40611 OTIS ALLEN ROAD, ZEPHYRHILLS, FL, 33540
Active114 days on marketListed Apr 16, 2026MLS #TB8498242
About this home
40611 OTIS ALLEN ROAD
Prime opportunity to build your dream home on this nearly half-acre lot in Zephyrhills. The existing structure is not habitable and holds no contributory value, making this a perfect site for new construction. Located in a growing area with no HOA and convenient access to major roadways, shopping, and dining. Bring your builder and vision! Property is being sold as-is. Buyer to verify zoning, utilities, and future land use.
Facts & features
The home at a glance
0.46 ac
Lot size
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 — not generic estimates.
$838 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$838/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
Where it sits
Inside Zephyrhills
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Zephyrhills. See the full Zephyrhills guide →
ZEPHYRHILLS 33540 — neighborhood snapshot
Population
11,098
Median age
56.1
Median income
$55,426
Median home value
$120,600
Avg household
2.31
Households w/ children
789
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Zephyrhills market
$331K → $340K
Zephyrhills median sold, yr/yr
97.3%
Sale-to-list ratio (12 mo)
Median sold price, Zephyrhills, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 70% below the ZEPHYRHILLS 33540 median. See the full Zephyrhills market guide →
Paper trail
This home's history
Reality check
What actually sold near 40611 OTIS ALLEN ROAD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$227,000
40608 MELROSE AVENUE · same community
3 bd · 2 ba · 1,144 sqft · $198/sqft · 8 DOM
Sold · Sep ’25$150,000
9617 SILVERBEND DRIVE
3 bd · 2 ba · 920 sqft · $163/sqft · 130 DOM
Sold · Dec ’25$235,000
8041 HAMSTER DRIVE
2 bd · 2 ba · 924 sqft · $254/sqft · 7 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 40611 OTIS ALLEN ROAD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 40611 OTIS ALLEN ROAD — 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
40611 OTIS ALLEN ROAD FAQs
What would the monthly payment be for 40611 OTIS ALLEN ROAD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $838/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 40611 OTIS ALLEN ROAD?+
The most recent tax bill on record (2025) was $651. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Zephyrhills?+
At $98,500, this home is listed about 70% below the Zephyrhills median of $324,495. The market section on this page shows how the area is trending.
Which schools are assigned to 40611 OTIS ALLEN ROAD?+
Raymond B. Stewart Middle School (middle), Zephyrhills High School (high), Chester W. Taylor Junior Elementary School (elementary) — Pasco County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of BINGHAM REALTY INC · Stephanie Batchelor. MLS #TB8498242.
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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