Groveland Lexington Estates Lt 01 Pb 51 Pg
Homes for Sale in Groveland, FL

Community in Groveland · Lake County
279 homesBuilt 2004–2024
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Built fromLive Stellar MLS data12 years of closingsFL DOR public recordsUpdated twice daily
Live · Groveland Lexington Estates Lt 01 Pb 51 Pg Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
70%
Owner-occupied · Groveland Lexington Estates Lt 01 Pb 51 Pg
204 of 292 parcels homesteaded (FL DOR 2025)
30%
Non-owner-occupied · Groveland Lexington Estates Lt 01 Pb 51 Pg
incl. 11% trust or LLC-held · 13% out-of-state
0%
Cash buyers · Groveland Lexington Estates Lt 01 Pb 51 Pg
0 of 3 sales, 12 mo ending June 2019
279
Homes in the community
plus 13 vacant residential lots · 292 residential parcels (FL DOR 2025)
Track record · 12 years of records
Est. 2004
Community established
homes built 2004-2024, median 2005 (FL DOR 2025)
0
Failed listings · 2023
peaked at 2 in 2021
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lexington Estates is a mid-2000s subdivision in Groveland, with most of its roughly 279 homes built around 2005 and a build-out that stretches to 2024. The median home sits near 1,840 square feet, so what moves price here is less about location tier and more about condition, updates, and the specific vintage of a given house — the older core stock versus the newer infill.

There are no recorded closings in the current window, which means we are working from standing inventory and comparable history rather than fresh sales. For a buyer, that argues for patience and disciplined comps. For a seller, it means pricing to condition and being realistic that this is a market you read carefully, not one you assume is moving fast.

Best for

  • Long-term owner-occupants comfortable in an established mid-2000s neighborhood
  • Buyers who want newer construction but prefer a settled community over a raw new-build tract
  • Value-focused buyers willing to trade updates and condition against price

Probably not for

  • Investors needing a deep, active rental pool given the high owner-occupancy share
  • Flippers who require heavy recent-sale volume to underwrite a quick exit
  • Buyers fixed on a single vintage who won't underwrite the 2004-to-2024 build spread

The market around Groveland Lexington Estates Lt 01 Pb 51 Pg

Groveland Lexington Estates Lt 01 Pb 51 Pg is a small community — 5 recorded sales on file, most recently in 2023 — too few for its own price trend. Here is the market around it.

Across Lake County, 3,176 homes are active and 1,107 pending (26% under contract).

Homes here are single family residence.

ZIP and county figures describe the wider market, not Groveland Lexington Estates Lt 01 Pb 51 Pg specifically. Momentum Research analysis of MLS records.

If we were buying in Groveland Lexington Estates Lt 01 Pb 51 Pg today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Groveland Lexington Estates Lt 01 Pb 51 Pg.

Best Buy
Buyers who want an established Groveland address with the option of newer product under the same name.
Biggest Risk
A thin current sales window means comps require care and patience.
Sweet Spot
A well-maintained mid-2000s home around the 1,840 sq ft median, priced to its condition.
Avoid If
You need fast comparable turnover to justify an aggressive offer or a quick flip.

One community, two vintages

The year-built range runs from 2004 to 2024 with a median of 2005, which tells you most of the neighborhood is nearly two decades old while a slice of it is close to new. That spread matters at the offer stage: an early-2000s house and a recent build can carry very different roof, HVAC, and finish situations, and the price you should pay reflects those differences more than any headline number.

Owner-occupancy runs high here, with roughly 70% of homes carrying a homestead exemption. That points to a community held largely by people living in their homes rather than turned over as rentals — a stability signal for anyone planning to stay a while.

The location and the amenities are priced into every listing in Groveland Lexington Estates Lt 01 Pb 51 Pg. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

With no closings in the current window, this is a market where the comps take work and the vintage spread makes every house its own case. We do that work — pricing to condition, weighing an '05 build against newer stock, and telling you plainly when a listing is priced ahead of what it should be.

Groveland Lexington Estates Lt 01 Pb 51 Pg in 15 seconds.

Best forBuyers who want an established Groveland address with the option of newer product under the same name.
Biggest advantageHigh owner-occupancy and a two-decade track record point to stability.
Biggest riskA thin current sales window means comps require care and patience.
Sweet spotA well-maintained mid-2000s home around the 1,840 sq ft median, priced to its condition.
Avoid ifYou need fast comparable turnover to justify an aggressive offer or a quick flip.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • Any club/amenity membership is billed separately

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

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Groveland Lexington Estates Lt 01 Pb 51 Pg sales matched to your home.

What is your Groveland Lexington Estates Lt 01 Pb 51 Pg home worth?

Get a no-obligation home value based on real comparable sales in Groveland Lexington Estates Lt 01 Pb 51 Pg, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Groveland Lexington Estates Lt 01 Pb 51 Pg on the map →

Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Groveland Lexington Estates Lt 01 Pb 51 Pg?
The Florida DOR 2025 assessment roll shows 279 homes plus 13 vacant residential lots in Groveland Lexington Estates Lt 01 Pb 51 Pg (public records).
What share of Groveland Lexington Estates Lt 01 Pb 51 Pg is owner-occupied?
70% of Groveland Lexington Estates Lt 01 Pb 51 Pg parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Groveland Lexington Estates Lt 01 Pb 51 Pg built?
Homes in Groveland Lexington Estates Lt 01 Pb 51 Pg were built between 2004 and 2024, with a median year built of 2005 (FL DOR 2025 roll).
Do cash buyers compete in Groveland Lexington Estates Lt 01 Pb 51 Pg?
Cash buyers took 0% of Groveland Lexington Estates Lt 01 Pb 51 Pg sales in the 12 months ending June 2019 (0 of 3 closings, Stellar MLS).
Who is the best real estate agent for Groveland Lexington Estates Lt 01 Pb 51 Pg?
The best agent for Groveland Lexington Estates Lt 01 Pb 51 Pg is one who actively works Groveland and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Groveland Lexington Estates Lt 01 Pb 51 Pg.
How do I find a top Groveland real estate agent who knows Groveland Lexington Estates Lt 01 Pb 51 Pg?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Groveland Lexington Estates Lt 01 Pb 51 Pg and the wider Groveland area.
Can Momentum Realty connect me with an agent for Groveland Lexington Estates Lt 01 Pb 51 Pg?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Groveland Lexington Estates Lt 01 Pb 51 Pg purchase or sale - no call center and no pressure.
Long-term owner-occupants comfortable in an established mid-2000s neighborhoodExcellent fit
Buyers who want newer construction but prefer a settled community over a raw new-build tractExcellent fit
Value-focused buyers willing to trade updates and condition against priceExcellent fit
Investors needing a deep, active rental pool given the high owner-occupancy shareProbably not
Flippers who require heavy recent-sale volume to underwrite a quick exitProbably not
Buyers fixed on a single vintage who won't underwrite the 2004-to-2024 build spreadProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (3 streets, ZIP 34736))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2014 (11 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

You just read the data. Now see what your home is worth.

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

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