Ivelmar Estates
Homes for Sale in Land O Lakes, FL
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-09-20, 6 recorded sales closed at a median of $459,500, $243 per square foot, a median 100 days on market, sellers accepting 77% of original asking (-32% versus the prior year). At the median price and Pasco County's FY2025-26 rate of 16.15 mills, annual property tax runs about $7,420 ($6,770 with the full homestead exemption).
| Location | Land O Lakes, Pasco County, FL · ZIP 34638, 34639 |
|---|---|
| Homes in the community | 142 (FL DOR 2025 assessment roll) |
| Years built | 1935–2022 (median 1984.5) |
| Typical living area | 2,215 sq ft (median) |
| Sale prices, last 12 months | $459,500 median across 6 closed sales · $243 per sq ft · -31.9% vs the prior 12 months |
| Days on market (closed sales) | 100 median |
| Owner-occupied (homestead) share | 80% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2005 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Ivelmar Estates key facts,” movewithmomentum.com/neighborhoods/ivelmar-estates, data as of September 20, 2026.
Price in Ivelmar Estates is driven by condition and vintage, not a uniform product. With a build range spanning 1935 to 2022 and a median year built around the mid-1980s, you are buying into a mix of older and newer construction on a lot-by-lot basis. The median sits at $485,000 at roughly $240 per square foot on about 2,215 square feet, but that single figure hides a wide spread — what you pay tracks closely to how much updating a given house has already absorbed.
The current posture favors a patient buyer. Median days on market is around 90, and the year-over-year price figure is down sharply at -40.1%. That is a small sample — only five recent closings inform this snapshot — so read the drop as a signal that mix and timing move this number hard, not as a clean trend line. Sellers should price to condition and expect a longer marketing window; buyers have room to negotiate and time to underwrite carefully.
Ivelmar Estates right now
🔴 Off the recent peak. The trailing-12-month median ($460K) is down 31.9% from the prior 12 months ($675K). With about 2 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending September 20. Confidence: Low (6 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 26, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Ivelmar EstatesHomes for Sale in Land O Lakes, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Ivelmar Estates market snapshot (as of September 20, 2026): the median sale price is about $460K ($243 per sq ft over the trailing 12 months of closed sales), and a median 101 days on market for closed sales. The trailing-12-month median is down 32% from the prior 12 months, computed from record-level Stellar MLS closed sales (6 closings in the current window).
In ZIP 34638 (Land O Lakes), 1,727 homes closed in the last 12 months at a median of $395K ($181/sq ft), up 1.9% year over year, with a median 45 days on market. Right now 168 active and 81 pending listings put supply at about 2.2 months — a healthy market. See the live ZIP 34638 housing market and the Pasco County market.
County records show 10 qualified sales in Ivelmar Estates across 2024–2025 (5 in 2024, 5 in 2025), median $450,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Ivelmar Estates is a community of 142 homes in Land O Lakes, Pasco County, built between 1935 and 2022 (median 1984.5), with a median living area of about 2,215 square feet. 80% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Ivelmar Estates is a small, established pocket of Land O Lakes where nearly four in five homes carry a homestead exemption, signaling a largely owner-occupied, low-churn setting rather than a fast-turning subdivision.
Who Ivelmar Estates is best for.
Best for
- Long-hold buyers comfortable owning in a low-turnover, largely owner-occupied setting
- Buyers around the mid-$480s median who will price to a specific home's condition rather than a community average
- Renovation-tolerant buyers who can evaluate older systems and add value through updates
Probably not for
- Buyers who need to close fast and cannot absorb a roughly 90-day market pace
- Buyers wanting uniform, newer construction with predictable comps
- Anyone who wants a tight price range and a large pool of active listings to choose from
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($460K) IS the median in the snapshot above, and the move from 2025 ($675K) IS the -31.9% one-year change.
Windows contain 0 to 6 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2005 through 2026. Deemed reliable but not guaranteed.
27% of homes for sale in ZIP 34638 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 (2026-09-20).
Housing distress & ownership in Ivelmar Estates, Land O Lakes
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Ivelmar Estates buying strategy.
If we were buying in Ivelmar Estates today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 Ivelmar Estates.
A vintage spread, not a uniform product
The defining feature here is heterogeneity. A build range from 1935 through 2022 means two houses a street apart can be generations of construction apart, with different systems, footprints, and renovation histories. The median living area near 2,215 square feet is a useful anchor, but it tells you little about any specific home — you are underwriting each property on its own condition, not on a community-wide standard.
The homestead share near 80% points to a stable, held-for-the-long-term inventory, which helps explain both the thin closing count and the extended days on market. Turnover is low, listings are limited, and the handful that do trade set the visible comps. That makes independent, property-level valuation more important here than in a subdivision of near-identical homes.
The location and the amenities are priced into every listing in Ivelmar Estates. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Ivelmar Estates buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (2.6). Basis: Recent Direction -31.9% year-over-year; Owner Commitment 80% owner-occupied; Pricing Power 77.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
Thin closing volume and a wide vintage range make this a market where the median can mislead. We underwrite each home on its own condition and construction era, weigh the long days-on-market reality into pricing and offer strategy, and keep you from over-reading a five-sale sample in either direction.
Ivelmar Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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.
Tools for a Ivelmar Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Ivelmar Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Ivelmar Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Ivelmar Estates home worth?
Get a no-obligation home value based on real comparable sales in Ivelmar Estates, 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 Ivelmar Estates on the map →
Frequently Asked Questions
What is the median home price in Ivelmar Estates?
How long do homes in Ivelmar Estates take to sell?
How many homes are in Ivelmar Estates?
What share of Ivelmar Estates is owner-occupied?
When were the homes in Ivelmar Estates built?
Who is the best real estate agent for Ivelmar Estates?
How do I find a top Land O Lakes real estate agent who knows Ivelmar Estates?
Can Momentum Realty connect me with an agent for Ivelmar Estates?
Where is Ivelmar Estates, and what county is it in?
Is Ivelmar Estates a good place to live?
Should you buy in Ivelmar Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (6 streets, ZIP 34638/34639)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (27 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Ivelmar Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
Schools serving nearby communities
We do not have a confirmed school assignment for Ivelmar Estates. These are the public schools most often assigned to other communities in ZIP 34638 / 34639; zones change and vary by address, so confirm with the district before you buy.
- Pine View Middle School · Middle · FLDOE grade A (assigned to 4 nearby communities)
- Land O' Lakes High School · High · FLDOE grade A (assigned to 4 nearby communities)
- Connerton Elementary School · Elementary · FLDOE grade A (assigned to 2 nearby communities)
- Pine View Elementary School · Public · FLDOE grade A (assigned to 2 nearby communities)
- Pine View Elementary and Middle · By address (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Nearby Communities
Explore more neighborhoods near Ivelmar Estates with Momentum Realty’s local guides.