503 W Lutz Lake Fern Road Lutz, FL 33548
Listing Courtesy of: STELLAR / Coastal Properties Group International - Contact:  727-493-1555

  503 W Lutz Lake Fern Road Lutz, FL 33548

Active (131 Days)
$1,600,000
4
BED
4
BATH
2,674
SQFT

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

MLS #:
U8243721
Taxes
$524(2023)
Lot Size
1.75 acres
Type
Single-Family Home
Year Built
1981
County
Hillsborough County

Listed By

Mimi Desetto, Coastal Properties Group International, Contact: 727-493-1555
Source
STELLAR
Last checked Oct 31 2024 at 4:59 AM EDT
Bathroom Details
  • Full Bathrooms: 3
  • Half Bathroom: 1
Interior Features
  • Living Room/Dining Room Combo
  • Window Treatments
  • Appliances: Dishwasher
  • Ceiling Fans(s)
  • Appliances: Disposal
  • Appliances: Range Hood
  • Appliances: Microwave
  • Appliances: Dryer
  • Appliances: Built-In Oven
  • Appliances: Trash Compactor
  • Appliances: Gas Water Heater
  • Appliances: Cooktop
  • Walk-In Closet(s)
  • Appliances: Refrigerator
  • Appliances: Washer
  • Vaulted Ceiling(s)
  • Dry Bar
  • Eat-In Kitchen
  • High Ceilings
  • Primarybedroom Upstairs
Subdivision
  • Unplatted
Property Features
  • Foundation: Slab
Heating and Cooling
  • Electric
  • Propane
  • Central Air
Flooring
  • Carpet
  • Ceramic Tile
Exterior Features
  • Block
  • Wood Frame
  • Roof: Shingle
Utility Information
  • Utilities: Sprinkler Meter, Public, Water Connected, Bb/Hs Internet Available, Electricity Connected, Water Source: Well, Cable Available, Phone Available, Propane
  • Sewer: Septic Tank
Stories
  • 3
Living Area
  • 2,674 sqft
Additional Information: Coastal Properties Group International | 727-493-1555
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 14, 2024
Price Changed
$1,600,000
-4%
-75,000
Sep 17, 2024
Price Changed
$1,675,000
-1%
-25,000
Jul 03, 2024
Price Changed
$1,700,000
-6%
-100,000
May 23, 2024
Original Price
$1,800,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Bill Nye Realty, Inc. and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2024. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 10/30/24 21:59