Wesley Chapel › Epperson Ranch South

31512 Colada Drift Way

Wesley Chapel, FL 33545
$1,150,000
5 bed4 bath3,531 sqftSingle-family home · built 2021

Listed at $326 per sq ft. Median for single-family homes in Epperson Ranch South sold in the last 12 months: $204 per sq ft.

41 sales · Stellar MLS, credited below

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 95% of single-family homes sold in Epperson Ranch South
101 single-family home sales · Jan 2024 - Oct 2026
Price
Listed 53% above the typical price for a single-family home its size in Epperson Ranch South
101 single-family home sales · Jan 2024 - Oct 2026
Standout feature
A private pool: 13% 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

Every design choice in this Exceptional Epperson home feels intentional, from the dramatic black foyer and porcelain tile floors to the Kimberly Elizabeth Interiors kitchen at the center of it all. Built in 2021 by MI Homes, this Mira Lago floor plan offers 5 bedrooms, a dedicated flex room, 4 full baths, a 4 car garage, more than 3,500 sq ft, no rear neighbors, and over $200,000 in post-purchase upgrades. From the sidewalk-lined cul-de-sac, a paver drive and walkway lead to the two-story stone-accented exterior, covered front porch, and 8' glass front door. Inside, custom paint, a contemporary LED chandelier, 8' interior doors, and large-format porcelain tile create a striking first impression. The front flex room, finished with a smoked glass chandelier, works beautifully as an office, sitting room, or formal dining space. The kitchen is an elegant showpiece you never would expect. More than $150,000 was invested into this modern contemporary design with two-tone solid wood Bellmont frameless cabinetry, smoked glass flip-up uppers, oversized soft-close pull-out drawers, Calacatta Miraggio quartz, a waterfall island, and a matching full-height backsplash. Built-in Monogram appliances, a panel-ready Sub-Zero refrigerator/freezer, induction cooktop, oven, convection microwave, wine fridge, Ruvati chef sink, walk-in pantry, butler’s nook, diamond pendants, and cafe globe lighting give the space a refined designer finish. The living room opens from the kitchen with a clean, elegant flow toward the triple sliders, oversized lanai, pool, and double pond view beyond. A first-floor bedroom and full pool bath add privacy for guests or multigenerational needs without sending anyone upstairs!A wrought-iron staircase leads to the 19x24 loft, pre-plumbed for a wet bar and wired for future surround sound. The primary suite feels polished and private with LVP flooring, a tray ceiling, a balcony overlooking the pond, a large walk-in closet, and an ensuite bathroom with quartz counters, dual sinks, a water closet, and a walk-in shower with dual shower heads, including rainfall. Bedroom 3 has its own ensuite bathroom, while bedrooms 4 and 5 offer generous walk-in closets and share the fourth full bath with dual sinks. Custom lighting, custom paint, Deer Valley smart toilets, an extended laundry room with a storage nook, CAT6 wiring in every room, and smart-home touches add function throughout. Outside, the oversized screened lanai feels made for evenings by the water. The heated saltwater pool and infinity spa include glass tile, a PebbleTec finish, smartphone controls, and paver decking, with surround sound, a projector screen, and fire pit seating ready for movie nights, game days, and late-night conversations. Generator, golf cart, and EV charging plugs add even more convenience and value. Epperson South is a gated section of the Epperson Lagoon community, where residents can enjoy the 7-acre Crystal Lagoon, swim-up bar, paddleboarding, kayaking, cabanas, AquaBanas, live music, resident events, parks, dog park, golf cart paths, cable, and UltraFi high-speed internet. Call today to schedule your private showing of this one-of-a-kind Epperson Lagoon home!

Property details

Year built2021
Lot size0.18 ac
HOA fee$261/qtr
Parking4-car
Days on market14
MLS#TB8553748
BalconyLightingRain guttersSidewalkStorageCeiling fans
All features →
  • Balcony
  • Lighting
  • Rain gutters
  • Sidewalk
  • Storage
  • Ceiling fans
  • Eat-in kitchen
  • High ceilings
  • Open floorplan
  • Primary bedroom upstairs
  • Solid wood cabinets
  • Split bedroom
  • Stone counters
  • Tray ceilings
  • Walk-in closets
  • Built-in oven
  • Cooktop
  • Dishwasher
  • Microwave
  • Range hood
  • Refrigerator
  • Wine refrigerator
  • Tile flooring
  • Pool view
  • Water view
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Stucco construction
  • Two stories
  • Inside laundry
  • Laundry room
  • Broadband internet available
  • Cable connected
  • Electricity connected
  • Public utilities
  • Sewer connected
  • Water connected
  • Private pool
  • Garage
  • Quartz countertops

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
Listed at $326 per sq ft, 60% above the $204 median for single-family homes in Epperson Ranch South sold in the last 12 months
41 sales · last 12 months
Time on market
On the market 1 days; single-family homes in Epperson Ranch South took a median of 36 days to sell in the last 12 months
41 sales · last 12 months
Price history
Listed at $1,150,000 since Oct. 2, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$12,546 for 2025 on the listing; about $9,002 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $15,400/yr homesteaded, $16,100/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

31512 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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