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    5305 Lutz Lake Fern Rd Lutz, FL 33558

    For Sale
    Contact for pricing

    18-Unit SFH Site, Lutz, FL

    Property size:
    216,493 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4.97-acre site in Lutz, Florida, offers a prime opportunity to develop up to 18 single-family homes, with potential expansion to 26 units by acquiring an adjacent lot. Located less than a mile from Steinbrenner High School and minutes from the Suncoast Parkway, this property boasts a superb location within the desirable Northdale area, known for its top-rated schools, parks, and amenities. The site is zoned PD/Planned Development, allowing for flexibility in lot sizes and home layouts (up to 75' wide lots are possible). A pre-application with the county has already been completed, streamlining the development process. The property's convenient location provides easy access to downtown St. Petersburg and Tampa (within 30 minutes), as well as major roadways like I-275 and Citrus Parkway. This is an ideal investment for developers seeking a high-potential residential project in a thriving community. The total square footage is 216,493 square feet, and the property is offered fee simple. Seller financing is available. Note that the plat plan is not yet filed, and photos are for illustrative purposes only. The final number of homes will depend on the chosen layout and lot sizes.

    Property Features for 5305 Lutz Lake Fern Rd

    General Information

    Property type
    Land
    Square Feet
    216,493 SF
    Lot Size
    216,493 SF

    HighLights

    • Price: Upon Request
    • Pre‑application with the County completed
    • 30‑minute drive to downtown St. Petersburg and Tampa
    • Lots up to 75' wide (potentially 14 single‑family homes)
    • Up to 26 single‑family homes possible with adjacent lot acquisition; 18 homes as‑is
    • Less than 5 minutes to Suncoast Parkway
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Hotel & Motel Gym & Fitness Pharmacy Department Store Kitchen & Bath HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.528572
    Latitude
    28.156768

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    FAQs

    What type of property is this?
    Land - 18-Unit SFH Site, Lutz, FL
    Where is this land located?
    The property is located at 5305 Lutz Lake Fern Rd Lutz, FL.
    What are key features of this property?
    This property features: Price: Upon Request; Pre-application with the County completed; 30-minute drive to downtown St. Petersburg and Tampa
    Request Owner's contact information
    5305 Lutz Lake Fern Rd Lutz, FL 33558
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    Lutz, FL 33558
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    5305 Lutz Lake Fern Rd Lutz, FL 33558
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