
$375,000
Water Crest Court
Groveland, FL 34736
Listing updated: September 20, 2026 at 6:28 PM ET
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveSep 20, 2026
- Listed$375,000Sep 20, 2026
- Price increased$375,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 0
- Subdivision
- Lakes Lu-Emma Lt 01
- County
- Lake
- Price/sq ft
- $2
- Lot size
- 226,247 sq ft
- Lot category
- 5 to less than 10
- Flood zone
- X
- Annual taxes
- $2,990 (2025)
- Parcel #
- 36-21-24-1200-000-01200
- Zoning
- A
- MLS #
- G5118035
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HOA & Financial
- HOA fee
- $3,000 / Annually
- Monthly HOA
- $250/mo
- Total monthly fees
- $500/mo
- Total annual fees
- $6,000
- HOA name
- Lakes of Lu-Emma
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Needed
- Water source
- Well Required
- Utilities
- BB/HS Internet Available
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2026-09-19
- On market date
- 2026-09-20
- Original list price
- $375,000
- MLS area
- 34736 - Groveland
- Listing AOR
- Lake and Sumter
- Status changed
- 2026-09-20
- Tax legal description
- LAKES OF LU-EMMA PB 47 PG 41-43 BEGINNING AT THE SOUTHWEST CORNER OF LOT 12 RUN NORTH 00-39-05 EAST 661.73 FEET NORTH 89-00-03 EAST 115 FEET RUN NORTH 28-55-37 EAST 124.37 FEET TO A POINT ON THE SOUTH RIGHT OF WAY LINE OF WATER CREST COURT BEING ON A CURVE CONCAVE NORTHEASTERLY WITH A RADIUS OF 553 FEET THENCE RUN SOUTHEASTERLY ALONG SAID CURVE FOR 156.28 FEET THRU A CENTRAL ANGLE OF 16-48-00 HAVING A CHORD OF SOUTH 43-56-07 EAST 155.73 FEET SOUTH 28-55-37 WEST 151.53 FEET THENCE SOUTH 27-08-02 EAST 591.60 FEET TO A POINT ON THE SOUTH LINE OF SAID LOT 12 THENCE RUN SOUTH 89-50-55 WEST ALONG SAID SOUTH LINE 487.23 FEET TO THE POINT OF BEGINNING ORB 6152 PG 2390
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of September 20, 2026 at 6:28 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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