
1102 MERRY WATER DRIVE, LUTZ, FL, 33548
Active459 days on marketListed Apr 29, 2025MLS #TB8379522
About this home
1102 MERRY WATER DRIVE
Welcome to this breathtaking gated estate in Ladera on Lake Merry Water. Custom designed and built with the finest materials and premium finishes, this spectacular residence offers unparalleled craftsmanship and elegance. Situated on an expansive parcel — over an acre with the inclusion of the adjoining lot — the setting is truly one-of-a-kind. Featuring 6,783 square feet, this exceptional home offers 5 bedrooms, 5 Full bathrooms, 2 Half Bathrooms, a private home office, an elevator and a spacious bonus/game room — everything you need to truly love where you live. From the moment you arrive, you’ll be captivated by the beautifully landscaped grounds and the private gated entry, offering the ultimate in security and privacy. Upon arrival, be welcomed into a world of timeless luxury, where rich wood-paneled walls, a soaring double-height foyer, and a sweeping stair case welcome you. The formal living room captivates with floor-to-ceiling windows, a custom gas fireplace adorned with an exquisite mantle, and a wood-beamed ceiling that exudes refined sophistication and warmth. The formal dining room is a showpiece, highlighted by a custom brick ceiling, a built-in buffet, and a beautifully appointed adjoining wine room. The kitchen is a chef’s masterpiece, outfitted with the finest professional-grade appliances, including Two Sub-Zero refrigerators, Two Sub-Zero freezers, Two dishwashers, a built-in steamer, an additional prep sink, and a professional Wolf gas cooktop featuring six burners, a grill, a griddle, and double ovens. This extraordinary culinary space is complete with a custom marble backsplash, under- and over-cabinet lighting, intricate crown and rope detailing on the cabinetry, a butler’s pantry, a built-in desk area, a reverse osmosis water system, and a large walk-in custom pantry. The first-floor owner's suite is a luxurious sanctuary, featuring rich hickory hardwood floors, a tray ceiling, a private sitting room, and two expansive walk-in closets. The spa-inspired owner's bathroom is equally impressive, offering dual vanities plus a separate sit-down vanity, a jetted soaking tub, an oversized walk-in shower with four shower heads and multiple body sprays, a towel warmer, a bidet, and a large linen closet — every element thoughtfully designed for ultimate comfort and indulgence. The spectacular family room features a striking beamed ceiling, a custom built-in entertainment center, and two sets of sliding glass doors that recess, seamlessly blending indoor and outdoor living while offering unobstructed views of the pool and lake. Upstairs, you’ll find three private bedroom suites, a spacious bonus room, and a home theater that can easily serve as a fifth bedroom. The upstairs bonus room is perfect for entertaining, showcasing custom-designed built-in cabinetry, a mini kitchen complete with a dishwasher, copper sink, and refrigerator, plus two sets of pocketing sliders that open fully to the expansive terrace — perfect for seamless indoor-outdoor gatherings. The outdoor living spaces are truly extraordinary, highlighted by a resort-style pool and spa, an expansive lanai, and multiple seating and lounge areas designed for relaxation and entertainment. The outdoor kitchen , features an Al Fresco grill with a smoker, a refrigerator, and an island with bar seating. Whether hosting intimate gatherings or grand celebrations, this exceptional estate offers endless opportunities for unforgettable entertaining.
Facts & features
The home at a glance
5
Bedrooms
6
Bathrooms
6,783
Sqft
1.2 ac
Lot size
4
Garage
2009
Year built
Two
Levels
$515
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$23,293 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$23,293/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Lutz actives
$515 vs $243
Days on market
459 vs 35 typical
Where $515/sqft sits among the 270 Lutz actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lutz
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lutz. See the full Lutz guide →
LUTZ 33548 — neighborhood snapshot
Population
8,678
Median age
40.7
Median income
$124,548
Median home value
$523,000
Avg household
2.92
Households w/ children
1,094
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lutz market
$580K → $487K
Lutz median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
160 of 270
Lutz actives have cut their price
Median sold price, Lutz, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 399% above the LUTZ 33548 median. See the full Lutz market guide →
Paper trail
This home's history
Reality check
What actually sold near 1102 MERRY WATER DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$2,575,000
17301 LADERA ESTATES BOULEVARD · same community
5 bd · 6 ba · 7,969 sqft · $323/sqft · 146 DOM
Sold · Feb ’26$1,925,000
1208 MERRY WATER DRIVE · same community
5 bd · 6.5 ba · 5,564 sqft · $346/sqft · 56 DOM
Sold · Aug ’25$1,995,000
1507 AMARONE PLACE · same community
5 bd · 5 ba · 5,412 sqft · $369/sqft · 6 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1102 MERRY WATER DRIVE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1102 MERRY WATER DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1102 MERRY WATER DRIVE FAQs
What would the monthly payment be for 1102 MERRY WATER DRIVE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $23,293/mo — principal and interest, the actual property-tax bill, the $620/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1102 MERRY WATER DRIVE?+
The association fee works out to $620 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1102 MERRY WATER DRIVE?+
The most recent tax bill on record (2024) was $28,119. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1102 MERRY WATER DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lutz?+
At $3,495,000, this home is listed about 613% above the Lutz median of $489,999. The market section on this page shows how the area is trending.
Which schools are assigned to 1102 MERRY WATER DRIVE?+
Lutz K-8 School (elementary), Buchanan Middle School (middle), Steinbrenner High School (high), Patricia Sullivan Metropolitan Ministries Partnership School (elementary) — Hillsborough County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$3,495,000 runs 399% above the LUTZ 33548 median — but at 6,783 sqft it's also nearly 3 times the size of the typical Lutz listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $620/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
459 days on market against a Lutz median of 35 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
Lutz K-8 School, Buchanan Middle School, Steinbrenner High School, Patricia Sullivan Metropolitan Ministries Partnership School — Lutz K-8 School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Michelle Fitz- Randolph. MLS #TB8379522.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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