Land O' Lakes › Preserve at Lake Thomas

21111 Preservation Dr

Land O Lakes, FL 34638
$584,900
5 bed3 bath2,840 sqftSingle-family home · built 2004

Listed at $208 per sq ft. Median for single-family homes with 5 or more bedrooms in Land O' Lakes sold in the last 12 months: $186 per sq ft.

49 sales · Stellar MLS, credited below

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 82% of single-family homes sold in Land O' Lakes
1,228 single-family home sales · Jan 2024 - Oct 2026
Price
Listed 9% below the typical price for a single-family home its size in Land O' Lakes
1,228 single-family home sales · Jan 2024 - Oct 2026
Standout feature
No standout feature to report
Age
Newer than 66% of single-family homes in Land O' Lakes
1,834 homes · Apr 2006 - Oct 2026
Compared against 40 similar homes sold within 1.06 mi.

About this property

Welcome to The Preserve at Lake Thomas, where privacy, space, and waterfront living come together on an exceptionally oversized lot of more than half an acre. Set behind the private gates of this desirable community, this impressive five-bedroom, three-bath home offers nearly 3,000 square feet of living space, a new roof, new A/C, a three-car garage, and an unbelievable amount of parking—ideal for hosting family, friends, and large gatherings. Inside, soaring ceilings, vinyl flooring, and a beautiful spindle staircase create an inviting first impression. The main level features a formal dining room, dedicated office, and spacious family room overlooking the backyard and water. The kitchen is designed for everyday living and entertaining, with granite countertops, stainless-steel appliances, abundant cabinetry with pull-out shelving, breakfast-bar seating, and a casual dining area. An adjoining laundry room provides additional cabinetry, storage, and a utility sink. The first-floor primary suite offers water views, a tray ceiling, a walk-in closet, and a spacious en-suite bath with dual vanities, a makeup counter, garden tub, and separate shower. A second bedroom and full guest bath are also conveniently located on the main level. Upstairs, you’ll find three additional bedrooms, another full bath, and a generous loft ideal for a media room, playroom, home gym, or additional living space. Outside, the expansive, fully fenced backyard provides plenty of room for family and pets to play. A large, newly custom-tiled patio, gazebo, and custom firepit create an exceptional setting for outdoor dining, entertaining, and relaxing by the water, with potential space to add a large pool. Enjoy peaceful waterfront views and fishing from the shoreline in your own backyard. The community also features a private nature park, walking trail, and boardwalk along Lake Thomas. Located in Flood Zone X, outside the designated high-risk flood zone, with convenient access to major roadways, shopping, dining, hospitals, and nearby elementary, middle, and high schools. Back on the market due to previous buyer's financing falling through. Appraisal value was above current list price!

Property details

Year built2004
Lot size0.54 ac
HOA fee$125/mo
Parking2-car
Days on market17
MLS#W7888771
Fire pitPrivate yardStorageCathedral ceilingsCeiling fansHigh ceilings
All features →
  • Fire pit
  • Private yard
  • Storage
  • Cathedral ceilings
  • Ceiling fans
  • High ceilings
  • Open floorplan
  • Solid wood cabinets
  • Stone counters
  • Range
  • Range hood
  • Refrigerator
  • Carpet flooring
  • Ceramic tile flooring
  • Water view
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Block foundation
  • Block construction
  • Two stories
  • Laundry room
  • Cable available
  • Cable connected
  • Electricity available
  • Electricity connected
  • Water available
  • Water connected
  • Garage
  • Granite countertops
  • Stainless steel appliances

The market for homes like this

Single-family homes with 5 or more bedrooms in Land O' Lakes
i
Median sold price$593,00049 sales · last 12 months
Median price per sq ft$18649 sales · last 12 months
Median rent$2,380/mo82 leases · last 12 months
Median days to lease3482 leases · last 12 months

Land O' Lakes, as its listings describe it

What agents stated on listings, 2006 – 2026i
Community pool46%of 491 listings
HOA fee, median$83/moof 475 listings
Has an association83%of 725 listings
Pets allowed90%of 878 listings
Minimum lease, most commonNo Minimum45% of 564 listings · next: 1–2 Years
Lease restrictions49%of 567 listings
Association approval required30%of 510 listings
Private pool23%of 936 listings
Gated44%of 491 listings
Public water · sewer87% · 86%of 623 · 648 listings
Flood zone (A or V)6%of 663 listings
55+ communityNo100% of 727 listings · next: Yes
Homestead share Preserve at Lake Thomas92%of 118 homes · county tax roll
Also stated: waterfront 17% of 728 listings; CDD 9% of 594.

Price and time on market

This listing against homes like iti
Price per sq ft
Listed at $208 per sq ft, 11% above the $186 median for 5+ bedroom single-family homes in Land O' Lakes sold in the last 12 months
49 sales · last 12 months
Time on market
On the market 11 days; 5+ bedroom single-family homes in Land O' Lakes took a median of 62 days to sell in the last 12 months
49 sales · last 12 months
Price history
Listed at $609,000 originally; now $589,900, 3.1% lower after at least two price reductions. The most recent: down $5,000 on Oct. 9, 2026
at least two price reductions visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$7,756 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $7,600/yr homesteaded, $8,300/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$170/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$85/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in Land O' Lakes

unincorporated Pasco County · Pasco County · ZIP 34638 · Land O' Lakes (census-designated place) · Flood zone X500*
Explore Land O' Lakes →
HomesNot yet available
Median sold price$395,000496 sales · last 12 months
Vs. the prior year-1.7%496 sales this year · 565 sales the prior year
Median rent$2,200/mo121 leases · last 12 months
Homes that changed handsNot yet available
Homestead shareNot yet available
Single-family homes in Land O' Lakes, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months404$425,000$2,380/mo82 leases
2 bed14Not enough sales yet to report on their own
3 bed183$362,000$2,200/mo46 leases
4 bed158$492,500—
5+ bed · this home49$593,000—
All single-family homes · 24 months842$435,500$2,400/mo183 leases
Median price

Land O' Lakes homes sold for a median of $395,000 in the 12 months to Oct. 11, 2026.

496 sales
Price trend

That's 1.7% below the median for the 12 months before, $402,000.

496 sales this year · 565 sales the prior year
What's selling

Single-family detached homes made up 404 of the 496 sales in the same 12 months, at a median of $425,000.

404 of 496 sales
Not yet available here: owner-occupancy, and rent and time-to-lease for townhomes.

Location

21111 PRESERVATION DR, LAND O LAKES, FL 34638

Nearby homes for sale in Land O Lakes

Based on information from Stellar MLS® for the period April 7, 2006 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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