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$499,000

For Sale - Active
18712 Lakeshore Dr, Lutz, FL 33549
4 Beds
4 Baths
2,410 Square Feet
0.18 Acres Lot
Built in 1977
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jun 15, 2025 at 03:28AM

Investment Summary


Monthly Cash Flow
-$932
Cap Rate
4.0%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Property Description


0.18 Acres Lot
Built in 1977
For Sale - Active
1 Units

Live the Lake Life in the Heart of Lutz – Where Nostalgia Meets Modern Comfort Tucked away on a quiet canal with direct access to ski-sized Lake Keene, this meticulously maintained, one-owner home offers a rare blend of privacy, community, and timeless Florida charm. Welcome to a lifestyle where weekend boat rides, evening paddleboard sessions, and coffee on the oversized screened lanai become your new normal. Set on a generous lot with no CDD fees and just a $55/year optional HOA, this custom-built 4-bed, 2 full + 2 half bath home is the kind of opportunity that rarely comes available in beloved “Mayberry” Lutz. From the paver driveway to the ALCOA Country Manor aluminum shake roof, every inch has been cared for with pride. Inside, discover a warm blend of granite countertops, solid hardwood cabinetry, plantation shutters, and thoughtful upgrades—like a cozy brick-hearth fireplace, coffee bar, and a massive walk-in pantry that makes everyday living feel extraordinary. Flexibility abounds with multiple living and entertaining spaces, including a bonus room perfect for a home office, a formal dining room with French doors that open to the lanai for those lake days that turn into evening gatherings under the stars. Unique highlights include: • Direct canal access with private boat basin and seawall • Optional community boat ramp access to Lake Keene • Updated kitchen and baths with granite, hardwood, and GE appliances • Crown molding, built-ins, insulated windows, and hardwood floors • Multiple storage and workspace areas – even the garage is ready to perform Located just minutes to the library, post office, schools, and grocery options, you’re also a quick drive from all that Greater Tampa Bay has to offer—without sacrificing peace, privacy, or space. This is more than a home. It’s a lifestyle—a throwback to simpler times with all the modern comforts.

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Location


Property Details


Parking

  • Description: Driveway, Garage Door Opener, Oversized
  • Details: Driveway, Garage Door Opener, Oversized, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 2
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Metal, Shake

HOA

  • Association: Dave Villegas/Trea & Chad Clayton/Pres

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: U07271919X000000000040
  • Lot Size: 7630 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Custom, Ranch
  • Year Built: 1977

Tax Information

  • Annual Tax: $6,328

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric, Exhaust Fan
  • Cooling: Central Air

Location

  • County: Hillsborough

Listing Details


Listed by:
Tamily Abdo
EXP REALTY LLC
(813) 501-3226

Source:
Stellar MLS
MLS#: TB8384229
Stellar MLS

Investment Summary


Monthly Cash Flow
-$932
Cap Rate
4.0%
Cash-on-Cash Return
-9.7%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.4%

Purchase Details

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Purchase price:
$499,000
Amount financed:
-$399,200
Down payment:
$99,800
Closing costs:
$14,970
Rehab costs:
$0
Initial cash invested:
$114,770
Square feet:
2,410
Cost per square foot:
$207
Monthly rent per square foot:
$1.33

Financing Details

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Loan amount:
$399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,613
Property tax:
$527
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,364

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$527-$6,328
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,327-$15,928

Cash Flow


Monthly Yearly
Net operating income:
$1,681 $20,172
Mortgage payments:
-$2,613 -$31,356
Cash flow:
$932 $11,184