Marked significantly down in price to allow you the opportunity for fixes to make this home your own. Located in the gated Village of Peregrina within the sought-after Watergrass resort-style community, this spacious two-story home features five generously sized bedrooms, three and a half bathrooms, and a three-car garage. The layout includes a main floor primary suite with an en-suite bath and walk-in closet, along with a kitchen, family room, laundry room, half bath, and a versatile office or formal dining room. A convenient bar station sits between the kitchen and the living or office area, perfect for your morning coffee or entertaining. Upstairs, you'll find a large bonus room, four additional well-sized bedrooms, and two full bathrooms—one with dual sinks and the other with a single vanity. The home is equipped with two separate air-conditioning units for comfort on both levels. The exterior offers a spacious fenced backyard with an extended paver patio. The fencing includes 6-foot vinyl panels on the sides and a lower 3-foot picket fence at the rear, providing a clear view of the open land behind the property. Structurally sound, this home needs some TLC but holds incredible potential as an investment or family home. Watergrass is a master-planned community featuring resort-style amenities including a zero-entry pool and splash zone, a Jr. Olympic pool, a second pool by the new pavilion, a fitness center, clubhouse, tennis and basketball courts, dog parks, splash pad, and multiple playgrounds and parks. Each village also includes private sports courts and play areas. Watergrass Elementary is located within the neighborhood, and a brand-new charter school is situated just outside. This home is conveniently located near top-rated schools, Pasco Hernando State College, Saint Leo University, the University of South Florida, and multiple hospitals including AdventHealth, BayCare, and the upcoming Orlando Health facility. Nearby shopping and dining options include Wiregrass Mall, Tampa Premium Outlets, Sam’s Club, Costco, and more. There is quick access to I-75, I-275, Downtown Tampa, and Tampa International Airport. HOA is just $12.50 per month. The CDD fee of $2,576.19 is already included in the annual property tax bill and covers all community amenities, street maintenance, community landscaping, and lighting. Schedule your showing today—this home offers space, value, and the potential to truly make it your own.