503 W Lutz Lake Fern Road Lutz, FL 33548
Listing Courtesy of: CITRUS COUNTY / ERA American Suncoast / Glenda "Robin" Shepard / Phillip Shepard

  503 W Lutz Lake Fern Road Lutz, FL 33548

Active (95 Days)
$899,000 (USD)
4
BED
3.1
BATH
5,472
SQFT

Description

This stunning 2.75-Acre Lakefront Estate, 4BR/3.5BA custom-built, 3-story contemporary home offers tranquil lake views, equestrian potential, no HOA, and no flood insurance required. Built in 1981, the home is designed to showcase panoramic views of Little Lake Hobbs from every level. 3,463 living sq ft & 5,472 total sq ft. The 2nd floor serves as the heart of the home, featuring a vaulted great room with Canadian cedar beams, a floor-to-ceiling stone fireplace with gas logs, walk-in closet at the entry, eat-in kitchen, atrium breakfast nook, dry bar, dining area, rec room, half bath, and laundry room with a built-in ironing board. The kitchen includes a trash compactor, dishwasher, microwave, convection oven, and electric glass-top stove. The 3 sets of French doors in the great room open up to the balcony overlooking the lake. The 3rd floor includes the primary suite and 2 guest bedrooms. The primary suite offers a walk-in closet with a window and exhaust fan, jetted tub, walk-in shower, high-rise commode, bidet, vanity, and French doors to the balcony overlooking the lake. From the bed, the wooden blinds give a gorgeous view of the fireplace below, on the 2nd floor. Guest bath includes a steam bath with Jacuzzi tub. All bedrooms feature cedar beams. The ground-level in-law suite has its own entrance, full kitchen, laundry, bedroom, walk-in closet, bathroom, walk-in shower, gas stove, microwave, trash compactor, dishwasher, and living area with sliding doors to a covered patio, koi pond, and lake views. Great for guests or multi-generational living. The 3-car garage features a rare drive-through design for easy lake access. Little Lake Hobbs connects to 61-acre Lake Hobbs, great for skiing and fishing. Additional features: well-fed irrigation, propane instant water heater, and attic fan. Outdoor living includes 2nd floor balcony that has a gas line for BBQ Grill, a screened patio with jacuzzi, and spiral staircase leading up to 3rd-level deck. The covered boat dock with sundeck, boat lift, launch, outdoor lighting, and electric outlet is just a few feet away from the stairway to home. Pole Barn has parking pads for boats/RVs/toys. A Ford tractor with bush hog is included (needs repair). The estate is partially fenced with electric front fencing and includes pecan trees, Bahia pasture, avocado, cherry, papaya, mulberry trees, and grapevines. Conveniently located near top-rated schools; McKitrick Elem, Martinez Mid, Steinbrenner High, Learning Gate Comm School, and Lutz Preparatory (K–8). Near Lake Park, Oscar Cooler Sports Complex, Heritage Harbor Golf Club, upscale shopping, dining, and Downtown Lutz. Only 20 mins to Downtown Tampa with easy access to Suncoast Pkwy, Van Dyke Rd, and Dale Mabry Hwy. This estate offers income/agricultural potential. May qualify for FL’s Greenbelt exemption. In-law suite offers rental or multi-gen living. Buyers encouraged to explore AG classification with Hillsborough County. Adjacent parcel available for $365k with the purchase of the home (417 Trout Lake Ct)

MLS #:
846697
Taxes
$564(2024)
Lot Size
2.75 acres
Type
Single-Family Home
Year Built
1981
Style
Contemporary, Multi-Level
Views
Lake
County
Hillsborough County
Community
Not on List

Listed By

Glenda "Robin" Shepard, ERA American Suncoast
Phillip Shepard, ERA American Suncoast
Source
CITRUS COUNTY
Last checked Oct 29 2025 at 9:34 PM GMT+0000
Bathroom Details
Interior Features
  • Bathtub
  • Fireplace
  • Dryer
  • Dishwasher
  • Refrigerator
  • Washer
  • Disposal
  • Microwave
  • Skylights
  • Bidet
  • High Ceilings
  • Sliding Glass Door(s)
  • Tub Shower
  • Vaulted Ceiling(s)
  • Walk-In Closet(s)
  • Laundry: Laundry - Living Area
  • Water Heater
  • First Floor Entry
  • Separate Shower
  • Gas Cooktop
  • Laminate Counters
  • Electric Oven
  • French Door(s)/Atrium Door(s)
  • Gas Oven
  • In-Law Floorplan
  • Water Softener Owned
  • Jetted Tub
  • Windows: Skylight(s)
  • Instant Hot Water
  • Second Floor Entry
  • Convection Oven
  • Beamed Ceilings
  • Third Floor Entry
  • Primary Suite
  • Upper Level Primary
Subdivision
  • Not On List
Lot Information
  • Acreage
  • Flat
  • Trees
  • Cleared
  • Greenbelt
  • Pasture
Property Features
  • Fireplace: Gas
  • Foundation: Slab
Heating and Cooling
  • Heat Pump
  • Electric
  • Central Air
  • Attic Fan
Flooring
  • Carpet
  • Tile
Exterior Features
  • Roof: Asphalt
  • Roof: Shingle
Utility Information
  • Utilities: Water Source: Shared Well
  • Sewer: Septic Tank
Parking
  • Attached
  • Concrete
  • Garage
  • Driveway
  • Parking Pad
Living Area
  • 3,463 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 17, 2025
Price Changed
$899,000
-35%
-481,000
Jul 26, 2025
Original Price
$1,380,000
-
-
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Disclaimer: Copyright 2025 Realtors Association of Citrus County. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/29/25 14:34