Bay Lakes at Granada
Established neighborhood circling private lakes with family amenities and schools.
Live the MaxLife.
$950K
Median Price
$600K – $1.8M
391
Homes
$100–$200
Monthly HOA
1979
Established
Dr. Phillips Elementary (A-rated)
School Zone
Background
A brief history
Bay Lakes at Granada (sometimes listed simply as Bay Lakes or referred to with the Granada nomenclature) was built between 1979 and 1985 by Greater Homes. The community was designed around two private interior lakes — Lake Sloat and Lake Tucker — with emphasis on family living and shared amenities. The name references the nearby Granada area landmark. Build-out was complete by the mid-1980s, and the community has maintained strong stability and appeal, particularly for families seeking the Dr. Phillips school zone at accessible pricing.
The feel
What it's like to live here
Bay Lakes at Granada is a well-established, family-oriented neighborhood with a diverse architectural palette. Streets wind around the two private interior lakes, creating multiple sections with distinct characters. Lots are modest (0.2 to 0.4 acre), which encourages a walkable, neighborly feel. Homes span contemporary, ranch, Spanish/Mediterranean, and traditional styles, most built in the early-to-mid 1980s. The community's heart is the residents-only lakefront park with sand beach, fishing piers, playground, and lighted courts. Water access via private docks is available to roughly 88 of the 391 homes.
The details
What to expect
Architecture & Lots
Eclectic 1979–1985 stock: Contemporary, Ranch, Spanish/Mediterranean, Florida, Traditional styles. 3–6 bedrooms, 1,500–3,000 sq ft. Modest lots (0.2–0.4 acre) — smaller than newer Dr. Phillips communities but more walkable.
Lakes & Water Access
Two private interior lakes with residents-only beach park, sand beach area, 88 homes with lake or dock access, private fishing piers, and lakeside walking paths. Kayaking and paddleboarding permitted; no large wake boats.
Community Amenities
Lighted tennis courts, full basketball court, children's playground, picnic pavilion, and community park with shade trees. Strong neighborhood park culture — residents use courts and beach year-round.
HOA & Governance
Mandatory HOA at $100–$200/month covers lakes, parks, courts, and common grounds. Non-gated community with active homeowners board. Minimal architectural restrictions — styles vary widely.
Schools & Family Orientation
Zoned for Dr. Phillips Elementary, Southwest Middle, Dr. Phillips High. The A-rated schools are the primary purchase driver for families. Accessible pricing relative to Bay Hill or Phillips Bay.
Community
Amenities
- Two private interior lakes (Lake Sloat & Lake Tucker)
- Sand beach and residents-only park
- Lighted tennis and basketball courts
- Fishing piers and walking paths
- Picnic pavilion and shade trees
Know Before You Buy
HOA rules worth knowing
- Mandatory HOA $100–$200/month
- Non-gated community
- Private lakes for residents; no large wake boats
- Short-term rentals generally permitted
- Minimal architectural control
Education
School assignments
- Dr. Phillips Elementary (A-rated)
- Southwest Middle School
- Dr. Phillips High School (A-rated)
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
Median sale sits $800K–$1M for homes in fair-to-good condition. Well-renovated homes reach $1.2M–$1.5M, while unrenovated originals trade $600K–$850K. Lake-access homes command a premium of $100K–$300K above comparable interior homes. Because the community has been in place for 40+ years, turnover is driven by school cycles, family upsizing, and estate sales rather than new construction. Price-per-square-foot is $250–$360 depending on renovations and lake access.
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Also Worth Seeing
Related communities
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Bay Lakes
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Explore Bay Lakes →
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Information on this page is compiled from public records, MLS data, community associations, and broker observation. Price ranges, HOA fees, school assignments, and community amenities change — verify all details with MaxLife Realty and the relevant community association before making a purchase decision. Ryan Solberg, Broker, License #BK3354351. MaxLife Realty, 321.373.3536.