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Listed price in listed location currency (USD).
$3,800,000

322

MLS® TB8497037

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 3441 sqft
Garage Yes
Taxes $6,331
Days Active 7
Lot Size 
Approx. Age 1979
Avg. Price Per Sqft $1,104
MLS® Number TB8497037

Property Address: 820 Newberger Rd, LUTZ, FL, 33549-4024

Average square foot calculated using Size range provided by listing agent.

Description

Positioned along the shores of Lake Kell in Lutz, this is a rare opportunity to control a meaningful stretch of private waterfront in one of the Tampa Bay area’s most supply-constrained segments. The property has been evaluated for its ability to accommodate up to ten luxury residences, including multiple directly on the water. Delivering this level of density on a private lake with no public access is increasingly rare, creating a high-demand product with limited direct competition. Preliminary layouts and planning concepts are already in place, providing a clear path forward for a builder or developer ready to execute. The site offers flexibility to phase construction, build and sell, or develop a cohesive waterfront enclave with strong market positioning and pricing power. Lake Kell’s private nature, minimal boat traffic, and calm waters support the lifestyle today’s luxury buyers are actively seeking. This is a controlled, low-density waterfront setting that enhances long-term value and buyer appeal. The existing 3-bedroom, 2-bath pool home, approximately 2, 376 square feet, provides immediate on-site utility. It can serve as a development office, model center, or operational hub during construction, reducing overhead and improving efficiency. Alternatively, it can be retained as a guest residence within a larger end-user compound. For builders focused on delivering differentiated product with strong absorption potential, this site checks all the boxes. True waterfront exposure, scalable density, and the ability to create multiple premium homesites within a private lake setting. Opportunities of this scale, with this level of flexibility and upside, are increasingly difficult to assemble. This is a chance to step in, control the waterfront, and bring a high-demand luxury product to market.
MLS® NumberTB8497037
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1979
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Bedroom 2:First Floor11 × 13 ft
Dining Room:First Floor12 × 12 ft
Bedroom 3:First Floor11 × 12 ft
Kitchen:First Floor21 × 8 ft
Other:First Floor12 × 17 ft
Family Room:First Floor20 × 14 ft
Living Room:First Floor16 × 18 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 14, 2026List Date
$3,800,000List Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $966,000 and $5,217,000.
Similar properties in this area sold on average for: $966,666
Expected to sell in 46 days. Similar properties sold in 53 days. This home has been on Zoocasa for 7 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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