Lexington Oaks Ph 1
Homes for Sale in Wesley Chapel, FL

Community in Wesley Chapel · Pasco County
391 homesBuilt 1998–2003
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Built fromLive Stellar MLS data13 years of closingsFL DOR public recordsUpdated twice daily
Live · Lexington Oaks Ph 1 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
2
Sold · last 12 mo
10-yr average: about 0 a year
Ownership and context
80%
Owner-occupied · Lexington Oaks Ph 1
314 of 391 parcels homesteaded (FL DOR 2025)
20%
Non-owner-occupied · Lexington Oaks Ph 1
incl. 10% trust or LLC-held · 8% out-of-state
0%
Cash buyers · Lexington Oaks Ph 1
0 of 3 sales, 12 mo ending June 2021
391
Homes in the community
391 residential parcels (FL DOR 2025)
Track record · 13 years of records
Est. 1998
Community established
homes built 1998-2003, median 2000 (FL DOR 2025)
0
Failed listings · 2025
peaked at 11 in 2010
0.5%/yr
Turnover rate
about 2 of 391 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lexington Oaks Ph 1 is a built-out, turn-of-the-millennium section of Wesley Chapel, with homes dating from 1998 to 2003 and a median build year around 2000. At a median of roughly 2,058 square feet, these are substantial floor plans by the standard of their era. With the stock this uniform in age, price here is driven less by the house itself and more by what has been done to it since — updated kitchens, baths, roofs, and systems will separate one closing from the next.

This is a mostly owner-occupied section, with roughly 80% of homes carrying a homestead exemption. That tends to mean fewer distressed or investor-driven sales and a slower, more deliberate transaction pace. For a seller, that stability is an advantage but not a substitute for condition; for a buyer, expect to underwrite each home on its own merits rather than the neighborhood average.

Best for

  • Buyers wanting a larger, established floor plan and willing to weigh updates against price
  • Owner-occupants planning to stay put in a stable, mostly homesteaded section
  • Value-minded buyers comfortable budgeting for roof or systems on an older home

Probably not for

  • Buyers set on new or near-new construction with warranties intact
  • Investors chasing high turnover or distressed inventory, which is thin here
  • Buyers who want zero deferred-maintenance risk and no capital reserve

The market around Lexington Oaks Ph 1

Lexington Oaks Ph 1 is a small community — 45 recorded sales on file, most recently in 2025 — too few for its own price trend. Here is the market around it.

Across Pasco County, 4,307 homes are active and 1,258 pending (23% under contract).

The housing mix here is 98% single family residence, 2% villa.

ZIP and county figures describe the wider market, not Lexington Oaks Ph 1 specifically. Momentum Research analysis of MLS records.

If we were buying in Lexington Oaks Ph 1 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 Lexington Oaks Ph 1.

Best Buy
Buyers who want an established Wesley Chapel section with roomy early-2000s floor plans.
Biggest Risk
Homes are past two decades old, so roof and systems condition varies widely.
Sweet Spot
An updated home near the ~2,058 sq ft median that has already addressed major systems.
Avoid If
You want new construction or a home with no near-term maintenance horizon.

A built-out section where condition is the whole story

With 391 homes all built between 1998 and 2003, there is very little variation in bones across Ph 1. What you are really buying is a snapshot in time — early-2000s construction with generously sized layouts around the 2,058-square-foot median. That homogeneity makes comparison shopping straightforward, but it also means the mechanical and cosmetic story of each individual home matters more than square footage or lot alone.

Because homes here are now well past two decades old, the practical questions are consistent: roof age, HVAC and water heater life, and whether kitchens and baths have been touched. Price spread in a section like this is condition-driven — a thoroughly updated house and a deferred-maintenance one can carry similar footprints and very different values. Read every listing through that lens.

The location and the amenities are priced into every listing in Lexington Oaks Ph 1. 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 section this uniform, the edge is knowing which closings reflect updated homes and which reflect original condition — and pricing accordingly. We work the Stellar data closing by closing rather than leaning on a headline average, so buyers do not overpay for deferred maintenance and sellers position updates where they actually move the needle.

Lexington Oaks Ph 1 in 15 seconds.

Best forBuyers who want an established Wesley Chapel section with roomy early-2000s floor plans.
Biggest advantageA uniform, built-out inventory makes it easy to compare like-for-like homes.
Biggest riskHomes are past two decades old, so roof and systems condition varies widely.
Sweet spotAn updated home near the ~2,058 sq ft median that has already addressed major systems.
Avoid ifYou want new construction or a home with no near-term maintenance horizon.

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 Lexington Oaks Ph 1 sales matched to your home.

What is your Lexington Oaks Ph 1 home worth?

Get a no-obligation home value based on real comparable sales in Lexington Oaks Ph 1, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Lexington Oaks Ph 1?
The Florida DOR 2025 assessment roll shows 391 homes in Lexington Oaks Ph 1 (public records).
What share of Lexington Oaks Ph 1 is owner-occupied?
80% of Lexington Oaks Ph 1 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Lexington Oaks Ph 1 built?
Homes in Lexington Oaks Ph 1 were built between 1998 and 2003, with a median year built of 2000.0 (FL DOR 2025 roll).
Do cash buyers compete in Lexington Oaks Ph 1?
Cash buyers took 0% of Lexington Oaks Ph 1 sales in the 12 months ending June 2021 (0 of 3 closings, Stellar MLS).
Who is the best real estate agent for Lexington Oaks Ph 1?
The best agent for Lexington Oaks Ph 1 is one who actively works Wesley Chapel 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 Lexington Oaks Ph 1.
How do I find a top Wesley Chapel real estate agent who knows Lexington Oaks Ph 1?
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 Lexington Oaks Ph 1 and the wider Wesley Chapel area.
Can Momentum Realty connect me with an agent for Lexington Oaks Ph 1?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Lexington Oaks Ph 1 purchase or sale - no call center and no pressure.
Buyers wanting a larger, established floor plan and willing to weigh updates against priceExcellent fit
Owner-occupants planning to stay put in a stable, mostly homesteaded sectionExcellent fit
Value-minded buyers comfortable budgeting for roof or systems on an older homeExcellent fit
Buyers set on new or near-new construction with warranties intactProbably not
Investors chasing high turnover or distressed inventory, which is thin hereProbably not
Buyers who want zero deferred-maintenance risk and no capital reserveProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (11 streets, ZIP 33544))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2013 (12 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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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.

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