$4,065,000
SOLD APR 4, 2022

2860 Old Cypress N Palm Beach Gardens, FL 33410

5 Beds
6.5 Baths
5,840 Sq Ft
0.48 Acres

Recently Sold

$696 Per Sq Ft

13% Below List Price

53 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • Gated with Attendant
  • William T. Dwyer High School Rated A-
  • Intracoastal View
  • Private Pool

About This Home

As of April 2022

Spectacular, fully renovated estate home on navigable water, intracoastal and ocean access, southern exposure, in the gated community of The Cove. Best lot in the neighborhood with long canal view on 1/2 acre in cul de sac. 5 bedrooms, 6.5 baths, exercise room/6th bedroom, office, and game room. Downstairs master, office, and guest room. New oak flooring throughout, incredible new kitchen, subzero/thermador appliances. All new lighting, pool/spa remodeled, new outdoor kitchen. Quality finishes and construction. New 10,000 pound lift and refinished dock. Poured concrete second floor, impact doors and windows. Just over a mile to the beach.

Last Agent to Sell the Property

Cary Lichtenstein

Echo Fine Properties License #3235347 Listed on: 01/10/2022

Echo Fine Properties

Co-Listed By

Jeff Lichtenstein

Echo Fine Properties License #698097

Last Buyer's Agent

Linda Gallant

Jupiter Lighthouse Realty Inc License #0584907

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,260

Year Built

  • Built in 2003

Lot Details

  • 0.48 Acre Lot
  • Home fronts navigable water
  • Property is zoned RTS

HOA Fees

  • $1,100 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Property Views

  • Intracoastal
  • Canal

Interior Spaces

  • 5,840 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Bar
  • Vaulted Ceiling
  • Fireplace
  • Entrance Foyer
  • Great Room
  • Family Room
  • Den
  • Recreation Room
  • Home Security System

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bidet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Private Pool
  • Property has ocean access
  • Fixed Bridges

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00434120200000090

Community Details

Overview

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

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,260

Year Built

Built in 2003

Lot Details

0

HOA Fees

$1,100 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 to Palmwood, N to Cove entrance on L
  • Year Built: 2003
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Wet Bar, Bidet, Built-in Features, Closet Cabinetry, Dual Sinks, Entrance Foyer, Fireplace, High Ceilings, Pantry, Split Bedrooms, Separate Shower, Vaulted Ceiling(s), Bar, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Marble, Slate, Wood
  • Living Area: 5840.0
  • Dining Room Type: Den, Family Room, Great Room, In-Law Suite, Recreation, Storage Room
  • Stories: 2

Exterior Features

  • View: Canal, Intercoastal
  • Pool Features: Pool
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Fixed Bridge, Navigable Water, Ocean Access
  • Waterfront: Yes
  • Construction Type: Block
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Gated with Guard
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1100.0
  • Community Features: Non-Gated, Street Lights
  • Senior Community: No
  • Amenities: Other
  • Association Fee Frequency: Monthly

Fee Information

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

Lot Info

  • Parcel #: 00434120200000090
  • Lot Size: .48 acre
  • Lot Size Sq Ft: 20892.0
  • Zoning Description: RTS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 25260.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2022
Closed on
Apr 4, 2022
Sold by
Dickerson and Lisa
Bought by
Hamilton Dennis and Hamilton Joanna
Seller's Agent
Cary Lichtenstein
Echo Fine Properties
Buyer's Agent
Linda Gallant
Jupiter Lighthouse Realty Inc
List Price
$4,650,000
Sold Price
$4,065,000
Premium/Discount to List
-$585,000
-12.58%
Current Estimated Value
$4,819,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$754,303
Avg. Annual Appreciation
5.16%
Original Mortgage
$2,439,000
Outstanding Balance
$2,022,342
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$2,823,312

Purchase Details

Listed on
Feb 12, 2020
Closed on
Sep 25, 2020
Sold by
Gaeta Kristen
Bought by
Dickerson Jeff and Dickerson Lisa
Seller's Agent
Allison Nicklaus
NV Realty Group, LLC
Buyer's Agent
Cary Lichtenstein
Echo Fine Properties
List Price
$2,399,000
Sold Price
$1,557,000
Premium/Discount to List
-$842,000
-35.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.01%

Purchase Details

Closed on
Nov 6, 2002
Sold by
Gaeta Neil J and Gaeta Kristen T
Bought by
Gaeta Neil J and Gaeta Kristen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.93%
Mortgage Type
Construction
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 Type Sale Price Title Company
Warranty Deed $4,065,000 Curtis Shenkman Pa
Warranty Deed $1,557,000 Attorney
Interfamily Deed Transfer -- Gardens Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,439,000 New Conventional
Previous Owner $1,000,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $4,065,000 -12.6% $696 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $4,650,000 +198.7% $796 / Sq Ft
09/25/2020 09/25/20 Sold $1,557,000 -35.1% $267 / Sq Ft
08/26/2020 08/26/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $2,399,000 -- $411 / 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 $52,828 $3,241,798 -- --
2023 $56,058 $3,370,565 $1,150,000 $2,220,565
2022 $25,265 $1,506,019 $0 $0
2021 $25,260 $1,462,154 $229,500 $1,232,654
2020 $23,777 $1,364,637 $0 $0
2019 $23,522 $1,333,956 $0 $0
2018 $22,350 $1,309,083 $0 $0
2017 $22,209 $1,282,158 $0 $0
2016 $22,336 $1,255,786 $0 $0
2015 $22,929 $1,247,057 $0 $0
2014 $23,003 $1,237,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Cary Lichtenstein

    Echo Fine Properties

    (561) 379-2020

    32 Total Sales

    Cary Lichtenstein
    Section Image
  • Jeff Lichtenstein

    Seller Co-Listing Agent in 2022

    Jeff Lichtenstein

    Echo Fine Properties

    (561) 346-8383

    993 Total Sales

    Jeff Lichtenstein
    Section Image

  • L

    Buyer's Agent in 2022

    Linda Gallant

    Jupiter Lighthouse Realty Inc

    (561) 628-2054

    21 Total Sales

    Linda Gallant
    Section Image

  • A

    Seller's Agent in 2020

    Allison Nicklaus

    NV Realty Group, LLC

    (561) 346-4329

    37 Total Sales

    Allison Nicklaus
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Christina Nicklaus

    Inactive Member

See All Agents

Map

Source: BeachesMLS

MLS Number: R10768991

BeachesMLS

APN: 00-43-41-20-20-000-0090

Florida Palm Beach County Palm Beach Gardens 33410

2860 Old Cypress N, Palm Beach Gardens, FL

This home is located at 2860 Old Cypress N, Palm Beach Gardens, FL 33410 and is currently priced at $4,065,000, approximately $696 per square foot. This property was built in 2003. 2860 Old Cypress N is a home located in Palm Beach County with nearby schools including William T. Dwyer High School, Lighthouse Elementary School, and Beacon Cove Intermediate 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.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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