tomo logo

$1,250,000

Beds
3
Baths
4.0
sq ft
3,668

34201 Kentucky Derby Pl, Dade City, FL 33525

34201 Kentucky Derby Pl

DADE CITY, FL 33525

  • 7 days on market
A masterpiece of elegance and design, this 3,668 sq ft, 3 bedroom + office, 4 bath, 3 car garage estate is set within the prestigious gated community of Farmington Hills. It is nestled among tree-lined streets, offering an unparalleled lifestyle less than 5 minutes from Academy at the Farm- a highly regarded K-8 charter school soon expanding to include a high school. A paver driveway, 2022 exterior paint, and lush, manicured landscaping create a grand first impression, leading to a side-facing garage and a covered entryway. Through custom double doors, a breathtaking interior unfolds, revealing an open-concept design with soaring tray ceilings, refined architectural details, and seamless indoor-outdoor living. The formal living room captivates with a gas fireplace, exquisite molding, and triple sliding doors framing the resort-style pool. Combined with the formal dining room, it sets the stage for intimate gatherings. At the heart of the home, the chef’s kitchen is a triumph of style and function, beautifully appointed with granite countertops, a central island, breakfast bar and dinette seating, under-lit custom wood cabinetry, a wet bar, a walk-in pantry, and an overflow pantry. Delight in a culinary experience without compromise, as the list of top-notch amenities continues with a custom range hood, a pot filler, and high-end stainless steel appliances, including a double oven, a 6-burner gas range with a griddle, a wine refrigerator, a dishwasher, and a refrigerator. It flows seamlessly into the family room, designed for effortless entertaining, with 2 sets of triple sliding doors opening to the pool and outdoor kitchen. Set near a full guest bathroom, a convertible den awaits, ideal for guest comfort and privacy; it features a striking built-in wood entertainment center, bay windows with a bench overlooking the yard, and direct pool access. Each of the 3 bedroom suites is privately positioned, offering luxurious ensuite bathrooms, walk-in closets with custom organizers, ceiling fans, and rich wood flooring. The primary suite is a sanctuary of relaxation, introduced by an elegant foyer with intricate tile inlay. The spa-like ensuite bathroom features a jetted soaking tub, a walk-in shower with 2 showerheads, a central island with storage, separate sinks with vanity seating, and a hidden TV in the mirror! Generous custom closets lead to the serene sleeping quarters, which open directly to the poolside retreat. Designed for those who appreciate the finest details and added function, this home has exquisite crown molding, tray ceilings, decorative molding and pillar accents, a built-in desk near the 2nd bedroom, a thoughtfully designed laundry room, a 300- gallon propane tank, an integrated speaker system, and abundant storage throughout. Authentic Florida living awaits outdoors, where a heated saltwater pool and spa with updated equipment are set within a tropically landscaped paradise. A covered lanai with ceiling fans, a stone-faced gas fireplace, and an exquisite outdoor kitchen- complete with a grill, wet bar, 2 beverage refrigerators, and granite bar seating- create unmatched alfresco dining. Beyond, the expansive 1.17-acre lot offers endless possibilities for enjoying the Florida sunshine with an added open paver patio. Farmington Hills is a premier community in a prime location near Dade City, Zephyrhills, Wesley Chapel and the Lagoons. Call today for your exclusive viewing!

Details

Property type

Single Family Residence

Est. home value

$968,737

Lot size

1.17 acres

Price per sq ft

$341

Year built

2006

Annual property taxes

$8,007.7

Monthly HOA fee

$200

Price History

03/25/2025
StellarMLS

StellarMLS #TB8364044

Listed
$1,250,000
+93.8%
09/20/2019
StellarMLS

StellarMLS #T3159787

Sold
$645,000
+24.16%
08/07/2015
StellarMLS

StellarMLS #T2708868

Sold
$519,500
+7.98%

Schools & Community

Elementary school: 

San Antonio-PO

Middle school: 

Pasco Middle-PO

High school: 

Pasco High-PO

Community features: 

Gated, Stable(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$604,263
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$545,737
Cash to seller
$604,263

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Newrez Llc

Loan start date

January 2022

Original loan amount

$598,500

Est. remaining balance

$545,737

Interest rate

3.1%

Loan type

New Conventional, 25 year

Seller

Shelia Cockrell Reed and Ray L Reed Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 5:50 PM

Listing updated: 03/27/2025 at 9:22 AM

Listed by: Lindsey Harrie, KING & ASSOCIATES REAL ESTATE LLC Phone #: (352) 458-0291

MLS: StellarMLS #TB8364044

StellarMLS logo

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