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$375,000 Just Listed
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Property Description
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!
Full Property Details
Full Property Details for Water Crest Ct
General
- Price: $375,000
- HOA FEE: $250/month
- HOA FEE FREQ.: Annually
- Taxes: $2,990 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: G5118035
- Updated: 9/20/2026
- Added to Site: 1 day(s) ago
Additional Information
- Shared Amenities: Gated
- Security/Safety: Gated Community
Location
- Area: 34736 - Groveland
- County: Lake
- Development Name: 34736 - Groveland
- Subdivision: LAKES LU-EMMA LT 01
- Driving 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.
Community
- Community Name: 34736 - Groveland
- Optional Amenities: Gated
- Association: Yes
- Assoc. Name: Lakes of Lu-Emma
Utilities
- Sewer: Septic Needed
- Water: Well Required
- Utility Description: BB/HS Internet Available
Structural Information
- Current Bldg. Use: Unimproved
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 5.19
- Lot Size (Sq. Ft.): 226,247
- Lot Size: 5.1939
- Lot Dimensions: 155 x 124 x 115 x 662 x 482 x 591 x 151
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Price Per Acre: $72,254
- Association Fee: $3,000
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- Tax Amount: $2,990.31
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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 SA
- Flood Zone Info: X
- APN: 362124120000001200
- Property ID: 362124120000001200
Listed by Florida Land & Ranch Brokers
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Price & Sales History for Water Crest Ct
Date
Details
Price
Change
Source
9/20/2026
Listed
$375,000
—
MLS
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
Tax History for Water Crest Ct
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,920
4%
$495,994
—
2023
$4,736
70%
$495,994
143%
2022
$2,790
—
$204,334
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Water Crest Ct
Water Crest Court, Groveland, FL 34736 (MLS# G5118035) is a Lots/Land property with a lot size of 5.19 acres. Water Crest Court is currently listed for $375,000 and was received on September 20, 2026. Want to learn more about 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.

