What Is Lakemont Like?
Lakemont is one of Valrico's established, no-nonsense neighborhoods. There is no HOA collecting monthly dues, no architectural review board telling you what color to paint your front door, and no CDD fee padding your tax bill. What you get is a straightforward residential neighborhood with mature trees, pride of ownership, and the kind of old-Valrico character that is disappearing as newer subdivisions fill in the remaining open land.
Homes span multiple decades of construction, with a mix of styles and sizes. You will find everything from modest 3-bedroom ranches to larger custom-built homes. Lot sizes tend to be more generous than newer subdivisions — enough space for workshops, gardens, RV parking, or just a big backyard. The streets are shaded by mature oaks, and the overall feel is quiet and residential.
What About HOA and Restrictions?
Lakemont has no HOA and no CDD. There are deed restrictions recorded against the property, which are separate from an HOA. Deed restrictions may cover basics like property use, outbuilding placement, and commercial activity, but there is no association collecting dues or enforcing architectural standards. For buyers who want freedom over their property, this is the appeal.
How Close Is Everything?
- Publix: 2 miles on SR 60
- SR 60 corridor: 1.5 miles (restaurants, retail, gas)
- Walmart Supercenter: 4 miles
- I-75: 5 miles west (10 minutes)
- Selmon Expressway: 4 miles
- Downtown Tampa: 22 miles (30-35 minutes)
Which Schools Are Zoned?
School zoning depends on the specific address within Lakemont. Most properties feed into the Hillsborough County public school system with strong area schools. Verify the exact elementary, middle, and high school assignments for your property — zoning lines in this part of Valrico can shift by street.
What Is the Flood Risk?
Lakemont generally sits in FEMA Flood Zone X (minimal risk). Some parcels near water features may have different designations — verify for the specific lot. No flood insurance required by lenders for Zone X properties.
How Does Lakemont Compare?
- Valri Park (1 mile): Newer KB Homes construction (2020), HOA managed. More contemporary but smaller lots and HOA oversight.
- Diamond Hill (2 miles): Similar character — larger lots, no HOA in many sections, mix of home ages. Comparable freedom and price range.
- Lake Valrico (1 mile): Lakefront option nearby. Mix of old and new construction around the lake.
- Valrico Hills (1.5 miles): Another no-HOA option with older homes and large lots. Very similar buyer profile.
What Should Buyers Know?
- Due diligence on older homes: With a mix of construction ages, inspections are critical. Check for polybutylene plumbing, outdated electrical panels (Federal Pacific, Zinsco), roof age, and septic vs sewer. These items can significantly affect insurance costs and livability.
- No HOA = no safety net: Without an HOA, there is no community enforcement of property standards. Most neighbors in Lakemont take pride in their homes, but you will occasionally see properties that need attention. Walk the neighborhood before buying.
- Deed restrictions still apply: Even without an HOA, the deed restrictions are enforceable. Read them before purchasing to understand what is and is not allowed on your property.
- Value play: No-HOA neighborhoods in Valrico are increasingly rare as newer construction dominates the market. If you are handy and want space, Lakemont offers square footage and lot size that newer communities cannot match at the price.
- Rentals: Steady rental demand. Expect $1,800-$2,400/mo depending on home size and condition. ViVi Property Management handles rentals in this area.
Barrett Henry is a Broker Associate at REMAX Collective with 23+ years of real estate experience. He lives in Valrico and knows every pocket neighborhood in the area. Call (813) 733-7907 or get a free home valuation to see what your property is worth right now.
Also explore: Valrico homes for sale | Valrico neighborhood guide | Valrico housing market