820 Newberger Road, Lutz, FL 33549
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: angelina arcuri, vincent arcuri
Office: real broker, llc.
MLS#:TB8497037
Source:MFRMLS
Price summary
- Price:$3,800,000
- Price per sq. ft.:$1,104.33
About this home
Positioned along the shores of Lake Kell in Lutz, this is a rare opportunity to control a meaningful stretch of private waterfront in one of the Tampa Bay area’s most supply-constrained segments. The property has been evaluated for its ability to accommodate up to ten luxury residences, including multiple directly on the water. Delivering this level of density on a private lake with no public access is increasingly rare, creating a high-demand product with limited direct competition. Preliminary layouts and planning concepts are already in place, providing a clear path forward for a builder or developer ready to execute. The site offers flexibility to phase construction, build and sell, or develop a cohesive waterfront enclave with strong market positioning and pricing power. Lake Kell’s private nature, minimal boat traffic, and calm waters support the lifestyle today’s luxury buyers are actively seeking. This is a controlled, low-density waterfront setting that enhances long-term value and buyer appeal. The existing 3-bedroom, 2-bath pool home, approximately 2,376 square feet, provides immediate on-site utility. It can serve as a development office, model center, or operational hub during construction, reducing overhead and improving efficiency. Alternatively, it can be retained as a guest residence within a larger end-user compound. For builders focused on delivering differentiated product with strong absorption potential, this site checks all the boxes. True waterfront exposure, scalable density, and the ability to create multiple premium homesites within a private lake setting. Opportunities of this scale, with this level of flexibility and upside, are increasingly difficult to assemble. This is a chance to step in, control the waterfront, and bring a high-demand luxury product to market....
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Home facts
- Year built:1979
- Subdivision & Development:UNPLATTED
- Listing ID #:TB8497037
- Added:210 day(s) ago
- Updated:November 05, 2026 at 08:59 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Tile
- Kitchen Description:Built-In Oven, Cooktop, Range, Refrigerator
- Living area:3,441 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Natural Gas
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1979
- Building area:3,441 sq. ft.
- Lot area:6.76 Acres
- Construction Materials:Block
- Exterior Features:Private Mailbox
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$3,800,000
- Price per sq. ft.:$1,104.33
- Tax amount:$6,331 (2025)
Features and amenities
- Appliances:Built-in Oven, Cooktop, Range, Refrigerator
- Pool features:In Ground, Private Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:2
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