2602 CYPRUS DRIVE, Palm Harbor, FL, 34684 | $390,000

NEW PRICE IMPROVEMENT! Discover a private waterfront retreat tucked along the serene canals of Palm Harbor, just minutes from the open waters of Lake Tarpon. This beautifully maintained 2-bedroom, 2-bath home blends timeless Old Florida character with thoughtful modern updates, creating a warm and inviting atmosphere from the moment you arrive. Lush tropical landscaping, natural wood accents, and peaceful water views give the property a relaxed coastal retreat feel rarely found at this price point. Inside, the spacious living area is filled with charm, featuring exposed wood-beam ceilings and an inviting cottage-inspired aesthetic. The enclosed Florida room offers a cozy year-round escape with tranquil canal views and a wood-burning fireplace with propane connection available. The updated kitchen combines style and functionality with stone countertops, stainless-steel appliances, and ample workspace, while the remodeled secondary bath adds a fresh modern touch. A dedicated office with built-in shelving and a separate indoor laundry room with patio access provide added flexibility and convenience. Step outside and experience the true highlight of the home—an expansive covered waterfront patio designed for relaxing, entertaining, and embracing the Florida lifestyle. Boating enthusiasts will love the private dock featuring a 10, 000-pound boat lift, covered slip, and quick access to Lake Tarpon. Above the boathouse, a spacious rooftop deck creates the perfect setting for sunset gatherings, outdoor dining, or simply enjoying the peaceful canal views. Major recent improvements including a new roof (2025) and newer A/C (2023) offer peace of mind. Whether you're searching for a full-time waterfront residence, weekend getaway, or unique Florida retreat, this canal-front property delivers privacy, character, and an exceptional boating lifestyle in one of Palm Harbor’s most desirable waterfront settings.

Features

  • Rooms: 3
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Year Built: 1957
  • Heating: Central, Electric, Wall Units / Window Unit
  • Cooling: Central Air, Wall/Window Unit(s)
  • Approx Sq. Feet: 1,307
  • Acreage: 0.13
  • Est. Taxes: $1,479
  • Lot Desc: FloodZone, Landscaped, Level, Near Public Transit, Street Dead-End, Unincorporated
  • View: Water
  • Water Front: Yes
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • MLS#: TB8482876
  • Days on Market: 65 days
  • Website: https://www.raveis.com
    /prop/TB8482876/2602cyprusdrive_palmharbor_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/18/2026 4:02:09 PM)
Listing courtesy of Coldwell Banker Realty   Phone: 727-781-3700

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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2602 CYPRUS DRIVE, Palm Harbor, FL, 34684

$390,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $312,000 $312,000 $312,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.500% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.375% 6.638% 5.972%
Monthly Tax Payment $123 $123 $123
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,921 $1,972 $2,591
Total Monthly Payment $2,119 $2,170 $2,789

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.