Residential Property - Single Family Residence in Lutz
Listing Price: $3,800,000 (Mortgage Calculator →)
Description of Property
Positioned along the shores of Lake Kell in Lutz, this is a rare opportunity to control a meaningful stretch of private waterfront in one of the Tampa Bay area’s most supply-constrained segments. The property has been evaluated for its ability to accommodate up to ten luxury residences, including multiple directly on the water. Delivering this level of density on a private lake with no public access is increasingly rare, creating a high-demand product with limited direct competition. Preliminary layouts and planning concepts are already in place, providing a clear path forward for a builder or developer ready to execute. The site offers flexibility to phase construction, build and sell, or develop a cohesive waterfront enclave with strong market positioning and pricing power. Lake Kell’s private nature, minimal boat traffic, and calm waters support the lifestyle today’s luxury buyers are actively seeking. This is a controlled, low-density waterfront setting that enhances long-term value and buyer appeal. The existing 3-bedroom, 2-bath pool home, approximately 2,376 square feet, provides immediate on-site utility. It can serve as a development office, model center, or operational hub during construction, reducing overhead and improving efficiency. Alternatively, it can be retained as a guest residence within a larger end-user compound. For builders focused on delivering differentiated product with strong absorption potential, this site checks all the boxes. True waterfront exposure, scalable density, and the ability to create multiple premium homesites within a private lake setting. Opportunities of this scale, with this level of flexibility and upside, are increasingly difficult to assemble. This is a chance to step in, control the waterfront, and bring a high-demand luxury product to market.
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 3,441
Garage: Yes2 vehicles
Carport: No
Private Pool: Yes
Pool Featuress: In Ground
Water Frontage: Lake - Chain of Lakes
Water Features: Skiing Allowed
Water Access: Lake - Chain of Lakes
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lutz
County: Hillsborough
Subdivision: Unplatted
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 3,441
Sq. Ft. Living Area: 3,441
Cost per (heated) sqare foot: $1,104
Year built: 1979
Annual Tax: $6,331
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Fireplace: Yes
Fireplace Features: Living Room
Flooring: Tile
Pool & Waterfront Info
Private Pool: Yes
Pool Features: In Ground
Water Front: Yes
Water Frontage: Lake - Chain of Lakes
Water Access: Yes
Water Access Type: Lake - Chain of Lakes
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Private Yard
Garage: Yes
Garage Spaces: 2
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Natural Gas
Sewer: Septic Tank
Water Source: Well
Lot Information
Lot Size (acres): 6.76
Lot Size (sq. ft.): 294,465 square feet
Lot Dimensions: 90 x 120
Front Exposure: North
Legal Description & Other Information
Parcel Number: U012718ZZZ00000046030.0
Zoning: ASC-1
Tax Legal Desc.: COM AT THE SE COR OF SW 1/4 OF SE 1/4 OF NE 1/4 THN RUN N 88 DEG 40 MIN 07 SEC W 392.75 FT TO POB THN N 88 DEG 40 MIN 07 SEC W TO WATERS EDGE BEING POINT A THN BEG AT POB RUN N 02 DEG 07 MIN 08 SEC E 357 FT MOL TO POINT ON WATERS EDGE THN RUN SWLY AL ONG WATERS EDGE TO POINT A AND PARCEL DESC AS: SW 1/4 OF SE 1/4 OF NE 1/4 LESS BEG AT SE COR OF SW 1/4 OF SE 1/4 OF NE 1/4 THN N 666. 05 FT THN N 88 DEG 58 MIN W 270 FT S 13 DEG 03 MIN 03 SEC W 300.34 FT S 10 DEG 02 MIN 37 SEC E 248.94 FT S 86 DEG43 MIN 03 SEC E 274.6 FT S 01 DEG 22 MIN 55 SEC W 69.17 FT S 01 DEG 19 MIN 81 SEC W 73.61 FT POB AND N 1/2 OF W 1/2 OF NE 1/4 OF SE 1/4 LESS N 228 FT OF WEST 153 FT THEREOF AND LESS RD R/W LESS THAT PART THAT LIES WITHIN THE FOLLOWING DESC PARCEL
Section: 1
Range: 18
Listing courtesy of REAL BROKER, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.