NOT LISTED FOR SALE

2818 Old Cypress N Palm Beach Gardens, FL 33410

Estimated Value: $2,735,000 - $3,356,000

4 Beds
4 Baths
3,929 Sq Ft
$793/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $3,100,000 $789 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $20,292/month

30 Days on Market

Highlights

  • In Ground Spa
  • Gated Community
  • Canal View
  • William T. Dwyer High School Rated A-
  • Waterfront
  • Marble Flooring

About This Home

As of March 2024

A rare find! One level waterfront home w/ dock, is beautifully situated in the scenic + serene enclave of The Cove, featuring 20 custom homes. This 4 BR + Office + Den home will delight on every level. A grand brick driveway welcomes you to this South facing home offering nearly 4,000 SF of living space. Bright + airy interiors with 12' ceilings are freshly painted w/ a neutral color palette. Classic + timeless design elements include marble + newly installed wood floors (no carpet in the home), coffered ceilings + custom window treatments. A graceful entry foyer leads to the formal living room w/ bar area. The Huge family room is adjacent to a modern chef's kitchen w/ pantry, 6 burner gas range, cabinets w/ pullouts and quartz counters + Island. Impact Windows + Doors throughout.

Last Listed By

Jennifer Hyland

The Corcoran Group License #3060273 Listed on: 02/15/2024

The Corcoran Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,132

Year Built

  • Built in 2005

Lot Details

  • 0.38 Acre Lot
  • Waterfront
  • Property is zoned RTS

HOA Fees

  • $1,045 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Canal
  • Garden
  • Pool

Home Design

  • Mediterranean Architecture
  • Barrel Roof Shape

Interior Spaces

  • 3,929 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • High Ceiling
  • French Doors
  • Combination Kitchen and Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Security Gate
  • Impact Glass

Pool

  • In Ground Spa
  • Heated Pool

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00434120200000020

Community Details

Overview

  • Association fees include common areas, ground maintenance, pool(s), security
  • The Cove Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,132

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,045 per month

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Donald Ross Road just West of ICW Bridge, North on Palmwood, 1/4 - 1/3 mile, gate on left.
  • Year Built: 2005
  • Architectural Style: Mediterranean
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Built-in Features, Breakfast Area, Dual Sinks, French Door(s)/Atrium Door(s), High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s)
  • Private Spa: Yes
  • Furnished: Unfurnished
  • Spa Features: In Ground
  • Appliances: Built-In Oven, Dryer, Dishwasher, Gas Range, Microwave, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Flooring: Marble, Wood
  • Living Area: 3929.0
  • Dining Room Type: Den, Laundry, Storage Room
  • Stories: 1
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Outdoor Grill, Patio
  • View: Canal, Garden, Pool
  • Pool Features: Heated, Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Barrel

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Security Gate
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Association Fee: 1045.0
  • Community Features: Gated, Street Lights, Sidewalks
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Pool(s), Security

Lot Info

  • Parcel #: 00434120200000020
  • Lot Size: 1/4 to 1/2 Acre,Sidewalk
  • Lot Size Sq Ft: 16696.0
  • Zoning Description: RTS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 21132.0

Multi Family

  • Number Of Units In Community: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 28, 2024
Sold by
Musumeci Joseph Brannan and Grieco Maressa S
Bought by
Higginson William B and Pierce Sean A
Seller's Agent
Jennifer Hyland
The Corcoran Group
Buyer's Agent
Robert Bosso
Robert Bosso Rlty Ser., Inc
List Price
$3,300,000
Sold Price
$3,100,000
Premium/Discount to List
-$200,000
-6.06%
Total Days on Market
30
Views
66
Current Estimated Value
$3,117,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,007
Avg. Annual Appreciation
2.34%

Purchase Details

Listed on
Nov 18, 2019
Closed on
Mar 12, 2020
Sold by
Higgins Jay F and Higgins Gail J
Bought by
Musumeci Joseph Brannan and Grieco Maressa S
Seller's Agent
Jennifer Hyland
The Corcoran Group
List Price
$1,600,000
Sold Price
$1,450,000
Premium/Discount to List
-$150,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.75%
Original Mortgage
$1,108,000
Interest Rate
2.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2003
Sold by
Bhd I Llc
Bought by
Higgins Jay F and Higgins Gail J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2002
Sold by
Gaeta Ltd Partnership
Bought by
Bhd I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,080,000
Interest Rate
6.86%
Mortgage Type
Construction

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
Higginson William B $3,100,000 Counselors Title
Musumeci Joseph Brannan $1,435,000 Attorney
Higgins Jay F $315,000 --
Bhd I Llc $1,975,000 Gardens Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Musumeci Joseph Brannan $1,108,000
Previous Owner Higgins Jay F $855,000
Previous Owner Bhd I Llc $4,080,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $3,100,000 -6.1% $789 / Sq Ft
03/17/2024 03/17/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $3,300,000 +127.6% $840 / Sq Ft
03/18/2020 03/18/20 Sold $1,450,000 -9.4% $369 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
11/18/2019 11/18/19 For Sale $1,600,000 -- $407 / Sq Ft
Source: BeachesMLS

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 $21,604 $1,331,882 -- --
2023 $21,132 $1,293,089 $0 $0
2022 $21,025 $1,255,426 $0 $0
2021 $21,011 $1,218,860 $229,500 $989,360
2020 $17,967 $1,035,224 $0 $0
2019 $17,773 $1,011,949 $0 $0
2018 $16,878 $993,080 $0 $0
2017 $16,758 $972,654 $0 $0
2016 $16,851 $952,648 $0 $0
2015 $17,295 $946,026 $0 $0
2014 $17,350 $938,518 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10960140

BeachesMLS

APN: 00-43-41-20-20-000-0020