Positioned along the shores of Lake Kell in Lutz, this is a rare opportunity to control a meaningful stretch of private waterfront in one of the Tampa Bay area’s most supply-constrained segments. The property has been evaluated for its ability to accommodate up to ten luxury residences, including multiple directly on the water. Delivering this level of density on a private lake with no public access is increasingly rare, creating a high-demand product with limited direct competition. Preliminary layouts and planning concepts are already in place, providing a clear path forward for a builder or developer ready to execute. The site offers flexibility to phase construction, build and sell, or develop a cohesive waterfront enclave with strong market positioning and pricing power. Lake Kell’s private nature, minimal boat traffic, and calm waters support the lifestyle today’s luxury buyers are actively seeking. This is a controlled, low-density waterfront setting that enhances long-term value and buyer appeal. The existing 3-bedroom, 2-bath pool home, approximately 2,376 square feet, provides immediate on-site utility. It can serve as a development office, model center, or operational hub during construction, reducing overhead and improving efficiency. Alternatively, it can be retained as a guest residence within a larger end-user compound. For builders focused on delivering differentiated product with strong absorption potential, this site checks all the boxes. True waterfront exposure, scalable density, and the ability to create multiple premium homesites within a private lake setting. Opportunities of this scale, with this level of flexibility and upside, are increasingly difficult to assemble. This is a chance to step in, control the waterfront, and bring a high-demand luxury product to market.
Property Details
- Interior
- Other
- Heating
- Central, Natural Gas
- Cooling Features
- Central Air
- Bedrooms
- 3
- Bathrooms
- 2.0
- Full Baths
- 2
- Stories
- 1
- Pool
- 1
- Pool Description
- In Ground
- Pool Features
- In Ground
- Exterior Materials
- Other, Private Entrance, Private Mailbox, Private Yard
- Acres
- 6.76
- Square Feet
- 3441.0
- Parking
- 1
- Parking Spaces
- 2
- Parking Type
- Garage
- Parking Garage Spaces
- 2.0
- Property Type
- Purchase
- Year Built
- 1979
- Foundation
- Slab
- Roof
- Shingle
- Sewer Information
- Septic Tank
- Utility Source
- Well
- Utility Features
- Other
- Appliances
- Built-In Oven, Cooktop, Other, Range, Refrigerator
- Subdivision
- UNPLATTED
- County
- Hillsborough
- Region
- LUTZ
- Zoning
- ASC-1
- Original List Price
- $3,800,000
- Days on Market (Cumulative)
- 151
- Taxes Annual
- $6,330
- Ownership
- Fee Simple
- MLS #
- TB8497037
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Hari Pallempati | WATERSEDGE REALTY GROUP, LLC
Provided By
Listed by Angelina Arcuri (#MFR260055154)
Listing Office: REAL BROKER, LLC (#MFR805521714)
