Shephards Cove Realtor

A Rare Find in Lutz
Tucked away just minutes from Dale Mabry Highway, Shepherd’s Cove offers one of Lutz’s most desirable waterfront lifestyles. This intimate community of just 60 homes provides direct access to Lake Shepard, creating a peaceful retreat that feels worlds away from urban hustle while maintaining convenient access to Tampa’s best amenities.

Neighborhood Character (Verified Facts)
✔ Waterfront Status: 80% of homes have lake access
✔ Development Era: Built 1980s-1990s
✔ Home Styles: Custom Florida ranch & two-story designs
✔ Lot Sizes: Generous 0.5-1 acre parcels
✔ Governing Body: Voluntary HOA (no mandatory fees)
Releve’s Insight: “Shepherd’s Cove delivers waterfront living without the premium price tag of Lake Keystone or Tampa Bay proper. It’s where middle-market buyers can still find value with true dock potential.”

Market Snapshot
🏠 Price Range:
Interior homes: $550,000-$700,000
Lakefront properties: $750,000-$1.2M
Recent sales show 12% appreciation since 2021
📊 Inventory Notes:
Only 2-3 homes sell annually
45-60 day average market time
Strong demand for updated properties

The Lake Shepard Advantage
Residents enjoy:
🎣 Excellent Fishing: Largemouth bass and catfish
🦢 Wildlife: Regular blue heron and osprey sightings
🌅 Western Exposure: Breathtaking sunsets over water
🚤 Boat-Friendly: No-wake lake perfect for pontoons
Location Perks
📍 Prime Positioning:
3 min to Dale Mabry shopping
10 min to Tampa Premium Outlets
15 min to Veterans Expressway
25 min to Tampa International
🏫 Schools:
McKitrick Elementary (A-rated)
Martinez Middle
Steinbrenner High (A-rated)

Who’s Buying Here?
Empty nesters trading up to waterfront living
Tampa professionals wanting a nature retreat
Families seeking lakefront childhoods
Boat enthusiasts valuing easy water access

Releve’s Perspective: “We’re seeing more buyers desire Shepherd’s Cove over pricier alternatives. The combination of true waterfront, larger lots, and no mandatory HOA checks all the boxes for buyers wanting freedom with their investment.”

Neighborhood Considerations
✅ Pros:
Some of Lutz’s most affordable waterfront
Low turnover creates stable values
Mature landscaping with privacy
⚠️ Notes:
Older homes may need system updates
Limited inventory means patience required
Septic systems common
Why It Stands Out
Unlike newer communities, Shepherd’s Cove offers:
Authentic Florida waterfront living
Space to breathe (lots 2-3x larger than new builds)
Architectural diversity lacking in planned developments

Local Testimonial: “We searched all over North Tampa for waterfront under $1M. Shepherd’s Cove gave us the dock, the sunset views, and the quiet we wanted – plus great neighbors who’ve been here 20+ years.”

For buyers seeking genuine lakeside living with urban convenience, Shepherd’s Cove remains one of Lutz’s best-kept secrets. Properties here don’t come available often, but when they do, they represent a rare opportunity to own waterfront property in Hillsborough County without the premium price tag.