The Towns At Watergrass
Homes for Sale in Wesley Chapel, FL

Community in Wesley Chapel · Pasco County
72 homesBuilt 2023–2024
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Built fromLive Stellar MLS data3 years of closingsFL DOR public recordsUpdated twice daily
Live · The Towns At Watergrass Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
38%
Owner-occupied · The Towns At Watergrass
28 of 73 parcels homesteaded (FL DOR 2025)
62%
Non-owner-occupied · The Towns At Watergrass
incl. 12% trust or LLC-held · 6% out-of-state
0%
Cash buyers · The Towns At Watergrass
0 of 5 sales, 12 mo ending June 2024
72
Homes in the community
plus 1 vacant residential lots · 73 residential parcels (FL DOR 2025)
Track record · 3 years of records
Est. 2023
Community established
homes built 2023-2024, median 2024 (FL DOR 2025)
0
Failed listings · 2024
peaked at 1 in 2024
Jon Brooks, founder of Momentum Realty
Jon's Current Read

The Towns At Watergrass is a small, new-construction townhome enclave — 72 homes total, all built in 2023 or 2024, with a median build year of 2024. That narrow build window means condition variance is low: you are not weighing a 2023 unit against a decades-old resale, you are comparing similarly new construction against itself, which simplifies the buy decision but also means there is little to distinguish one listing from another beyond floor plan and lot.

There is no closings data in the current window, so we cannot speak to recent sale pricing or velocity here — this is a community where you price and negotiate off active listings and comparable new-construction product nearby, not off a resale track record. With homestead exemptions filed on just under 39% of homes, a meaningful share of the community is held as non-owner-occupied or investment property, which is worth factoring into how HOA decisions and rental activity may run alongside owner-occupied units.

Best for

  • Buyers prioritizing new construction with minimal near-term maintenance concerns
  • Buyers comfortable pricing off active listings and nearby new-construction comparables rather than an established resale record
  • Buyers who want a smaller, low-turnover townhome footprint (72 total homes) rather than a large master-planned section

Probably not for

  • Buyers who want to verify amenities upfront rather than confirm them directly with the HOA
  • Buyers relying on recent closed-sale data to benchmark an offer price
  • Buyers seeking an established, long-settled community with a lengthy ownership and resale track record

The market around The Towns At Watergrass

The Towns At Watergrass is a small community — 1 recorded sale on file, most recently in 2024 — 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 83% townhouse, 17% single family residence.

ZIP and county figures describe the wider market, not The Towns At Watergrass specifically. Momentum Research analysis of MLS records.

If we were buying in The Towns At Watergrass 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 The Towns At Watergrass.

Best Buy
Buyers who want a newly built townhome with minimal deferred maintenance risk and are comfortable pricing off active listings rather than resale history.
Biggest Risk
There is no closings data in the current window, meaning pricing guidance and market timing here are thinner than in an established community.
Sweet Spot
A unit near the median 1,642 square feet, evaluated against current active listings and confirmed HOA amenity details before offer.
Avoid If
You need a deep comparable-sales history or confirmed community amenities before you commit to a purchase.

A new-build townhome pocket, still finding its footing

With only 72 homes and a median build year of 2024, this is a young, still-settling community. There is no sales history in the current window to establish a pricing pattern, so buyers and sellers here are working with limited precedent — comparisons will need to lean on active listings and on comparable new-construction townhome product elsewhere in the Watergrass area rather than on a deep resale record.

Current MLS listings do not identify community amenities, which does not necessarily mean none exist — it means they are not showing up in the listing data we can verify. Anyone evaluating this community should confirm directly with the HOA what is included, what dues cover, and whether shared amenities are part of a broader Watergrass master plan versus this specific enclave. The homestead share (roughly 38%) is also worth noting for buyers thinking about resale liquidity or rental comparables, since a notable portion of the community carries non-homestead status.

The location and the amenities are priced into every listing in The Towns At Watergrass. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

A community this new and this small does not have a deep public sales record to lean on, which is exactly where local, listing-level diligence matters — pulling active comparables, verifying what the HOA actually covers, and reading the homestead/non-homestead mix for what it signals about resale and rental activity. We do that work before you write an offer, not after.

The Towns At Watergrass in 15 seconds.

Best forBuyers who want a newly built townhome with minimal deferred maintenance risk and are comfortable pricing off active listings rather than resale history.
Biggest advantageEvery home was built in 2023 or 2024, so you are evaluating floor plan and lot rather than decades of condition variance.
Biggest riskThere is no closings data in the current window, meaning pricing guidance and market timing here are thinner than in an established community.
Sweet spotA unit near the median 1,642 square feet, evaluated against current active listings and confirmed HOA amenity details before offer.
Avoid ifYou need a deep comparable-sales history or confirmed community amenities before you commit to a purchase.

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 The Towns At Watergrass sales matched to your home.

What is your The Towns At Watergrass home worth?

Get a no-obligation home value based on real comparable sales in The Towns At Watergrass, 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 The Towns At Watergrass?
The Florida DOR 2025 assessment roll shows 72 homes plus 1 vacant residential lots in The Towns At Watergrass (public records).
What share of The Towns At Watergrass is owner-occupied?
38% of The Towns At Watergrass parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in The Towns At Watergrass built?
Homes in The Towns At Watergrass were built between 2023 and 2024, with a median year built of 2024 (FL DOR 2025 roll).
Do cash buyers compete in The Towns At Watergrass?
Cash buyers took 0% of The Towns At Watergrass sales in the 12 months ending June 2024 (0 of 5 closings, Stellar MLS).
Who is the best real estate agent for The Towns At Watergrass?
The best agent for The Towns At Watergrass 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 The Towns At Watergrass.
How do I find a top Wesley Chapel real estate agent who knows The Towns At Watergrass?
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 The Towns At Watergrass and the wider Wesley Chapel area.
Can Momentum Realty connect me with an agent for The Towns At Watergrass?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your The Towns At Watergrass purchase or sale - no call center and no pressure.
Buyers prioritizing new construction with minimal near-term maintenance concernsExcellent fit
Buyers comfortable pricing off active listings and nearby new-construction comparables rather than an established resale recordExcellent fit
Buyers who want a smaller, low-turnover townhome footprint (72 total homes) rather than a large master-planned sectionExcellent fit
Buyers who want to verify amenities upfront rather than confirm them directly with the HOAProbably not
Buyers relying on recent closed-sale data to benchmark an offer priceProbably not
Buyers seeking an established, long-settled community with a lengthy ownership and resale track recordProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (2 streets, ZIP 33545))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2023 (6 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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More Wesley Chapel & 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.

Thinking of selling in THE TOWNS AT WATERGRASS? See the Pasco County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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