21506 GRAY TERN COURT, LUTZ, FL, 33549
Active101 days on marketListed Apr 25, 2026MLS #W7885096
About this home
21506 GRAY TERN COURT
MAINTENANCE-FREE VILLA –LOW HOA and No flood insurance required in this X zone. Welcome to this adorable and well-maintained 2-bedroom + den/office villa offering 1,288 sq. ft. of comfortable living space, perfectly situated on a quiet cul-de-sac in a tucked-away neighborhood surrounded by serene lakes in the desirable community of Lake Heron. . This home features a desirable split-bedroom floor plan, providing privacy and functionality, along with a versatile den that can easily be converted into a 3rd bedroom. The spacious interior showcases cathedral ceilings, architectural archways, plant shelves, and textured walls, creating character and charm throughout. The bright and airy living room is enhanced by skylights and a mirrored accent wall, bringing in natural light and an open feel. The kitchen offers abundant cabinet storage, decorative display shelving, rope lighting for added ambiance, a convenient breakfast serving area, and an eat-in space perfect for casual dining. Enjoy indoor-outdoor living with an enclosed back patio just off the family room—ideal for relaxing or entertaining. The primary bedroom is spacious and comes with its own bathroom with dual vanity, enclosed shower, private water closet and a walk in closet. Additional highlights include:New Lennox HVAC system, Tile flooring throughout for easy maintenance 1-car garage with additional parking for up to 3 vehicles Security system for added peace of mind Residents enjoy fantastic community amenities including a sparkling pool, tennis courts, and a clubhouse—perfect for social gatherings and an active lifestyle. There is also a dedicated storage lot available for work vehicles, trailers, and RVs, offering added convenience rarely found in villa communities. Location is everything, and this home delivers! Conveniently located near major highways for easy commuting, and just minutes from premier shopping, dining, and entertainment at Tampa Premium Outlets and The Shops at Wiregrass. Grocery stores, retail shops, and everyday conveniences are all nearby. This charming villa is priced to sell and offers low-maintenance living in a highly desirable area—don’t miss your opportunity!
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,288
Sqft
0.07 ac
Lot size
1
Garage
1997
Year built
One
Levels
$221
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.
$2,562 /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
$2,562/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.
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.
vs edgeAI estimate
+29.1%
$/sqft vs Lutz actives
$221 vs $244
Days on market
101 vs 46 typical
Where $221/sqft sits among the 267 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 33549 — neighborhood snapshot
Population
18,816
Median age
44.1
Median income
$85,066
Median home value
$339,400
Avg household
2.58
Households w/ children
2,040
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lutz market
$541K → $600K
Lutz median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
153 of 267
Lutz actives have cut their price
Median sold price, Lutz, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 40% below the LUTZ 33549 median. See the full Lutz market guide →
Paper trail
This home's history
Reality check
What actually sold near 21506 GRAY TERN COURT
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$280,000
21508 WOODSTORK LANE · same community
3 bd · 2 ba · 1,288 sqft · $217/sqft · 170 DOM
Sold · Jul ’26$310,000
21502 WOODSTORK LANE · same community
3 bd · 2 ba · 1,379 sqft · $225/sqft · 114 DOM
Sold · Aug ’25$275,000
21550 CLUBSIDE LOOP
3 bd · 2 ba · 1,288 sqft · $214/sqft · 162 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 21506 GRAY TERN COURT — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 21506 GRAY TERN COURT — 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
21506 GRAY TERN COURT FAQs
What would the monthly payment be for 21506 GRAY TERN COURT?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,562/mo — principal and interest, the actual property-tax bill, the $259/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 21506 GRAY TERN COURT?+
The association fee works out to $259 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 21506 GRAY TERN COURT?+
The most recent tax bill on record (2025) was $4,083. 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 21506 GRAY TERN COURT?+
The listing reports pets: Cats OK, Dogs OK. 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 $284,900, this home is listed about 42% below the Lutz median of $490,500. The market section on this page shows how the area is trending.
Which schools are assigned to 21506 GRAY TERN COURT?+
Oakstead Elementary School (elementary), Sunlake High School (high), Charles S. Rushe Middle School (middle) — Pasco County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the LUTZ 33549 market on paper
$284,900 is 40% below the LUTZ 33549 median of $478,800, and at $221/sqft it sits under the Lutz average of $264.
02Time on market is leverage
101 days on market against a Lutz median of 46 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Oakstead Elementary School, Sunlake High School, Charles S. Rushe Middle School — Oakstead Elementary School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $289,900, now $284,900 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of 1% LISTS CENTRAL FLORIDA · Mike DelGrande. MLS #W7885096.
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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