503 W LAKE FERN ROAD LUTZ FL 33548 MLS #U8243721

503 W LAKE FERN ROAD
LUTZ, FL, 33548
$1,800,000
4 Beds
3.5 Baths
2,674 SqFt
1.75 Acres
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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 Details

Price:
$1,800,000
MLS #:
U8243721
Status:
Pending
Beds:
4
Baths:
3.5
Address:
503 W LAKE FERN ROAD
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
UNPLATTED
City:
LUTZ
Listed Date:
May 23, 2024
State:
FL
Finished Sq Ft:
2,674
ZIP:
33548
Lot Size:
76,230 sqft / 1.75 acres (approx)
Year Built:
1981
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Schools

Interior

Appliances
Built- In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Carpet, Ceramic Tile
Heating
Electric, Propane
Laundry Features
Inside

Exterior

Construction Materials
Block, Wood Frame
Exterior Features
Balcony, French Doors, Irrigation System
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%-$395%
Tax Year
2023
Taxes
$524

Map

Community

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503 W LAKE FERN ROAD
LUTZ, FL