Description

Under contract-accepting backup offers. Located in Odessa's highly sought-after Lake Keystone area, 18709 Wayne Rd offers a rare opportunity to secure a valuable lakefront homesite surrounded by some of Northwest Hillsborough County's most impressive custom estates and multi-million-dollar waterfront residences. This coveted stretch of Odessa has become known for its expansive lakefront properties where luxury homes valued well into the seven-figure range line the shoreline, creating a setting that reflects both prestige and long-term value. The true value here lies in the land and the exceptional setting-an increasingly rare chance to own a sizeable lakefront parcel in one of the Tampa Bay area's most desirable waterfront communities. The property spans approximately 1 to 1.5 acres (with a portion extending into the lake), offering ample space to design and build a custom lakefront residence that takes full advantage of the water views and natural surroundings. Mature trees, wide open lake vistas, and the generous lot create the kind of setting discerning buyers seek when building a luxury estate. The Lake Keystone area is widely recognized for its large homesites, private waterfront estates, and a collection of striking custom homes that contribute to the area's reputation as one of Odessa's premier lakefront enclaves. Many neighboring properties showcase significant architectural investment and high-end design, reinforcing the strong desirability and enduring value of the community. The property currently includes an existing residence along with a true Cold War-era conversation piece-an above-ground mid-century bomb shelter. With a little imagination, this unique structure could be repurposed as a workshop, studio, secure storage space, wine cellar, hobby room, or simply remain a one-of-a-kind feature that sparks conversation with guests. Despite its tranquil, estate-like setting, the property is conveniently located just minutes from the Veterans Expressway, providing easy access to Tampa International Airport, downtown Tampa, shopping, dining, and the greater Tampa Bay area. Opportunities to acquire lakefront land of this size in the Lake Keystone area-especially among surrounding luxury estates-are increasingly rare. Whether renovating the existing home or creating a new custom residence, this property presents the chance to establish a signature lakefront estate in one of Odessa's most iconic waterfront communities. DO NOT STEP ON THE REAR DECKS - THEY ARE UNSTABLE AND UNSAFE.