Wedgewood Three
Homes for Sale in Grand Island, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 18 closed sales in Wedgewood Three in Grand Island, FL since 2015, the most recent in February 2026. Across Grand Island as a whole, 61 homes closed in the last 12 months at a median of $329,900, 52 median days on market, with 16 homes for sale today. At that median and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $5,490 ($4,820 with the full homestead exemption).
Price here is driven by condition and the specific home, not by wide variation in vintage. The subdivision was built out over a defined stretch ending in 2017, and with a median living area around 1,571 square feet, most of what trades is comparable in scale. That means updates, finishes, and lot position do more to move a number than square footage does.
With homes largely owner-occupied, turnover tends to be measured rather than churny. For a seller, that argues for pricing to condition and letting a well-prepared home stand out against a small pool. For a buyer, inventory can be thin, so being ready to move when the right listing appears matters more than waiting for a broad menu of choices.
Nearby homes for sale
No active listings inside Wedgewood Three Sub 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
Wedgewood Three 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.
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 Wedgewood Three is best for.
Best for
- Owner-occupant buyers seeking a stable, established neighborhood who can move quickly on limited inventory
- Buyers comfortable around the community's median size who value predictable comps over floor-plan variety
- Long-hold buyers prioritizing upkeep and a mostly owner-occupied setting
Probably not for
- Buyers who need a wide menu of active listings to choose from right now
- Investors looking for a rental-heavy block with easy turnover
- Buyers wanting significantly larger or highly distinctive floor plans than the community's median offers
The market around Wedgewood Three
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 24% are under contract — a steady corner of Grand Island.
Across Lake County, 3,179 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 3 pending listings put supply at about 4.4 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 Wedgewood Three buying strategy.
If we were buying in Wedgewood Three 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 Wedgewood Three.
A steady-state subdivision
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.
The location and the amenities are priced into every listing in Wedgewood Three. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
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.
Wedgewood Three 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 Wedgewood Three 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 Wedgewood Three sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Wedgewood Three, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Wedgewood Three home worth?
Get a no-obligation home value based on real comparable sales in Wedgewood Three, 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 all homes for sale in Grand Island →
Should you buy in Wedgewood Three?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Wedgewood Three with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 13, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2015 (18 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 local comps.
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Common questions about Wedgewood Three
Where is Wedgewood Three?
Wedgewood Three is a community in Grand Island, Lake County, Florida, ZIP 32735.
Are there homes for sale in Wedgewood Three right now?
No active listings inside Wedgewood Three at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Wedgewood Three have an HOA or CDD?
No HOA is on record for Wedgewood Three 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.
Wedgewood Three Sub Market Scorecard
Wedgewood Three Sub is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 32735 ZIP is $321,802, about 5.8% below the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.