Keystone Park Colony vs Waterchase
Two Hillsborough communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-09-19.
| Metric | Keystone Park Colony | Waterchase |
|---|---|---|
| Median sale price | $1.17M | $1.05M |
| Price per sq ft | $332 | $321 |
| Avg days on market | 81 days | 93 days |
| Months of supply | 4.7 mo | 2.0 mo |
| Market | Buyer-Leaning Market | Balanced Market |
| 1-year price change | False | False |
| Recent closings | 23 | 30 |
The verdict
Keystone Park Colony carries the higher median price — about 12% above Waterchase. Homes in Keystone Park Colony sell faster (81 days on market vs 93). Waterchase is the tighter market on inventory (2.0 months of supply).
Where each one is
| Keystone Park Colony | Waterchase | |
|---|---|---|
| County | Hillsborough County, FL | Hillsborough County, FL |
| City / area | Odessa | Tampa |
| FEMA flood zones (sampled parcels) | 81% of 21 homes outside a flood zone (Zone X) | all 17 sampled homes outside a flood zone |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Keystone Park Colony | Waterchase | |
|---|---|---|
| Homes for sale now | 9 | 5 |
| Under contract | 3 | 2 |
| Asking prices today | $275K to $37.5M | $459K to $2M |
| Property types listed | Manufactured Home, Single Family Residence | Single Family Residence, Townhouse |
Live MLS counts, refreshed with every listing pull. Browse them: Keystone Park Colony homes for sale · Waterchase homes for sale.
The homes themselves
| Keystone Park Colony | Waterchase | |
|---|---|---|
| Homes (parcels) | 103 | 690 |
| Built | 1938–2024 (median 1981) | 1986–2012 (median 2004) |
| Typical living area | 2,341 sq ft | 3,727 sq ft |
| Homesteaded (owner-occupied) share | 65% | 81% |
| Vacant lots | 6 | 0 |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Schools the listings are zoned for
| Keystone Park Colony | Waterchase | |
|---|---|---|
| Elementary | Hammond Elementary School | Bryant-Hb |
| Middle | Sergeant Smith Middle-Hb | Farnell-Hb |
| High school | Steinbrenner High School | Sickles-Hb |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Waterchase is the lower entry point (median $1.05M vs $1.17M). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Waterchase; Keystone Park Colony trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Keystone Park Colony (81 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Keystone Park Colony more expensive than Waterchase?
Yes, on recent sales: the median sale price in Keystone Park Colony is $1,172,000 versus $1,050,000 in Waterchase, about 12% higher.
Which has newer homes, Keystone Park Colony or Waterchase?
Waterchase: its homes were built 1986–2012 with a median year of 2004, versus a median of 1981 in Keystone Park Colony (Florida DOR assessment roll).
Which has bigger homes?
Waterchase. The typical home there is 3,727 sq ft of living area, versus 2,341 sq ft in Keystone Park Colony.
What high schools serve Keystone Park Colony and Waterchase?
Listings in Keystone Park Colony most often report Steinbrenner High School; listings in Waterchase report Sickles-Hb. Zoning is set by the district and can change - verify by address.
Go deeper on each: Keystone Park Colony homes, photos & schools · Waterchase homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.