Lake Magdalene For Rest
Homes for Sale in Tampa, FL

Community in Tampa · Hillsborough County
254 homesBuilt 1927–2024Median sale $635K
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True comps, carrying-cost math, and listings before the portals.

Built fromLive Stellar MLS data12 years of closingsFL DOR public recordsUpdated twice daily
Live · Lake Magdalene For Rest Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Price
$635K
Median sold · 12 mo
$233/sf
Sold $/sqft · 12 mo
peak $307 in 2018
86.4%
Sale vs ask
Hillsborough median: 95.9%
Tempo
172days
Median DOM · closed
48 days at the 2015 low
3
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
77%
Owner-occupied · Lake Magdalene For Rest
205 of 267 parcels homesteaded (FL DOR 2025)
23%
Non-owner-occupied · Lake Magdalene For Rest
incl. 7% trust or LLC-held · 4% out-of-state
33%
Cash buyers · Lake Magdalene For Rest
1 of 3 sales, 12 mo ending June 2026
254
Homes in the community
plus 13 vacant residential lots · 267 residential parcels (FL DOR 2025)
Track record · 12 years of records
Est. 1927
Community established
homes built 1927-2024, median 1974 (FL DOR 2025)
0
Failed listings · 2024
peaked at 6 in 2006
2,950sqft
Median sold home size
12-mo windows, closed sales
1.2%/yr
Turnover rate
about 3 of 254 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Price here is driven by condition and structure more than address. With a housing stock that runs from 1927 to 2024 and a median build year of 1974, you are buying into a wide spread of eras on the same map — original mid-century homes, decades of renovations, and a handful of new builds. That variety is why the median lands at $635,000 and roughly $233 per square foot: it reflects a mix, not a uniform product. Two homes a block apart can be very different bets.

The market posture is slow and deliberate. A median of 172 days on market tells you this is not a place where listings clear in a weekend, and with only three closings in the recent window, there is thin recent comp data to lean on. For buyers, that means room to underwrite carefully and negotiate on condition. For sellers, it means pricing to the median discipline and preparing for a longer runway.

The 60-Second Overview

Lake Magdalene For Rest market snapshot (as of July 15, 2026): the median sale price is about $635K ($233 per sq ft over the trailing 12 months of closed sales), and a median 172 days on market for closed sales.

Lake Magdalene For Rest is a community of 254 homes in Tampa, Hillsborough County, built between 1927 and 2024 (median 1974.0), with a median living area of about 2,360 square feet. 77% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

Lake Magdalene For Rest is an established, slow-turning pocket of Tampa where the roughly 2,360-square-foot median home sits on a long span of build eras, and a high homestead share suggests most owners are holding rather than trading.

Best for

  • Buyers around the mid-$600s who want an established location and will pay for condition or renovate to their standard
  • Long-term owners planning to hold, comfortable in a low-turnover, slow-moving market
  • Buyers who value diligence time and want room to inspect and negotiate rather than compete in a rush

Probably not for

  • Anyone needing a quick sale or purchase, given a median near 172 days on market
  • Buyers who want a uniform, newer-build product rather than a wide mix of eras and conditions
  • Sellers expecting fast turnover or a bidding-war outcome

Windows contain 0 to 5 sales each (3 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.

Homes sold per 12-mo window
0242014201620182020202220242026
0 to 5 a year; 3 in the current window.
Sellers who gave up · failed listings per year
02462006200820142016201820202024
Canceled, expired, or withdrawn. 6 quit in 2006; 0 so far in 2024. The clearest stress gauge a community has.

If we were buying in Lake Magdalene For Rest 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 Lake Magdalene For Rest.

Best Buy
Buyers who want an established Tampa location and are willing to vet condition home by home.
Biggest Risk
Thin recent comps and a wide build-era spread make pricing harder to pin down.
Sweet Spot
A renovated or well-maintained home bought at or near the $635,000 median with clean systems.
Avoid If
You need to buy or sell fast or want a uniform, predictable product.

A condition-driven market, not a price-tier one

With 254 homes and build years stretching from 1927 to 2024, the single most useful thing to know is that the number on the sheet tells you less than the property in front of you. A 1970s home in original shape and a recent rebuild will not price alike, and the median of $635,000 sits in the middle of that reality. Square footage helps anchor value — the median living area is just under 2,360 square feet — but inspection findings, roof and systems age, and renovation quality will move a deal more than any comp.

The pace reinforces this. At 172 days to sell on the median, and with only three closings in the recent window, buyers have time to do diligence and sellers cannot count on momentum doing the work. A homestead share near 77 percent points to a stable ownership base and limited turnover, which is part of why inventory moves the way it does — this is a hold-and-live community, not a churn market.

The location and the amenities are priced into every listing in Lake Magdalene For Rest. 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 market this thin on recent closings and this wide on build era, the value is in reading each property on its own terms rather than trusting a headline median. We underwrite condition, systems age, and renovation quality against the few comps that exist, and we price and negotiate for the long days-on-market reality instead of pretending it away. Whether you are buying carefully or listing a home that needs to stand out over a longer runway, that is the work that protects the number.

Lake Magdalene For Rest in 15 seconds.

Best forBuyers who want an established Tampa location and are willing to vet condition home by home.
Biggest advantageA slow market gives buyers room to inspect, underwrite, and negotiate.
Biggest riskThin recent comps and a wide build-era spread make pricing harder to pin down.
Sweet spotA renovated or well-maintained home bought at or near the $635,000 median with clean systems.
Avoid ifYou need to buy or sell fast or want a uniform, predictable product.

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 Lake Magdalene For Rest sales matched to your home.

What is your Lake Magdalene For Rest home worth?

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Real comps, not an automated estimate.

Frequently Asked Questions

What is the median home price in Lake Magdalene For Rest?
The median sale price in Lake Magdalene For Rest was $635K over the 12 months ending July 15, 2026 (3 closed sales, Stellar MLS).
How long do homes in Lake Magdalene For Rest take to sell?
Homes that closed in the 12 months ending July 15, 2026 took a median 172 days on market (3 sales, Stellar MLS).
How many homes are in Lake Magdalene For Rest?
The Florida DOR 2025 assessment roll shows 254 homes plus 13 vacant residential lots in Lake Magdalene For Rest (public records).
What share of Lake Magdalene For Rest is owner-occupied?
77% of Lake Magdalene For Rest parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Lake Magdalene For Rest built?
Homes in Lake Magdalene For Rest were built between 1927 and 2024, with a median year built of 1974.0 (FL DOR 2025 roll).
Do cash buyers compete in Lake Magdalene For Rest?
Cash buyers took 33% of Lake Magdalene For Rest sales in the 12 months ending June 2026 (1 of 3 closings, Stellar MLS).
Who is the best real estate agent for Lake Magdalene For Rest?
The best agent for Lake Magdalene For Rest is one who actively works Tampa 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 Lake Magdalene For Rest.
How do I find a top Tampa real estate agent who knows Lake Magdalene For Rest?
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 Lake Magdalene For Rest and the wider Tampa area.
Can Momentum Realty connect me with an agent for Lake Magdalene For Rest?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Lake Magdalene For Rest purchase or sale - no call center and no pressure.
Buyers around the mid-$600s who want an established location and will pay for condition or renovate to their standardExcellent fit
Long-term owners planning to hold, comfortable in a low-turnover, slow-moving marketExcellent fit
Buyers who value diligence time and want room to inspect and negotiate rather than compete in a rushExcellent fit
Anyone needing a quick sale or purchase, given a median near 172 days on marketProbably not
Buyers who want a uniform, newer-build product rather than a wide mix of eras and conditionsProbably not
Sellers expecting fast turnover or a bidding-war outcomeProbably not

Data sources & freshness

Community market statsStellar MLS closed sales, 12-month windows ending July 15, 2026
Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (3 streets, ZIP 33613))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2014 (21 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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