Wedgewood Three
Homes for Sale in Grand Island, FL

Wedgewood Three Sub is a compact, largely built-out community of 78 homes in Grand Island, Lake County, with construction spanning 1994 to 2017 and a strong owner-occupied share.

Stellar MLS sales records identify 44 homes in Wedgewood Three that have changed hands since 2004, built between 1995 and 2006 (median 1998), with a median living area of about 1,617 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 4 qualified sales in Wedgewood Three across 2024–2025 (3 in 2024, 1 in 2025), median $326,700 — 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.

Wedgewood Three 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 Wedgewood Three specifically. Momentum Research analysis of MLS records.

The homes cluster in one broad era, with a median build year in the late 1990s, and living areas center on roughly 1,571 square feet. That consistency is useful: comparable sales tend to actually be comparable, so an appraisal is less likely to be thrown by an outlier down the street. The differentiators are the things you can see and touch — roof, systems, kitchens, and how the lot sits.

With about 81% of homes homesteaded, this reads as a live-in community rather than an investor block. That supports upkeep and stability, but it also keeps the number of available listings low at any given moment. Expect to compete for the well-maintained ones and to negotiate harder on those that have deferred work.

In a small subdivision where 78 homes share a similar footprint, pricing lives or dies on condition and comps, not headline square footage. We track what actually closes in Grand Island and Lake County, prepare listings to stand apart in a thin pool, and keep buyers positioned to act quickly when the right home surfaces.

Listings in this community report association dues of about $10 per month — the median AssociationFee across 21 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.