Cherry Creek in Tampa

Cherry Creek Homes for Sale in Tampa, FL

Established 1988 · Tampa · Hillsborough County

An established 1970s single-family neighborhood in Carrollwood, Tampa, with a very low HOA, quiet streets, and sought-after schools nearby.

Established Carrollwood 1970s homesVery low HOASought-after schools nearby
Live Market Pulse
75/100
Momentum
Seller's Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
$473K
Median Price
1.3mo
Supply
52days
Avg DOM
Strong
Seller Leverage
$288/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Cherry Creek is an established single-family neighborhood in the Carrollwood area of Tampa (Hillsborough County, ZIP 33618), built between about 1972 and 1976, with a very low HOA. The read is an affordable, convenient, established Tampa address near sought-after schools and the Carrollwood Country Club, where value is home-and-condition specific given the 1970s stock. Homes are midsize, with fenced yards and two-car garages, varying by updates. Because they date to the 1970s, confirm the roof, HVAC, plumbing, and any updates, and comp by home and condition rather than against a neighborhood average. The Carrollwood location, the low HOA, and the schools are the draw; the home and its systems are where the value is won."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Cherry Creek market snapshot (as of June 24, 2026): the median sale price is about $473K ($288 per sq ft), with homes averaging 52 days on market and 1.3 months of supply, a seller's market (limited data). Based on 18 recent closings in live Stellar MLS data.

Cherry Creek is an established single-family neighborhood in the Carrollwood area of Tampa (Hillsborough County, ZIP 33618), built between about 1972 and 1976 (Homes by Marco, city-data). It is a peaceful, established community with quiet streets in the heart of Hillsborough County.

Homes are midsize, reported roughly 1,346 to 2,497 square feet with up to four bedrooms, fenced back yards, and two-car garages. Because they date to the 1970s and were updated unevenly, read the build year, the roof, and the systems for the specific home.

Carrying cost is light on the HOA side: reporting puts the HOA very low, around $3 to $50 a month. Treat any figure as reported and confirm the current amount, what it covers, and any scope with the association.

Location is the structural strength: a central Carrollwood location near sought-after schools, including Lake Magdalene Elementary, Adams Middle, and Chamberlain High, plus the Carrollwood Country Club and easy reach to Tampa's job centers and beaches. Confirm the systems and condition, and comp by home and condition.

Best for

  • Buyers who want an affordable, established single-family home in Carrollwood
  • Buyers who value a very low HOA and sought-after schools nearby
  • Buyers comfortable with a 1970s home and budgeting for updates

Probably not for

  • Buyers who want new construction or a uniform master plan
  • Buyers who want a gated or amenity-heavy community
  • Buyers who want acreage or a rural setting

How Cherry Creek is performing right now

75/100
momentum
Seller's Market (limited data)
Seller's marketBalancedBuyer's market
1.3Months of supplytight
52Median days on marketdays
2 : 2Under contract vs for salestrong demand
18Sold in last 12 monthsliquidity
+6%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 24, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Cherry Creek listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Cherry Creek buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Cherry Creek

Live MLS inventory for Cherry Creek. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Cherry Creek listings as of 2026-06-24, priced high to low. Listings courtesy of Stellar MLS as distributed by MLS GRID.. Tap any home to ask about it.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Carrollwood shopping and dining~5 to 10 min · approximate
Dale Mabry Highway corridor~5 to 10 min · approximate
Veterans Expressway access~10 min · approximate
Downtown Tampa~20 to 30 min · approximate
Tampa International Airport (TPA)~20 to 25 min · approximate
Gulf beaches via the Veterans~35 to 45 min · approximate

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Cherry Creek with Momentum Realty’s local guides.

Lake Magdalene Arms EstatesLake Magdalene Arms EstatesTampa, FL · 0.8 miLake Magdalene ManorsLake Magdalene ManorsTampa, FL · 0.9 miCarrollwood Coveat Emerald GreensCarrollwood Coveat Emerald GreensTampa, FL · 1.0 miCarrollwood VillageCarrollwood VillageTampa, FL · 1.3 miNorth PointeNorth PointeTampa, FL · 1.7 miThe Grand at Olde CarrollwoodThe Grand at Olde CarrollwoodTampa, FL · 1.9 miFairclothEstatesFairclothEstatesLutz, FL · 2.1 miCarrollwoodCarrollwoodTampa, FL · 2.1 miCountry Place,Northdale · TampaCountry Place,Northdale · TampaTampa, FL · 2.3 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Cherry Creek (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Hillsborough County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Cherry Creek is served by Hillsborough County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Cherry Creek address.

The takeaway

What actually shapes value in and around Cherry Creek, sourced and dated. We do not publish rumor.

Recent Developments in Cherry Creek

Our read on what is being built around Cherry Creek, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is an established, affordable Carrollwood neighborhood with durable location value and strong schools. The watch items are the individual home and its 1970s systems, the low HOA, and the steady demand for established Tampa housing.

Affordable, established Carrollwood location

BullishA central Carrollwood location with a very low HOA and sought-after schools supports steady demand from buyers who want established Tampa convenience. impact
SignificanceRadius: Submarket

Affordable, established Carrollwood location

1970s stock, updated unevenly

NeutralHomes from the 1970s carry age-related maintenance, so the roof, HVAC, plumbing, and any updates drive value; comp by home and condition, not by an average. impact
SignificanceRadius: Neighborhood

1970s stock, updated unevenly

Strength of the Carrollwood market

BullishContinued demand for the established, school-strong Carrollwood area supports the neighborhood; confirm relevance to the specific home. impact
SignificanceRadius: Submarket

Strength of the Carrollwood market

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Cherry Creek, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. February 2026
    Coastline

    Roughly $126 million Pinellas beach renourishment completed

    Crews placed more than two million cubic yards of sand on Pinellas beaches in a roughly $126 million renourishment finished ahead of the spring season (WUSF, FOX 13). Why it matters: Wider Gulf beaches a drive west add to the regional lifestyle that supports established Tampa neighborhoods like Cherry Creek. Source

  2. June 2026
    Coastline

    Army Corps funding restored for Pinellas beach renourishment

    After a decade-long standoff resolved in late May 2026, the U.S. Army Corps of Engineers will again fund renourishment for Pinellas beaches, with the next project planned around 2030 (WUSF). Why it matters: Restored regional beach funding supports the Tampa Bay lifestyle that draws buyers to Carrollwood. Source

Development alerts for Cherry CreekGet a short monthly email when something new is approved, funded, or opens near Cherry Creek.

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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.

If we were buying in Cherry Creek, this is the order of operations we would run, and the one we run for our clients.

1

Read the 1970s home, the roof, HVAC, plumbing, and any updates, and budget for their age.

2

Confirm the low HOA and scope, reported around $3 to $50 a month, with the association.

3

Verify the zoned schools, since the sought-after schools nearby are a key draw, by address with the district.

4

Weigh the lot and updates, since condition and the lot separate homes here.

5

Comp by home and condition, not against a neighborhood average that mixes original and updated homes.

Best Buy
A sound, updated home on a good lot, priced to its condition and 1970s build era.
Biggest Risk
Underbudgeting the roof, HVAC, or systems on a 1970s home, or comparing to new construction.
Best Lot
Lot size, position, and updates separate homes more than the neighborhood name does.
Smart Timing
Confirm the systems, the HOA, and the zoned schools before you write.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Cherry Creek is an established single-family neighborhood in the Carrollwood area of Tampa (Hillsborough County, ZIP 33618), built between about 1972 and 1976, with a very low HOA reported around $3 to $50 a month. Homes are midsize, reported roughly 1,346 to 2,497 square feet with up to four bedrooms, fenced yards, and two-car garages. The area is near sought-after schools, including Lake Magdalene Elementary, Adams Middle, and Chamberlain High, plus the Carrollwood Country Club, with easy reach to Dale Mabry Highway, the Veterans Expressway, and the airport. Because the stock is 1970s and updated unevenly, confirm the roof, systems, and condition for the specific home. Homes are zoned to Hillsborough County Public Schools by address; verify zoning with the district.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: original or dated homes
$401K to $440K

The most attainable product is more original 1970s homes needing updates. Budget the roof, systems, and cosmetics before assuming a value.

Lowest entry
Mid: updated homes on solid lots
$440K to $625K

The core is updated homes on solid lots. Condition, the systems, and the lot separate these more than square footage.

Most inventory
High: well-updated homes on the best lots
$625K to $680K

The top end is the best-updated homes on the most desirable lots. These trade on condition, the systems, and the lot.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$401K to $440K
Entry: original or dated homes
The most attainable product is more original 1970s homes needing updates. Budget the roof, systems, and cosmetics before assuming a value.
$440K to $625K
Mid: updated homes on solid lots
The core is updated homes on solid lots. Condition, the systems, and the lot separate these more than square footage.
$625K to $680K
High: well-updated homes on the best lots
The top end is the best-updated homes on the most desirable lots. These trade on condition, the systems, and the lot.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Tampa locationStrong
Scarce, established homesitesStrong
Established, in-demand locationPositive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Cherry Creek

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The Carrollwood location, the low HOA, and the schools are priced into every Cherry Creek listing. The deal is won on the home, the systems, and the lot, not the sticker.

Jon Brooks · Founder, Momentum Realty
7.8B+ · Buy Score
Resale Strength8.0/10
Renovation Risk5.6/10
Location Efficiency8.6/10
Long-Term Defensibility7.6/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Cherry Creek is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • Lot size, position, and updates separate homes more than the name.
  • 1970s base means the systems shape carrying cost.
  • The Carrollwood schools and location hold value best.

In an established 1970s neighborhood like Cherry Creek, the home and its condition set value, with the lot shaping the rest. Larger or better-positioned lots and quality updates carry premiums, while the 1970s systems drive carrying cost. Compare a home against the closest sale on a comparable lot within Cherry Creek, and confirm the roof and systems before the finishes.

Cherry Creek in 15 seconds.

Best forBuyers who want an affordable, established single-family home in Carrollwood with strong schools nearby.
Strong onA central Carrollwood location, a very low HOA, sought-after schools, and easy reach to Tampa and the airport.
WatchThe 1970s roof and systems, the condition of the specific home, and the zoned schools by address.
Not forBuyers who want new construction, a gated amenity community, or acreage.
The edge1970s stock updated unevenly, so reading the home and the systems and comping by home finds the value.

HOA, CDD & Fees

15-Second Take
  • Established 1970s Carrollwood single-family neighborhood.
  • Very low HOA, reported around $3 to $50 a month.
  • Sought-after schools nearby; verify zoning by address.
  • Homeowners carry their own roof and systems.
  • Comp by home and condition, not the average.

Reporting puts the HOA very low, around $3 to $50 a month; treat any figure as reported and confirm the current amount, what it covers, and any scope with the association before you offer.

The low HOA generally covers limited common matters; individual homeowners carry their own roof, systems, and yard. Confirm exactly what applies to the specific home.

This is an established single-family neighborhood rather than an amenity community, so nearby Carrollwood parks, the Carrollwood Country Club, and area shopping serve the setting. Confirm any neighborhood association features with the listing.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Cherry Creek, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Cherry Creek, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Cherry Creek home worth?

Get a no-obligation home value based on real comparable sales in Cherry Creek matched to your condition, lot, and view, 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 Cherry Creek on the map →
Or get your Cherry Creek home value & selling guide →

Real comps, not a Zestimate.
How much local inventory is already under contract

42% of homes for sale in ZIP 33618 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-06-24).

Cherry Creek Unit 3 Tampa Market Scorecard

Strong seller's market

Cherry Creek Unit 3 Tampa is currently a strong seller's market. About 1.3 months of supply, a median asking price of $460,450, and homes go under contract in about 52 days.

1.3
Months supply
$460,450
Median list
$473,000
Median sold
$306
Per sqft
52
Days on mkt
2/2/18
Active/Pend/Sold

Typical home value in the 33618 ZIP is $472,948, about 19.2% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

What is Cherry Creek?
An established single-family neighborhood in the Carrollwood area of Tampa (Hillsborough County, ZIP 33618), built between about 1972 and 1976, with a very low HOA.
What kinds of homes are in Cherry Creek?
Midsize 1970s single-family homes, reported roughly 1,346 to 2,497 square feet with up to four bedrooms, fenced yards, and two-car garages. Confirm the build year and condition for the specific home.
What are the HOA fees in Cherry Creek?
Reporting puts the HOA very low, around $3 to $50 a month. Treat any figure as reported and confirm the current amount and scope with the association.
What schools serve Cherry Creek?
The area is near sought-after schools, including Lake Magdalene Elementary, Adams Middle, and Chamberlain High. Assignments change, so verify the exact zoned schools by address with the district.
When was Cherry Creek built?
Homes are reported built between about 1972 and 1976. Treat any build figure as reported and confirm with the listing and the Hillsborough County Property Appraiser.
Where is Cherry Creek located?
In the Carrollwood area of Tampa (ZIP 33618), near Dale Mabry Highway and the Veterans Expressway, with easy reach to downtown Tampa and the airport.
Is Cherry Creek a good investment?
The Carrollwood location, low HOA, and strong schools support demand, but value is home-and-condition specific given the 1970s stock. Confirm the home, the systems, and the schools and decide on value.
What should I check before buying in Cherry Creek?
The build year and condition, the roof, HVAC, and plumbing, the low HOA, the lot, and the zoned schools by address.
Is Cherry Creek a gated community?
It is an established open single-family neighborhood, not a gated community. Confirm any neighborhood association details with the listing.
Should I use the listing agent to buy in Cherry Creek?
No. The listing agent works for the seller. Where the systems and condition swing value, having your own representation is the highest-leverage decision you make.
You want an affordable, established single-family home in CarrollwoodExcellent fit
You value a very low HOA and sought-after schools nearbyExcellent fit
You are comfortable with a 1970s home and budgeting for updatesExcellent fit
You want new construction or a uniform master planProbably not
You want a gated or amenity-heavy communityProbably not
You want acreage or a rural settingProbably not

Get the inside read on Cherry Creek

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Cherry Creek home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Cherry Creek specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Cherry Creek — what to look for, questions to ask, and your local expert.
Stellar MLS logoMLS GRID logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; deemed reliable but not guaranteed by MLS GRID.

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