Grand Island Estates
Homes for Sale in Grand Island, FL

A compact, single-phase community in Grand Island built out almost entirely in 2005 and 2006, with a high share of owner-occupied homes and very little turnover.

Stellar MLS sales records identify 30 homes in Grand Island Estates that have changed hands since 2008, built between 2005 and 2006 (median 2005), with a median living area of about 1,935 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

County records show 3 qualified sales in Grand Island Estates across 2024 - 2025 (2 in 2024, 1 in 2025), median $410,000 - the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Grand Island Estates is too small for its own price trend, so here is the market around it.

In ZIP 32735, 33 homes are on the market and 18% are under contract — a steady corner of Grand Island.

Across Lake County, 3,234 homes are active and 1,077 pending (25% under contract).

In ZIP 32735 (Grand Island), 77 homes closed in the last 12 months at a median of $330K ($171/sq ft), down 4.2% year over year, with a median 50 days on market. Right now 21 active and 4 pending listings put supply at about 4.2 months - a balanced market. See the live ZIP 32735 housing market and the Lake County market.

ZIP and county figures describe the wider market, not Grand Island Estates specifically. Momentum Research analysis of MLS records.

With only 50 homes and a build window of just two years, Grand Island Estates reads more like a single development phase than a sprawling subdivision. Median living space lands at 2,021 square feet, and because construction happened in such a compressed period, most homes carry similar structural bones - the real variation buyers will find is in updates, finishes, and how well each property has been maintained since 2005.

The homestead share of 86% is notable: it signals that the large majority of owners here have filed for a primary-residence exemption, which typically correlates with lower turnover and fewer investor-owned or short-term-rental properties. Combined with a single active listing and no recorded closings in the current window, this is a community where inventory simply does not move often - when a home does list, it tends to draw attention precisely because options are scarce.

In a community this small and this quiet on the MLS, there is no shortcut around direct knowledge of the handful of homes that exist and how they compare. We track this pocket of Grand Island closely enough to tell you, listing by listing, whether a price reflects the home's condition or is simply testing the market in the absence of recent comparables - and we will say so plainly either way.

Listings in this community report association dues of about $456 a year ($38 a month) - the median AssociationFee across 33 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.