Land O' Lakes › Unincorporated

5151 Drexel Rd

Land O Lakes, FL 34638
$349,000
3 bed1 bath1,304 sqftSingle-family home · built 1958

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 6% of single-family homes sold in Land O' Lakes
1,228 single-family home sales · Jan 2024 - Oct 2026
Price
The seller has not permitted automated price comparisons
Standout feature
No standout feature to report
Age
Newer than 1% of single-family homes in Land O' Lakes
1,834 homes · Apr 2006 - Oct 2026
Compared against 40 similar homes sold within 6.26 mi.

About this property

Bring your vision to 5151 Drexel Road! Situated on approximately 1.06 acres in Land O’ Lakes, this original 1958 Florida Cracker-style home offers a unique opportunity to create something truly your own. The property already has a home in place with electricity and water infrastructure established—giving you a valuable starting point for your plans. Restore the home’s original charm, renovate and expand the existing structure, or explore the possibilities the spacious homesite may hold. Inside, you’ll find original wood flooring and a layout ready to be refreshed and reimagined. With plenty of room to create outdoor living spaces, gardens, a workshop, or simply enjoy a little extra breathing room, this property is full of potential. The bones are here. The land is here. Now it’s ready for someone with a little imagination to write its next chapter!

Property details

Year built1958
Lot size1.06 ac
HOANot stated
ParkingCarport
Days on market1
MLS#TB8541057
GardenThermostatDryerRangeWasherCarpet flooring
All features →
  • Garden
  • Thermostat
  • Dryer
  • Range
  • Washer
  • Carpet flooring
  • Linoleum flooring
  • Wood flooring
  • Central air conditioning
  • Electric heating
  • Shingle roof
  • Crawlspace foundation
  • Frame construction
  • Wood siding construction
  • Single story
  • Laundry room
  • Broadband internet available
  • Electricity connected
  • Sewer connected
  • Water connected
  • Carport

The market for homes like this

Single-family homes with 3 bedrooms in Land O' Lakes
i
Median sold price$362,000183 sales · last 12 months
Median price per sq ft$233183 sales · last 12 months
Median rent$2,200/mo46 leases · last 12 months
Median days to lease3546 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 UnincorporatedNot enough sales yet to report on their own
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
The seller has not permitted automated price comparisons
Time on market
The seller has not permitted automated comparisons
Price history
Listed at $349,000 since Aug. 20, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$796 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $4,200/yr homesteaded, $4,900/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 X
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 bed · this home183$362,000$2,200/mo46 leases
4 bed158$492,500—
5+ bed49$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

5151 DREXEL RD, 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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