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$610,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 3.05 Acres
  • Updated 3 days ago
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RARE 3-ACRE LAKEFRONT HOME SITE IN GATED LAKES OF LU EMMA! Build your dream luxury estate on this exceptional residential homesite in one of Groveland's desirable gated lakefront communities. Enjoy beautiful waterfront views and access to the interconnected Lake Emma and Lake Lucy , offering an outstanding lifestyle for boating, fishing, skiing, jet skiing, and other water activities. Surrounded by existing luxury homes, this spacious homes ite offers privacy and the freedom to choose your own builder. Much of the preparation has already been completed, including tree removal, clearing, grading, well and septic, and a brick-paver driveway providing access to the home site. Survey available, Architect and structural engineer available to assist with your plans. The property also offers the potential to build a private dock. Conveniently located just minutes from the Florida Turnpike, providing easy access to Orlando and surrounding areas. A rare opportunity to save time and construction costs while creating your own custom lakefront estate in a beautiful gated community! this site has it all! The property directly adjacent to this parcel is 3 acres also owned by the same owner and is available for sale, offering a potential opportunity to acquire additional land MLS# O6445370 Don't miss this rare opportunity! Schedule your private tour today!

Full Property Details for 18540 Water Crest Ct

General

  • Price: $610,000
  • HOA FEE: $250/month
  • HOA FEE FREQ.: Annually
  • Taxes: $4,876 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6445349
  • Updated: 9/28/2026
  • Added to Site: 4 day(s) ago

Additional Information

  • Shared Amenities: Gated
  • Security/Safety: Gated Community

Location

  • Area: 34736 - Groveland
  • County: Lake
  • Development Name: 34736 - Groveland
  • Subdivision: LAKES OF LU-EMMA
  • Driving Directions: Hwy 50 E, Turn right onto Villa City Road, Turn right onto Lake Isle Blvd, Turm right onto Water Crest Ct, The lot is on the left.

School Information

  • Elementary School: Groveland Elem
  • Middle School: Gray Middle
  • High School: South Lake High

Community

  • Community Name: 34736 - Groveland
  • Optional Amenities: Gated
  • Association: Yes
  • Assoc. Name: Lakes of Lu-Emma
  • Pet Restrictions: Buyer or buyer's agent to verify with the HOA

Utilities

  • Sewer: Septic Tank
  • Water District: LAKE EMMA
  • Water: Public, Well
  • Utility Description: BB/HS Internet Available, Electricity Available, Phone Available, Public, Street Lights, Water Available

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Property View: Water
  • Lot Size (Acres): 3.05
  • Lot Size (Sq. Ft.): 132,858
  • Lot Size: 3.05
  • Lot Dimensions: 1038 x 1030 x 184 x 116
  • Frontage: Street Paved, Private Road
  • Street/Road Desc.: Paved

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Lake, Lake - Chain of Lakes
  • Water Extras: Yes
  • Water Front Name: LAKE EMMA
  • Water Front Desc.: Lake Front, Lake - Chain of Lakes

Financial Considerations

  • Price Per Acre: $200,000
  • Association Fee: $3,000
  • Assoc Fee Freq.: Annually
  • Assoc Fee Desc.: Required
  • Tax Amount: $4,876
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LAKES OF LU-EMMA PB 47 PG 41-43 LOT 3 ORB 6472 PG 1715
  • Flood Zone Info: x
  • APN: 362124120000000300
  • Property ID: 362124120000000300

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NMLS#: 1598647

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Schools serving 18540 Water Crest Ct

School District:Lake County School District
NameGradesDistance
Groveland Elementary School
930 Parkwood Street, Groveland, FL 34736
PK-53.9 mi
Gray Middle School
205 East Magnolia Street, Groveland, FL 34736
6-83.6 mi
South Lake High School
15600 Silver Eagle Road, Groveland, FL 34736
9-123.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18540 Water Crest Ct Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/28/2026
Listed
$610,000
60.95%
MLS
1/24/2025
Sold
$379,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 18540 Water Crest Ct

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,912
1%
$362,340
—
2023
$4,880
111%
$362,340
98%
2022
$2,317
1%
$183,183
—
2021
$2,287
43%
$183,183
71%
2018
$1,597
—
$106,857
—
2017
$1,602
1%
$106,857
—
2016
$1,587
5%
$106,857
9%
2015
$1,506
-1%
$97,698
—
2014
$1,520
-32%
$97,698
-17%
2019
$2,237
56%
$117,543
20%
2013
$1,433
—
$97,698
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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18540 Water Crest Court, Groveland, FL 34736 (MLS# O6445349) is a Lots/Land property with a lot size of 3.05 acres. 18540 Water Crest Court is currently listed for $610,000 and was received on September 28, 2026. Want to learn more about 18540 Water Crest Court? Do you have questions about finding other Lots/Land real estate for sale in Groveland? You can browse all Groveland real estate or contact a Coldwell Banker agent to request more information.

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