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*WATERFRONT* *BELOW APPRAISED VALUE*. Welcome to a rare opportunity in the highly desirable area of Lutz, located in the peaceful Crystal Lakes View community. Waterfront Access! This spacious 5-bedroom, 2-bath home sits on 1. 38 Acres and offers water views and lake access, creating a unique combination of space, privacy, and potential that is increasingly difficult to find in this area.
Set on a large lot with peaceful surroundings, the property features an in-ground pool, perfect for enjoying Florida living, along with a newly built porch and new fencing that enhance the outdoor space and provide added privacy. With nearly two acres of land, there is ample room for outdoor entertaining, expansion, or creating your own private retreat.
Several major improvements have already been completed, including a new roof, new hot water heater, and A/C replaced in 2020, helping reduce some of the big-ticket expenses for the next owner. The home has also passed a 4-point inspection, wind mitigation inspection, and WDO inspection, giving buyers additional confidence when it comes to financing and insurance.
Inside, the large 5-bedroom layout provides flexibility for families, multi-generational living, or anyone needing extra space. While the home could benefit from some updates, with a little TLC this property has the potential to become an absolute gem. Opportunities like this—a large home on nearly two acres with water access in Lutz—are becoming increasingly rare.
Even better, the property is listed below appraised value, making it an outstanding opportunity for both homeowners and investors looking to add value.
Enjoy the best of both worlds: peaceful, spacious living with water nearby while still being conveniently close to shopping, dining, and major commuter routes in the greater Tampa area.
Large lot. Water views and access. Major upgrades already completed. Priced below appraisal. With some vision and light renovation, this property could truly become something special.
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Our Executive Mortgage Banker:
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$474,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $379,920 | $379,920 | $379,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.557% | 5.920% |
| Monthly Tax Payment | $284 | $284 | $284 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,278 | $2,370 | $3,130 |
| Total Monthly Payment | $2,637 | $2,729 | $3,489 |
* 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.