Preserve At Cypress Lakes
Homes for Sale in Oldsmar, FL
All 178 homes for sale in Oldsmar, FL · median $333,500 · 149 homes for sale in 34677 · Pinellas County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
Over the 12 months ending 2026-09-20, 5 recorded sales closed at a median of $577,000, $269 per square foot, a median 61 days on market, sellers accepting 90% of original asking. Homes listed or recently sold were built 1997–1998; 6 of 6 report an HOA (median $132/mo); none of the 6 geocoded homes sit in a FEMA special flood hazard zone (median elevation 15 ft). At the median price and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $11,190 ($10,370 with the full homestead exemption).
Part of the Cypress Lakes the master-planned community in Oldsmar, FL — see all Cypress Lakes the homes for sale (1 listing across 5 villages and sections in the MLS).
Last 30 days in Preserve At Cypress Lakes: 1 closed sale (median $535,000). As of October 24, 2026, Listings courtesy of Stellar MLS as distributed by MLS GRID.
Preserve At Cypress Lakes Ph I is a fully built-out pocket of 133 homes in Oldsmar, all dating to a narrow 1997-2000 construction window with a median build year of 1999. That tight age band matters: what separates one asking price from the next here isn't square footage swings so much as condition and updates. At a median of $577,000 and roughly $269 per square foot on a median home near 2,078 square feet, price is condition-driven. A home carrying original finishes and one that has been renovated can sit far apart on the same block.
The current posture leans toward patience on both sides. Median days on market sits at 61 — call it two months — which is a market that rewards correct pricing and punishes hopeful pricing. For sellers, that means presentation and a realistic number matter more than urgency. For buyers, it means there's room to underwrite carefully rather than chase. With only 5 closings in the trailing window, individual sales carry real weight, so read comps here one home at a time rather than as a trend line.
Figures in this note are as of July 13, 2026. The live market numbers elsewhere on this page update nightly and are newer.
The 60-Second Overview
Preserve At Cypress Lakes market snapshot (as of September 20, 2026): the median sale price is about $577K ($269 per sq ft over the trailing 12 months of closed sales), and a median 61 days on market for closed sales.
In ZIP 34677 (Oldsmar), 439 homes closed in the last 12 months at a median of $365K ($239/sq ft), down 4.5% year over year, with a median 61 days on market. Right now 90 active and 20 pending listings put supply at about 4.7 months — a buyer's market. See the live ZIP 34677 housing market and the Pinellas County market.
County records show 5 qualified sales in Preserve At Cypress Lakes across 2024–2025 (4 in 2024, 1 in 2025), median $500,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Preserve At Cypress Lakes is a community of 133 homes in Oldsmar, Pinellas County, built between 1997 and 2000 (median 1999), with a median living area of about 2,078 square feet. 84% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
A small, established Oldsmar community of 133 homes built within a three-year span at the turn of the millennium, where a high owner-occupancy share (roughly 84% homesteaded) points to a stable, hold-oriented street rather than an investor churn.
The setting & the homes.
Aerial and on-site photos of Preserve At Cypress Lakes. Swipe to explore the community.
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Preserve At Cypress LakesPhotos from Stellar MLS listings in Preserve At Cypress Lakes; content deemed reliable but not guaranteed.
Who Preserve At Cypress Lakes is best for.
Best for
- Long-term owner-occupants who want to buy once and hold in a stable, built-out community
- Buyers comfortable budgeting for updates on late-1990s homes to capture value below the renovated end of the market
- Patient buyers willing to wait for the right listing in a low-turnover community
Probably not for
- Buyers needing a quick purchase from a deep, always-available inventory
- Investors chasing high turnover or short-hold flips in an owner-occupied community
- Buyers wanting new construction or a home with no deferred-maintenance considerations
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($577K) IS the median in the snapshot above.
Windows contain 0 to 5 sales each (5 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Deemed reliable but not guaranteed.
19% of homes for sale in ZIP 34677 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Preserve At Cypress Lakes Market Scorecard
Preserve At Cypress Lakes is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Stellar MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Preserve At Cypress Lakes 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 contributors.
The Preserve At Cypress Lakes buying strategy.
If we were buying in Preserve At Cypress Lakes 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.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
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 Preserve At Cypress Lakes.
A built-out community where condition sets the price
Because every home dates to 1997-2000, the value question is almost entirely about what's been done since. Roofs, HVAC, kitchens, and baths from the original build are now well into replacement territory, so the median $577,000 tells you the middle of the market, not the spread. Expect a wide gap between updated and original homes, and budget your due diligence accordingly — the inspection here is where the real negotiating happens.
The high homestead share (about 84%) signals that most homes are owner-occupied and held, which typically means fewer listings and less turnover. Combined with just 5 recent closings and a 61-day median on market, this is a low-volume community: good inventory doesn't appear constantly, and when a well-kept home lists at a fair number, it deserves a serious look rather than a wait.
The location and the amenities are priced into every listing in Preserve At Cypress Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a thin-volume community like this, generic pricing models fall apart — with only a handful of recent closings, every comp has to be weighed by hand for condition and updates. We read these homes individually, help buyers underwrite deferred maintenance on late-1990s construction before it becomes a surprise, and help sellers land the number that actually moves in a 61-day market instead of testing an aspirational price for two months.
Preserve At Cypress Lakes in 15 seconds.
Tools for a Preserve At Cypress Lakes buy.
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Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Preserve At Cypress Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Preserve At Cypress Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Preserve At Cypress Lakes home worth?
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Recently off market in Preserve At Cypress Lakes Ph I The
Homes in Preserve At Cypress Lakes Ph I The that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 1 on record.
- 416 Cypress View Drive · off market
| Location | Oldsmar, Pinellas County, FL · ZIP 34677 |
|---|---|
| Homes in the community | 133 (FL DOR 2025 assessment roll) |
| Years built | 1997–2000 (median 1999) |
| Typical living area | 2,078 sq ft (median) |
| Home types (current listings and sales) | single-family 100% |
| Amenities listed by sellers | Deed Restrictions |
| Sale prices, last 12 months | $577,000 median across 5 closed sales · $269 per sq ft |
| Days on market (closed sales) | 61 median |
| For sale right now | 0 active, 1 pending |
| Owner-occupied (homestead) share | 84% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Preserve At Cypress Lakes key facts,” movewithmomentum.com/neighborhoods/preserve-at-cypress-lakes-ph-i-the, data as of September 20, 2026.
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Oldsmar guides & data
- Market data
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- Property taxes (Pinellas County)
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Florida buyer guides
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What it really costs to own in Preserve At Cypress Lakes
The parts of the monthly number a mortgage calculator leaves out, from the tax roll, the MLS, Citizens and FEMA. Property facts only.
| HOA dues | Median $132/month across 6 MLS listings (most billed monthly; 2026-10-24). Dues cover what the documents say they cover; ask for the budget and reserve study. |
|---|---|
| Home and flood insurance | The average Citizens Property Insurance premium in Pinellas County is $1,911/yr (20,791 policies, Citizens detail by county, April 2026); private-market quotes depend on roof age, wind mitigation and construction. |
| Roof and age | Median build year 1998 across 6 listings. An original roof here would be about 28 years old; under Florida's 2022 reform (SB 2-D) carriers may require an inspection past 15 years, so budget for a roof report, and for replacement where it fails. |
Recent Developments in Preserve At Cypress Lakes Ph I The
Development, infrastructure, retail, and school activity affecting Preserve At Cypress Lakes Ph I The, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Development
ClearView apartments complete at $1 billion Echelon City Center in St. Petersburg
The 363-unit ClearView community, with ground-floor retail, is complete within the Echelon City Center development by Third Lake Partners and Echelon. A 3rd & 3rd residential high-rise with ground-floor retail is expected to open in the first quarter of 2027.
What it may mean for the marketNew downtown apartments and walkable retail add rental inventory and amenities in central St. Petersburg. The project is about 27 miles southwest of Preserve At Cypress Lakes Ph I The, elsewhere in Pinellas County.
Source: Tampa Bay Business and Wealth - August 2026Development
AECOM Hunt selected as construction manager for proposed $2.3 billion Rays ballpark in Tampa
AECOM Hunt joined the design team led by Populous for the proposed ballpark on a site that includes Hillsborough College property. The stadium would have at least 28,000 fixed seats, with a construction start targeted for September 2026 and completion by late 2028. Tampa's public contribution is up to $80 million and financing is not finalized.
What it may mean for the marketA large ballpark and surrounding mixed-use district would add construction jobs, event traffic and retail demand on the Dale Mabry corridor. The site is about 11 miles southwest of Preserve At Cypress Lakes Ph I The.
Source: Tampa Bay Business and Wealth - July 2026Infrastructure
St. Pete approves temporary downtown dock for Tampa Bay ferry
The St. Petersburg City Council approved a temporary ferry dock on Bayshore Boulevard near the Vinoy in downtown St. Petersburg under a three-year contract costing about 324,200 dollars. Hubbard's Marina will operate cross bay service between downtown St. Petersburg and the Tampa Convention Center, with two vessels running year round. Service is expected to begin in October or November.
What it may mean for the marketEstablishes a temporary downtown dock and cross bay ferry connection, adding a new transit option and waterfront infrastructure serving the downtown St. Petersburg market. The project is about 27 miles southwest of Preserve At Cypress Lakes Ph I The, elsewhere in Pinellas County.
Source: FOX 13 Tampa Bay - July 2026Development
St. Pete advances housing plan for nine vacant city lots
The St. Petersburg City Council unanimously approved a first reading of an ordinance to place a measure on the November 3 ballot that would remove nine vacant city lots in Methodist Town from the city's Charter Park and Waterfront Map. The change would allow up to 41 units of affordable or workforce housing, with four lots planned for single family homes and five larger parcels for multifamily housing. The lots have held park designations since 1984 but have remained vacant.
What it may mean for the marketAdvances a plan to convert nine vacant city lots into new single family and multifamily housing, adding to local housing inventory. Placing the parcels on the ballot could open long dormant land for residential construction. The project is about 27 miles southwest of Preserve At Cypress Lakes Ph I The, elsewhere in Pinellas County.
Source: St Pete Catalyst - July 2026Development
Blake-Related team selected to redevelop 86-acre Historic Gas Plant District
St. Petersburg selected a bid led by Blake Investment Partners, with the Related Group as co-developer, to redevelop the 86-acre Historic Gas Plant District at the Tropicana Field site. The roughly 8.1 billion dollar mixed use plan calls for more than 3,600 income-restricted residential units, a 13-acre central park, and office, retail, hotel and civic space over an estimated 20-year buildout. The developers plan to purchase about 58 acres while the city retains roughly one third.
What it may mean for the marketAdds a large mixed use district with thousands of new residential units, a central park, and office, retail, hotel and civic space to the downtown St. Petersburg market. Redevelopment of the Tropicana Field site reshapes the surrounding property landscape and expands housing supply. The project is about 28 miles southwest of Preserve At Cypress Lakes Ph I The, elsewhere in Pinellas County.
Source: Florida YIMBY
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
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An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: October 19, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 34677)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2012 (18 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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