

Overview
Ask anything about this home
Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.
About this home
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.
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!
Request documents
Free. Tap one and our team sends it over.
The essentials
At a glance
Payment
Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
Market insights
Offer Insights
Choose an offer strength
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.
Talk through an offer with our teamCalculator
Not sure what you can afford?
Put in your household income and we will tell you where this payment sits.
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
What should I offer?
Have another question?
Keep exploring Florida
Pick up where you left off, or see what else is out there.







