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Overview

2 bd2 ba1,288 sqft1 car garageTownhouse
TypeTownhouse
HOA$259/mo
Built1997
Lot2,894 sqft
Living area1,288 sqft
Price / sqft$217
Garage1 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Rain GuttersAssociation Recreation - OwnedClubhouseDeed RestrictionsPoolSidewalksTennis Court(s)

21506 Gray Tern CT is a 1997-built home in Lake Heron Ph 03b 04b 05b, Lutz. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,288 square feet of living space. Listed at $279,900 (about $217/sqft), 176 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $259 monthly.

From the listing

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!

The essentials

Built
1997
Price / sqft
$217
On market
176 days
Annual tax
$4,083
HOA
$259/mo
Flood zone
X · Low risk
Lot
2,894 sqft
Type
Townhouse

At a glance

Townhouse
Built 1997
Community pool
Shared amenity
1 car garage
2,894 sqft lot
Lot size
1,288 sqft
Living area

Payment

Est. monthly payment
$2,199/mo
Down payment (20%)
$55,980
Property taxes
$340/mo
HOA
$259/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Townhouse
Year Built
1997
Lot
2,894 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
-
Days on Market
176
Ceiling Fans(s)
Rain Gutters
Association Recreation - Owned
Clubhouse
Deed Restrictions
Pool
Sidewalks
Tennis Court(s)
Dishwasher
Disposal
Microwave
Range
Refrigerator
Flood Zone X
Annual Tax (2025)
$4,083
Parcel #
18-26-36-0160-00300-0250

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Lake Heron Ph 03b 04b 05b
County
Pasco
MLS Area
33549 - Lutz
Lot Size
2,894 sqft
HOA
$259/mo
Angela Hester / University Properties Inc

Price history

Date
Event
Price
9/29/2026
Price change
Source: Stellar MLS #W7885096
$279,900-1.8%
$217/sqft
-
Price change
Source: Stellar MLS #W7885096
$284,900-1.7%
$221/sqft
4/21/2026
Listed for sale
Source: Stellar MLS #W7885096
$289,900+3.6%
$225/sqft
8/18/2022
Sold
Source: Pasco County Public Record
$279,900
$217/sqft

Neighborhood

21506 Gray Tern CT
Lutz, FL, 33549 · 33549 - Lutz

Market insights

Offer Insights

Choose an offer strength

List price: $279,900
$277,500 – $279,900
99.5% – 100% of listTops out right at the list price
80% of listList price
42 of the last 71 townhouse or villa closings in Lutz landed at this number or higher (59%). The median one sat 33 days before it went under contract, and this one is on day 176 after a $10,000 cut.

Sample: 71 closed townhouse or villa sales in Lutz over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$2,199/mo
Principal & interest$1,460
Property taxes$340
Insurance$140
HOA$259
Down payment20% · $55,980
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$279,900

$217 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,288 sq ft

Time on market

176 days

Year built

1997

Monthly payment

About $2,199/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,083 annual tax bill, insurance, and the $259/mo HOA fee.

HOA fee

$259/mo

Managed by Angela Hester / University Properties Inc.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered by1% LISTS CENTRAL FLORIDAListing agent: Mike DelGrandeListing data from Stellar MLS, MLS# W7885096.

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