Waterchase Ph 01
Homes for Sale in Tampa, FL

Community in Tampa · Hillsborough County
369 homesBuilt 2002–2008
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Built fromLive Stellar MLS data20 years of closingsFL DOR public recordsUpdated twice daily
Live · Waterchase Ph 01 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
1
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
88%
Owner-occupied · Waterchase Ph 01
323 of 369 parcels homesteaded (FL DOR 2025)
12%
Non-owner-occupied · Waterchase Ph 01
incl. 3% trust or LLC-held · 2% out-of-state
22%
Cash buyers · Waterchase Ph 01
4 of 18 sales, 12 mo ending June 2019
369
Homes in the community
369 residential parcels (FL DOR 2025)
Track record · 20 years of records
Est. 2002
Community established
homes built 2002-2008, median 2004 (FL DOR 2025)
0
Failed listings · 2021
peaked at 9 in 2021
0.3%/yr
Turnover rate
about 1 of 369 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Waterchase Ph 01 is a large single build-out community of 369 homes constructed between 2002 and 2008, with the median home going up around 2004. What sets price here is not the calendar but the house itself. With a median living area of roughly 3,547 square feet, these are substantial homes, and the spread in value tracks condition and updating far more than location within the community. Two homes of similar size can price very differently depending on how much original 2000s finish is still in place.

The ownership pattern is telling: about 88% of homes carry a homestead exemption, which points to a low-turnover, owner-occupied community. That keeps inventory tight and gives sellers with a genuinely updated home real leverage. For buyers, it means patience — the right listing does not come along often, and when a well-kept, larger home hits the market, it deserves a serious look.

Best for

  • Buyers who need significant square footage and want an established, consistent housing stock
  • Long-hold buyers comfortable in a low-turnover community where listings are infrequent
  • Renovation-minded buyers willing to take on an original-condition home at the right price

Probably not for

  • Buyers seeking new construction or the newest building systems
  • Buyers wanting a small, low-maintenance footprint
  • Buyers on a tight timeline who cannot wait for the right larger listing to appear

The market around Waterchase Ph 01

Waterchase Ph 01 is a small community — 40 recorded sales on file, most recently in 2021 — too few for its own price trend. Here is the market around it.

Across Hillsborough County, 5,970 homes are active and 2,046 pending (26% under contract).

Homes here are single family residence.

ZIP and county figures describe the wider market, not Waterchase Ph 01 specifically. Momentum Research analysis of MLS records.

If we were buying in Waterchase Ph 01 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 Waterchase Ph 01.

Best Buy
Buyers who want a large, established home and value consistency over new construction.
Biggest Risk
Mid-2000s systems may be due for replacement, and condition varies widely.
Sweet Spot
A well-updated larger home bought after a thorough inspection.
Avoid If
You want low-maintenance or newer construction with minimal deferred upkeep.

A large-home community where condition drives everything

At a median of about 3,547 square feet, this is a big-house neighborhood. Homes of this size and age carry systems — roofs, HVAC, water heaters — that are now well into or past their first replacement cycle, so the practical question for any buyer is what has been updated and what has not. That is where the price gap lives. Budget for inspection findings and read the seller's disclosures closely.

Because the homes were built within a narrow six-year band, you get architectural and layout consistency across the community, which makes comparables cleaner and helps both sides price with confidence. The high homestead share also signals residents who have held for a long time; expect a mix of original-condition homes and thoughtfully renovated ones, and let condition — not the listing photos — decide your number.

The location and the amenities are priced into every listing in Waterchase Ph 01. 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 low-turnover community where value hinges on condition and updates rather than headline square footage, the edge comes from reading each home individually. We help buyers separate cosmetic updates from the mechanical work that actually matters on a home built in the mid-2000s, and we help sellers position genuine improvements against the original-condition listings they are competing with.

Waterchase Ph 01 in 15 seconds.

Best forBuyers who want a large, established home and value consistency over new construction.
Biggest advantageA tight 2002-2008 build era makes comparables clean and pricing predictable.
Biggest riskMid-2000s systems may be due for replacement, and condition varies widely.
Sweet spotA well-updated larger home bought after a thorough inspection.
Avoid ifYou want low-maintenance or newer construction with minimal deferred upkeep.

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 Waterchase Ph 01 sales matched to your home.

What is your Waterchase Ph 01 home worth?

Get a no-obligation home value based on real comparable sales in Waterchase Ph 01, 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 Waterchase Ph 01?
The Florida DOR 2025 assessment roll shows 369 homes in Waterchase Ph 01 (public records).
What share of Waterchase Ph 01 is owner-occupied?
88% of Waterchase Ph 01 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Waterchase Ph 01 built?
Homes in Waterchase Ph 01 were built between 2002 and 2008, with a median year built of 2004.0 (FL DOR 2025 roll).
Do cash buyers compete in Waterchase Ph 01?
Cash buyers took 22% of Waterchase Ph 01 sales in the 12 months ending June 2019 (4 of 18 closings, Stellar MLS).
Who is the best real estate agent for Waterchase Ph 01?
The best agent for Waterchase Ph 01 is one who actively works Tampa 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 Waterchase Ph 01.
How do I find a top Tampa real estate agent who knows Waterchase Ph 01?
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 Waterchase Ph 01 and the wider Tampa area.
Can Momentum Realty connect me with an agent for Waterchase Ph 01?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Waterchase Ph 01 purchase or sale - no call center and no pressure.
Buyers who need significant square footage and want an established, consistent housing stockExcellent fit
Long-hold buyers comfortable in a low-turnover community where listings are infrequentExcellent fit
Renovation-minded buyers willing to take on an original-condition home at the right priceExcellent fit
Buyers seeking new construction or the newest building systemsProbably not
Buyers wanting a small, low-maintenance footprintProbably not
Buyers on a tight timeline who cannot wait for the right larger listing to appearProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (8 streets, ZIP 33626))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2006 (45 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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