Lake Magdalene › Floral Gardens

707 Lakewood Ave

Tampa, FL 33613
$315,000
3 bed1 bath1,064 sqftSingle-family home · built 1966

Listed at $310 per sq ft. Median for single-family homes with 3 bedrooms in Lake Magdalene sold in the last 12 months: $273 per sq ft.

118 sales · Stellar MLS, credited below

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 3% of single-family homes sold in Lake Magdalene
806 single-family home sales · Jan 2024 - Oct 2026
Price
Listed 15% above the typical price for a single-family home its size in Lake Magdalene
806 single-family home sales · Jan 2024 - Oct 2026
Standout feature
No standout feature to report
Age
Newer than 22% of single-family homes in Lake Magdalene
1,163 homes · Mar 2004 - Oct 2026
Compared against 40 similar homes sold within 1.91 mi.

About this property

Virtually Staged. Completely Renovated & Move-In Ready! Welcome to this beautifully updated 3-bedroom, 1-bath home offering fresh finishes and thoughtful improvements throughout.
Step inside this home featuring new luxury vinyl plank flooring and a fully renovated kitchen with new all-wood cabinetry, quartz countertops, and updated finishes. The bathroom has been completely remodeled with a clean, modern look.
Major improvements include updated plumbing and electrical systems, along with a new modified roof, providing added peace of mind for the next owner.
With its stylish renovation, functional floor plan, and great Tampa location, this home is an excellent opportunity for a first-time buyer, downsizer, or investor. Everything has been done—just move in and enjoy!
Conveniently located near the University of South Florida, USF Health, Busch Gardens, Adventure Island, shopping, dining, parks and major Tampa roadways, this home offers easy access to many of North Tampa's most popular employment, educational and recreational destinations.
Updated electrical, new roof, paint, plumbing and sewer lines along with a portion of the windows around 2022.
Please call listing agent for showings.

Property details

Year built1966
Lot size0.16 ac
HOANot stated
Days on market51
MLS#A4703678
Fire pitCeiling fansSolid wood cabinetsStone countersThermostatCooktop
All features →
  • Fire pit
  • Ceiling fans
  • Solid wood cabinets
  • Stone counters
  • Thermostat
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Tile flooring
  • Central air conditioning
  • Central heating
  • Block foundation
  • Block construction
  • Brick construction
  • Single story
  • Laundry room
  • Electricity connected
  • Water connected
  • Quartz countertops

The market for homes like this

Single-family homes with 3 bedrooms in Lake Magdalene
i
Median sold price$418,750118 sales · last 12 months
Median price per sq ft$273118 sales · last 12 months
Median rent$2,500/mo43 leases · last 12 months
Median days to lease2743 leases · last 12 months

Lake Magdalene, as its listings describe it

What agents stated on listings, 2004 – 2026i
Community pool58%of 240 listings
HOA fee, median$375/moof 166 listings
Has an association51%of 459 listings
Pets allowed83%of 522 listings
Minimum lease, most commonNo Minimum55% of 354 listings · next: 1–2 Years
Lease restrictions36%of 358 listings
Association approval required37%of 247 listings
Private pool26%of 636 listings
Gated37%of 240 listings
Public water · sewer92% · 85%of 390 · 408 listings
Flood zone (A or V)12%of 417 listings
55+ communityNo99% of 459 listings · next: Yes
Homestead share Floral Gardens75%of 169 homes · county tax roll
Also stated: waterfront 17% of 461 listings; CDD 1% of 377.

Price and time on market

This listing against homes like iti
Price per sq ft
Listed at $310 per sq ft, 13% above the $273 median for 3-bedroom single-family homes in Lake Magdalene sold in the last 12 months
118 sales · last 12 months
Time on market
On the market 20 days; 3-bedroom single-family homes in Lake Magdalene took a median of 22 days to sell in the last 12 months
118 sales · last 12 months
Price history
Listed at $339,900 originally; now $329,900, 2.9% lower after at least one price reduction. The most recent: down $10,000 on Sept. 15, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$1,105 for 2025 on the listing; about $517 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $3,900/yr homesteaded, $4,700/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
$166/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$98/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 Lake Magdalene

unincorporated Hillsborough County · Hillsborough County · ZIP 33613 · Lake Magdalene (census-designated place) · Flood zone X
Explore Lake Magdalene →
Homes10,159residential parcels
Median sold price$439,900342 sales · last 12 months
Vs. the prior year+1.1%342 sales this year · 375 sales the prior year
Median rent$1,995/mo101 leases · last 12 months
Homes that changed hands3%342 sales of 10,159 homes
Homestead share75%of 10,159 homes · county tax roll
Single-family homes in Lake Magdalene, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months271$490,000$2,500/mo43 leases
2 bed14Not enough sales yet to report on their own
3 bed · this home118$418,750—
4 bed102$583,000—
5+ bed37Not enough sales yet to report on their own
All single-family homes · 24 months565$488,000$2,537/mo92 leases
Median price

Lake Magdalene homes sold for a median of $439,900 in the 12 months to Oct. 11, 2026.

342 sales
Price trend

That's 1.1% above the median for the 12 months before, $435,000.

342 sales this year · 375 sales the prior year
What's selling

Single-family detached homes made up 271 of the 342 sales in the same 12 months, at a median of $490,000.

271 of 342 sales

Location

707 LAKEWOOD AVE, TAMPA, FL 33613

Nearby homes for sale in Tampa

Based on information from Stellar MLS® for the period March 8, 2004 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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