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    Lakefront Homesite in Gated Community Title is generated by Realmo AI

    10718 OSPREY LANDING WAY, Thonotosassa, FL 33592

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    Claim this Listing
    For Sale
    $699,999

    Land - THONOTOSASSA, FL

    Lot size:
    1.63 Acres
    Added:
    Feb 25, 2026
    Days on Market:
    100
    Last Refresh:
    Jun 5 at 7:06 am

    Property Features for 10718 OSPREY LANDING WAY

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PD
    Pets allowed
    Breed Restrictions
    Standard status
    Active
    APN
    U-12-28-20-91X-000000-00050.0
    Lot size
    1.63 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8195.76
    Expense value
    600
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Water front features
    Lake Privileges, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Aldo Delacruz
    Aldo Delacruz

    Listing agent Aldo Delacruz License #3324423

    Listing office KELLER WILLIAMS SOUTH TAMPA 3003 W. Azeele St., Tampa, FL

    Listing date Feb 25, 2026

    MLS# TB8480620 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1. 70‑acre lakefront homesite with direct access to 880‑acre Lake Thonotosassa.
    • Exclusive, gated community of Stonelake Ranch with 240 acres of preserved common areas.
    • Eastern exposure providing breathtaking sunrises and tranquil evening views.
    • Opportunity to build a custom dock and keep a boat steps from the back door.
    • Enjoy boating, fishing, walking/biking trails, and a Lakeside Lodge clubhouse with a state‑of‑the‑art fitness center.
    • Conveniently located 20 minutes from downtown Tampa and approximately 30 minutes from Tampa International Airport.

    Overview

    This offering is a lakefront residential homesite within Stonelake Ranch, identified as Lot #50. The property is zoned PD and is presented as a custom-build opportunity on an approximately 1.63-acre lakefront setting. The homesite includes eastern exposure, offering sunrise and water-view potential from your home. Stonelake Ranch is a gated community designed around oversized estate homesites and preserved common areas.

    Stonelake Ranch provides direct access to Lake Thonotosassa, described as an 880-acre lake in Hillsborough County. The community spans 680 private acres, with 240 acres identified as preserved common areas, along with lakeside recreation and open-space amenities such as boating and fishing, walking and biking trails, and equestrian-friendly spaces. Residents also have access to a Lakeside Lodge clubhouse with a fitness center.

    For buyers seeking privacy and a waterfront lifestyle with room to design, Lot #50 offers a straightforward path to an owner-built residence tailored to how you want to live on the water. Its gated setting and dedicated access to Lake Thonotosassa support a low-friction plan for creating a personal retreat while staying connected to the Tampa-area for daily needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom HVAC Service Bed & Breakfast Cosmetic Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thonotosassa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.26839
    Latitude
    28.06286

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    FAQs

    What type of property is this?
    Waterfront Land - Build a custom estate on a lakefront lot with direct access to Lake Thonotosassa in a secure, gated community.
    Where is this waterfront land located?
    The property is located at 10718 OSPREY LANDING WAY Thonotosassa, FL.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: 1. 70‑acre lakefront homesite with direct access to 880‑acre Lake Thonotosassa.; Exclusive, gated community of Stonelake Ranch with 240 acres of preserved common areas.; Eastern exposure providing breathtaking sunrises and tranquil evening views.
    (813) 505-3625
    We can help!
    Listing Contact
    Aldo Delacruz
    Aldo Delacruz
    Real Estate License ID: 3324423
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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