Water Crest CT, photo 1
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Overview

0 baLand
TypeLand
HOA$3,000/yr
Lot226,247 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Water Crest CT is a home in Lakes Lu-emma Lt 01, Groveland. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $3,000 annually.

From the listing

Experience over 5 acres of beautiful high-and-dry land within the exclusive gated community of Lakes of Lu-Emma, where privacy, elevation, and natural beauty come together in one remarkable setting. This 5.19-acre homesite is mostly cleared with only a few trees, creating an open and impressive setting for a custom home. With much of the major clearing already completed, you can focus on designing and positioning your residence to take full advantage of the property's elevation, open surroundings, and lake-view setting. Elevation 110' up to 120'. Imagine creating a custom estate with wide-open space, beautiful surroundings, and the privacy that is becoming increasingly difficult to find in Central Florida. There is no time restriction to build, and you have the freedom to bring your own builder, giving you the opportunity to create exactly what you envision - from an elegant country estate to a spectacular custom luxury home. Lakes of Lu-Emma is an intimate gated community of only 13 estate homesites. Residences require a minimum of 3,000 heated square feet, helping preserve the distinctive character and quality of the community. Lakes of Lu-Emma community near Lake Emma and Lake Lucy. The property's size and setting provide the opportunity to thoughtfully position a custom residence to make the most of the surrounding scenery. Although the setting feels peaceful and private, the property is conveniently located near the Florida Turnpike and major highways, providing easy access throughout Central Florida. With significant development occurring in the surrounding area, this location offers an exceptional combination of acreage, privacy, convenience, natural beauty, and future potential. OVER 5 ACRES - HIGH & DRY - GATED - MOSTLY CLEARED LAKE-VIEW SETTING - ONLY 13 ESTATE HOMESITES 3,000 SQ. FT. MINIMUM - BRING YOUR OWN BUILDER - NO TIME LIMIT TO BUILD Properties offering this combination of acreage, elevation, privacy, and location are increasingly difficult to duplicate in Central Florida. This isn't simply a place to build a home. It's an opportunity to create something extraordinary!

The essentials

On market
28 days
Annual tax
$2,990
HOA
$3,000/yr
Flood zone
X · Low risk
Lot
226,247 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$2,643/mo
Down payment (20%)
$75,000
Property taxes
$249/mo
HOA
$3,000/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
226,247 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
28
Flood Zone X
Annual Tax (2025)
$2,990
Parcel #
36-21-24-1200-000-01200

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Lakes Lu-emma Lt 01
County
Lake
MLS Area
34736 - Groveland
Lot Size
226,247 sqft
BuildableIn CountyPaved
HOA
$3,000/yr
Lakes of Lu-Emma

Price history

Date
Event
Price
9/19/2026
Listed for sale
Source: Stellar MLS #G5118035
$375,000

Neighborhood

Water Crest CT
Groveland, FL, 34736 · 34736 - Groveland

Calculator

Est. monthly payment
$2,642/mo
Principal & interest$1,956
Property taxes$249
Insurance$188
HOA$250
Down payment20% · $75,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$375,000

Time on market

28 days

Monthly payment

About $2,643/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,990 annual tax bill, insurance, and the $3,000/yr HOA fee.

HOA fee

$3,000/yr

Managed by Lakes of Lu-Emma.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byFLORIDA LAND & RANCH BROKERSListing agent: Debbie PayneListing data from Stellar MLS, MLS# G5118035.

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