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$600,000 Just Listed
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Property Description
3-ACRE LAKEFRONT HOMESITE 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 homesite 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. Survey available, with an 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# O6445349. Don't miss this rare opportunity! Schedule your private tour today!
Full Property Details
Full Property Details for Water Crest Ct
General
- Price: $600,000
- HOA FEE: $250/month
- HOA FEE FREQ.: Annually
- Taxes: $4,690 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: O6445370
- 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: Agent and Buyers agent to verify with HOA
Utilities
- Sewer: Septic Tank
- Water District: LAKE EMMA
- Water: Well
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available, Phone Available, Public, Street Lights, Water Available
Structural Information
- Current Bldg. Use: Residential
Lot Features
- Property View: Water
- Lot Size (Acres): 2.93
- Lot Size (Sq. Ft.): 127,631
- Lot Size: 2.93
- Lot Dimensions: 00 x 00
- Street/Road Desc.: Asphalt, 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: $204,778
- Association Fee: $3,000
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- Tax Amount: $4,690
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LAKES OF LU-EMMA PB 47 PG 41-43 LOT 4 ORB 6162 PG 1487
- Flood Zone Info: X
- APN: 362124120000000400
- Property ID: 362124120000000400
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Price & Sales History for Water Crest Ct
Date
Details
Price
Change
Source
9/28/2026
Listed
$600,000
—
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# O6445370) is a Lots/Land property with a lot size of 2.93 acres. Water Crest Court is currently listed for $600,000 and was received on September 28, 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.

