Lake Elizabeth
Homes for Sale in Earleton, FL
True comps, carrying-cost math, and listings before the portals.
Lake Elizabeth sits in Earleton, in the rural eastern reach of Alachua County. This is not a subdivision market with a tidy price band; what a property trades for here is driven by the specifics of the parcel and the structure — lot size, water access, road frontage, and the condition of whatever is standing on it. Two listings a mile apart can be worlds apart on price, and that is normal for this kind of setting.
For buyers, that means the work is in the diligence, not the comps — you are underwriting a specific piece of land and a specific house, not a floor plan repeated down the street. For sellers, it means pricing has to be built from the ground up on your property's own merits, because there is no dense stack of recent, look-alike sales to lean on. Patience and an accurate read of condition matter more here than in a tract market.
Figures in this note are as of July 12, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Lake Elizabeth right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Lake Elizabeth is a small, rural pocket of eastern Alachua County near Earleton, where inventory is thin and each property stands on its own rather than fitting a standardized model.
Stellar MLS sales records identify 15 homes in Lake Elizabeth that have changed hands since 2002, built between 1981 and 2006 (median 1993), with a median living area of about 1,585 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.
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.
Who Lake Elizabeth is best for.
Best for
- Buyers seeking a rural, low-density setting with room and privacy over turnkey convenience
- Buyers comfortable doing careful due diligence on land, access, and structure condition
- Buyers with flexible timing who can wait for the right parcel to come to market
Probably not for
- Buyers who need a short daily commute to Gainesville's core and commercial services
- Buyers wanting a predictable, tract-style product with easy apples-to-apples comparisons
- Buyers on a tight timeline who need consistent inventory to choose from
The market around Lake Elizabeth
Lake Elizabeth is too small for its own price trend, so here is the market around it.
In ZIP 32631, 2 homes are on the market and 0% are under contract — a slower corner of Earleton.
Across Alachua County, 1,186 homes are active and 407 pending (26% under contract).
ZIP and county figures describe the wider market, not Lake Elizabeth specifically. Momentum Research analysis of MLS records.
Lake Elizabeth by the numbers
From county property records and closed MLS sales for the Lake Elizabeth subdivision: 17 homes on record; built 1981–2006; typical size about 1,480 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 100%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2015 | 1 | $135,000 |
| 2017 | 1 | $244,900 |
| 2020 | 3 | $285,000 |
| 2021 | 1 | $245,000 |
| 2022 | 1 | $110,000 |
| 2025 | 1 | $375,000 |
Newest recorded sale: $375,000 on 2025-05-09.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
The Lake Elizabeth buying strategy.
If we were buying in Lake Elizabeth today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 Lake Elizabeth.
A parcel-by-parcel market
The defining feature of Lake Elizabeth is scarcity and variety. Listings do not come in a steady, predictable stream, and when they do appear they differ sharply in acreage, water proximity, and improvements. That makes averages close to meaningless — the right frame here is the individual property, not a neighborhood-wide number.
Location is the other half of the story. Earleton is well east of Gainesville's core, so you are trading proximity to city services and commercial density for space, quiet, and a rural setting. That tradeoff suits some buyers precisely and frustrates others; either way, it should be a deliberate choice made with eyes open about drive times and what is and isn't nearby.
The location and the amenities are priced into every listing in Lake Elizabeth. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
Thin, non-standard markets are where a broker earns the fee. With few comparable sales and wide property-to-property variation, we build value from the parcel up — reading condition, land, and access honestly rather than forcing your home into a band it doesn't belong in. Whether you are buying or selling in Lake Elizabeth, we would rather tell you the hard truth about a property than sell you a number.
Lake Elizabeth in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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.
Tools for a Lake Elizabeth buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Lake Elizabeth sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lake Elizabeth, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lake Elizabeth home worth?
Get a no-obligation home value based on real comparable sales in Lake Elizabeth, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Lake Elizabeth?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-08-30 |
| Historical depth | Closed-sale records back to 1995 (29 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.
Recent Developments in Lake Elizabeth
Development, infrastructure, retail, and school activity affecting Lake Elizabeth, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Infrastructure
EPA plans mile-long underground wall at Koppers Superfund site in Gainesville
The EPA presented a plan to the Gainesville City Commission for a mile-long, 65-foot-deep underground wall at the 90-acre Koppers site at 200 NW 23rd Ave. Construction could start this fall and run to mid-2027, and an information session is set for Oct. 21. The site will be cleaned to commercial and industrial standards only.
What it may mean for the marketThe cleanup sets long-term land use limits on a large north Gainesville parcel and brings construction activity there through 2027. The project is about 14 miles west of Lake Elizabeth, elsewhere in Alachua County.
Source: Mainstreet Daily News - October 2026Development
Gainesville celebrates $25 million HUD Choice Neighborhoods grant for East Gainesville
The city and Gainesville Housing Authority marked a $25 million HUD Choice Neighborhoods grant covering a 1.5-square-mile area of East Gainesville. Plans include 72 new units on a site near University Avenue and Williston Road and replacement of 100 units at Pine Meadows and Pine Terrace, with possible mixed-use development. The award was announced Sept. 3.
What it may mean for the marketNew and rehabilitated housing plus possible mixed-use space would add housing supply and services in East Gainesville. The project is about 12 miles west of Lake Elizabeth, elsewhere in Alachua County.
Source: Mainstreet Daily News - September 2026Market
Gainesville Plan Board recommends denying land use change for Cottages at Depot Park
The City Plan Board voted 4-3 to recommend denying a new land use and Urban 6 zoning for about 2 acres at the Cottages at Depot Park, which has about 37 existing units. The zoning would have allowed a drive-thru by right. The City Commission makes the final decision, and current zoning already allows redevelopment.
What it may mean for the marketThe outcome affects whether a small near-downtown parcel can be redeveloped at higher density with commercial uses. The project is about 14 miles west of Lake Elizabeth, elsewhere in Alachua County.
Source: Mainstreet Daily News - September 2026Infrastructure
Alachua County budgets $106 million for roads and expands pothole repair
County Manager Michele Lieberman said the 2026-27 budget includes $106 million for roads across a 700-mile network. The county now runs four pothole crews six days a week, added milling and resurfacing to its Watson Construction contract, and is adding a $500,000 amendment for more repairs.
What it may mean for the marketAdded road funding and resurfacing should improve driving conditions on county roads and affect commute reliability. The site is about 14 miles west of Lake Elizabeth.
Source: Mainstreet Daily News - September 2026Development
GRU Authority approves demolition of Power District buildings ahead of possible land sale
The GRU Authority voted 3-0 to hire SGLC for $458,000 to demolish most buildings and remove asbestos on the roughly nine-acre Power District northeast of Depot Park. Demolition starts at the end of September and is to finish by Thanksgiving. GRU plans to sell the land, which it expects to bring at least $7.5 million.
What it may mean for the marketClearing about nine acres near Depot Park opens a possible future redevelopment site close to downtown. The project is about 14 miles west of Lake Elizabeth, elsewhere in Alachua County.
Source: Mainstreet Daily News - September 2026Parks & Amenities
Gainesville commission approves phased renovation of T.B. McPherson Center
The Gainesville City Commission unanimously approved renovation plans for the T.B. McPherson Center in southeast Gainesville and directed staff to contract Monarch Design Group. The 10-year plan totals nearly $10 million, with about $3.5 million for building and grounds work including a new kitchen, multipurpose rooms, walking trails, basketball courts and a playground. The first phase covers the parking lot and walking paths.
What it may mean for the marketPhased upgrades add recreation space and trails to southeast Gainesville over the next five to 10 years. The project is about 13 miles west of Lake Elizabeth, elsewhere in Alachua County.
Source: The Independent Florida Alligator
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
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Common questions about Lake Elizabeth
Where is Lake Elizabeth?
Lake Elizabeth is a community in Earleton, Alachua County, Florida, ZIP 32631.
How many homes are in Lake Elizabeth?
County property records list 17 homes in Lake Elizabeth, built between 1981 and 2006; the typical home is about 1,480 heated square feet.
What do homes in Lake Elizabeth sell for?
Lake Elizabeth has no MLS sales in the last 12 months. The most recent year with recorded sales on file is 2025 (1 sale, median $375,000). For context, ZIP 32631 has 2 homes on the market with 0% under contract.
Are there homes for sale in Lake Elizabeth right now?
No active listings inside Lake Elizabeth at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Lake Elizabeth have an HOA or CDD?
No HOA is on record for Lake Elizabeth in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
More Earleton & Gainesville & Alachua County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Gainesville & Alachua County or the full Neighborhood Finder.
Nearby Communities
Explore more neighborhoods near Lake Elizabeth with Momentum Realty’s local guides.
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Alachua County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Alachua County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.