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$339,900

WATER CREST COURT, GROVELAND, FL 34736

3D Tour
Active44 days on market

Beds

,

Baths

0

Sq Ft

,

Year Built

,

Lot Size

5.19 acres

Garage

,

About This Property

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!

Property Overview

Property TypeLand
MLS #G5118035
StatusActive
SubdivisionLAKES LU-EMMA LT 01
CountyLake
OwnershipFee Simple

Interior Features

SecurityGated Community

Exterior & Lot

Lot Size5.19 acres (226,247 sq ft)
Lot Dimensions155 x 124 x 115 x 662 x 482 x 591 x 151
Lot FeaturesBuildable, In County
Road SurfacePaved, Asphalt
ViewTrees/Woods
0

Utilities

WaterWell Required
SewerSeptic Needed
UtilitiesBB/HS Internet Available

Parking

GarageNo

HOA & Community

HOAYes
HOA Fee$3,000 / Annually
Senior CommunityNo

Financial Details

List Price$339,900
Original Price$375,000
Annual Taxes$2,990 (2025)
FinancingCash, Conventional
ZoningA
Parcel #362124120000001200

Directions

From US Hwy 50, travel north on US Hwy 27. Turn left onto Villa City Road (CR 565) and continue approximately 3.5 miles. Turn left into the gated Lakes of Lu-Emma community onto Lake Isle Boulevard. Continue to Water Crest Court and turn right. Lot 12 will be on the right just before the cul-de-sac.

Location

WATER CREST COURT, GROVELAND, FL 34736

Listing Information

OfficeFLORIDA LAND & RANCH BROKERS
ListedSeptember 20, 2026

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Home Price

$339,900

20% ($67,980)
6.75%

Loan Term

Principal & Interest$1,764
Property Tax (est.)$312
Insurance (est.)$150
Total Monthly$2,225
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: November 3, 2026.

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