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Pasco house prices soared in November with priciest sale in three years

A Land O’ Lakes home was one of Pasco’s priciest sales ever.
This home in Land O' Lakes sold for $1.9 million in November. [Vikki Wall]
This home in Land O' Lakes sold for $1.9 million in November. [Vikki Wall]
Published Dec. 19, 2019
Updated Dec. 19, 2019

Pasco County house prices shot up in November as more and more buyers flocked to the booming south county area with its growing range of amenities and relative proximity to Tampa.

Pasco had its priciest sale in three years — $1.9 million for a lakefront estate on five acres in Land O’Lakes.

Hillsborough, Pinellas and Hernando showed price gains, too, although the Tampa Bay region remains Florida’s most affordable major metro area. "We continue to have great demand in our market,'' said Charles Richardson, regional senior regional vice president of Coldwell Banker Real Estate. "We’re not overpriced and there hasn’t been a lot of speculation with the crazy prices we’re seeing in other areas.''

Related: This St. Petersburg house was a flip. See what it looks like now

Pasco outpaced the other three counties in November with the median price of a single-family home soaring 10.5 percent to $243,000. The 13 percent spike in sales was also the highest in the bay area. The strong numbers are being driven in part by the higher price points in the many new-home communities along the State Road 54/56 corridor.

"It’s a growth market, and it’s going to be in the foreseeable future,'' Richardson said of Pasco. "I’m not surprised prices are escalating because the demand is high, the taxes are lower, you can get greater value than in Hillsborough or Pinellas.''

The bounty of shopping and entertainment options makes Pasco "a very attractive area,'' he added, "but because of the demand and density, it’s going to have some of the big-city issues of the rest of Tampa Bay.''

Here’s how single-family homes fared in other counties in November:

Pinellas — Prices up 4.9 percent to a median of $274,250; sales up 2.3 percent.

Hillsborough — Prices up 2.3 percent to a median of $253,783; sales up 5.6 percent.

Hernando — Prices up 6.1 percent to a median of $187,700; sales up 8.8 percent.

The top price paid in November for a bay area home was $4.5 million for a newly constructed house in Tampa’s Beach Park area. Built in the "Malibu Modern'' style, the house has six bedrooms, six bathrooms and a 200-plus bottle wine cellar.

In Pinellas, a penthouse in Sunset Pointe at Collany Key sold for $3.9 million, the most paid for a unit in that gated waterfront community on Tierra Verde. Formerly two separate units, the 5,743-square-foot penthouse has four bedrooms and four bathrooms.

A buyer paid $3.9 million in November for the penthouse in the building by the pool at Sunset Pointe at Collany Key. [Liz Heinkel]

Pasco’s top sale, $1.9 million for a nearly 7,000-square-foot house on a ski lake, was the highest since 2016 and the ninth-highest ever in the county, according to Multiple Listing Service records. In Hernando, a buyer paid $935,000 for an equestrian estate on 20-plus acres in Brooksville.

Statewide, prices of single-family homes rose 3.9 percent to a median of $265,000 as sales jumped 6.1 percent.

Nationally, sales of existing homes — condos and townhomes as well as houses — rose 2.7 percent compared to a year ago, while the median price climbed 5.4 percent to $271,300.


  1. Tampa Park Apartments is on property between downtown and Ybor City, at East Scott Street and Nuccio Parkway. [Times (2018)]
  2. The H. Lee Moffitt Cancer Center & Research Institute purchased 775 acres in central Pasco County for a planned expansion. TIMES [VYCELLIX, A SWEDISH CANCER THERAPY RESEARCH COMPANY, IS SETTING UP ITS U.S. HEADQUARTERS NEAR THE H. LEE MOFFITT CANCER CENTER & RESEARCH INSTITUTE IN TAMPA. (TIMES FILES]
  3. The empty property is home to cattle and egrets, but neighbors fear the new occupants — owners of 218 proposed town homes near Lake Thomas in Land O' Lakes. [C.T. BOWEN  |  Tampa Bay Times]
  4. A "for sale" sign beckons Friday along Sixth Avenue N in the Kenwood area of St. Petersburg. [CHRIS URSO  |  Times]
  5. The Oaks Estate, a mansion owned by Lazydays RV co-founder Donald Wallace and his wife Erika. The property is a French-Normandy country-style gated manor build on Lake Thonotosassa listed on the market with an asking price of $17.5 million. It includes a main house, 2-story guest house, garage for up to 20 cars, workshop, pool house, gatehouse, horse barn with grazing pasture, indoor and outdoor pools, 2-story boat house, go-cart track, bowling alley and jogging trail pictured on Wednesday, Feb. 19, 2020 in Thonotosassa.  [LUIS SANTANA  |  Times]
  6. Brian Davison is chief executive officer of Equialt, which bought this Safety Harbor home in a tax deed sale. The U.S. Securities and Exchange Commission contends in a new lawsuit that EquiAlt is a Ponzi scheme, and Davison has diverted investor funds for his own lavish personal spending. Times (2015)
  7. The developers of Avalon Park West in Wesley Chapel are planning a $736 million downtown core to accompany nearly 2,700 residences and 355,000 square feet of commercial and office space in a walkable neighborhood. . As part of the deal, Pasco County will consider kicking  in a $33 million 30-year incentive, mostly a tax rebate to help with infrastructure costs. [Pasco County]
  8. Pasco County commissioners introduced an ordinance Tuesday governing upkeep of empty property after residents complained about the condition of the Links Golf Club in Hudson, which closed in June 2019. [MICHELE MILLER  |  Times]
  9. Police say Terrence Hoover, right, broke into a $4 million Vinoy Place condo on Jan. 17. The penthouse is owned by Scott Swift, left, the father of supererstar Taylor Swift. [CHRIS URSO   |  [CHRIS URSO | Times and Pinellas County Sheriff's Office]]
  10. The Related Group proposes to build two condominium towers, represented by the two buildings in the middle of this rendering, with 168 luxury condos on Bayshore Boulevard south of W Bay-to-Bay Boulevard in Tampa. In this rendering, the see-through figures represent the planned Aquatica condo project to the north and the existing Stovall on Bayshore condo tower to the south. (Rendering courtesy of the Related Group) [The Related Group]
  11. A partnership between Third Lake Partners and Echelon proposes to pay the city of St. Petersburg $12.25 million for the Municipal Services Center on Central Avenue at Fourth Street N. It proposes to redevelop the old Municipal Services Center initially to add retail. Eventually it could be demolished to make way for new development coordinated with a project on what is now a parking lot next to the 28-story 200 Central tower. (Third Lake Partners/Echelon) [Third Lake Partners/Echelon]
  12. The Hayman-Fuentes Farm Land Trust is seeking to rezone its ranch on State Road 54, Lutz, into an employment center. [Tampa Bay Times]