A neighborhood in Palm City, Florida
Cypress Lake, Palm City
A neighborhood of 88 single-family homes on one street, SW Shady Lake Terrace, in Palm City, recorded as Phase I of the Cypress Pointe PUD and dated by the county roll to 1995.
Homes, years and sizes: Martin County property records (2025 tax roll).
Overview
About Cypress Lake
Cypress Lake is a one-street neighborhood: all 88 houses are on SW Shady Lake Terrace, around a water management lake. The county roll dates every one of them to 1995.
A typical house has about 1,540 square feet of living area, most between about 1,540 and 1,680, on a lot of about a tenth of an acre, so the floor plans are close in size.
It was recorded as Cypress Lake Phase I of the Cypress Pointe PUD (PB 13, page 71). The roll lists the roadway, a lake of about two and a half acres and a common area of about two acres, held by the homeowners association.
It sits near Pine Ridge at Martin Downs and Monarch. It is in unincorporated Martin County with a Palm City address in the 34990 ZIP, so the county sets zoning, permits and building rules.
At a glance
- Streets
- SW Shady Lake Terrace
- Home type
- Single-family homes
- Built
- Mostly 1995
- Living area
- About 1,540 to 1,680 sq ft
- Zip code
- 34990
- County
- Martin County
- Association
- Cypress Lake Homeowners Association of Martin County, Inc.
- Manager
- Coastal Property Management
On the market now
Homes for Sale in Cypress Lake
Listings inside the boundary of Cypress Lake, newest first, updated through the day from BeachesMLS. Right now 1 home is listed, asking $400,000.
$399,900
Active Under Contract
1664 SW Shady Lake Terrace Palm City, Florida
2 Beds 2 Baths 1,540 SqFt 0.13 Acres
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than Douglas Elliman Real Estate are identified with the listing firm’s name on each listing’s detail page. Listing data last updated Thursday, November 5th, 2026 at 05:56:42 AM.
Closed sales
The Cypress Lake Market
Closed sales inside the boundary of Cypress Lake, every home type together. Medians and the middle range say more than any average, and in a community this size a single unusual sale can move a year.
Two closed sales in twelve months is a thin sample, so read the median as a marker, not a price for any one home. We pull every closing here for any home you are considering.
| Measure | Last 12 months | Year before | Change |
|---|---|---|---|
| Homes sold | 2 | 3 | -33% |
| Median sale price | $358,000 | $420,000 | -15% |
| Median price per sq ft | $221 | $250 | -12% |
| Active listings now | 1 | ||
| Months of supply now | 6.0 |
BeachesMLS closed sales inside the boundary of Cypress Lake, twelve months through October 2026, via IDX Broker. Active listings now is live from the MLS feed; the median asking price updates monthly. Listing information deemed reliable but not guaranteed.
Association and costs
The Cypress Lake Association and What It Costs
Who runs the association, what governs it, and what current listings say the fee is.
| Association | Cypress Lake Homeowners Association of Martin County, Inc. |
|---|---|
| Florida corporate record | Sunbiz document N94000004148, filed August 23, 1994 (opens in a new tab) |
| Management company | Coastal Property Management |
| Governed by | Chapter 720, Florida Statutes (homeowners’ associations) |
Association Fees From Current Listings
| Association fee, median | $289 a month |
|---|---|
| Typical range | $286 to $293 a month |
| Usually covers | Cable TV, Common Areas |
| Club membership | Not required |
From 3 current and recent BeachesMLS listings in Cypress Lake, via IDX Broker, refreshed weekly. Fees are monthly equivalents of the association fees in each listing; condo, master and sub-association fees can stack. The recorded documents, the current budget and the estoppel govern.
What Else to Check
- Taxes and insurance After a sale the assessed value resets the following January. Flood zone and roof age drive insurance quotes, so we check both for the address.
- Estoppel The closing agent orders an estoppel certificate from each association, which confirms what is owed at closing.
Documents to Review Before Closing
- Before you sign: the association disclosure summary and the parcel’s tax bill, including any non-ad valorem lines
- Before you sign: leasing and approval rules if you may rent, and architectural rules for exterior changes
- Before closing: estoppel certificates from every association that applies
Where it sits
Around Cypress Lake
Places nearby.
Zoned Public Schools
Cypress Lake is in Martin County, so public schools are assigned by the Martin County School District by address. We confirm the zoned elementary, middle and high school for the home you are considering.
How it came to be
A Short History of Cypress Lake
- 1925
Martin County was created from parts of Palm Beach and St. Lucie counties.
- 1995
All 88 houses on the county roll date to this year.
Sources: Martin County 2025 tax roll (Florida Department of Revenue), Martin County GIS, State Archives of Florida; Florida Division of Corporations (Sunbiz, read 2026-10-21).
The boundary
Cypress Lake on the Map
Questions
Questions Buyers Ask About Cypress Lake
What do homes in Cypress Lake cost right now?
Right now 1 home is listed for sale inside Cypress Lake, at an asking price of $400,000 (about $260 per square foot), as of November 6, 2026. The market section above shows what homes here actually sold for over the past year.
When was Cypress Lake built?
The county roll dates all 88 houses to 1995.
How big are the homes in Cypress Lake?
A typical house has about 1,540 square feet of living area on a lot of about a tenth of an acre.
Is Cypress Lake part of Cypress Pointe?
It is recorded as Phase I of the Cypress Pointe PUD. We confirm the associations for a specific home.
Is Cypress Lake on the water?
Many lots back onto the community lake. We confirm lake frontage for a specific home.
How many homes are in Cypress Lake, and when were they built?
Martin County property records list 88 residential parcels in Cypress Lake, most built 1995, with a typical living area of about 1,540 square feet.
Who runs the Cypress Lake association?
Cypress Lake Homeowners Association of Martin County, Inc. (Florida document N94000004148, filed August 23, 1994) is managed by Coastal Property Management.
What are the association fees in Cypress Lake?
The fee table on this page is drawn live from current and recent listings. The seller’s disclosure, the association disclosure summary and the estoppel certificate confirm the exact amount for a specific home.
Is Cypress Lake gated?
We have not found an official source confirming a gate; we confirm access for a specific home.
Which public schools serve Cypress Lake?
Cypress Lake is in Martin County, so public schools are assigned by the Martin County School District by address. We confirm the zoned elementary, middle and high school for the home you are considering.
Keep Exploring
More Palm City Neighborhood Guides
Cypress Lake · Palm City
Let Us Take Care of the Details
Tell us the street or the home in Cypress Lake. We come back with the listings, the association’s fees and rules, and what similar homes sold for, then arrange the visits and coordinate every step to closing day.
Monika Phillips, Sales Associate, Douglas Elliman Real Estate
- Association fees, rules and documents gathered for each home
- Leasing and approval rules pulled up front
- Tax bill and flood zone checked for the address
- One team from the first look to closing day
Home counts, years built and sizes come from Martin County property records (2025 tax roll); association records from the Florida Division of Corporations. Listing and sales data from BeachesMLS via IDX is deemed reliable but not guaranteed; listings may be held by brokerages other than Douglas Elliman. Association fees shown come from current and recent listings and can differ from the association’s budget; recorded documents and the associations’ own figures control. Verify anything that matters to your decision with the source. Monika Phillips, Sales Associate, Douglas Elliman Real Estate. Equal Housing Opportunity.
