$1,800,000
Pending
24 Days Online
4 Beds4 Baths2,674 SQFT
Pending

503 W Lutz Lake Fern Road Lutz, FL 33548

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Under contract-accepting backup offers. 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 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 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. Don’t let this opportunity of a lifetime pass you by, schedule your showing today!

  • Property TypeSingle Family Home
  • NeighborhoodUnplatted
  • CountyHillsborough
  • Taxes$524
  • HOA/Condo/Coop Fees$0
  • Days on Site23 Days
  • MLS StatusPending
  • MLS ID NumberU8243721
  • Home Size Source Public Records
  • Year Built1981
  • Lot Size1.75 Acres
  • Full Baths3
  • Partial Baths1

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General Features

  • Construction Block
  • Sewer Septic Tank
  • Number of Stories Three Or More3
  • Acreage 1.75
  • Water Well
  • Property Sub Type Single Family Residence
  • Garage Spaces 3
  • Attached Garage Yes
  • Utilities Cable AvailableElectricity ConnectedPhone AvailablePropaneWater Connected
  • Foundation Slab
  • Zoning ASC-1
  • Direction Faces South
  • Minimum Lease No Minimum
  • Ownership Fee Simple
  • Parcel Number U-11-27-18-ZZZ-000000-51840.0

Interior Features

  • Cooling Central Air
  • Heating ElectricPropane
  • Appliances Built- In OvenCooktopDishwasherDisposalDryerGas Water HeaterMicrowaveRange HoodRefrigeratorTrash CompactorWasher
  • Flooring CarpetCeramic Tile
  • Interior Ceiling Fans(s)Dry BarEat-in KitchenHigh CeilingsLiving Room/Dining Room ComboPrimaryBedroom UpstairsVaulted Ceiling(s)Walk-In Closet(s)Window Treatments
  • Laundry Features Inside
  • Fireplace Yes

Exterior Features

  • Roof Shingle
  • Waterfront Property Yes
  • Waterfront Features Lake
  • Exterior BalconyFrench DoorsIrrigation System

Community Features

  • Township 27
  • Senior Community No
  • MLS Area 33548 - Lutz

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Monthly Payment (Est.)

$9,532
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