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
For sale
$1,380,000
503 W Lutz Lake Fern Rd, Lutz, FL 33548
4beds
3,463sqft
Est.:
Single Family Residence
Built in 1981
3.85 Acres Lot
$1,313,200 Zestimate®
$398/sqft
$-- HOA
What's special
Boat dockCovered boat dockIn-law suiteLakefront estateBoat liftFloor-to-ceiling stone fireplaceBahia pasture
- 13 days
- on Zillow |
- 890 |
- 26 |
Zillow last checked: 8 hours ago
Listing updated: August 07, 2025 at 07:20am
Listed by:
Glenda Robin Shepard 727-495-9009,
ERA American Suncoast Realty,
Phillip Shepard 352-345-7329,
ERA American Suncoast Realty
Source: Realtors Association of Citrus County,MLS#: 846697
Originating MLS: Realtors Association of Citrus County

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
Heating
- Heat Pump
Cooling
- Central Air, Electric, Attic Fan
Appliances
- Included: Convection Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Refrigerator, Water Softener Owned, Water Heater, Washer, Instant Hot Water
- Laundry: Laundry - Living Area
Features
- 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
- Flooring: Carpet, Tile
- Doors: Double Door Entry, French Doors, Sliding Doors
- Windows: Skylight(s)
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 6,752
- Total interior livable area: 3,463 sqft
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Attached, Concrete, Driveway, Detached, Garage, Parking Pad
- Attached garage spaces: 7
- Has uncovered spaces: Yes
Features
- Patio & porch: Balcony, Deck, Wood
- Exterior features: Balcony, Deck, Sprinkler/Irrigation, Koi Pond, Landscaping, Lighting, Concrete Driveway
- Pool features: None
- Has spa: Yes
- Fencing: Yard Fenced
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Boat Dock/Slip, Boat Ramp/Lift Access, Lake Privileges, Water Access, Lake Front, Waterfront
- Frontage type: Lakefront,Waterfront
Lot
- Size: 3.85 Acres
- Features: Acreage, Cleared, Flat, Multiple lots
Details
- Additional structures: Pole Barn
- Additional parcels included: 0123820000
- Parcel number: 0134150100
- Zoning: A1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Multi-Level
- Property subtype: Single Family Residence
Materials
- Frame, Stone, Stucco, Wood Siding
- Foundation: Slab
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Not on List
HOA
- Has HOA: No
Location
- Region: Lutz
Financial & listing details
- Price per square foot: $398/sqft
- Tax assessed value: $527,395
- Annual tax amount: $564
- Date on market: 7/28/2025
- Listing terms: Cash,Conventional,FHA,Owner May Carry,VA Loan
- Road surface type: Paved
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