18302 HANNA ROAD
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Dec 21, 2025 | Listed | $1,395,000 | |
| Listed | |||
| | |||
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Discover Your Dream Lakefront Property in Lutz! Welcome to an absolutely pristine 6+ acre lakefront lot in the heart of Lutz. This exceptional property boasts nearly 500 feet of frontage on beautiful Lake Hanna, making it one of the most desirable and rare vacant lots available in Hillsborough or Pasco Counties. Situated on the scenic middle-bend of the east side of Lake Hanna, this expansive lot offers unrivaled development opportunities. Conveniently located near Livingston, Hwy-41, SR-54, this property provides easy access to Tampa Prime Outlets and Downtown Tampa. Essential services, including hospitals, schools, and shopping centers, are less than 10 minutes away. Spanning from Hanna Road on the east to Lake Hanna on the west, the lot promises stunning sunset views over the serene cypress groves lining the west side of the lake. These natural, untouched groves provide an unobstructed backdrop of primitive Florida beauty, ensuring your peace and privacy. Zoned ASC-1, like all rural land in Lutz, this property allows for one home/acre. This zoning preserves the area’s highly desired rural ambiance, making it perfect for those seeking a tranquil, natural pace of life. The lot is ideal for equestrian enthusiasts, hobby farmers, car collectors, and luxury estate seekers. Alternatively, it can be transformed into a small neighborhood of luxury homes, with several enjoying direct lakefrontage and breathtaking lake views. The property benefits from direct access to Hanna Rd and is ready for essential utilities. Lake Hanna, a private 31-acre ski lake in Hillsborough County, is home to only 43 lots. This ensures a quiet, pristine environment even on the busiest summer days. The lake offers various recreational activities, including boating, fishing, and water skiing. This property is an excellent investment opportunity with its prime location and significant development potential. Lutz has shown consistent property value growth, making it a wise choice for both developers and private buyers. Don't miss this unparalleled opportunity to own a slice of paradise on Lake Hanna. Embrace the natural beauty, tranquility, and limitless potential this extraordinary property offers.
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| Oct 25, 2025 | Price Decreased |
$1,395,000
↓ $55K
(3.8%) | |
| Price Decreased | |||
| Mar 28, 2025 | Listed by HOMEPROP | $1,450,000 | |
| Listed by HOMEPROP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017