Waterstone
A 400-acre master-planned community with new construction, resort amenities, and Lake County natural beauty.
Live the MaxLife.
$370K
Median Price
$270K – $465K
1,053
Homes
$116–$116
Monthly HOA
2024
Established
Waterstone — What's Selling
Recent closed sales in and around Waterstone, live from the Stellar MLS · about $180/sq ft · aggregates only, no addresses published.
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Background
A brief history
Waterstone is a newer master-planned community in Groveland, Florida, developed through a partnership between Taylor Morrison and Lennar Homes. The community was launched in 2024 and represents a modern approach to residential development in Lake County, blending new construction with community amenities and natural preservation. Spanning over 400 acres, Waterstone seamlessly integrates into Lake County's rolling terrain and natural landscape, featuring two pristine lakes—Cherry Lake and Lake Minneola—as key natural features.
The feel
What it's like to live here
Waterstone offers a modern, family-oriented lifestyle with a strong emphasis on outdoor living and community connection. The community features a resort-style pool, resort-style cabana, dog park, nature play space, and the nationally certified Monarch Butterfly Gardens—creating a vibrant social hub for residents. The architecture reflects contemporary homebuilding standards from Lennar and Taylor Morrison, with homes ranging from townhomes to spacious single-family detached homes, all designed with modern energy efficiency and quality finishes.
The natural setting is one of Waterstone's defining characteristics. Residents enjoy proximity to St. John's Nature Corridor, Cherry Lake, and Lake Minneola, providing abundant opportunities for fishing, nature walks, and outdoor recreation. The rolling Lake County topography gives the community a distinctive feel compared to flatter Orlando-area developments.
The details
What to expect
Architecture & Homes
Waterstone features new construction from two nationally recognized builders. Taylor Morrison offers 9 single-family models (Spruce, Maple, Cypress, Elm, Magnolia, Cottonwood, Azalea, Holly, and Sherwood) plus townhomes ranging from 1,404–1,558 square feet. Lennar provides the Estate Collection (1,555–2,583 sqft, priced $385K–$485K) and Manor Key Collection (1,429–2,992 sqft, priced $449K–$579K). Homes feature modern designs, 3–6 bedrooms, energy-efficient systems, and open floor plans typical of contemporary Florida residential architecture.
Amenities & Lifestyle
Waterstone residents enjoy exceptional community amenities including a resort-style pool, resort cabana, dog park, nature play space, and the Monarch Butterfly Gardens certified by the National Wildlife Federation. The 400-acre footprint includes natural landscaping, walking trails, and access to Cherry Lake and Lake Minneola. These amenities foster an active community lifestyle with strong family and pet-friendly focus.
Schools
Waterstone is served by the Lake County School District, which earned an A rating in 2025. Groveland Elementary School is the primary feeder elementary school for the community. The district operates 67 schools districtwide with strong academic performance and modern facilities. Proximity to quality schools makes Waterstone attractive for young families.
Location & Access
Located on Villa City Road in Groveland, Waterstone offers convenient highway access via US-27, State Road 50, State Road 19, and Florida's Turnpike. The community is approximately 35–40 minutes from downtown Orlando, 15–20 minutes from downtown Clermont, and provides easy access to Lake County's natural recreation areas. The Western Beltway proximity supports commuting flexibility across Central Florida.
Community
Amenities
- Resort-style swimming pool
- Resort cabana
- Dog park
- Nature play space
- Monarch Butterfly Gardens (National Wildlife Federation certified)
- Walking trails
- Access to Cherry Lake and Lake Minneola
- Proximity to St. John's Nature Corridor
- Community meeting spaces
- Gated entry (some sections)
- Street lighting
- Landscaped common areas
Know Before You Buy
HOA rules worth knowing
- Monthly HOA fee of $116 covers amenity maintenance and grounds upkeep
- Community pool, cabana, and dog park usage governed by HOA policies
- Landscaping and exterior maintenance standards enforced
- Architectural guidelines for exterior modifications
- Parking and vehicle regulations
- Pet policies including dog park rules and restrictions
- Noise and nuisance ordinances
- Signage restrictions
- Community event participation and HOA meeting attendance
- Covenant and restriction compliance required
Market Commentary
What the market is doing
I've seen strong interest in Waterstone from families and professionals relocating to Lake County. The community's pricing range—from $270K townhomes to $465K single-family homes—appeals to a broad market. New construction homes from Lennar and Taylor Morrison command a premium, typically $385K–$465K, but buyers value the builder warranties, modern designs, and community amenities. Resale homes in Waterstone move quickly because the community is relatively new, meaning lower maintenance costs and buyer confidence in construction quality. For sellers, positioning your home's builder backing and the community's premium amenities—especially the pool, dog park, and butterfly gardens—drives faster sales and stronger offers.
Active MLS Inventory
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Homes available in Waterstone
12 homes currently listed in Waterstone.
$399,000
212 Streamwater Way
Groveland, FL 34736
5 bd · 3 ba · 2,287 sqft
Waterstone
This property is under contract. Contact us for backup offer opportunities.
MLS ID #O6405178
Listing provided by Stellar MLS
$390,000
366 Cornerstone Dr
Groveland, FL 34736
4 bd · 3 ba · 2,271 sqft
Waterstone
This property is under contract. Contact us for backup offer opportunities.
MLS ID #O6413748
Listing provided by Stellar MLS
$452,824
232 Streamwater Way
Groveland, FL 34736
6 bd · 5 ba · 3,001 sqft
Waterstone
This property is under contract. Contact us for backup offer opportunities.
MLS ID #O6413562
Listing provided by Stellar MLS
$405,000
367 Cornerstone Dr
Groveland, FL 34736
5 bd · 4 ba · 2,516 sqft
Waterstone
MLS ID #O6400022
Listing provided by Stellar MLS
$376,000
217 Streamwater Way
Groveland, FL 34736
4 bd · 2 ba · 1,848 sqft
Waterstone
MLS ID #TB8467820
Listing provided by Stellar MLS
$286,789
513 Moonstone Ct
Groveland, FL 34736
3 bd · 3 ba · 1,404 sqft
Waterstone
MLS ID #O6413818
Listing provided by Stellar MLS
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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 June 13, 2026. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA