Lake Down Reserve
Ten custom estates on pristine Lake Down, Windermere's newest ultra-luxury enclave.
Live the MaxLife.
$4.2M
Median Price
$3.6M – $4.7M
10
Homes
$650–$900
Monthly HOA
2018
Established
Windermere Elementary (A-rated)
School Zone
Background
A brief history
Lake Down Reserve was conceived by Element Home Builders in the late 2010s as an ultra-luxury lakefront community on Lake Down, one of Windermere's premier Butler Chain lakes. Only ten homesites were ever platted, positioned across a brick-paver and landscaped gated entry off Conroy-Windermere Road, directly across from the main Isleworth entrance. Build-out began in 2018 and was substantially complete by 2024, with each of the ten custom estates taking 18–24 months to construct. The developer prioritized architectural quality, lot size, and waterfront positioning over density — a deliberate constraint that keeps this community exclusive.
The feel
What it's like to live here
Lake Down Reserve is the definition of ultra-intimate: only ten homes, all custom-built, all on generously oversized 1+ acre parcels. This is not a subdivision in the traditional sense — it's ten estate properties that happen to share a gated entrance. Homes are spaced far apart, with mature landscape buffers and view orientation toward Lake Down. Every lot includes private dock access. Architecture is contemporary-transitional and custom Mediterranean, with each estate reflecting its owner's preferences rather than a community-wide architectural code. Residents see each other rarely; the community feels private, quiet, and exclusive by design.
The details
What to expect
Architecture & Lots
All ten homes are custom-built, no cookie-cutter plans. Square footage ranges 5,624–8,770+. Contemporary-transitional and Mediterranean styles. Each home sits on 1+ acre with generous setbacks. Private docks and boat lifts standard on all properties. Every home has water views and direct Lake Down access.
Lake Down & Water Features
Lake Down is a pristine Butler Chain lake supporting boating, fishing, and skiing. Private boat dock on each property. Connected via canal to the larger Butler Chain. Outstanding Florida Water designation means stricter environmental protection. No wake zones near docks and canals.
Security & Exclusivity
Brick-paver and landscaped gated entry with guardhouse. Only ten homes total — extremely low traffic and noise. Most owners are absent part of the year (second-home community). Private driveway parking. No through-traffic, no school drop-offs, no visibility from public roads.
HOA Rules & Fees
Monthly HOA $650–$900. Dock modifications require both HOA and SJRWMD approval (8–12 weeks total). Short-term rentals prohibited or heavily restricted. All exterior changes subject to review. No commercial vehicle parking. Landscape modifications require approval.
Location & Access
Gated entrance off Conroy-Windermere Road, directly across from Isleworth main gate. Less than one mile from Downtown Windermere. Eight minutes to Restaurant Row, 25 minutes to downtown Orlando, 15 minutes to Disney, 30 minutes to MCO. Very quick access to 429 Western Beltway.
Community
Amenities
- Private dock and boat lift on all properties
- Direct Lake Down access — premium Butler Chain lake
- 24-hour gated entrance with guardhouse
- Oversized 1+ acre parcels with mature landscaping
- Custom-built homes with high-end finishes
- Connected to full Butler Chain via navigable canals
Know Before You Buy
HOA rules worth knowing
- Monthly HOA $650–$900
- Dock modifications require HOA + SJRWMD approval (8–12 weeks)
- Short-term rentals prohibited or severely restricted
- All exterior changes require review and approval
- Commercial vehicles and RVs prohibited on driveways
- Outstanding Florida Water environmental restrictions
- Landscape modifications require approval
Education
School assignments
- Windermere Elementary (A-rated)
- Bridgewater Middle (A-rated)
- Olympia High School (A-rated)
- Windermere Prep (private, under 10 minutes)
- The First Academy (private, 15 minutes)
School zone assignments change. Verify with Orange County Public Schools before purchase.
Market Commentary
What the market is doing
All ten homes trade in the $3.6M–$4.7M band, with pricing driven by finish level, waterfront lot orientation, dock quality, and square footage (homes range 5,624–8,770+ square feet). Lake Down frontage and private dock access are fundamental; without them, homes would trade significantly lower. Turnover is infrequent — only a handful of sales since 2020 — and most transactions happen off-market or through direct owner contact. This is a forever-home community for buyers seeking ultimate privacy and waterfront control.
Active MLS Inventory
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Recent sales in Windermere
Representative closings across Windermere. Our Lake Down Reserve off-market pipeline is larger than what's shown here.
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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.