Odessa FL Luxury Homes at a Glance
Last updated: October 2026
Here's how the two sides of Odessa compared for single-family closed sales with an Odessa site address.
| Single-family, September 1, 2025-August 31, 2026 | Hillsborough-side Odessa | Pasco-side Odessa |
|---|---|---|
| Total sales | 236 | 268 |
| Median sale price (all sales) | $792,500 | $593,750 |
| Sales at $750K+ | 133 (56.4%) | 85 (31.7%) |
| Sales at $1M+ | 64 | 32 |
| Sales at $2M+ | 22 | 0 |
| Median price of $750K+ sales | $975,000 | $940,000 |
| Median $/sq ft, $750K+ sales | $306 | $294 |
| Top sale | $5,750,000 | $1,585,000 |
Source: Hillsborough County Property Appraiser and Pasco County Property Appraiser sales files; qualified, improved single-family sales on one-parcel deeds.
Across both counties, 218 of 504 single-family sales (43.3%) closed at $750K or more. That share splits very unevenly by county.
Where Odessa's Luxury Market Actually Is
Odessa isn't a municipality. It's a mailing address (ZIP 33556) that crosses county lines. The south part sits in Hillsborough County around Gunn Hwy, Keystone and Van Dyke. The north part sits in Pasco County along the SR 54 corridor, home to Starkey Ranch, Asturia and Grey Hawk at Lake Polo.
Both sides are unincorporated. Hillsborough-side Odessa is all tax district U, and Pasco-side Odessa is all tax area UF. That drives the tax differences covered later on this page.
For a wider look at the area, start with our Odessa, FL homes guide.
Hillsborough-Side Odessa: Acreage and $2M+ Estates
This is the side with the bigger lots. The 133 Hillsborough-side sales at $750K+ had a median of 3,345 heated sq ft, a median year built of 2001 and a median lot of 0.71 acres. 54 of them sat on 1+ acre.
None of those 133 sales was inside a CDD, based on the Hillsborough County Property Appraiser CDD layer. Three sat in lake special districts: Hammock Woods (2) and Keystone Grove Lakes (1).
The biggest sale was $5,750,000 for a 12.02-acre property on August 10, 2026. All 22 sales at $2M+ in Odessa were on the Hillsborough side.
Prices cooled a bit, though. Compared with the prior 12 months, the median single-family sale (all prices) fell from $839,000 to $792,500 (-5.5%), and $1M+ sales dropped from 78 to 64.
Hillsborough Neighborhoods With the Most $750K+ Sales
- Unplatted acreage: 13 sales, median $1,225,000 (max $5.75M)
- Nine Eagles: 8 sales, median $1,168,500
- Keystone Park Colony: 8 sales, median $1,072,500, median lot 1.99 acres
- Arbor Lakes: 6 sales, median $814,100
- Copeland Creek: 5 sales, median $1,047,000 (built 2023)
- Trails at Van Dyke Farms: 5 sales, median $875,000
- St Andrews at The Eagles: 4 sales, median $875,000
- Montreux: 4 sales, median $787,500
- Paddocks at Van Dyke Farms: 4 sales, median $790,500
- Tarramoor / Tarramor (two plat spellings): 4 + 4 sales, medians $1.09M-$1.12M (built 2021-23)
- Northbridge at Lake Pretty: 3 sales, median $2,040,000
- Citrus Green: 3 sales, median $2,000,000, median lot 5.04 acres
- Keystone Crossings: 3 sales, median $1,125,000
Source: Hillsborough County Property Appraiser, grouped by plat. Top plats only, not every sale.
Pasco-Side Odessa: Newer Homes, Pools and CDDs
The Pasco side's 85 sales at $750K+ had a median of 3,221 living sq ft, a median year built of 2019 and a median lot of 0.25 acres. 60 were built 2015 or later.
Pools are the norm here: 65 of 85 (76%) had one. Pool share climbs with price, from 68% at $750K-1M to 93% at $1-2M.
Most of these homes sit inside a CDD. By the Pasco Property Appraiser CDD field, 55 were in the Starkey Ranch (TSR) CDD, 5 in Asturia and 25 in none. See our Starkey Ranch homes page for TSR CDD details.
The Pasco side moved the other way. Sales at $750K+ edged up from 81 to 85, and the median of those sales rose from $915,000 to $940,000. The top sale was $1,585,000 in Starkey Ranch on May 26, 2026.
Pasco Neighborhoods With the Most $750K+ Sales
- Starkey Ranch (all villages): 46 sales, median $933,750
- Grey Hawk at Lake Polo: 10 sales, median $842,500
- Whitfield Preserve: 9 sales, median $1,140,000
- Asturia: 5 sales, median $990,000
- Ivy Lake Estates: 5 sales, median $860,000
- Wyndham Lakes: 3 sales, median $1,250,000
- Parker Pointe: 3 sales, median $795,000
Source: Pasco County Property Appraiser, grouped by plat. Top plats only, not every sale. The plat count (46) and the CDD-field count (55) for Starkey Ranch come from separate records.
Same Budget, Very Different House
At around $950K, the Pasco side typically buys a 2019-built, roughly 3,200 sq ft pool home on a quarter acre inside a CDD. The Hillsborough side buys a roughly 2001-built, 3,300 sq ft home on about 0.7 acres with no CDD.
Neither is "better." It comes down to newer construction versus more land with no CDD bill.
Odessa Homes Over $1 Million: Taxes and CDD Costs
Hillsborough's tax district U rate is 18.2440 (2026 TRIM proposed), and Pasco's 2026 UF rate is 16.6966. Here's a Hometrino homestead model of property tax plus CDD at three price points.
| Price | Hillsborough Odessa (U, homestead) | Pasco Odessa (UF, homestead) | + Starkey Ranch TSR CDD FY2027 |
|---|---|---|---|
| $750,000 | $12,929 | $11,842 | +$3,409.65-$4,450.65 |
| $1,000,000 | $17,490 | $16,016 | +$3,409.65-$4,450.65 |
| $1,500,000 | $26,612 | $24,365 | +$3,409.65-$4,450.65 |
Source: Hometrino model using the 2026 TRIM proposed millage for Hillsborough tax district U and the 2026 Pasco UF rate. Property tax plus CDD only, before HOA dues, insurance and mortgage. The Starkey Ranch TSR CDD range is the FY2027 adopted assessment and includes $193.03 for trash. Estimates only.
The takeaway: at $1M, a Pasco home in Starkey Ranch runs about $19,426-$20,467 a year in taxes plus CDD. A Hillsborough home with no CDD runs about $17,490. So the usual "Pasco is cheaper" idea flips at this price point.
Price Trends in ZIP 33556
Values have been flat to slightly down. A typical home value index (a modeled value, not a sale or list price) put the top tier in 33556 at $1,015,494 in August 2026. That was down 0.2% year over year and 2.9% below its June 2024 peak of $1,045,763. The mid tier was $666,163, down 0.2% year over year.
According to closed-sale market data for all home types in 33556 in September 2026, the median sale price was $699,794 (-3.5%). Homes took a median of 59 days to sell, sold at 97.4% of list price, and 15.9% sold above list.
Sources: typical home value index (ZIP 33556, August 2026, modeled values); closed-sale market data (ZIP 33556, all home types, September 2026). Both cover the whole ZIP, not either county side alone.
Flood Zones and Insurance Discounts
Lakefront estates push up Hillsborough-side flood exposure. Based on a FEMA flood layer checked at parcel centroids, 21 of 133 Hillsborough-side $750K+ sales (15.8%) were in a Special Flood Hazard Area.
For flood insurance, unincorporated Hillsborough is CRS Class 4 (30% SFHA discount), and unincorporated Pasco is CRS Class 5 (25%). Check the flood zone for the exact address before you offer.
Sources: Esri-hosted FEMA flood layer at Hillsborough County Property Appraiser parcel centroids; OpenFEMA community data.
Schools Near Odessa Luxury Homes
Schools serving the Hillsborough side include Hammond Elementary, Martinez Middle, Steinbrenner High and Sickles High, which each earned an A in 2025-26. On the Pasco side, Odessa Elementary, Starkey Ranch K-8, Seven Springs Middle and J.W. Mitchell High each earned an A in 2025-26. Zoning changes, so confirm zoning by address with the district.
Source: Florida Department of Education, 2025-26 school grades.
Odessa Luxury Homes: FAQ
How much do luxury homes in Odessa, FL cost?
From September 1, 2025 to August 31, 2026, single-family sales at $750K+ had a median of $975,000 on the Hillsborough side and $940,000 on the Pasco side. Median price per square foot for those sales was $306 in Hillsborough and $294 in Pasco.
Where are Odessa homes over $1 million?
Most are on the Hillsborough side. From September 1, 2025 to August 31, 2026, it had 64 single-family sales at $1M+ versus 32 on the Pasco side. All 22 sales at $2M+ were in Hillsborough, where the top sale reached $5,750,000 for 12.02 acres.
Is Pasco-side Odessa cheaper than Hillsborough-side Odessa?
Not always. Pasco's tax rate is lower, but Starkey Ranch adds a TSR CDD of $3,409.65-$4,450.65 for FY2027. In a Hometrino homestead model at $1,000,000, Starkey Ranch costs about $19,426-$20,467 a year in tax plus CDD, versus $17,490 for a Hillsborough home with no CDD.
Do Odessa luxury homes have CDD fees?
It depends on the county. None of the 133 Hillsborough-side $750K+ sales from September 1, 2025 to August 31, 2026 sat inside a CDD. On the Pasco side, 55 of 85 were in the Starkey Ranch TSR CDD, 5 in Asturia and 25 in none. Check each listing before you offer.
What do you get for the money on each side?
At around $950K, Pasco-side Odessa typically buys a 2019-built, roughly 3,200 sq ft pool home on a quarter acre inside a CDD. Hillsborough-side Odessa buys a roughly 2001-built, 3,300 sq ft home on about 0.7 acres with no CDD. Pick the trade-off that fits you.
Are Odessa luxury home prices going up or down?
Mostly flat to slightly down. A typical home value index put ZIP 33556's top-tier modeled value at $1,015,494 in August 2026, down 0.2% year over year. The Hillsborough-side median sale fell 5.5%, while the median Pasco-side $750K+ sale rose from $915,000 to $940,000.
Want a hand comparing homes on both sides of the county line? Call or text Hometrino at (305) 331-0889. You can also browse current listings above.
