$1,600,000
For Sale

503 W LUTZ LAKE FERN ROAD

Lutz, FL 33548
2674 sqft | 4 beds | 3.5 baths | 1.75 acres | #U8243721
Browse 62 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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. Seller willing to sell parcels separately. Steeped in history, this estate has been cherished by one family since 1927. Zoned residential agricultural, this unique property offers unparalleled freedom with no restrictions—bring 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 you’ve dreamed of a lakefront farm, horses are welcome too. This is the last buildable lakefront property in the area, so if you’re a 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, you’ll 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 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. Don’t let this opportunity of a lifetime pass you by, schedule your showing today! Per the seller, no water intrusion or damage to the home from hurricanes Helene or Milton
Two Parcels
U-11-27-18-ZZZ-000000-51840.0
U-12-27-18-0GU-000000-00065.0

  • Interior Details
      • InteriorCeiling Fans(s), Dry Bar, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Vaulted Ceiling
    • Beds & Baths
      • Bathrooms3.5
      • Bedrooms4
      • Full Baths3
      • Half Baths1
  • Property Details
      • Exterior MaterialsBalcony, French Doors, Irrigation System
      • Stories3
    • Measurements
      • Acres1.75
      • Square Feet2674
    • Parking
      • Parking Spaces3
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1981
    • Material information
      • FoundationSlab
  • Utilities / Energy Details
      • Utility FeaturesBB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Propane, Public, Sprinkler Meter, Water Conne
      • Sewer InformationSeptic Tank
      • Utility SourceWell
  • Community and Neighborhood Details
      • SubdivisionUNPLATTED
    • Location
      • CountyHillsborough
  • Financial Details
      • Original List Price$1,800,000
      • Taxes Annual$524
      • Days on Market (Cumulative)154
  • Other
      • MLS #U8243721

Location

William Barnes | BrokerReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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