Lake Heron Ph 02
Homes for Sale in Lutz, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Lake Heron Ph 02 is a small, built-out pocket of 86 homes in Lutz, all dating to a tight window between 1994 and 1998, with a median year built of 1995. When the housing stock is this uniform in age and size — the median living area sits right around 1,587 square feet — price is driven less by the floor plan and more by condition and updates. A home that has had its roof, systems, and kitchen brought current will command a very different figure than an original-condition owner's home, even though the bones are nearly identical next door.
With about 76% of homes here carrying a homestead exemption, this reads as an owner-occupied community rather than an investor block, which tends to keep turnover measured and inventory thin. For a buyer, that means patience: the right listing does not come up often. For a seller, it means your competition is small and your differentiator is presentation — the updated home in a neighborhood of 1990s originals is the one that sets the pace.
Lake Heron Ph 02 right now
🟡 Still climbing. The trailing-12-month median ($326K) is up 2.0% from the prior 12 months ($320K). 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 July 15. Confidence: Low (4 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated July 15, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Lake Heron Ph 02 market snapshot (as of July 15, 2026): the median sale price is about $326K ($224 per sq ft over the trailing 12 months of closed sales), and a median 70 days on market for closed sales. The trailing-12-month median is up 2% from the prior 12 months, computed from record-level Stellar MLS closed sales (4 closings in the current window).
Lake Heron Ph 02 is a community of 171 homes in Lutz, Pasco County, built between 1993 and 1998 (median 1995), with a median living area of about 1,581 square feet. 77% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Lake Heron Ph 02 is a compact, established Lutz neighborhood of mid-1990s homes on the Pasco County side. It is the kind of place where the value story is about individual home condition, not new construction or price tiers.
Who Lake Heron Ph 02 is best for.
Best for
- Buyers seeking a settled, mature neighborhood who value stability over new-build finishes
- Owner-occupants planning a long hold who want a practical, right-sized single-family home
- Buyers comfortable acting quickly and decisively when a scarce listing surfaces
Probably not for
- Buyers set on new construction or larger, higher-square-footage floor plans
- Investors wanting turnkey rental volume in a mostly owner-occupied pocket
- Buyers who need many active listings to compare at once before committing
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($326K) IS the median in the snapshot above, and the move from 2025 ($320K) IS the +2.0% one-year change.
Windows contain 0 to 6 sales each (4 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 %s through %s. Deemed reliable but not guaranteed.
The Lake Heron Ph 02 buying strategy.
If we were buying in Lake Heron Ph 02 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 Lake Heron Ph 02.
A built-out 1990s pocket in Lutz
Everything here was built within a five-year stretch, so you are buying into a mature streetscape with settled landscaping and no active builder activity. The median living area near 1,587 square feet points to a right-sized single-family footprint rather than sprawling square footage — practical homes that have had three decades to prove out. Expect the meaningful variable at the closing table to be how much of the original 1990s house has been replaced or refreshed.
The high homestead share and the small home count mean listings are episodic rather than constant. Buyers should be pre-positioned and ready to move when something surfaces; sellers benefit from the scarcity but should not assume it does the work for them. Condition, not the calendar, is what closes the gap between a slow listing and a quick one.
The location and the amenities are priced into every listing in Lake Heron Ph 02. 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 Lake Heron Ph 02 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 (6.1). Basis: Recent Direction +2.0% year-over-year; Owner Commitment 77% owner-occupied; Pricing Power 91.3% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood this small and this uniform, the pricing signal lives in the details — which homes have been updated, which are original, and what actually traded. We track the Lake Heron Ph 02 snapshot at the community level so you are not guessing about condition-driven spread, and we will tell you plainly when a listing is priced to its updates or priced to hope.
Lake Heron Ph 02 in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a Lake Heron Ph 02 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 Lake Heron Ph 02 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lake Heron Ph 02, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lake Heron Ph 02 home worth?
Get a no-obligation home value based on real comparable sales in Lake Heron Ph 02, 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 Lake Heron Ph 02 on the map →
Frequently Asked Questions
What is the median home price in Lake Heron Ph 02?
How long do homes in Lake Heron Ph 02 take to sell?
How many homes are in Lake Heron Ph 02?
What share of Lake Heron Ph 02 is owner-occupied?
When were the homes in Lake Heron Ph 02 built?
Do cash buyers compete in Lake Heron Ph 02?
Who is the best real estate agent for Lake Heron Ph 02?
How do I find a top Lutz real estate agent who knows Lake Heron Ph 02?
Can Momentum Realty connect me with an agent for Lake Heron Ph 02?
Should you buy in Lake Heron Ph 02?
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 July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (6 streets, ZIP 33549)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2014 (34 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 your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.