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$1,300,000
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Property Description
Welcome to this extensively remodeled jewel located at the end of a quiet cul-de-sac in the highly sought-after gated village of Lancaster in Tampa Palms. With over $280,000 in recent upgrades and offering five bedrooms, office, and bonus room, this nearly 4,000-square-foot home is a rare find indeed! No expense has been spared with high-end finishes, custom upgrades throughout the home, pool area and rear yard. From the moment you arrive, the home's impressive curb appeal draws you in with its pavered driveway, mature landscaping, and grand double-door entry. Inside, you'll discover a space that feels open, bright, and beautifully updated. The sellers removed interior walls to create an open concept in the formal living and dining areas, allowing natural light to pour in and enhancing the home's flow. Fresh, neutral interior paint and plank porcelain tile flooring throughout the main living areas set a sophisticated and seamless tone. The kitchen is a true showpiece-fully remodeled with contemporary white cabinetry, granite countertops, double ovens, stainless steel appliances, and a modern cooktop. A large island offers plenty of prep space and casual seating, while the walk-in pantry adds generous storage. The kitchen overlooks the spacious family room overlooking the pool and conservation views. The primary retreat is a calming escape, with peaceful views of the conservation area and remodeled pool. The en-suite bath has been completely remodeled and feels like a private spa, featuring an expanded frameless glass shower, a new contemporary stand-alone soaking tub, quartz countertops, designer tile on the walls and flooring, updated lighting, and new cabinetry. Dual walk-in closets with custom built-ins provide plenty of storage.The secondary bedrooms are generously sized and thoughtfully laid out for privacy. All secondary bathrooms have also been remodeled with modern finishes, quartz counters, and stylish tile work. The dedicated office is tucked away from the main living spaces-perfect for remote work or quiet study. The large bonus room offers endless possibilities for a media room, playroom, home gym, or guest retreat. Step outside and discover your private outdoor oasis. The expansive lanai, updated with elegant marble pavers, surrounds a sparkling pool with a sun shelf and upgraded PebbleTec finish. The area is also plumbed for a future outdoor kitchen, making it ideal for entertaining. Just beyond, a large wood deck (2020) overlooks the pie-shaped backyard, fully fenced and backing to tranquil conservation-offering total privacy and a peaceful connection to nature.Additional recent upgrades include: New AC systems (2021), All new interior paint (2020), Garage storage system and epoxy flooring (2021), Whole-home water softener system (2023), EV charger and plug  HOA Fees include membership to Club Tampa Palms Community Center with 3 pools, workout center, playground, pickle ball, basketball, tennis, and meeting rooms.Located in one of New Tampa's most desirable gated communities, with top-rated schools, easy access to I-75, and close proximity to shopping, dining, and recreation, this one-of-a-kind home is move-in ready and waiting for its next chapter.
Full Property Details
Full Property Details for 5004 Waterkey Way
General
- Sold For: $1,300,000
- HOA FEE: $127/month
- HOA FEE FREQ.: Quarterly
- Taxes: $12,164 (2024)
- Status: Closed
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8367552
- Added to Site: 316 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 11
- Interior Features: Ceiling Fan(s), Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Gas
- Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener
- Flooring: Carpet, Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: Gas Dryer Hookup, Laundry Room
Additional Information
- Shared Amenities: Clubhouse, Fitness Center, Playground, Pool
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In Ground, Lighting, Pool Sweep, Screen Enclosure
- Spa: Yes
- Spa Description: Heated
Exterior
- Exterior Features: Irrigation System, Private Mailbox, Rain Gutters, Sidewalk, Sliding Doors
- Deck/Patio: Rear Porch, Screened
- Porch/Patio/Deck: Rear Porch, Screened
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Parking Features: Driveway, Garage Door Opener
Location
- Area: 33647 - Tampa / Tampa Palms
- County: Hillsborough
- Development Name: 33647 - Tampa / Tampa Palms
- Subdivision: TAMPA PALMS AREA 8 PRCL 23 P
- Driving Directions: From I-75 North or South: Take Exit 270 for Bruce B. Downs Boulevard (FL-581). Head west on Bruce B. Downs Boulevard. Drive approximately 1 mile, then turn right onto Tampa Palms Boulevard. Continue for about 1 mile, then turn right onto Palm Springs Boulevard. Follow Palm Springs Boulevard to the end and arrive at the Lancaster gated entrance. Once through the gate, continue straight and turn left onto Waterkey Way. 5004 Waterkey Way will be on your right.
- Direction Faces: East
School Information
- Elementary School: Chiles-HB
- Middle School: Liberty-HB
- High School: Freedom-HB
Community
- Community Name: 33647 - Tampa / Tampa Palms
- Community Features: Deed Restrictions, Fitness Center, Gated Community - No Guard, Sidewalks
- Optional Amenities: Clubhouse, Fitness Center, Playground, Pool
- Association: Yes
- Assoc. Name: Tracy Ingram
- Assoc. Fees Include: Community Pool, Recreational Facilities
- Pet Restrictions: Buyer to verify with HOA.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Exterior Const.: Block, Stucco
- Roof: Tile
- Stories/Levels: One
- Square Feet: 3,950
- Sq. Ft. Source: Public Records
- Living Area: 3,950 Sq. Ft.
- Year Built: 2003
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,229
- Lot Size: 14229
- Lot Dimensions: 93.61 x 152
- Frontage: Street Paved, Private Road
- Street/Road Desc.: Paved
- Fencing (Description): Fenced
Financial Considerations
- Association Fee: $380
- Assoc Fee Freq.: Quarterly
- Assoc Fee Desc.: Required
- Tax Amount: $12,164.61
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: TAMPA PALMS AREA 8 PARCEL 23 PHASE 2 LOT 5 BLOCK 4
- Flood Zone Info: x
- APN: A2227195UQ00000400005.0
- Property ID: A2227195UQ00000400005.0
- Block/Lot/Section: 4
Listed by Florida Executive Realty
Sold by Lokation
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Schools
Schools serving 5004 Waterkey Way
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Chiles Elementary School 16541 Tampa Palms Boulevard West, Tampa, FL 33647 | K-5 | 0.8 mi |
Liberty Middle School, Tampa, FL 17400 Commerce Park Boulevard, Tampa, FL 33647 | 6-8 | 0.7 mi |
Freedom High School, Tampa, FL 17410 Commerce Park Boulevard, Tampa, FL 33647 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5004 Waterkey Way
Date
Details
Price
Change
Source
6/20/2025
Sold
$1,300,000
0.39%
MLS
4/10/2025
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5004 Waterkey Way, Tampa, FL 33647 (MLS# TB8367552) is a Single Family property that was sold at $1,300,000 on June 20, 2025. Want to learn more about 5004 Waterkey Way? Do you have questions about finding other Single Family real estate for sale in Tampa Palms? You can browse all Tampa Palms real estate or contact a Coldwell Banker agent to request more information.

