820 NEWBERGER RD, LUTZ, FL, 33549
$3,800,000
Residential
|
Bedrooms
3
|
Bathrooms
2
|
Living Area
3,441 Sqft
|
Lot Size
294,465 Sqft
|
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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8497037 | Year Built: | 1979 | |
| Appliances: | Built-In Oven, Cooktop, Other, Range, Refrigerator | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Hillsborough | Direction Faces: | North | |
| Exterior Features: | Other, Private Entrance, Private Mailbox, Private Yard | Fireplace Features: | Living Room | |
| Flooring: | Other, Tile | Foundation Details: | Slab | |
| Furnished: | Unfurnished | Heating: | Central, Natural Gas | |
| Laundry Features: | Other | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Occupant Type: | Owner | |
| Other Equipment: | Private Entrance, Private Yard | Pool Features: | In Ground | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Septic Tank | Showing Requirements: | 24 Hour Notice | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Other | |
| Water Source: | Well | Waterfront Features: | Lake Privileges | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Family Room: | 20x14 ft | Primary Bedroom: | 12x17 ft | |
| Dining Room: | 12x12 ft | Bedroom 2: | 11x13 ft | |
| Bedroom 3: | 11x12 ft | Living Room: | 16x18 ft | |
| Kitchen: | 21x8 ft | |||
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