Wesley Chapel › Epperson Ranch South

31584 Colada Drift Way

Wesley Chapel, FL 33545
$650,000
5 bed3 bath3,292 sqftSingle-family home · built 2021

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 90% of single-family homes sold in Epperson Ranch South
101 single-family home sales · Jan 2024 - Oct 2026
Price
The seller has not permitted automated price comparisons
Standout feature
A garage for 3 or more cars: 24% of single-family homes listed in Epperson Ranch South have one
76 single-family home listings · Sep 2022 - Oct 2026
Age
Newer than 90% of single-family homes in Epperson Ranch South
184 homes · Sep 2022 - Oct 2026
Compared against 40 similar homes sold within 0.73 mi.

About this property

Welcome to 31584 Colada Drift Way, Wesley Chapel, FL 33545—a breathtaking, modern sanctuary that offers an unparalleled financial opportunity. Built in 2021, this stunning estate boasts 3,292 square feet of meticulously crafted living space featuring 5 large bedrooms, (1 bedroom on the first floor), 3 full bathrooms, sitting proudly on an expansive 0.21-acre lot, which provides an expansive backyard paradise with plenty of room to create your own outdoor oasis. What sets this property entirely apart is an incredible, rare incentive: a VA assumable loan at a locked interest rate of just 2.5% for qualified buyers, offering thousands of dollars in monthly savings compared to today's market rates!
Step inside to discover a bright, open-concept floor plan designed for contemporary living and effortless entertaining. Built to the highest modern standards, the home flows seamlessly from a spacious grand great room to a gourmet kitchen equipped with premium finishes and numerous design upgrades. With over 3,200 square feet of versatile space, there is room for everyone to live, work, and play in absolute comfort. Please see the extensive list of premium upgrades in the attachment.
Nestled in one of the most desirable pockets of Wesley Chapel, Florida, this home provides an elite suburban lifestyle with easy access to premier shopping, dining, and entertainment. Perfect for families, the property is zoned for highly rated local schools.
Live like you're on vacation every single day! Your quarterly HOA fees include high-speed Ultra-Fi internet and cable, giving you exclusive access to the world-famous Epperson Crystal Lagoon. Enjoy acres of crystal-clear blue waters, sandy beaches, swim-up bars, paddleboarding, kayaking, a dog park, and year-round community events! This golf-cart-friendly paradise is located just minutes from a brand-new Publix plaza, shopping, dining, and so much more!
Don’t miss this turn-key dream home paired with a desireable 2.5% financing vehicle. (Note: The assumable loan is open to both veteran and qualified non-veteran buyers who meet VA credit/income requirements; buyer must cover the equity gap). Schedule your private showing today and prepare to fall in love with this beautiful home!

Property details

Year built2021
Lot size0.21 ac
HOA fee$256.95/qtr
Parking3-car
Days on market15
MLS#TB8549697
Hurricane shuttersCathedral ceilingsCeiling fansCrown moldingEat-in kitchenHigh ceilings
All features →
  • Hurricane shutters
  • Cathedral ceilings
  • Ceiling fans
  • Crown molding
  • Eat-in kitchen
  • High ceilings
  • Open floorplan
  • Primary bedroom upstairs
  • Stone counters
  • Tray ceilings
  • Vaulted ceilings
  • Walk-in closets
  • Window treatments
  • Built-in oven
  • Cooktop
  • Dishwasher
  • Dryer
  • Refrigerator
  • Washer
  • Carpet flooring
  • Ceramic tile flooring
  • Laminate flooring
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Block construction
  • Stucco construction
  • Frame construction
  • Two stories
  • Inside laundry
  • Laundry room
  • Electricity connected
  • Sewer connected
  • Water connected
  • Garage

The market for homes like this

Single-family homes in Epperson Ranch South · all sizes
Too few 5+-bedroom single-family home sales here to report on their own, so these cover every single-family home in Wesley Chapel.i
Median sold price$465,00041 sales · last 12 months
Median price per sq ft$20441 sales · last 12 months
Median rent$2,800/mo57 leases · last 24 months
Median days to lease3457 leases · last 24 months

Wesley Chapel, as its listings describe it

What agents stated on listings, 2022 – 2026i
Community pool Epperson Ranch South79%of 57 listings
HOA fee, median Epperson Ranch South$125/moof 53 listings
Has an association Epperson Ranch South100%of 76 listings
Pets allowed Epperson Ranch South89%of 119 listings
Minimum lease, most common Epperson Ranch South6 Months42% of 52 listings · next: 8–12 Months
Lease restrictions Epperson Ranch South85%of 52 listings
Association approval required Epperson Ranch South31%of 52 listings
Private pool Epperson Ranch South8%of 119 listings
Gated Epperson Ranch South75%of 57 listings
Public water · sewer98% · 100%of 62 · 64 listings
Flood zone (A or V) Epperson Ranch South2%of 62 listings
55+ community Epperson Ranch SouthNo100% of 76 listings
Homestead share Epperson Ranch South74%of 929 homes · county tax roll
Also stated: waterfront 9% of 76 listings in Epperson Ranch South; CDD 100% of 53 in Epperson Ranch South.

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 $650,000 since Sept. 17, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$3,792 for 2025 on the listing; about $0 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $8,400/yr homesteaded, $9,100/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
$151/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 Wesley Chapel

unincorporated Pasco County · Pasco County · ZIP 33545 · Wesley Chapel (census-designated place) · Flood zone X
Explore Wesley Chapel →
HomesNot yet available
Median sold price$410,1991,306 sales · last 12 months
Vs. the prior year-5.7%1,306 sales this year · 1,328 sales the prior year
Median rent$2,300/mo700 leases · last 12 months
Homes that changed handsNot yet available
Homestead shareNot yet available
Single-family homes in Wesley Chapel, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months933$475,000$2,650/mo391 leases
2 bed38Not enough sales yet to report on their own
3 bed327$412,000$2,250/mo124 leases
4 bed421$489,990$2,700/mo197 leases
5+ bed · this home147$635,000$3,150/mo62 leases
All single-family homes · 24 months1,874$490,000$2,695/mo778 leases
Median price

Wesley Chapel homes sold for a median of $410,199 in the 12 months to Oct. 11, 2026.

1,306 sales
Price trend

That's 5.7% below the median for the 12 months before, $435,000.

1,306 sales this year · 1,328 sales the prior year
What's selling

Single-family detached homes made up 933 of the 1,306 sales in the same 12 months, at a median of $475,000.

933 of 1,306 sales
Not yet available here: owner-occupancy, and rent and time-to-lease for manufactured mobile and villas.The Wesley Chapel record: homes, prices, rents, communities and listings →

Location

31584 COLADA DRIFT WAY, WESLEY CHAPEL, FL 33545

Nearby homes for sale in Wesley Chapel

Based on information from Stellar MLS® for the period September 23, 2022 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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