Lexington Village Ph I
Homes for Sale in Groveland, FL
True comps, carrying-cost math, and listings before the portals.
Lexington Village Ph I is a built-out early-2000s subdivision in Groveland, with a median build year of 2005 and homes dating from 1997 to 2007. That tight construction window means the housing stock is broadly similar in vintage, so what actually moves price here is condition and updates rather than square footage — at a median of roughly 1,800 living square feet, floor plans don't vary wildly. Expect a wide spread between homes that have been renovated and homes still carrying their original finishes.
With about 60% of the 233 homes homesteaded, this leans owner-occupied, which typically means slower, more considered turnover than a rental-heavy pocket. For sellers, that argues for pricing to condition and letting updated homes command the top of the range. For buyers, the read is straightforward: pay for the finishes you want, and don't overpay for a dated home on the assumption that vintage alone justifies the price.
Who Lexington Village Ph I is best for.
Best for
- Buyers targeting a roughly 1,800-square-foot home in an established setting who will pay for verified updates
- Value-minded buyers willing to take on a dated home and budget for systems and finishes
- Long-hold owner-occupants who want a stable, built-out neighborhood over churn
Probably not for
- Buyers set on new construction or contemporary floor plans
- Anyone needing a wide spread of home sizes to choose from within one community
- Buyers who can't budget for potential mid-2000s roof and HVAC replacement
The market around Lexington Village Ph I
Lexington Village Ph I is a small community — 38 recorded sales on file, most recently in 2022 — 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).
The housing mix here is 97% single family residence, 3% condominium.
ZIP and county figures describe the wider market, not Lexington Village Ph I specifically. Momentum Research analysis of MLS records.
The Lexington Village Ph I buying strategy.
If we were buying in Lexington Village Ph I 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 Lexington Village Ph I.
A condition-driven resale market
Because nearly every home here was built inside a single decade and the median living area sits near 1,800 square feet, buyers aren't really choosing between radically different house sizes — they're choosing between levels of care and updating. Roofs, HVAC, and kitchens from the mid-2000s are now at or past the age where replacement matters, so the diligence on any given listing should focus on major systems and what's been renewed.
The majority-homestead profile suggests a stable base of long-term ownership rather than churn. Practically, that can mean fewer listings hitting the market at once and homes that have been lived in and maintained rather than flipped. It also means comparable sales should be read carefully — an updated home and a time-capsule home can look identical on paper and price very differently.
The location and the amenities are priced into every listing in Lexington Village Ph I. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a market where price is set by condition rather than square footage, the value we add is telling you honestly what a home's updates are actually worth and where a dated listing is priced on nostalgia. We work the Lake County resale market directly, we read the comps on finishes and systems rather than headline numbers, and we'll walk you off a home that doesn't pencil.
Lexington Village Ph I in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a Lexington Village Ph I 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 Lexington Village Ph I sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Lexington Village Ph I, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Lexington Village Ph I home worth?
Get a no-obligation home value based on real comparable sales in Lexington Village Ph I, 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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Frequently Asked Questions
How many homes are in Lexington Village Ph I?
What share of Lexington Village Ph I is owner-occupied?
When were the homes in Lexington Village Ph I built?
Who is the best real estate agent for Lexington Village Ph I?
How do I find a top Groveland real estate agent who knows Lexington Village Ph I?
Can Momentum Realty connect me with an agent for Lexington Village Ph I?
Should you buy in Lexington Village Ph I?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (3 streets, ZIP 34736)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2007 (14 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.
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