NOT LISTED FOR SALE

940 Cypress Cove Way Tarpon Springs, FL 34688

Estimated Value: $1,074,000 - $1,356,000

5 Beds
4 Baths
3,914 Sq Ft
$299/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $840,000 $215 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $7,599/month

3 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Wood Flooring
  • East Lake High School Rated A
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of June 2021

Unbelievably luxurious 5-bedroom, (plus additional office, plus bonus room) 4 bathroom, 3 car garage home in the exclusive gated community of Cypress Cove Estates! You will find all the lavishness you would expect, including a brick-paved driveway, beautiful landscaping, irrigation system, resort styled pool with spillover spa, a covered lanai, and a lush landscaped back yard with a vinyl fence. There is also a brand new roof - 2021! Other features include an open, split floor plan, high ceilings, with open views of the pool and lanai area. All bedrooms enjoy full privacy and ceiling fans. The master bedroom leads to a large master bathroom featuring his and her sinks, a separate tub and shower, and an expansive walk-in closet. The pool is heated and employs a saltwater chlorination system and auto-cleaner. Your new home is built for entertaining, with a combination kitchen/family room that opens to the covered lanai and pool deck. Custom granite counters are found throughout the house, and the center kitchen island is an extra-large slab that is perfect for entertaining. The kitchen has been renovated to include beautiful LED-lit backsplashes, wood cabinets, and stainless steel appliances (including a Bosch dishwasher, a microwave that is also a convection oven, and a customer-made refrigerator). Complimenting the countertops is the beautiful flooring found throughout the house, a combination of hardwood and tile. There are various types of high-end lighting fixtures used, and most of them have dimmer switches. Another unique feature of this extravagant home is the bonus room on the 2nd floor. This bonus room features a custom-made wood wet bar and a custom-made wine storage room with wood racks that can easily store over 750+ bottles of wine. The bonus room also has a hardwood floor and a bathroom just outside the door, making it a great multi-purpose room, and not just for entertaining. Get this high-quality leisure home while you can! This will not last long as it is truly one-of-a-kind! This home is conveniently located near shopping, movies, golfing, parks, beaches and so much more!!!

Last Agent to Sell the Property

Jodi Avery

KELLER WILLIAMS REALTY- PALM H License #604183 Listed on: 05/10/2021

KELLER WILLIAMS REALTY- PALM H

Last Buyer's Agent

Sandy Papadakis

KELLER WILLIAMS REALTY- PALM H License #641935

KELLER WILLIAMS REALTY- PALM H

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,322

Year Built

  • Built in 2003

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 90x160
  • East Facing Home
  • Well Sprinkler System

HOA Fees

  • $233 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,914 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Dry Bar
  • Crown Molding
  • High Ceiling
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Bonus Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Pool Deck
  • Auto Pool Cleaner

Outdoor Features

  • Deck
  • Screened Patio

Location

  • City Lot

Schools

  • Brooker Creek Elementary School
  • East Lake Middle School Academy Of Engineering
  • East Lake High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include maintenance structure
  • Melrose Corporation/Cypress Cove Estates Hoa, Inc. Association, Phone Number (727) 787-3461
  • Visit Association Website
  • Cypress Cove Estates Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,322

Year Built

Built in 2003

Lot Details

0

HOA Fees

$233 per month

Parking

3

Listing Details

  • HOA Fee Includes: Maintenance Structure
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3914
  • Lot Size Acres: 0.33
  • New Construction: No
  • Year Built: 2003
  • Lot Size Sq Ft: 14370
  • Directions to Property: From Tampa Road, proceed North on East Lake Road approximately 5.3 miles, then turn left onto Bryan Lane. Proceed approximately 400 feet, then turn right onto Cypress Cove Way, proceed through the gate (passcode needed) and the property will be on your left (940 Cypress Cove Way)
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8122467?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8122467?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.95455
  • Price per Sq Ft: 214.61
  • Close to Original List Price Ratio: 1.01818
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Porcelain Tile, Hardwood
  • Full Bathrooms: 4
  • Interior Amenities: Crown Molding, Dry Bar, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Street Number Modifier: 940
  • Room Count: 13
  • Additional Rooms: Bonus Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Pool Features: Auto Cleaner, Deck, Gunite, In Ground, Salt Water
  • Exterior Features: Sidewalk, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Deck, Screened
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Faces Side
  • Covered Parking Spaces: 3
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Well, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Sidewalk
  • Association Fee: 2796
  • Association Fee Frequency: Annually
  • Association Name: Melrose Corporation/Cypress Cove Estates HOA, Inc.
  • Phone: 727-787-3461
  • Association: Yes
  • Senior Community: No
  • Association Website: https://melrosecorporation.com/cypress-cove-estate
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 2796
  • Monthly HOA Fee: 233
  • Total Monthly Fees: 233

Schools

  • Elementary School: Brooker Creek Elementary-PN
  • High School: East Lake High-PN
  • Middle Or Junior School: East Lake Middle School Academy of Engineering

Lot Info

  • Zoning: RES
  • Parcel Number: 15-27-16-20193-000-0050
  • Additional Parcels: No
  • Lot Features: City Lot, Sidewalk
  • Lot Dimensions: 90x160
  • Property Attached Yn: No
  • Flood Zone Code: x
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Approval Process: Please contact the property management company (Melrose Corporation) regarding lease restrictions/ applications and short-term rentals. Management Company: 727-787-3461
  • Pet Restrictions: Please contact the Association 727-787-3461
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please contact the Association regarding lease restrictions/ minimum lease prior/ years of ownership prior to leasing/ applications and short-term rentals. Management Company: 727-787-3461

Tax Info

  • Tax Annual Amount: 9322.02
  • Tax Block: 000
  • Tax Book Number: 122-26
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2025
Sold by
Pantazelos Adam P and Pantazelos Asimina Angeliki
Bought by
Adam And Asimina Pantazelos Revocable Trust and Pantazelos
Current Estimated Value
$1,168,563

Purchase Details

Listed on
May 10, 2021
Closed on
Jun 23, 2021
Sold by
Dhaliwal Surinder and Dhaliwal Jagdish
Bought by
Pantazelos Adam Peter and Pantazelos Asimina Angeliki
Seller's Agent
Jodi Avery
KELLER WILLIAMS REALTY- PALM H
Buyer's Agent
Sandy Papadakis
KELLER WILLIAMS REALTY- PALM H
List Price
$825,000
Sold Price
$840,000
Premium/Discount to List
$15,000
1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$548,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2013
Sold by
Dixit Rakesh and Dixit Chandra
Bought by
Dhaliwal Surinder and Dhaliwal Jagdish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2003
Sold by
Nohl Crest Homes Corp
Bought by
Dixit Chandra and Dixit Rakesh
Source: Public Records

Range of Values:

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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
Adam And Asimina Pantazelos Revocable Trust $100 None Listed On Document
Adam And Asimina Pantazelos Revocable Trust $100 None Listed On Document
Pantazelos Adam Peter $860,000 East Lake Title Inc
Dhaliwal Surinder $400,000 Integrity National Title Inc
Dixit Chandra $583,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pantazelos Adam Peter $548,000
Previous Owner Dhaliwal Surinder $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $840,000 -4.5% $215 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/11/2021 05/11/21 Price Changed $880,000 +6.7% $225 / Sq Ft
05/10/2021 05/10/21 For Sale $825,000 -- $211 / Sq Ft
Source: Stellar MLS

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 $14,263 $845,751 -- --
2023 $14,263 $821,117 $0 $0
2022 $13,913 $797,201 $127,291 $669,910
2021 $9,333 $520,661 $0 $0
2020 $9,322 $513,472 $0 $0
2019 $9,181 $501,928 $0 $0
2018 $9,074 $492,569 $0 $0
2017 $9,013 $482,438 $0 $0
2016 $8,953 $472,515 $0 $0
2015 $9,088 $469,230 $0 $0
2014 $9,052 $465,506 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8122467

Stellar MLS

APN: 15-27-16-20193-000-0050