Lakes Of Wellington
Homes for Sale in Lutz, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 18 closed sales in Lakes Of Wellington Ph 1 in Lutz, FL since 2006, the most recent in December 2025. Across Lutz as a whole, 318 homes closed in the last 12 months at a median of $475,000, 41 median days on market, with 72 homes for sale today. At that median and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $7,470 ($6,850 with the full homestead exemption).
Lakes Of Wellington Ph 1 is a small, tightly built pocket of 67 homes in Lutz, all dating from 1998 to 2006, with a median build year right around 2001-2002. What stands out is scale: a median living area above 4,000 square feet puts this community firmly in the larger-home tier for the area, and that square footage, not any amenity package, is what drives value conversations here.
With 86.6% of homes carrying a homestead exemption, this is a community where most owners have settled in for the long haul rather than cycling through as investment or rental stock. That kind of tenure tends to mean fewer listings at any given time, so when a home does come up, condition and layout inside that large footprint matter more than the neighborhood setting or shared amenities.
The 60-Second Overview
Built out between 1998 and 2006, Lakes Of Wellington Ph 1 offers a compact set of larger-footprint homes in Lutz, with a median size north of 4,000 square feet and no shared community amenities identified in current listings.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Lakes Of Wellington is best for.
Best for
- Buyers prioritizing a large living footprint over community amenities
- Buyers comfortable waiting for limited, infrequent listings given the low turnover here
- Buyers focused on homes from a specific, narrow construction era in Lutz
Probably not for
- Buyers who want a resort-style or amenity-rich community as part of the purchase
- Buyers expecting frequent inventory or many concurrent listings to compare
- Buyers seeking a smaller-footprint or lower-maintenance home
The market around Lakes Of Wellington
Lakes Of Wellington is too small for its own price trend, so here is the market around it.
In ZIP 33549, 70 homes are on the market and 26% are under contract — a steady corner of Lutz.
Across Hillsborough County, 6,274 homes are active and 1,939 pending (24% under contract).
ZIP and county figures describe the wider market, not Lakes Of Wellington specifically. Momentum Research analysis of MLS records.
Recent Developments in Lakes Of Wellington Ph 1
Development, infrastructure, retail, and school activity affecting Lakes Of Wellington Ph 1, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
33-story tower planned for Water Street Tampa expansion
Strategic Property Partners plans a 33-story mixed use tower at Water Street and Cumberland Avenue in downtown Tampa on a 1.9-acre site. The building would hold 452 residential units ranging from studios to three bedrooms plus about 37,000 square feet of retail and 645 parking spaces. Construction is scheduled to begin in spring 2027 with completion targeted for 2029.
What it may mean for the marketAdds a 33 story tower with 452 residential units and ground floor retail to the downtown Tampa market, continuing the buildout of the Water Street district and expanding high rise housing supply. The project is about 15 miles south of Lakes Of Wellington Ph 1, elsewhere in Hillsborough County.
Source: Florida YIMBY - July 2026Development
Mercy Oaks II affordable apartments open on North Florida Avenue
Catholic Charities, with the City of Tampa and Hillsborough County, completed Mercy Oaks II, a 17-unit affordable apartment building on North Florida Avenue in East Tampa built on the site of a former strip mall. The project includes 15 one-bedroom and two two-bedroom units, with seven units serving households up to 80 percent of area median income and ten up to 50 percent. It was supported by 1.25 million dollars in state SHIP funds from the city and sits next to the 20-unit Mercy Oaks I completed in 2022.
What it may mean for the marketAdds 17 income restricted apartments on a former strip mall site, expanding the affordable rental supply and converting vacant commercial land to housing. The project is about 10 miles south of Lakes Of Wellington Ph 1, elsewhere in Hillsborough County.
Source: City of Tampa - July 2026Builder Activity
First 3D-printed affordable home nears completion in East Tampa
The nonprofit Corporation to Develop Communities of Tampa is completing Tampa's first 3D-printed affordable home on Lurline Circle in East Tampa, using a gantry-style printer that layers concrete for the walls. The house is expected to be finished within weeks and listed for sale in about two months, with down payment assistance and first time homebuyer programs available. The effort is part of a broader CDC initiative that includes more than 90 multifamily units in East Tampa.
What it may mean for the marketIntroduces 3D concrete printing construction to the local for sale housing market, with a new single family home and additional multifamily units planned. The method signals a new building technique entering the area home supply. The project is about 11 miles south of Lakes Of Wellington Ph 1, elsewhere in Hillsborough County.
Source: Bay News 9 - April 2026Development
New mixed-use development planned on State Road 52 in central Pasco
A mixed-use development planned on State Road 52 in central Pasco County, next to Pilot Country Airport, would add 108 single-family homes, about 175,000 square feet of commercial and retail space, and a 120-room hotel, with completion expected around 2030.
What it may mean for the marketA new mixed-use community adds housing, retail, and lodging along the State Road 52 corridor in central Pasco, the kind of growth that can shape demand and pricing for nearby communities. The site is about 10 miles north of Lakes Of Wellington Ph 1.
Source: Tampa Bay Times - January 2026Development
Flagship breaks ground on 46,000-square-foot Wiregrass Ranch Medical Pavilion in Wesley Chapel
Flagship Healthcare Properties broke ground in January 2026 on a 46,000-square-foot medical pavilion at Wiregrass Ranch in Wesley Chapel, adding outpatient medical space to the growing State Road 56 corridor.
What it may mean for the marketAdded outpatient medical space along the State Road 56 corridor deepens healthcare access and professional employment in Wesley Chapel, an amenity factor that can support nearby housing demand. The site is about 5 miles northeast of Lakes Of Wellington Ph 1.
Source: HCO News
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.
The Lakes Of Wellington buying strategy.
If we were buying in Lakes Of Wellington 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 Lakes Of Wellington.
A community built on square footage, not extras
There is no clubhouse, pool, or gate showing up in the current MLS data for this community. What buyers are paying for is space itself: a median living area above 4,000 square feet across homes built in a fairly tight construction window from 1998 to 2006. That consistency in age means most homes share a similar era of systems and construction standards, even as individual condition and updates will vary house to house.
The high homestead share, at 86.6%, points to a community where turnover is naturally limited. That has a direct practical effect for buyers: inventory here is thin by nature, and sellers with a well-kept, larger home are not competing against a steady stream of comparable listings. For anyone tracking this community, patience and readiness to move when something does list matter more than timing a broader market cycle.
The location and the amenities are priced into every listing in Lakes Of Wellington. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community this small, with only 67 homes and limited turnover, having someone watch the listing feed closely matters more than usual. We track this community as part of our regular Lutz coverage so we can flag a new listing the moment it hits, and we can speak plainly about how a given home's condition and layout compare to the rest of this large-footprint stock.
Lakes Of Wellington 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 Lakes Of Wellington 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 Lakes Of Wellington sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lakes Of Wellington, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lakes Of Wellington home worth?
Get a no-obligation home value based on real comparable sales in Lakes Of Wellington, 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 all homes for sale in Lutz →
Should you buy in Lakes Of Wellington?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2006 (18 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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