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Sold for $320,000
  • $320,000

    1607 SW Shady Lake Terrace, Palm City, FL 34990

    2beds
    1,540sqft
    Villa
    Built in 1995
    4,750 Square Feet Lot
    $322,400 Zestimate®
    $208/sqft
    $3,657 Estimated rent

    Home value

    $322,400

    $290,000 - $361,000

    $3,657/mo

    Zestimate® history
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    What's special

    Rare Cypress Lakes, Divosta built, home in the center of Palm City. Brand new (2023) roof, freshly painted, re-plumbed and a beautiful lake view. Ready for you to bring your furniture. Divosta builds one of the most popular homes and floor plans in Florida. This Capri model overlooks the lake and is shaded by a wonderful oak tree. Cypress Lakes is close to downtown Stuart shopping and restaurants. Palm City is quickly becoming a food and golf destination and this home sits right in the heart of this community. Easy access to I-95 and the Turnpike. Accordian shutters, a new roof and poured concrete construction make this a forever home.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stacy M. Little 772-263-0907,

    Engel & Volkers Stuart,

    John B. Gonzalez 772-631-6450,

    Engel & Volkers Stuart

    Bought with:

    Deana Renee Peterson, 3271408

    RE/MAX of Stuart

    Source: BeachesMLS,MLS#: R11063518MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    • Area: 180
    • Dimensions: 15 X 12
    Bedroom 2
    • Level: Main
    • Area: 168
    • Dimensions: 14 X 12
    Kitchen
    • Level: Main
    • Area: 180
    • Dimensions: 15 X 12
    Living room
    • Level: Main
    • Area: 288
    • Dimensions: 18 X 16
    Heating
    • Central
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Water Heater, Washer
    • Laundry: Laundry Tub
    Features
    • Cathedral Ceiling(s), Entrance Foyer, High Ceilings, Living/Dining Room, Main Level Primary, Split Bedrooms, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Ceramic Tile, Laminate
    Interior area
    • Total structure area: 2,100
    • Total interior livable area: 1,540 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage, Garage Door Opener
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Entry Level Living Area Y
    • Patio & porch: Porch, Screened
    • Exterior features: Outdoor Living Area, Porch
    • Has view: Yes
    • View description: Pond
    • Has water view: Yes
    • Water view: Pond
    • Waterfront features: Pond
    Lot
    • Size: 4,750 Square Feet
    • Features: Sprinklers Automatic, Sprinkler System, Zero Lot Line
    Details
    • Parcel number: 073841021000005606
    • Zoning: R1
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mediterranean
    • Property subtype: Villa
    Materials
    • Concrete
    • Roof: Barrel
    Condition
    • Resale
    • New construction: No
    • Year built: 1995
    Details
    • Builder model: Capri
    • Builder name: DiVosta Homes

    Utilities & green energy

    • Electric: 3 Phase
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Home Owners Association
    • Senior community: Yes
    • Subdivision: CYPRESS LAKE
    HOA
    • Has HOA: Yes
    • Amenities included: None, Sidewalks
    • Services included: Common Areas, Cable TV
    • HOA fee: $289 monthly
    Location
    • Region: Palm City

    Financial & listing details

    • Price per square foot: $208/sqft
    • Tax assessed value: $358,280
    • Annual tax amount: $5,867
    • Date on market: 9/8/2025
    • Cumulative days on market: 233 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    11/7/2025Sold$320,000-8.6%$208/sqft
    Source: BeachesMLS #R11063518 Report a problem
    10/29/2025Pending sale$350,000$227/sqft
    Source: BeachesMLS #RX-11063518 Report a problem
    10/15/2025Price change$350,000-2.5%$227/sqft
    Source: BeachesMLS #RX-11063518 Report a problem
    10/1/2025Listing removed$2,800$2/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20051956 Report a problem
    9/16/2025Price change$359,000-1.6%$233/sqft
    Source: BeachesMLS #RX-11063518 Report a problem
    8/28/2025Listed for rent$2,800+55.6%$2/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20051956 Report a problem
    7/31/2025Price change$365,000-3.7%$237/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    6/9/2025Price change$379,000-2.6%$246/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    4/8/2025Price change$389,000-2.5%$253/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    3/13/2025Price change$399,000-2.6%$259/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    2/7/2025Price change$409,500-1.9%$266/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    10/21/2024Price change$417,500-0.5%$271/sqft
    Source: Engel & Volkers #M20044926 Report a problem
    9/9/2024Price change$419,500-2.4%$272/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    6/21/2024Price change$429,900-1.1%$279/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    5/13/2024Listed for sale$434,900+128.9%$282/sqft
    Source: Martin County REALTORS® of the Treasure Coast (MCRTC) #M20044926 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    3/2/2018Listing removed$1,800$1/sqft
    Source: Owner Report a problem
    2/10/2018Listed for rent$1,800$1/sqft
    Source: Owner Report a problem
    11/24/2014Sold$190,000-5%$123/sqft
    Source: BeachesMLS #R10044402 Report a problem
    8/22/2014Listing removed$199,900$130/sqft
    Source: Homepath #RX-10044402 Report a problem
    7/30/2014Price change$199,900-7%$130/sqft
    Source: Homepath #RX-10044402 Report a problem
    6/28/2014Price change$214,900-4.4%$140/sqft
    Source: Homepath #RX-10044402 Report a problem
    5/28/2014Listed for sale$224,900-28.6%$146/sqft
    Source: Keller Williams Realty of the Treasure Coast #RX-10044402 Report a problem
    5/18/2006Sold$315,000+28%$205/sqft
    Source: Public Record Report a problem
    10/28/2004Sold$246,000+77.1%$160/sqft
    Source: Public Record Report a problem
    8/30/1999Sold$138,900+3.8%$90/sqft
    Source: Public Record Report a problem
    12/18/1996Sold$133,800$87/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,109 +4.1%$357,373 +10%
    2024$5,867 +4.2%$324,885 +10%
    2023$5,630 +15.5%$295,350 +10%
    2022$4,874 +5.2%$268,500 +9.8%
    2021$4,631 +10.4%$244,574 +10%
    2020$4,195 +0.9%$222,340 +2.2%
    2019$4,157 $217,460 +26.2%
    2018$4,157 +58%$172,356 +2.1%
    2017$2,630 $168,811 +2.1%
    2016-- $165,339 +0.7%
    2015-- $164,190 +7.4%
    2014-- $152,860 +9.2%
    2013-- $140,010 -0.8%
    2012-- $141,170 -4.6%
    2011-- $148,030 -0.7%
    2010-- $149,110 -4%
    2009-- $155,310 -14.6%
    2008-- $181,800 -25.2%
    2007$2,431 -1.5%$243,120 -1.5%
    2006$2,467 $246,720 +20%
    2005-- $205,620 +66.6%
    2004$1,802 $123,435
    2003$1,802 +2.4%$123,435 +2.4%
    2002$1,759 +1.7%$120,541 +1.6%
    2001$1,730 +3.2%$118,643 +3%
    2000$1,676 +6.4%$115,187 +5.1%
    1999$1,575 $109,632
    Find assessor info on the county website

    Neighborhood: 34990

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $322,400
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    Estimated market value
    $322,400