1340 CYPRESS COVE COURT, INVERNESS, FL, 34450
Active132 days on marketListed Apr 4, 2026MLS #TB8492053
About this home
1340 CYPRESS COVE COURT
Waterfront victorian style townhome near the heart of downtown Inverness. Your backyard is a freshwater channel leading to the open canals and lakes in one direction, and the famous Lake Henderson in the other direction, just yards away! The entrance to the Withlacooche State Trail for 46 miles of walking and bike trails through 5 counties is only 2 blocks away for amazing downtown access. The community has its own private boat ramp and boat storage. There’s also a pool with private restrooms and a lovely gazebo for shade. This virtually maintenance free neighborhood can be a wonderful home, a getaway vacation home , or for income as a short or long term rental. The home can be purchased completely furnished or unfurnished. With a water view balcony on the top floor, an back porch overlooking the canal, and a front porch facing the neighborhood, a full bath for each bedroom and another for downstairs, plenty of parking and lush open areas for recreation, you cannot find a more affordable and scenic home on the water at this price anywhere. Close
Facts & features
The home at a glance
2
Bedrooms
2.5
Bathrooms
1,230
Sqft
0.03 ac
Lot size
1985
Year built
Two
Levels
$140
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,830 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,830/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+17.6%
$/sqft vs Inverness actives
$140 vs $179
Days on market
132 vs 44 typical
Where $140/sqft sits among the 193 Inverness actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Inverness
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Inverness. See the full Inverness guide →
INVERNESS 34450 — neighborhood snapshot
Population
10,408
Median age
59.5
Median income
$48,955
Median home value
$210,200
Avg household
2.04
Households w/ children
604
For the school run
Citrus County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Inverness market
$235K → $250K
Inverness median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
92 of 193
Inverness actives have cut their price
Median sold price, Inverness, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 11% below the INVERNESS 34450 median. See the full Inverness market guide →
Paper trail
This home's history
Reality check
What actually sold near 1340 CYPRESS COVE COURT
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$120,000
1288 CYPRESS COVE COURT · same community
2 bd · 2.5 ba · 1,230 sqft · $98/sqft · 77 DOM
Sold · Nov ’25$148,500
1336 CYPRESS COVE COURT · same community
2 bd · 2.5 ba · 1,230 sqft · $121/sqft · 79 DOM
Sold · Dec ’25$150,000
1264 CYPRESS COVE COURT · same community
2 bd · 2.5 ba · 1,230 sqft · $122/sqft · 11 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1340 CYPRESS COVE COURT — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1340 CYPRESS COVE COURT — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1340 CYPRESS COVE COURT FAQs
What would the monthly payment be for 1340 CYPRESS COVE COURT?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,830/mo — principal and interest, the actual property-tax bill, the $318/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1340 CYPRESS COVE COURT?+
The association fee works out to $318 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1340 CYPRESS COVE COURT?+
The most recent tax bill on record (2025) was $3,157. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1340 CYPRESS COVE COURT?+
The listing reports pets: Number Limit. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Inverness?+
At $172,000, this home is listed about 33% below the Inverness median of $258,625. The market section on this page shows how the area is trending.
Which schools are assigned to 1340 CYPRESS COVE COURT?+
Inverness Middle School (middle), Citrus High School (high), Inverness Primary School (elementary) — Citrus County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the INVERNESS 34450 market on paper
$172,000 is 11% below the INVERNESS 34450 median of $192,450, and at $140/sqft it sits under the Inverness average of $196.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
132 days on market against a Inverness median of 44 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $176,000, now $172,000 — a $4K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of ERA AMERICAN SUNCOAST REALTY · Geri Gaugler. MLS #TB8492053.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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