Active

503 W LAKE FERN RD

LUTZ FL, 33548

$1,700,000


$635.75 per sqft

Active

4 Beds

4 Baths

2,674 sqft

Residential

Built in 1981

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. Close proximity to Cheval Equestrian Center. Don't 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

U8243721

MLS ID

May 23, 2024

Listed

July 25, 2024

Updated

Map

503 W LAKE FERN RD
LUTZ FL, 33548

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

4


Full Bathrooms

3


Half Bathrooms

1


Interior Features

Ceiling Fans(s), Dry Bar, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Upstairs, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments


Appliances

Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer


Laundry Description

Inside


Floor Description

Carpet, Ceramic Tile


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Electric, Propane

Exterior/Building Features

Lot Size

1.75 Acres


Exterior Features

Balcony, French Doors, Irrigation System


Roof

Shingle


Sewer

Septic Tank

Other Property Details

Area Name

33548 - Lutz


Taxes

$524


Tax Frequency

Annually


Days on Market

43


Garage

Yes


Garage Spaces

3


View

No


County

Hillsborough


Municipality

27


Water Source

Well


Pool

No


Waterfront

Yes


Zoning

ASC-1

Listing History

Date

Event

Price

7/3/2024

Price Change

$1,700,000

-6%

7/3/2024

Active

6/14/2024

Pending

Listed by COASTAL PROPERTIES GROUP INTERNATIONAL
Listing Contact: 727-493-1555 

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