UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,299 sqft
Price per Sqft $381
Subdivision Hwy Lake Estates
MLS Listing ID TB8390412
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1971
Annual Tax Amount $1,726
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Rare lakefront investment and redevelopment opportunity on nearly 1 acre along highly visible Land O' Lakes Blvd, positioned within one of Pasco County's fastest-growing corridors. This R2-zoned property offers exceptional flexibility for investors, builders, or developers seeking a value-add project with significant upside potential.
The oversized waterfront parcel presents multiple strategic options, including renovation of the existing structure, redevelopment for custom new construction, or long-term hold as surrounding growth continues to drive demand. With frontage on a major roadway and proximity to expanding residential and commercial development, the property may offer future potential for rezoning or alternative uses, subject to buyer verification and county approval.
Additionally, the property may present strong income-producing potential. Short-term rentals are present in the immediate area, including neighboring properties, making this an attractive opportunity for investors seeking to explore vacation rental, long-term rental, or hybrid income strategies, subject to local regulations and buyer verification.
Nearly 1-acre lakefront parcels with this level of flexibility, visibility, and redevelopment potential are increasingly rare. Ideal for investors seeking value-add opportunities, builders planning custom or speculative construction, or buyers looking to secure a unique asset with long-term appreciation potential.
Conveniently located near major transportation routes, retail expansion, and continued residential growth, further enhancing both usability and future value. Buyer to verify zoning, rezoning potential, rental regulations, and development options with Pasco County.
Location
State FL
County Pasco
Community Hwy Lake Estates
Area 34638 - Land O Lakes
Zoning R2
Rooms
Other Rooms Bonus Room
Interior
Interior Features Cathedral Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
Heating Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile
Fireplaces Type Wood Burning
Fireplace true
Appliance Dryer, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Garden, Private Mailbox
Utilities Available Cable Connected, Electricity Connected, Water Connected
Waterfront Description Lake Front
View Y/N Yes
Water Access Yes
Water Access Desc Lake
View Water
Roof Type Metal
Porch Front Porch, Screened
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Well
Architectural Style Cottage
Structure Type Block
New Construction false
Construction Status Fixer
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8390412
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Marianne Knowles
Realtor; Team Leader of EveryDay Tampa Bay | License ID: SL3419643
Realtor; Team Leader of EveryDay Tampa Bay License ID: SL3419643