$389,000
297 Magnolia Acres Court
Lutz, FL 33548
Listing updated: June 4, 2026 at 10:10 AM ET
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Under contract-accepting backup offers. Tucked quietly at the back of the gated, deed-restricted Magnolia Estates community in Lutz, this 1+ acre estate homesite offers a rare blend of privacy, space, and opportunity within an intimate enclave of just 11 luxury custom homesites. Positioned at the end of the cul-de-sac with minimal through traffic, the setting creates a peaceful, private backdrop ideal for a custom-built residence. The property is high and dry, maximizing usability and design flexibility, and the seller has completed 2025 geophysical studies, offering valuable insight for a more streamlined building process. Build-ready and bring your own builder or explore the option of working with a builder already familiar with the community. Surrounded by established luxury custom homes, with recent sales in the $1M+ range.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history13 days on market
- Status: PendingMay 19, 2026
- Listed$389,000May 5, 2026
- Price increased$389,000
Facts & features
- Property type
- Land
- Status
- Pending
- Days on market
- 13
- Subdivision
- Magnolia Estates
- County
- Hillsborough
- Price/sq ft
- $8
- Lot size
- 47,603 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X
- Annual taxes
- $4,497 (2025)
- Parcel #
- U-13-27-18-C93-000000-00005.0
- Zoning
- ASC-1
- MLS #
- TB8505405
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HOA & Financial
- HOA fee
- $600 / Quarterly
- Monthly HOA
- $200/mo
- Total monthly fees
- $200/mo
- Total annual fees
- $2,400
- HOA name
- Ray Rairigh
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Needed
- Water source
- None
- Utilities
- Electricity Available
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2026-05-05
- On market date
- 2026-05-05
- Original list price
- $389,000
- MLS area
- 33548 - Lutz
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-05-19
- Tax legal description
- MAGNOLIA ESTATES LOT 5
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From US 41 north to Crystal Lake Rd., make left on Crystal Lake then immediately left on Frontage Rd., Magnolia Estates is on the right.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 4, 2026 at 10:10 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA