Hillandale Reserve market snapshot (as of June 25, 2026): the median sale price is about $900K ($260 per sq ft), a buyer-leaning market (limited data). Based on 4 recent closings in live Stellar MLS data.
Hillandale Reserve is a small gated, lakefront single-residential community in the Carrollwood and Lake Magdalene area of Tampa, set on and near Golden Trout Lake (multiple Tampa real estate community guides, 2026). It was built in the 2010s with roughly fifty homes, a small enclave rather than a large subdivision.
Listing guides describe the homes as spacious, open floor plans with traditional styling cues such as front porches, metal roof accents, and brick driveways, with finishes including crown molding, solid-core doors, and granite kitchens and baths. Sizes and bedroom counts vary across the community and any later phases; confirm the exact size, lot, and lake position for any specific home.
Because this is one small community, the money is made or lost on the lot and the home, not on the address alone. The drivers are the specific lot and lake frontage, the home size and condition, the HOA dues and reserves, and the flood picture, all of which have to be read from the current association documents and an insurance quote for the exact home.
The pitch is a quiet gated lakefront address close to central Tampa: the University of South Florida, the I-275 corridor, Carrollwood shopping and dining, and Tampa International Airport are all within reach. The work is the diligence: read the budget and reserves, quote the insurance, and check the flood zone and lake position before you buy the gate.
