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$1,099,000
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Property Description
One or more photo(s) has been virtually staged. **Assumable 3.25% VA loan** SELLER CONCESSIONS Availabale. Motivated Seller. Enjoy breathtaking views of Lake Tarpon from this large custom home, perfectly positioned on one of the most elevated lots in the area. This stunning 4 bedroom + den, 4 bathroom, 4,200sqft home sits directly infront of a protected gopher tortoise preserve, ensuring that nothing will ever be built behind you - your serene water views are forever preserved. Prime location! Only 10 minutes from the Sponge Docks and 18 minuts from Fred Howard Park. Nestled in Waterberry, an intimate, highly sought-after community of only 14 homes on Lake Tarpon, this is one of only a handful of homes that have ever come to market, with only one sale in the past two years. Homes here rarely change hands, making this a rare opportunity to own in one of Tarpon Springs' most exclusive neighborhoods. Built on a massive hill, high above the floodplain and well beyond Flood Zone X, this home is completely high and dry - it sustained absolutely no storm damage and requires no flood insurance. Inside, you find plenty of space for the entire family with all four bedrooms featuring ensuite bathrooms! On the main level, you'll immediately notice the stunning hardwood floors, open-concept layout, high coffered ceilings and water views from nearly every room. The primary suite and main level showcase real hardwood floors, tray ceilings, and elegant finishes throughout. The living room features a beautiful fireplace, crown moldings, and fantastic views of Lake Tarpon. Just off the living room is the kitchen, complete with wood cabinetry, granite countertops, newer stainless steel KitchenAid appliances, and a spacious eat-in area perfect for breakfast. The formal dining room off the kitchen is ideal for larger gatherings and celebrations. On the opposite side of the living room, French doors open to a versatile den, perfect for a home office with its own private balcony. The lower level (or basement) has been fully permitted and thoughtfully finished to include over 1,300sqft of living space, including a private 4th bedroom or in-law suite, a game room, plus plumbing for a wet bar or kitchen - ideal for guests, multi-generational living, or entertaining. You'll also find a dedicated wine cellar for your collection. Relax in style on your large covered porch overlooking the pool and lake. Step outside to your private paradise and enjoy a resort-style saltwater pool with water features, firepit, and a raised patio perfect for nighttime entertaining - all while taking in tranquil water views of Lake Tarpon from the pool deck. The 0.28-acre (12,589 sq ft) lot offers generous outdoor space and an oversized 4-car garage with plenty of room for a boat or extra storage. Recent upgrades provide complete peace of mind and modern comfort, including a new roof (2022), a new central HVAC system (2022), with a new mini-split for the lower level added in 2023, and remodeled primary bathroom and remodeled guest bathrooms (2023). This home features a new hot-water heater (2022), electronic and manual roller shades throughout (2022), and a newer Maytag washer and dryer (2020). A propane tank added in 2021 provides convenient gas service with easy, once-a-year fill-ups. Aggressively priced below comparable homes, this Lake Tarpon gem combines serenity, luxury updates, and unmatched elevation - all with no flood insurance required, low HOA costs, and no CDD fees.
Full Property Details
Full Property Details for 122 Waterberry Dr
General
- Price: $1,099,000
- HOA FEE: $260/month
- Taxes: $14,349 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8439934
- Updated: 1/15/2026
- Added to Site: 89 day(s) ago
Rental Information
- Min. Lease: 1-2 Years
Interior
- Number of Rooms: 9
- Interior Features: Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
- Fireplace: Yes
- Fireplace(s): Gas, Stone
- Appliances: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator, Water Softener
- Furnishings: Unfurnished
- Flooring: Carpet, Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Electric Dryer Hookup, Inside, Laundry Room
Additional Information
- Shared Amenities: Gated
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground, Lighting, Salt Water
- Spa Description: In Ground
- Security/Safety: Gated Community, Security System
Exterior
- Exterior Features: Balcony, Irrigation System, Outdoor Grill
- Deck/Patio: Covered, Porch, Rear Porch
- Porch/Patio/Deck: Covered, Porch, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 4
- Covered Spaces: 4
- Parking Features: Boat, Driveway, Garage Door Opener, Oversized
Location
- Area: 34688 - Tarpon Springs
- County: Pinellas
- Development Name: 34688 - Tarpon Springs
- Subdivision: WATERBERRY PRIVATE LAND RESERVE
- Driving Directions: Off Keystone Rd and Richard Erwin Parkway. Second house to the left after the gate on Waterberry Dr.
- Direction Faces: Northwest
School Information
- Elementary School: Tarpon Springs Elementary-PN
- Middle School: Tarpon Springs Middle-PN
- High School: Tarpon Springs High-PN
Community
- Community Name: 34688 - Tarpon Springs
- Optional Amenities: Gated
- Association: Yes
- Assoc. Name: Waterberry HOA - Rhett Margolin
- Assoc. Fees Include: Private Road
- Pet Restrictions: Check with Local restrictions
Heating & Cooling
- Cooling Type: Central Air, Mini-Split Unit(s), Zoned
- Heating Type: Central, Electric, Heat Pump, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water District: LAKE TARPON
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Propane, Sewer Connected, Sprinkler Well, Water Connected
Structural Information
- Architectural Info: Contemporary, Custom, Florida, Mediterranean, Traditional
- Architectural Style: Contemporary, Custom, Florida, Mediterranean, Traditional
- Exterior Const.: Block, Concrete, Stucco, Wood Frame
- Roof: Shingle
- Windows: Blinds, Drapes, Rods, Shades, Thermal Windows, Window Treatments
- Stories/Levels: Two
- Square Feet: 4,200
- Sq. Ft. Source: Owner
- Year Built: 2003
Lot Features
- Property View: Pool, Trees/Woods, Water
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,589
- Lot Size: 12589
- Lot Dimensions: 102 x 133
- Street/Road Desc.: Asphalt, Concrete, Paved
- Fencing (Description): Other
Water Features
- Water View: Yes
- Water Front Name: LAKE TARPON
Financial Considerations
- Association Fee: $260
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Tax Amount: $14,349
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: WATERBERRY, A PRIVATE LAND RESERVE LOT 19
- Flood Zone Info: x
- APN: 82716950800000190
- Property ID: 82716950800000190
- Block/Lot/Section: 190
Listed by Serhant
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Schools
Schools serving 122 Waterberry Dr
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Tarpon Springs Elementary School 555 Pine Street, Tarpon Springs, FL 34689 | PK-5 | 1.4 mi |
Tarpon Springs High School 1411 Gulf Road, Tarpon Springs, FL 34689 | 9-12 | 3.3 mi |
Tarpon Springs Middle School 501 North Florida Avenue, Tarpon Springs, FL 34689 | 6-8 | 3.3 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 122 Waterberry Dr
Date
Details
Price
Change
Source
12/12/2025
Price Reduced
$1,099,000
-4.43%
MLS
11/29/2025
Price Reduced
$1,150,000
-2.13%
MLS
11/14/2025
Price Reduced
$1,175,000
-2.08%
MLS
10/21/2025
Listed
$1,199,999
36.52%
MLS
8/19/2021
Sold
$879,000
—
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 122 Waterberry Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,743
5%
$882,887
3%
2024
$14,947
1%
$858,005
3%
2023
$14,745
101%
$833,015
101%
2021
$7,342
-45%
$413,994
-45%
2022
$13,254
81%
$749,225
84%
2021
$7,342
2%
$408,278
2%
2019
$7,207
12%
$399,099
12%
2018
$6,439
1%
$357,677
2%
2017
$6,386
1%
$350,320
2%
2016
$6,334
-2%
$343,115
1%
2015
$6,435
—
$340,730
1%
2014
$6,404
1%
$338,026
1%
2013
$6,369
—
$333,031
—
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 122 Waterberry Dr
122 Waterberry Drive, Tarpon Springs, FL 34688 (MLS# TB8439934) is a Single Family property with 4 bedrooms and 4 full bathrooms. 122 Waterberry Drive is currently listed for $1,099,000 and was received on October 21, 2025. Want to learn more about 122 Waterberry Drive? Do you have questions about finding other Single Family real estate for sale in Tarpon Springs? You can browse all Tarpon Springs real estate or contact a Coldwell Banker agent to request more information.

