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$389,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 297 Magnolia Acres Ct
General
- Price: $389,000
- HOA FEE: $200/month
- HOA FEE FREQ.: Quarterly
- Taxes: $4,496 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8505405
- Updated: 5/5/2026
- Added to Site: 1 day(s) ago
Location
- Area: 33548 - Lutz
- County: Hillsborough
- Development Name: 33548 - Lutz
- Subdivision: MAGNOLIA ESTATES
- Driving 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.
Community
- Community Name: 33548 - Lutz
- Association: Yes
- Assoc. Name: Ray Rairigh
- Pet Restrictions: Please verify with HOA
Utilities
- Sewer: Septic Needed
- Water: None
- Utility Description: Electricity Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 1.09
- Lot Size (Sq. Ft.): 47,603
- Lot Size: 1.0928
- Lot Dimensions: 150 x 297
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $356,881
- Association Fee: $600
- Assoc Fee Freq.: Quarterly
- Assoc Fee Desc.: Required
- Tax Amount: $4,496.79
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: MAGNOLIA ESTATES LOT 5
- Flood Zone Info: X
- APN: U132718C9300000000005.0
- Property ID: U132718C9300000000005.0
- Block/Lot/Section: 1
Listed by Florida Executive Realty
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Schools
Schools serving 297 Magnolia Acres Ct
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Lutz K-8 School 202 5th Avenue Southeast, Lutz, FL 33549 | PK-8 | 1.2 mi |
Buchanan Middle School 1001 West Bearss Avenue, Tampa, FL 33613 | 6-8 | 3 mi |
Steinbrenner High School 5575 West Lutz Lake Fern Road, Lutz, FL 33558 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 297 Magnolia Acres Ct
Date
Details
Price
Change
Source
5/05/2026
Listed
$389,000
19.69%
MLS
4/29/2025
Sold
$325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 297 Magnolia Acres Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,497
5%
$246,380
—
2024
$4,271
23%
$246,380
23%
2023
$3,478
—
$200,009
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 297 Magnolia Acres Ct
297 Magnolia Acres Court, Lutz, FL 33548 (MLS# TB8505405) is a Lots/Land property with a lot size of 1.09 acres. 297 Magnolia Acres Court is currently listed for $389,000 and was received on May 05, 2026. Want to learn more about 297 Magnolia Acres Court? Do you have questions about finding other Lots/Land real estate for sale in Lutz? You can browse all Lutz real estate or contact a Coldwell Banker agent to request more information.

