503 BLUE CYPRESS DRIVE, GROVELAND, FL, 34736
Active7 days on marketListed Sep 14, 2026MLS #V4951156
About this home
503 BLUE CYPRESS DRIVE
Rare waterfront opportunity in the gated community of Waterside Pointe! This cleared, ready-to-build 50 x 94 lot sits with only one neighbor, tucked between Lake Memory and directly across from the canal leading to Lake Hiawatha, part of the Clermont Chain of Lakes. Waterside Pointe offers a recreation center, resort-style pool, basketball and tennis/pickleball courts, multiple playgrounds, a community boat ramp on Lake Memory, and a community dock just across the street from this lot. Perfectly positioned between downtown Clermont and Groveland, you're within 3 miles of shopping, schools, churches, dining, entertainment, a farmers market, Waterfront Park, a splash pad, and walking trails. Walt Disney World is about 23 miles away, and Orlando International Airport is 35 miles out. Waterfront lots like this don't come up often, come take a peek! DOCK PLANS WERE APPROVED YET EXPIRED 07/2026. DOCK TO GO ACROSS STREET FROM THE HOME.
Facts & features
The home at a glance
0.11 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,998 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,998/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Groveland
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Groveland. See the full Groveland guide →
GROVELAND 34736 — neighborhood snapshot
Population
26,086
Median age
42
Median income
$82,478
Median home value
$335,300
Avg household
2.76
Households w/ children
2,798
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Groveland market
$378K → $376K
Groveland median sold, yr/yr
98.5%
Sale-to-list ratio (12 mo)
Median sold price, Groveland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 40% below the GROVELAND 34736 median. See the full Groveland market guide →
Paper trail
This home's history
Reality check
What actually sold near 503 BLUE CYPRESS DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$550,000
529 BLUE CYPRESS DRIVE · same community
3 bd · 2.5 ba · 2,282 sqft · $241/sqft · 73 DOM
Sold · Dec ’25$800,000
403 BLUE CYPRESS DRIVE · same community
4 bd · 3 ba · 2,593 sqft · $309/sqft · 90 DOM
Sold · May ’26$675,000
313 BLUE CYPRESS DRIVE · same community
4 bd · 3.5 ba · 2,979 sqft · $227/sqft · 190 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Solance Kallendorf
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 503 BLUE CYPRESS DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 503 BLUE CYPRESS DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Solance's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
503 BLUE CYPRESS DRIVE FAQs
What would the monthly payment be for 503 BLUE CYPRESS DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,998/mo — principal and interest, the actual property-tax bill, the $181/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 503 BLUE CYPRESS DRIVE?+
The association fee works out to $181 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 503 BLUE CYPRESS DRIVE?+
The most recent tax bill on record (2025) was $2,798. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 503 BLUE CYPRESS DRIVE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Groveland?+
At $225,000, this home is listed about 44% below the Groveland median of $398,995. The market section on this page shows how the area is trending.
Which schools are assigned to 503 BLUE CYPRESS DRIVE?+
South Lake High School (high), Minneola Charter School (elementary), Groveland Elementary School (elementary) — Lake County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the GROVELAND 34736 market on paper
$225,000 is 40% below the GROVELAND 34736 median of $376,850.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Fresh on the market
Only 7 days on market in a Groveland market that averages 36 — if it fits, move quickly.
04Strong assigned schools
South Lake High School, Minneola Charter School, Groveland Elementary School — Minneola Charter School rates 4 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of LPT REALTY, LLC · Matthew Buckley. MLS #V4951156.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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