$3,800,000
820 NEWBERGER ROAD, LUTZ, FL 33549
Beds
3
Baths
2
Sq Ft
3,441 sq ft
Year Built
1979
Lot Size
6.76 acres
Garage
2
About This Property
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.
Property Overview
Interior Features
Exterior & Lot
Pool & Spa
Waterfront
Utilities
Parking
HOA & Community
Financial Details
Directions
Starting N on Veterans Expressway, Exit 13, Left on N Dale Mabry, Right on County Line Rd, Right on 41 South, Left on Newberger Rd, Turn left and you've arrived to 820 Newberger Rd!
Location
820 NEWBERGER ROAD, LUTZ, FL 33549
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$3,800,000
Loan Term
Financing a Luxury Home
Specialized financing for this $3,800,000 property in LUTZ. Luxury purchases typically require jumbo or portfolio lending.
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Jumbo Loan
$380,000 Down
For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.
🎖️
VA Jumbo
$0 Down
VA-eligible borrowers can go above conforming limits with zero down in many cases.
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Portfolio Loan
$570,000 Down
Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.
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Bridge Loan
$760,000 Down
Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: September 30, 2026.