Waterstone

Waterstone is south of Simon Brown Road, between Bluff Lake Road (CR 33) and Villa City Road. Homes have Groveland, FL 34736 mailing addresses, but the community is inside the City of Mascotte in Lake County.

Mascotte. Waterstone uses Groveland mailing addresses and is marketed as Groveland, but Lake County's city-limits map places it inside the City of Mascotte, and its community development district was created by a City of Mascotte ordinance in 2023.

Waterstone has new single-family homes by Lennar and Taylor Morrison and townhomes by Taylor Morrison. The community development district plans 1,053 homes, including 212 townhomes. Based on MLS listings and sales from the past two years, single-family homes range from about 1,460 to 2,730 square feet with 3 to 6 bedrooms, and townhomes are about 1,400 to 1,560 square feet with 3 bedrooms.

Over the past two years (MLS data, October 2026), single-family homes in Waterstone sold for a median of about $378,000, with most between about $322,000 and $433,000. Townhomes sold for a median of about $265,000, with most between about $250,000 and $300,000. For today's listings, see the top of this page.

Recent MLS listings show HOA dues of about $112 to $117 per month for single-family homes and about $259 to $264 per month for townhomes as of October 2026. Waterstone is in the Langley South Community Development District, so tax bills include CDD assessments. The association is Waterstone of Mascotte Community Association, Inc.

Lake County Schools' 2026-27 school zones place Waterstone in Groveland Elementary, Cecil E. Gray Middle and South Lake High School.

Zoning can change and varies by street, so confirm a specific address with Lake County Schools' school locator, and compare school grades in the Florida School Accountability Reports.

No Waterstone-specific rental rules turned up in our research. HOA documents often limit leasing, so confirm the current rules with the association before buying if you plan to rent.