503 W LUTZ LAKE FERN ROAD

$850,000

$245/sq ft

$530,000
Price Decreased

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Overview

Bedroom

4

Bath

3

Year Built

1981

Garage

3

Sqft

3463

Property Type

Single Family Residence

Property Description

This stunning 2.75-Acre Lakefront Estate, 4BR/3.5BA custom-built, 3-story contemporary home offers tranquil lake views, equestrian potential, no HOA, and no flood insurance required. Built in 1981, the home is designed to showcase panoramic views of Little Lake Hobbs from every level. 3,463 living sq ft & 5,472 total sq ft. The 2nd floor serves as the heart of the home, featuring a vaulted great room with Canadian cedar beams, a floor-to-ceiling stone fireplace with gas logs, walk-in closet at the entry, eat-in kitchen, atrium breakfast nook, dry bar, dining area, rec room, half bath, and laundry room with a built-in ironing board. The kitchen includes a trash compactor, dishwasher, microwave, convection oven, and electric glass-top stove. The 3 sets of French doors in the great room open up to the balcony overlooking the lake. The 3rd floor includes the primary suite and 2 guest bedrooms. The primary suite offers a walk-in closet with a window and exhaust fan, jetted tub, walk-in shower, high-rise commode, bidet, vanity, and French doors to the balcony overlooking the lake. From the bed, the wooden blinds give a gorgeous view of the fireplace below, on the 2nd floor. Guest bath includes a steam bath with Jacuzzi tub. All bedrooms feature cedar beams. The ground-level in-law suite has its own entrance, full kitchen, laundry, bedroom, walk-in closet, bathroom, walk-in shower, gas stove, microwave, trash compactor, dishwasher, and living area with sliding doors to a covered patio, koi pond, and lake views. Great for guests or multi-generational living. The 3-car garage features a rare drive-through design for easy lake access. Little Lake Hobbs connects to 61-acre Lake Hobbs, great for skiing and fishing. Additional features: well-fed irrigation, propane instant water heater, and attic fan. Outdoor living includes 2nd floor balcony that has a gas line for BBQ Grill, a screened patio with jacuzzi, and spiral staircase leading up to 3rd-level deck. The covered boat dock with sundeck, boat lift, launch, outdoor lighting, and electric outlet is just a few feet away from the stairway to home. Pole Barn has parking pads for boats/RVs/toys. A Ford tractor with bush hog is included (needs repair). The estate is partially fenced with electric front fencing and includes pecan trees, Bahia pasture, avocado, cherry, papaya, mulberry trees, and grapevines. Conveniently located near top-rated schools; McKitrick Elem, Martinez Mid, Steinbrenner High, Learning Gate Comm School, and Lutz Preparatory (K–8). Near Lake Park, Oscar Cooler Sports Complex, Heritage Harbor Golf Club, upscale shopping, dining, and Downtown Lutz. Only 20 mins to Downtown Tampa with easy access to Suncoast Pkwy, Van Dyke Rd, and Dale Mabry Hwy. This estate offers income/agricultural potential. May qualify for FL’s Greenbelt exemption. In-law suite offers rental or multi-gen living. Buyers encouraged to explore AG classification with Hillsborough County. Adjacent parcel available for $365k with the purchase of the home (417 Trout Lake Ct)

Property Details

MLS#

TB8411441

Garage

3

Total Floor in Bldg

3

Address

503 LUTZ LAKE FERN W

City

LUTZ

State/county

FL

Zip/Postal Code

33548

Area

Unplatted

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$564

Maint Fee

$--

Tax Year

2024

Built-In Oven

Convection Oven

Cooktop

Dishwasher

Disposal

Dryer

Exhaust Fan

Gas Water Heater

Ice Maker

Microwave

Range Hood

Refrigerator

Trash Compactor

Washer

Water Softener

Water

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Boris Gelfand