Under contract-accepting backup offers. *WATERFRONT* *BELOW APPRAISED VALUE*. Welcome to a rare opportunity in the highly desirable area of Lutz, located in the peaceful Crystal Lakes View community. Waterfront Access! This spacious 5-bedroom, 2-bath home sits on 1.38 Acres and offers water views and lake access, creating a unique combination of space, privacy, and potential that is increasingly difficult to find in this area. Set on a large lot with peaceful surroundings, the property features an in-ground pool, perfect for enjoying Florida living, along with a newly built porch and new fencing that enhance the outdoor space and provide added privacy. With nearly two acres of land, there is ample room for outdoor entertaining, expansion, or creating your own private retreat. Several major improvements have already been completed, including a new roof, new hot water heater, and A/C replaced in 2020, helping reduce some of the big-ticket expenses for the next owner. The home has also passed a 4-point inspection, wind mitigation inspection, and WDO inspection, giving buyers additional confidence when it comes to financing and insurance. Inside, the large 5-bedroom layout provides flexibility for families, multi-generational living, or anyone needing extra space. While the home could benefit from some updates, with a little TLC this property has the potential to become an absolute gem. Opportunities like this—a large home on nearly two acres with water access in Lutz—are becoming increasingly rare. Even better, the property is listed below appraised value, making it an outstanding opportunity for both homeowners and investors looking to add value. Enjoy the best of both worlds: peaceful, spacious living with water nearby while still being conveniently close to shopping, dining, and major commuter routes in the greater Tampa area. Large lot. Water views and access. Major upgrades already completed. Priced below appraisal. With some vision and light renovation, this property could truly become something special.