegance, luxury, and coastal charm.
Spanning across three spacious floors, this remarkable residence boasts a total of 7 bedrooms, including two primary suites thoughtfully located on the first and second floors. Additionally, two bunk rooms, 8 full baths, and 2 half baths ensure ample space and comfort for all guests.
As you enter the home, you'll be greeted by an open and airy floor plan, featuring a generous great room adorned with shiplap walls and a cozy fireplace. The dining area seamlessly flows into the well-appointed kitchen, complete with top-of-the-line Thermador appliances, a 48" gas range, quartz countertops, and a custom tile backsplash.
Step outside onto the screened-in porch, a true oasis for outdoor living. With a fireplace, a summer kitchen, and captivating views of the outdoor pool area, this space invites you to unwind and entertain in style. The heated saltwater pool and lounge chair area offer the perfect setting for relaxation and enjoyment.
Venture up to the second floor, where you'll find four bedrooms, a bunk room, and a flexible living area designed for relaxation and entertainment. The third floor presents two additional bedrooms (including one bunk room) providing ample accommodations for large groups or extended families.
For the ultimate vantage point, ride the 4-stop elevator up to the magnificent fourth-floor terrace. From this elevated retreat, you'll be treated to breathtaking panoramic views of Seaside and the sparkling Gulf of Mexico. The indoor/outdoor space and comfortable loungers create an ideal setting to savor stunning sunsets and create lasting memories.
This exceptional home is further enhanced by multiple laundry rooms, a 2-car garage, an outdoor shower bath area, hardwood floors, custom tile, and exquisite wood accents, including reclaimed beams, adding character and warmth throughout.
With its generous sleeping capacity of 20+, this property presents an incredible investment opportunity, with rental projections exceeding $378,000+. Notably, there are no HOA fees, allowing you to fully immerse yourself in the coveted Old Seagrove and Seaside Florida lifestyle.
Don't miss the chance to own this luxurious coastal retreat, where impeccable design meets unparalleled comfort. Schedule your private showing today and embrace the coastal living experience at 28 Cypress Hill! Be certain to ask for list of exclusions

Last Agent to Sell the Property

Stuart Kirby

Scenic Sotheby's International Realty Brokerage Email: stuart.kirby@scenicsir.com License #3382309 Listed on: 06/09/2023

Scenic Sotheby's International Realty

Last Buyer's Agent

Jabbour Luxury Group

Scenic Sotheby's International Realty License #BK3325676

Scenic Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,837

Year Built

  • Built in 2022

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 121
  • Property fronts a county road

Parking

  • 2 Car Attached Garage

Home Design

  • Beach House

Interior Spaces

  • 4,725 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Great Room
  • Sitting Room
  • Dining Area
  • Screened Porch

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • Shower Only

Pool

  • In Ground Pool
  • Outdoor Shower

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units

Community Details

  • Seagrove 1St Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25070-00F-0030

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,837

Year Built

Built in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.14
  • Lot Size: 50 x 121
  • Road Frontage Type: County Road
  • Subdivision Name: SEAGROVE 1ST ADD
  • Directions: From Scenic Hwy 30A, turn North onto Dogwood Street, at the first 4 way stop turn left, the right onto Cypress Hill house is on the left
  • Architectural Style: Beach House
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2022
  • Attribution Contact: stuart.kirby@scenicsir.com
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Rooms:Dining Area: Yes
  • Rooms:Sitting Room: Yes
  • Energy:AC - 2 or More: Yes
  • Rooms:Great Room: Yes
  • Special Features: NewHome
  • Stories: 3

Interior Features

  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Interior Amenities: Elevator, Furnished - All
  • Master Bedroom:First: Yes
  • Interior:Elevator: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Pool Features: Pool Type
  • Exterior Features: Pool - In-Ground, Porch Screened, Shower
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Shower: Yes
  • Exterior:Pool - In-Ground: Yes
  • Exterior:Porch Screened: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes

Utilities

  • Utilities: Electric, Public Sewer, Public Water

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 15-3S-19-25070-00F-0030
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6837.28
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2022
Sold by
Exit Properties General Partnership
Bought by
Griffith Steven R
Current Estimated Value
$4,969,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,552,000
Outstanding Balance
$3,360,713
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$1,608,843

Purchase Details

Closed on
Oct 29, 2020
Sold by
Whrm Hardy Investments Llc
Bought by
Exit Properties General Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 25, 2019
Sold by
Calumbo James J and Calumbo James Jay
Bought by
Whrm Hardy Investments Llc

Purchase Details

Closed on
Apr 18, 2012
Sold by
Calumbo Michael J and Calumbo Virginia P
Bought by
Calumbo Michael J and Calumbo James Jay
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Griffith Steven R $100 None Listed On Document
Exit Properties General Partnership $820,995 Limestone T&E Llc
Whrm Hardy Investments Llc $1,200,000 H & S Title And Escrow Inc
Calumbo Michael J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffith Steven R $3,552,000
Previous Owner Exit Properties General Partnership $2,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $4,695,000 -6.0% $994 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $4,995,000 -- $1,057 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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
2024 $35,684 $4,096,566 $1,173,000 $2,923,566
2023 $35,684 $3,778,253 $0 $0
2022 $7,335 $807,574 $807,574 $0
2021 $6,837 $706,353 $706,353 $0
2020 $5,864 $587,477 $587,477 $0
2019 $3,555 $395,311 $0 $0
2018 $3,496 $387,940 $0 $0
2017 $3,398 $379,961 $0 $0
2016 $3,353 $372,146 $0 $0
2015 $3,382 $369,559 $0 $0
2014 $3,401 $366,626 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 925211

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25070-00F-0030