Ashley Lakes Ph 1
Homes for Sale in Odessa, FL

Community in Odessa · Pasco County
120 homesBuilt 2004–2006
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Built fromLive Stellar MLS data16 years of closingsFL DOR public recordsUpdated twice daily
Live · Ashley Lakes Ph 1 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
72%
Owner-occupied · Ashley Lakes Ph 1
86 of 120 parcels homesteaded (FL DOR 2025)
28%
Non-owner-occupied · Ashley Lakes Ph 1
incl. 6% trust or LLC-held · 3% out-of-state
0%
Cash buyers · Ashley Lakes Ph 1
0 of 3 sales, 12 mo ending June 2022
120
Homes in the community
120 residential parcels (FL DOR 2025)
Track record · 16 years of records
Est. 2004
Community established
homes built 2004-2006, median 2004 (FL DOR 2025)
0
Failed listings · 2015
peaked at 3 in 2011
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Ashley Lakes Ph 1 is a compact, single-vintage pocket in Odessa — 120 homes built across a tight 2004 to 2006 window, with a median living area right at 2,127 square feet. When homes are this similar in age and size, price is driven less by the floor plan and more by condition and updates. Two houses on the same street can trade well apart depending on whether the kitchen, roof, and systems have been touched since the mid-2000s. That is why we describe the price spread as condition-driven rather than quoting a range.

The other number that matters here is the homestead share: about 72% of homes are owner-occupied under homestead. That points to a stable, held inventory rather than a churn of rentals or flips, which typically means listings arrive slowly and buyers compete on the few that do. If you're selling, presentation and updates are your leverage; if you're buying, be ready to move on a well-kept home rather than waiting for a wave of options.

Best for

  • Buyers wanting a roughly 2,100-square-foot home in a settled, owner-occupied community
  • Those willing to inspect carefully and pay for updated systems in a mid-2000s home
  • Buyers prioritizing stability and consistency over a large menu of listings

Probably not for

  • Buyers who need many homes to choose from and can't wait for the right listing
  • Those wanting new construction or a brand-new build vintage
  • Investors expecting a high-turnover, rental-heavy pocket to flip

The market around Ashley Lakes Ph 1

Ashley Lakes Ph 1 is a small community — 13 recorded sales on file, most recently in 2015 — too few for its own price trend. Here is the market around it.

Across Pasco County, 4,307 homes are active and 1,258 pending (23% under contract).

The housing mix here is 97% single family residence, 3% ?.

ZIP and county figures describe the wider market, not Ashley Lakes Ph 1 specifically. Momentum Research analysis of MLS records.

If we were buying in Ashley Lakes Ph 1 today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Ashley Lakes Ph 1.

Best Buy
Buyers who want a consistent, mid-2000s home in a stable, low-turnover pocket of Odessa.
Biggest Risk
Homes are old enough that deferred maintenance — roof, HVAC, kitchens — can hide inside similar-looking listings.
Sweet Spot
An updated home near the 2,127-square-foot median, bought after a thorough condition review.
Avoid If
You need frequent options or a wide selection at all times — inventory here is thin.

A single-vintage enclave where condition is everything

With every home built between 2004 and 2006, buyers here are shopping a consistent product: floor plans and square footage cluster around that 2,127-square-foot median. The variable is upkeep. Homes at this age are hitting the point where roofs, HVAC, water heaters, and original kitchens either have been replaced or are due. The difference between an updated and a deferred-maintenance home is where the real price separation lives, and it's where a careful walk-through pays off.

The 72% homestead share tells you this is a held community, not a speculative one. That tends to keep the streetscape consistent and inventory thin. For a seller, that scarcity can work in your favor when your home shows well. For a buyer, it means patience and readiness — the right listing may not sit long, and you'll want financing and inspection expectations squared away before you tour.

The location and the amenities are priced into every listing in Ashley Lakes Ph 1. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a small, single-vintage community, the deal turns on reading condition correctly — knowing which mid-2000s systems have been updated and pricing the gap honestly. We track what actually closes in Ashley Lakes Ph 1 rather than leaning on automated guesses, and we'll tell you plainly when a home's asking price assumes updates it doesn't have. That candor is worth more than a cheerleader when inventory is thin and each home is its own negotiation.

Ashley Lakes Ph 1 in 15 seconds.

Best forBuyers who want a consistent, mid-2000s home in a stable, low-turnover pocket of Odessa.
Biggest advantageHigh owner-occupancy and a single build era make the product predictable and the streetscape steady.
Biggest riskHomes are old enough that deferred maintenance — roof, HVAC, kitchens — can hide inside similar-looking listings.
Sweet spotAn updated home near the 2,127-square-foot median, bought after a thorough condition review.
Avoid ifYou need frequent options or a wide selection at all times — inventory here is thin.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Ashley Lakes Ph 1 sales matched to your home.

What is your Ashley Lakes Ph 1 home worth?

Get a no-obligation home value based on real comparable sales in Ashley Lakes Ph 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Ashley Lakes Ph 1 on the map →

Real comps, not an automated estimate.

Recent Developments in Ashley Lakes Ph 1

Development, infrastructure, retail, and school activity affecting Ashley Lakes Ph 1, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

  1. July 2026
    Development

    Pomelo Square mixed-use community advances in Wesley Chapel

    Ryan Cos. and PulteGroup are advancing Pomelo Square, a mixed use development at the northeast corner of Old Pasco Road and Overpass Road in Wesley Chapel. Plans call for 415 residential units made up of 325 apartments and 90 townhomes, about 42,000 square feet of retail, and a hotel pad. Completion is targeted for the first quarter of 2028.

    What it may mean for the marketAdds a mixed use community of apartments and townhomes with retail space and a hotel pad, expanding housing and commercial supply in a growing Pasco County corridor. The project is about 13 miles east of Ashley Lakes Ph 1, elsewhere in Pasco County.

    Source: Florida YIMBY
  2. April 2026
    Development

    New mixed-use development planned on State Road 52 in central Pasco

    A mixed-use development planned on State Road 52 in central Pasco County, next to Pilot Country Airport, would add 108 single-family homes, about 175,000 square feet of commercial and retail space, and a 120-room hotel, with completion expected around 2030.

    What it may mean for the marketA new mixed-use community adds housing, retail, and lodging along the State Road 52 corridor in central Pasco, the kind of growth that can shape demand and pricing for nearby communities. The site is about 5 miles east of Ashley Lakes Ph 1.

    Source: Tampa Bay Times
  3. January 2026
    Development

    Moffitt Cancer Center opens flagship outpatient center at its new Speros FL campus in Pasco

    Moffitt Cancer Center held the grand opening of its flagship outpatient cancer center in January 2026 at Speros FL, its large new campus on State Road 52 in Pasco County. The campus is planned as a long-term life sciences and medical hub expected to bring substantial employment to the area.

    What it may mean for the marketA large new medical and life sciences campus is a long-term employment anchor for central Pasco, a structural demand driver for housing in the surrounding area. The site is about 1 mile southeast of Ashley Lakes Ph 1.

    Source: WUSF
  4. January 2026
    Development

    Flagship breaks ground on 46,000-square-foot Wiregrass Ranch Medical Pavilion in Wesley Chapel

    Flagship Healthcare Properties broke ground in January 2026 on a 46,000-square-foot medical pavilion at Wiregrass Ranch in Wesley Chapel, adding outpatient medical space to the growing State Road 56 corridor.

    What it may mean for the marketAdded outpatient medical space along the State Road 56 corridor deepens healthcare access and professional employment in Wesley Chapel, an amenity factor that can support nearby housing demand. The project is about 14 miles southeast of Ashley Lakes Ph 1, elsewhere in Pasco County.

    Source: HCO News

Development alerts for Ashley Lakes Ph 1Get a short monthly email when something new is approved, funded, or opens near Ashley Lakes Ph 1.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

Frequently Asked Questions

How many homes are in Ashley Lakes Ph 1?
The Florida DOR 2025 assessment roll shows 120 homes in Ashley Lakes Ph 1 (public records).
What share of Ashley Lakes Ph 1 is owner-occupied?
72% of Ashley Lakes Ph 1 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Ashley Lakes Ph 1 built?
Homes in Ashley Lakes Ph 1 were built between 2004 and 2006, with a median year built of 2004 (FL DOR 2025 roll).
Do cash buyers compete in Ashley Lakes Ph 1?
Cash buyers took 0% of Ashley Lakes Ph 1 sales in the 12 months ending June 2022 (0 of 3 closings, Stellar MLS).
Who is the best real estate agent for Ashley Lakes Ph 1?
The best agent for Ashley Lakes Ph 1 is one who actively works Odessa and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Ashley Lakes Ph 1.
How do I find a top Odessa real estate agent who knows Ashley Lakes Ph 1?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Ashley Lakes Ph 1 and the wider Odessa area.
Can Momentum Realty connect me with an agent for Ashley Lakes Ph 1?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Ashley Lakes Ph 1 purchase or sale - no call center and no pressure.
Buyers wanting a roughly 2,100-square-foot home in a settled, owner-occupied communityExcellent fit
Those willing to inspect carefully and pay for updated systems in a mid-2000s homeExcellent fit
Buyers prioritizing stability and consistency over a large menu of listingsExcellent fit
Buyers who need many homes to choose from and can't wait for the right listingProbably not
Those wanting new construction or a brand-new build vintageProbably not
Investors expecting a high-turnover, rental-heavy pocket to flipProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (3 streets, ZIP 33556))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2010 (12 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

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More Odessa & Tampa North / Pasco County guides

Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa North / Pasco County or the full Neighborhood Finder.

Thinking of selling in Ashley Lakes Ph 1? See the Pasco County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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