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$1,700,000   Price Analysis
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503 W Lutz Lake Fern Rd
Lutz, FL 33548
4 bed 4 bath 2,674 SqFt ($635/SqFt)
1.75 acre lot. Built 1981
Listed 2024-05-23, Taxes $2,630
Ⓧ USDA Ineligible
due to price & location

near Lutz

SELLER FINANCING AVAILABLE!

NO FLOOD INSURANCE REQUIRED. Truly an opportunity of a lifetime awaits with this extraordinary property, which includes not one, but two expansive lots totaling 3.85 acres on the serene Little Lake Hobbs. Steeped in history, this estate has been cherished by one family since 1927. Zoned residential agricultural, this unique property offers unparalleled freedom with no restrictionsbring your RV and store it in the onsite metal RV storage shed or take advantage of a garage with rear access to easily launch your boat or jet ski directly into the lake. If youve dreamed of a lakefront farm, horses are welcome too. This is the last buildable lakefront property in the area, so if youre builder or an investor, there is opportunity for you here as well. As you arrive, you'll be greeted by the sight of pecan groves, avocado, banana, cherry, papaya and mulberry trees, among others, which adorn the landscape. Hidden among lush foliage, youll find a three-story lakefront home featuring four bedrooms, three and a half baths, a den and a four-car garage. With two full kitchens and a versatile floor plan, the possibilities for restoring this home to its former glory are endless. The first floor serves as a self-contained apartment complete with a bedroom, living room, dining room, full kitchen and washer/dryer hookups. Stepping up to the main floor, you'll be greeted by high ceilings adorned with Canadian cedar beams, exuding charm and character throughout. On the second floor, enjoy a drink from the indoor bar while marveling at the craftsmanship of the gas stone fireplace. French doors lead out to a large patio, offering stunning views of Little Lake Hobbs. Additionally, the property features a separate garage with a lift and half bath, fully plumbed for conversion into a separate dwelling. Experience the luxury of direct lake access to the smaller Lake Hobbs and the privacy it provides, as well as the unique advantage of a deep water canal connection to the larger Lake Hobbs. This allows you to indulge in various water activities such as boating, fishing and swimming right from your backyard. Imagine waking up to breathtaking sunrises over tranquil waters and ending your days with picturesque sunsets, enjoying the ultimate Florida living experience for generations to come. This unique property is truly something you have to see to believe. Even though you'll feel like you're experiencing country waterfront living at its finest, you're still close to it all. Just down the road is the Oscar Cooler Park, a multi-sport complex featuring soccer fields, football fields, baseball fields, basketball courts, tennis courts, playgrounds and more. With a short drive to US-41, this prime location ensures an easy commute into Tampa with a 20 minute drive to Tampa International Airport and plenty of shopping and dining options right at your fingertips. Close proximity to Cheval Equestrian Center. Dont let this opportunity of a lifetime pass you by, schedule your showing today!

Two Parcels U-11-27-18-ZZZ-000000-51840.0 U-12-27-18-0GU-000000-00065.0


Presented by Mimi Desetto at
Coastal Properties Group.


Property MLS #U8243721 from StellarMLS

Bedrooms: 4
Primary Bedroom Dimensions: 15 x 17
Primary Bedroom Level: Second

Total Rooms: 4
Living Room Dimensions: 27.5 x 15
Living Room Level: First

Total Bathrooms: 4
Full Bathrooms: 3
1/2 Bathrooms: 1

Ceiling Fans(s)
Dry Bar
Eat-in Kitchen
High Ceilings
Living Room/Dining Room Combo
PrimaryBedroom Upstairs
Vaulted Ceiling(s)
Walk-In Closet(s)
Window Treatments
Flooring: Carpet, Ceramic Tile

Built-In Oven
Cooktop
Dishwasher
Disposal
Dryer
Gas Water Heater
Microwave
Range Hood
Refrigerator
Trash Compactor
Washer
Laundry Features: Inside

Cooling Features: Central Air
Heating Features: Electric, Propane

Dining Room Dimensions: 12.5 x 14
Dining Room Level: First
Kitchen Dimensions: 14 x 17
Kitchen Level: First

Balcony
French Doors
Irrigation System
Road Surface Type: Asphalt

Additional Parcels Description: U-12-27-18-0GU-000000-00065.0
Additional Parcels: Yes
Lot Size Acres: 1.75
Lot Size Dimensions: 15x280
Number of Lots: 2
Lot Size Square Feet: 76230

Water Features: Lake
Lake

Attached Garage: Yes
Garage Spaces: 3

Calculated Total Monthly Association Fees: 0

Lease Term: Minimum Lease: No Minimum

Annual Tax Amount: 524
Source Listing Status: Active
County: Hillsborough
Directions: N on Race Track Rd-L on CR 587/CR582- R on Van Dyke -L on 597N-R on W Lutz Lake Fern Rd
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential
Area: 33548 - Lutz
Source Neighborhood: UNPLATTED
Parcel Number: U-11-27-18-ZZZ-000000-51840.0
Postal Code Plus 4: 4205
Subdivision: UNPLATTED
Township: 27
Zoning: ASC-1
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$225,322
$2,630
2021$unknown + $unknown
$218,918
$2,510
2020$unknown + $unknown
$215,065
$2,415
2019$unknown + $unknown
$209,723
$2,315
2018$unknown + $unknown
$196,420
$2,175
2017$unknown + $unknown
$184,017
$2,073
2016$unknown + $unknown
$180,232
$2,047
2015$unknown + $unknown
$178,979
$2,068
2014$unknown + $unknown
$177,559
$2,044
2013$unknown + $unknown
$174,935
$2,047
2012$unknown + $unknown
$172,011
$2,906
2011$unknown + $unknown
$173,063
$2,933
2010$unknown + $unknown
$191,187
$3,273
2009$unknown + $unknown
$192,425
$3,309
2008$unknown + $unknown
$192,361
$3,309
2007$unknown + $unknown
$186,758
$3,453

Price Changed 2024-07-03
$1,700,000
StellarMLS
Listed 2024-05-23
$1,800,000
StellarMLS
Listing removed 2023-11-21
$325,000
StellarMLS
Listing removed 2023-09-16
$1,500,000
StellarMLS
Listed 2023-07-18
$325,000
StellarMLS

Total Square Feet Living: 2674
Year Built: 1981
Building Area Source: Public Records
Building Area Total: 2674
Construction Materials: Block, Wood Frame
Direction Faces: South
Foundation Details: Slab
Levels: Three Or More
Property Age: 43
Roof: Shingle
Levels or Stories: 3
Building Total Stories: 3

Sewer: Septic Tank
BB/HS Internet Available
Cable Available
Electricity Connected
Phone Available
Propane
Public
Sprinkler Meter
Water Connected
Water Source: Well

Lutz K-8 School is a public elementary and middle school located approximately 0.7 miles away.
directions icon Map directions

Steinbrenner High School is a public high school located approximately 4 miles away.
directions icon Map directions

Hand In Hand Academy is a private elementary and middle school located approximately 0.3 miles away.
directions icon Map directions

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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.