PROMENADE AT LAKE PARK
Homes for Sale in LUTZ, FL
True comps, carrying-cost math, and listings before the portals.
Promenade At Lake Park is about as small as a tracked community gets in Hillsborough County - four homes total, all built in 2019 or 2020, with a median living area just over 4,200 square feet. That combination of scale and size means pricing here is driven almost entirely by the individual home: lot position, finish level, and floor plan matter more than any community-wide trend line.
There are no active listings at this snapshot, and the closings history behind this read spans just a two-month window. That is not enough transaction volume to draw a market direction from - it means any buyer or seller here should treat each listing as its own event rather than expect it to track a broader curve.
The setting & the homes.
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PROMENADE AT LAKE PARKWho PROMENADE AT LAKE PARK is best for.
Best for
- Buyers specifically targeting newer construction from 2019-2020 in the Lutz area
- Buyers who want a larger living area and can be patient waiting for a listing to appear
- Buyers comfortable evaluating a home on its individual merits rather than a community track record
Probably not for
- Buyers who need to choose from active inventory right now
- Buyers expecting an established amenities package as part of the purchase
- Buyers who want a large pool of recent comparable sales to guide an offer
The market around PROMENADE AT LAKE PARK
PROMENADE AT LAKE PARK is too small for its own price trend, so here is the market around it.
In ZIP 33548, 34 homes are on the market and 29% are under contract — a steady corner of LUTZ.
Across Hillsborough County, 6,259 homes are active and 2,098 pending (25% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not PROMENADE AT LAKE PARK specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in PROMENADE AT LAKE PARK, LUTZ
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.
Schools
- Hillsborough County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Hillsborough County Public Schools (verify by address) · Public
- Confirm zoned elementary, middle, and high · By address
- Magnet and choice options may apply · Choice
Zoned schools reflect the assignments reported on recent PROMENADE AT LAKE PARK listings and can change; always confirm with Hillsborough County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any PROMENADE AT LAKE PARK address.
Recent Developments in Promenade At Lake Park
Development, infrastructure, retail, and school activity affecting Promenade At Lake Park, 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 19 miles south of Promenade At Lake Park, 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 14 miles south of Promenade At Lake Park, 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 16 miles south of Promenade At Lake Park, 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 5 miles north of Promenade At Lake Park.
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 Promenade At Lake Park.
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 east of Promenade At Lake Park.
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 PROMENADE AT LAKE PARK buying strategy.
If we were buying in PROMENADE AT LAKE PARK 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 PROMENADE AT LAKE PARK.
A micro-market by design
With only four homes on record and none currently listed, Promenade At Lake Park does not behave like a typical subdivision with comparable sales stacking up month over month. Every home here was built within a single year of each other, which narrows the variables to lot, layout, and condition rather than construction era.
Half of the homes here carry a homestead exemption, which points to a mix of use - some owned as a primary residence, some not. No community amenities are identified in current MLS records, so buyers evaluating this location should confirm directly whether any shared features exist rather than assume a standard package.
The location and the amenities are priced into every listing in PROMENADE AT LAKE PARK. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A four-home community with zero active listings is not a market you read from an algorithm - it takes someone who will call around, check what has quietly changed hands, and price a listing (or an offer) against real comparables rather than guesswork. That is the work we do before we ever put a sign in the yard or write a number on a contract.
PROMENADE AT LAKE PARK 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 PROMENADE AT LAKE PARK 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 PROMENADE AT LAKE PARK sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in PROMENADE AT LAKE PARK, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your PROMENADE AT LAKE PARK home worth?
Get a no-obligation home value based on real comparable sales in PROMENADE AT LAKE PARK, 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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The real cost & risk here
Before the list price, the Florida math the portals skip. These are Hillsborough County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Hillsborough County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.
Promenade at Lake Park Market Scorecard
Promenade at Lake Park is currently a thin data market. Limited supply, a median asking price of n/a.
Go deeper: true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Frequently Asked Questions
How many homes are in PROMENADE AT LAKE PARK?
What share of PROMENADE AT LAKE PARK is owner-occupied?
When were the homes in PROMENADE AT LAKE PARK built?
Do cash buyers compete in PROMENADE AT LAKE PARK?
What schools serve PROMENADE AT LAKE PARK?
Who is the best real estate agent for PROMENADE AT LAKE PARK?
How do I find a top LUTZ real estate agent who knows PROMENADE AT LAKE PARK?
Can Momentum Realty connect me with an agent for PROMENADE AT LAKE PARK?
Should you buy in PROMENADE AT LAKE PARK?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near PROMENADE AT LAKE PARK with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: June 24, 2026) |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2021 (5 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?
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More Lutz (Pasco) & Tampa North / Pasco County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa North / Pasco County or the full Neighborhood Finder.
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