CYPRESS LAKES ESTATES PH I
Homes for Sale in TARPON SPRINGS, FL
True comps, carrying-cost math, and listings before the portals.
Cypress Lakes Estates Ph I is a small enclave of 57 homes, and right now only 2 are active on the market. That thin inventory, paired with 12.0 months of supply, puts this squarely in buyer-leaning territory: there is room to negotiate, but there is also not much to choose from at any given moment. When a listing appears here, it tends to sit longer than in higher-turnover communities simply because the buyer pool for this size and price point is narrower.
The bigger driver of value in this community is the home itself, not the market cycle. Homes span construction from 1988 to 2023, with a median year built of 1996, so buyers are looking at a real mix of original systems and updated builds under one HOA. Median living area runs large at 4,630 square feet, which means this is not an entry-level footprint community — condition, floor plan, and how well a given home has been maintained will matter more than timing the market.
CYPRESS LAKES ESTATES PH I right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of August 2, 2026. Confidence: Low (2 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
This is a low-turnover, larger-footprint community where homestead occupancy sits at roughly 80.7%, suggesting most owners are settled in for the long term rather than cycling through as rentals or quick flips.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of CYPRESS LAKES ESTATES PH I. Swipe to explore the community.
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CYPRESS LAKES ESTATES PH IWho CYPRESS LAKES ESTATES PH I is best for.
Best for
- Buyers who want a larger single-family floor plan and are comfortable evaluating a home's individual condition rather than relying on new construction
- Buyers who can be patient and move quickly once a rare listing appears in a 57-home community
- Buyers comfortable with deed restrictions covering fencing, parking, and vehicle types in exchange for a consistent community appearance
Probably not for
- Buyers who want to compare multiple active listings before deciding — inventory here is too thin for that
- Buyers needing to park a truck, RV, or motorcycle on-site without first confirming HOA allowances
- Buyers seeking a compact, low-square-footage home, since the typical living area here runs well above that size
The market around CYPRESS LAKES ESTATES PH I
CYPRESS LAKES ESTATES PH I is a small community — 22 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
In ZIP 34688, 77 homes are on the market and 18% are under contract — a steady corner of TARPON SPRINGS.
Across Pinellas County, 6,999 homes are active and 1,872 pending (21% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not CYPRESS LAKES ESTATES PH I specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in CYPRESS LAKES ESTATES PH I, TARPON SPRINGS
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in CYPRESS LAKES ESTATES PH I
Live MLS inventory for CYPRESS LAKES ESTATES PH I. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending CYPRESS LAKES ESTATES PH I listings as of 2026-08-23, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2016 through 2025. Tap any home to ask about it.
CYPRESS LAKES ESTATES PH I on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Life at CYPRESS LAKES ESTATES PH I
- Deed Restrictions · reported on 2 of 3 listings
- Golf Carts OK · reported on 1 of 3 listings
- Irrigation-Reclaimed Water · reported on 1 of 3 listings
- Fence Restrictions · reported on 1 of 3 listings
- Vehicle Restrictions · reported on 1 of 3 listings
- No Truck/RV/Motorcycle Parking · reported on 1 of 3 listings
- Security Lights · reported on 1 of 3 listings
Community amenities as reported across Stellar MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.
Schools
- Pinellas County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Brooker Creek Elementary-PN · Elementary
- Tarpon Springs Middle-PN · Middle
- East Lake High-PN · High
Zoned schools reflect the assignments reported on recent CYPRESS LAKES ESTATES PH I listings and can change; always confirm with Pinellas County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any CYPRESS LAKES ESTATES PH I address.
The CYPRESS LAKES ESTATES PH I buying strategy.
If we were buying in CYPRESS LAKES ESTATES PH I today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in CYPRESS LAKES ESTATES PH I.
A tight, large-format pocket of Tarpon Springs
With only 57 homes total and just 2 currently listed, Cypress Lakes Estates Ph I trades infrequently. That scarcity is the defining feature of the market here — it is not a subdivision where you can shop five comparable listings side by side. Buyers need to be ready to move when something in their range and condition tolerance comes up, and sellers should expect a longer marketing runway given the 12.0 months of supply.
The HOA framework here is oriented around a consistent, low-maintenance streetscape: deed restrictions, fence restrictions, vehicle restrictions, and a no truck/RV/motorcycle parking policy, plus security lighting and reclaimed water irrigation. Golf carts are permitted, which fits the community's layout. None of this is unusual for a deed-restricted community of this vintage, but buyers who want to store a boat, RV, or work truck on-site will want to confirm allowances directly with the HOA before writing an offer.
The location and the amenities are priced into every listing in CYPRESS LAKES ESTATES PH I. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with only 2 active listings, off-market awareness and a fast, well-prepared offer matter more than usual. We track this pocket of Tarpon Springs closely enough to flag a listing the moment it surfaces, and we can help you read a 4,630-square-foot floor plan against a build date that could be anywhere from 1988 to 2023 — the age spread alone changes what an inspection needs to focus on.
CYPRESS LAKES ESTATES PH I in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a CYPRESS LAKES ESTATES PH I buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed CYPRESS LAKES ESTATES PH I sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in CYPRESS LAKES ESTATES PH I, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your CYPRESS LAKES ESTATES PH I home worth?
Get a no-obligation home value based on real comparable sales in CYPRESS LAKES ESTATES PH I, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in CYPRESS LAKES ESTATES PH I on the map →
Frequently Asked Questions
Is CYPRESS LAKES ESTATES PH I a buyer's or seller's market right now?
How many homes are in CYPRESS LAKES ESTATES PH I?
What share of CYPRESS LAKES ESTATES PH I is owner-occupied?
When were the homes in CYPRESS LAKES ESTATES PH I built?
Do cash buyers compete in CYPRESS LAKES ESTATES PH I?
Who is the best real estate agent for CYPRESS LAKES ESTATES PH I?
How do I find a top TARPON SPRINGS real estate agent who knows CYPRESS LAKES ESTATES PH I?
Can Momentum Realty connect me with an agent for CYPRESS LAKES ESTATES PH I?
Should you buy in CYPRESS LAKES ESTATES PH I?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near CYPRESS LAKES ESTATES PH I with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: August 2, 2026) |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2016 (9 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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