PARADISE LAKES CONDO
Homes for Sale in LUTZ, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Price here is condition-driven, not location-driven. With a median around $144,000 and a median near $204 per square foot, the story is about small, individually renovated (or not) condo units where what you pay tracks the shape the unit is in more than any square-foot math. Treat two listings at similar asking prices as genuinely different products until you have walked both.
The market posture is slow. A median of roughly 190 days on market and a heat score of 29 tell you sellers are not setting the pace — buyers are. Year-over-year values are up about 2.9%, so this is drifting, not surging. For a buyer, that means time to inspect, negotiate, and walk away. For a seller, it means price to the condition honestly and expect the calendar to move in months, not weeks.
PARADISE LAKES CONDO right now
🔴 Off the recent peak. The trailing-12-month median ($125K) is down 13.8% from the prior 12 months ($145K). With about a dozen 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 August 2. Confidence: Medium (9 and 8 sales in the two windows).
What's unique here: the median sale price is about 63% below the typical Pasco County sale ($125K vs $340K, trailing 12 months, Stellar MLS records).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 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
PARADISE LAKES CONDO market snapshot (as of August 2, 2026): the median sale price is about $125K ($208 per sq ft over the trailing 12 months of closed sales), and a median 148 days on market for closed sales. The trailing-12-month median is down 14% from the prior 12 months, computed from record-level Stellar MLS closed sales (9 closings in the current window).
Paradise Lakes Condo is a small-unit condo market in Lutz, on the Pasco County side, where listings sit for a long stretch before they close and pricing hinges on the individual unit rather than the address.
Who PARADISE LAKES CONDO is best for.
Best for
- Budget-conscious buyers targeting the low end of the condo market who value a low purchase price over speed
- Long-hold buyers comfortable with a slow, drifting market and a multi-month timeline
- Buyers willing to scrutinize condo association documents and finish condition before committing
Probably not for
- Anyone who needs to resell on a short timeline given the roughly 190-day median on market
- Buyers expecting rapid appreciation rather than modest, gradual movement
- Buyers who want a competitive, fast-moving market with quick closings
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($125K) IS the median in the snapshot above, and the move from 2025 ($145K) IS the -13.8% one-year change.
Windows contain 0 to 24 sales each (9 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 2016 through 2026. Deemed reliable but not guaranteed.
28% of homes for sale in ZIP 33558 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 (2026-08-01).
The PARADISE LAKES CONDO buying strategy.
If we were buying in PARADISE LAKES CONDO 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 PARADISE LAKES CONDO.
A patient condo market
The two numbers that matter most here are the median days on market and the heat score. At roughly 190 days, this is a market that rewards buyers who can wait and punishes sellers who assume speed. A heat score of 29 confirms it: demand is soft relative to what is available, and nothing about the recent pace suggests a bidding-war environment.
Because closings in the measured window are thin, single transactions carry outsized weight in the median. Read the per-square-foot figure and the median price as directional, not precise. Verify condo association rules, reserves, and any rental or use restrictions before you commit — in a small condo market, the governing documents often shape resale value as much as the unit itself.
The location and the amenities are priced into every listing in PARADISE LAKES CONDO. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a slow, condition-driven condo market with a long sales cycle, the edge comes from disciplined pricing and real diligence — reading the association documents, comparing units on their actual finish level, and setting expectations against a nearly six-month median timeline. We would rather tell you a unit is overpriced for its condition than watch it sit.
PARADISE LAKES CONDO 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 PARADISE LAKES CONDO 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 PARADISE LAKES CONDO sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PARADISE LAKES CONDO, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your PARADISE LAKES CONDO home worth?
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Recent Developments in Paradise Lakes Condo
Development, infrastructure, retail, and school activity affecting Paradise Lakes Condo, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
Pomelo Square mixed-use community advances in Wesley Chapel
Ryan Cos. and PulteGroup are advancing Pomelo Square, a mixed use development at the northeast corner of Old Pasco Road and Overpass Road in Wesley Chapel. Plans call for 415 residential units made up of 325 apartments and 90 townhomes, about 42,000 square feet of retail, and a hotel pad. Completion is targeted for the first quarter of 2028.
What it may mean for the marketAdds a mixed use community of apartments and townhomes with retail space and a hotel pad, expanding housing and commercial supply in a growing Pasco County corridor. The project is about 7 miles east of Paradise Lakes Condo, elsewhere in Pasco County.
Source: Florida YIMBY - 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 3 miles northwest of Paradise Lakes Condo.
Source: Tampa Bay Times - January 2026Development
Moffitt Cancer Center opens flagship outpatient center at its new Speros FL campus in Pasco
Moffitt Cancer Center held the grand opening of its flagship outpatient cancer center in January 2026 at Speros FL, its large new campus on State Road 52 in Pasco County. The campus is planned as a long-term life sciences and medical hub expected to bring substantial employment to the area.
What it may mean for the marketA large new medical and life sciences campus is a long-term employment anchor for central Pasco, a structural demand driver for housing in the surrounding area. The site is about 7 miles northwest of Paradise Lakes Condo.
Source: WUSF - 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 southeast of Paradise Lakes Condo.
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.
Frequently Asked Questions
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Should you buy in PARADISE LAKES CONDO?
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 August 2, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2016 (92 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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