503 W Lutz Lake Fern ROAD, Lutz, FL, 33548 | $1,600,000

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. Seller willing to sell parcels separately. 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 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! Per the seller, no water intrusion or damage to the home from hurricanes Helene or Milton
Two Parcels
U-11-27-18-ZZZ-000000-51840. 0
U-12-27-18-0GU-000000-00065. 0

Features

  • Rooms: 4
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Lot Size: 15 x 280
  • Laundry: Inside
  • Year Built: 1981
  • Garage: 3-car
  • Heating: Electric, Propane
  • Cooling: Central Air
  • Approx Sq. Feet: 2,674
  • Acreage: 1.75
  • Lot Size: 15 x 280
  • Est. Taxes: $524
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer
  • MLS#: U8243721
  • Days on Market: 126 days
  • Website: https://www.raveis.com
    /eprop/U8243721/503wlutzlakefernroad_lutz_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 4:47:10 PM)
Listing courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL   Phone: 727-493-1555

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NMLS Mortgage Loan Originator ID 16953

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503 W Lutz Lake Fern ROAD, Lutz, FL, 33548

$1,600,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,280,000 $1,280,000 $1,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.282% 6.762% 6.036%
Monthly Tax Payment $44 $44 $44
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,196 $8,196 $11,238
Total Monthly Payment $8,365 $8,365 $11,407

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.