$1,380,000

503 W Lutz Lake Fern Rd Lutz, FL 33548

Estimated payment $7,399/month

Total Views 5,735
4 Beds
5 Baths
3,463 Sq Ft
$398 Price per Sq Ft

Highlights

  • Lake Front
  • Docks
  • Boat Ramp
  • Steinbrenner High School Rated A
  • Water Access
  • Koi Pond

About This Home

Exceptional Lakefront Estate on Nearly 4 Acres with 350 Ft of Freshwater Shoreline. This rare retreat spans 2 adjoining parcels and offers a unique blend of natural beauty, spacious living, and versatile functionality. Horses allowed. No HOA. No flood insurance required. The primary residence is a striking 3-story contemporary home (built in 1981), designed to capture panoramic views of the lake from every level. Inside the main home, you'll find 3,463 sq ft of living space and a total of 5,472.70 sq ft under roof. The attached 2-car garage features a rare drive-through design, allowing easy access straight through to the backyard and into Little Lake Hobbs, which connects to the 61-acre deep-water Lake Hobbs. The 2nd parcel, located at 417 Trout Lake Ct, includes a 1,280 sq ft concrete block garage with two 8-ft doors, 10-ft ceilings, car lift, a half bath, extra footings, and wooden trusses—constructed with potential for upward expansion. Whether you're seeking a full-time residence, a multi-generational compound, or a unique investment opportunity, this lakeside estate is truly rare and remarkable. The 2nd floor is the heart of the home, featuring a great room with vaulted ceilings and Canadian cedar beams, a floor-to-ceiling stone fireplace with gas logs, an eat-in kitchen, a dry bar with cedar shelving, a dining area, and an atrium breakfast nook. Additional features include a walk-in closet at the entry, a rec room, a half bath, and a laundry room with a built-in ironing board. The ground-level in-law suite has its own entrance, full kitchen, laundry room, walk-in closet, bathroom with walk-in shower, and a living area with sliding doors that open to a covered patio, koi pond, and lake views. Upstairs, the 3rd floor hosts the primary suite and 2 guest bedrooms. The primary suite includes a large walk-in closet with a window and exhaust fan, a jetted tub encased in glass, a walk-in shower, bidet, high-rise commode, and vanity. The guest bathroom features a steam bath with a Jacuzzi tub. Outdoor living shines with a screened patio and 6-person Jacuzzi, and a 2nd-level balcony with elevated lake views connected to the 3rd-level deck via a circular staircase. A metal-roofed pole barn and multiple parking pads accommodate boats, RVs, or equipment. A Ford tractor with bush hog is included (needs repair). The estate is fenced with electric front fencing and features a pecan grove, Bahia pasture, avocado, cherry, papaya, and mulberry trees, as well as grapevines. A cement bench offers shaded lake views. Additional Features: Outdoor lighting, Well-fed irrigation, 300-ft deep well with 3HP submersible pump, 100-ft backup well, Propane instant water heater and attic fan on the third level for energy efficiency. Water enthusiasts will love the covered boat dock with sundeck, boat lift, launch, outdoor lighting/electric outlet, and stairway access from the home just a few feet away. Conveniently located just 20 mins from downtown Tampa, with easy access to the Suncoast Pkwy, Van Dyke Rd, and Dale Mabry

Listing Agent

Glenda Robin Shepard

ERA American Suncoast Realty License #3450958 Listed on: 07/26/2025

Co-Listing Agent

Phillip Shepard

ERA American Suncoast Realty License #3525161

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $564

Year Built

  • Built in 1981

Lot Details

  • 3.85 Acre Lot
  • Lake Front
  • Property fronts a county road
  • Fenced Yard
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Additional Parcels
  • Property is zoned A1

Parking

  • 7 Car Garage
  • Parking Pad
  • Driveway

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco
  • Stone

Interior Spaces

  • 3,463 Sq Ft Home
  • Multi-Level Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Two Story Entrance Foyer
  • French Doors
  • Sliding Doors
  • Carpet
  • Lake Views
  • Attic Fan

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Convection Oven
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Bidet
  • Secondary Bathroom Jetted Tub
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Boat Ramp
  • Docks
  • Lake Privileges
  • Balcony
  • Deck
  • Wood Patio
  • Koi Pond
  • Exterior Lighting

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Water Heater
  • Water Softener is Owned
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$564

Year Built

Built in 1981

Lot Details

0

Parking

7

Listing Details

  • Architectural Style: Contemporary, Multi-Level
  • Carport Y N: No
  • Co List Office Mls Id: 0862
  • Co List Office Phone: (352) 746-3600
  • Directions: Continue on FL-54 E. Use any lane to turn left onto FL-54 E. Turn right onto Land O' Lakes Blvd. Keep left to continue on US-41 S/Land O' Lakes Blvd. Continue to follow US-41 S. Turn right onto W Lutz Lake Fern Rd. Destination is on the right at the corner of Lutz Lake Fern Rd and Trout Lake Ct
  • Water Frontage Type: Lakefront, Waterfront
  • Garage Yn: Yes
  • Lot Size Acres: 3.85
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Not on List
  • Year Built: 1981
  • Special Features: VirtualTour

Interior Features

  • Appliances: Convection Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator, Water Softener Owned, Water Heater, Washer, Instant Hot Water
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Double Door Entry, French Doors, Sliding Doors
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Beamed Ceilings, Bidet, Bathtub, Eat-in Kitchen, Fireplace, High Ceilings, In-Law Floorplan, Jetted Tub, Laminate Counters, Primary Suite, Skylights, Separate Shower, Tub Shower, Upper Level Primary, Vaulted Ceiling(s), Walk-In Closet(s), Second Floor Entry, French Door(s)/Atrium Door(s), First Floor Entry, Sliding Glass Door(s), Third Floor Entry
  • Living Area: 3463.0
  • Window Features: Skylight(s)

Exterior Features

  • Construction Type: Frame, Stone, Stucco, Wood Siding
  • Exterior Features: Balcony, Deck, Sprinkler/Irrigation, Koi Pond, Landscaping, Lighting, Concrete Driveway
  • Fencing: Yard Fenced
  • Foundation Details: Slab
  • Lot Features: Acreage, Cleared, Flat, Multiple lots
  • Other Structures: Pole Barn
  • Patio And Porch Features: Balcony, Deck, Wood
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • View: Lake
  • View: Yes
  • Waterfront Features: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Privileges, Water Access, Lake Front, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 7.0
  • Parking Features: Attached, Concrete, Driveway, Detached, Garage, Parking Pad
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: Central Air, Electric, Attic Fan
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Laundry - Living Area
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Additional Parcels Description: 012382-0000
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 167706.0
  • Zoning: A1

Tax Info

  • Tax Annual Amount: 564.38
  • Tax Year: 2024

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $564 $244,426 -- --
2023 $524 $235,755 $0 $0
2022 $2,630 $228,629 $0 $0
2021 $2,510 $219,037 $0 $0
2020 $2,415 $215,065 $83,094 $131,971
2019 $2,315 $209,723 $0 $0
2018 $2,176 $196,420 $0 $0
2017 $2,074 $236,423 $0 $0
2016 $2,047 $180,232 $0 $0
2015 $2,068 $178,979 $0 $0
2014 $2,045 $177,559 $0 $0
2013 -- $174,935 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2025 07/26/25 For Sale $1,380,000 -- $398 / Sq Ft
Source: REALTORS® Association of Citrus County

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $108,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $762,000 Reverse Mortgage Home Equity Conversion Mortgage
Closed $376,933 VA
Closed $335,000 New Conventional
Closed $141,000 Credit Line Revolving
Closed $27,500 Credit Line Revolving
Closed $27,500 Credit Line Revolving
Closed $280,000 New Conventional
Closed $216,000 New Conventional
Source: Public Records

Source: REALTORS® Association of Citrus County

MLS Number: 846697

REALTORS® Association of Citrus County

APN: U-11-27-18-ZZZ-000000-51840.0