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Waterford Pointe, Windermere: Acre Lots on Lake Roberts
In Waterford Pointe, Windermere, 114 homes on lots of about an acre, built mostly in the 1990s and 2000s, show how Lake Roberts frontage adds a smaller premium than frontage on the Butler Chain.
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Buying or Selling in Waterford Pointe
Waterford Pointe homes for sale, including the Reserve at Waterford Pointe, combine large lots with a mix of lakefront and interior positions. Frontage, lot and age are the three things we line up before comparing any two homes here. Butler Bay also has homes on Lake Roberts.
Waterford Pointe's Plats
- Waterford Pointe: 39 homes built 1990 to 2007, on 1.07-acre lots, median $1,064,830.
- Phase 2: 34 homes on 1.52-acre lots, median $1,432,715; 22 lakefront.
- Reserve at Waterford Pointe: 38 homes built 1999 to 2009, on 0.80-acre lots, median $1,057,860.
Six homes front Lake Luntz and 32 front Lake Roberts, two smaller lakes outside the chain.
Things to Confirm on a Waterford Pointe Home
- Frontage and dock permits on lakefront lots.
- Roof and system dates on homes from the 1990s.
- Septic records, since many homes in this part of Windermere use septic.
- Association documents.
Flood Zones and Taxes at Waterford Pointe
Frontage on Lake Roberts and Lake Luntz brings flood mapping with it: all 38 lakefront lots touch a FEMA special flood hazard area, as do 9 interior ones. A new owner's property tax before exemptions, at the 2025 millages of 16.0858 and 16.1366 for its two districts, runs roughly $16,000 to $24,500 a year for the middle half of homes. Use Find My School to check school assignments.
Selling a Waterford Pointe Home
We price lakefront homes from Lake Roberts and comparable small-lake sales, and interior homes from acre-lot sales nearby, and explain each adjustment. The original plat and the Reserve are assessed almost identically, about $1.06 million at the median, so their sales can stand in for each other; Phase 2, where 22 of 34 homes are on the water, is its own comparison. County records show 26 homes across the community with a most recent recorded sale from 2022 through 2026.
See also Lake Roper and the Windermere neighborhood comparison.
The Own Luxury Homes® Perspective
On Lake Roberts, the lakefront premium is real but modest.
Waterford Pointe's Lake Roberts homes carry a median 2026 county value about $460,000 above its interior homes, on lots about twice as large. Across Windermere, homes on Butler Chain lakes carry a median of $2,377,858, against $1,512,350 on other lakes.
Frontage on a smaller lake like Lake Roberts buys water views and space at a fraction of chain prices. If you want a lakefront lot and don't need to boat the chain, Waterford Pointe's lakefront deserves a look; if you're selling, price from small-lake sales, not chain sales.
Waterford Pointe Questions
How many Waterford Pointe homes are on a lake?
Thirty-eight: 32 on Lake Roberts and six on Lake Luntz, according to county maps.
Is Lake Roberts on the Butler Chain?
No. It's a separate lake, which is one reason its frontage costs less than chain frontage.
What is the Reserve at Waterford Pointe?
A 38-home plat built 1999 to 2009, part of the Waterford Pointe area, with slightly smaller lots.
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Sources:
Orange County GIS, parcel data (2026 tax roll); Orange County GIS, recorded subdivision plats; Orange County GIS, hydrology (lakes); Orange County Water Atlas, Butler Chain of Lakes; Orange County Property Appraiser, 2025 final millage rates; Orange County GIS, FEMA flood zones; Orange County Public Schools, Find My School. Checked October 2026.
Figures: homes with a Windermere site address outside the Horizon West planning boundary, from Orange County parcel data; values are county just values on the 2026 tax roll, not sale prices; medians. Tax estimates multiply each home's 2026 county just value by the 2025 final millage for its tax district, before exemptions and non-ad valorem assessments, and are rounded. Flood counts are homes with at least 1% of the lot in a FEMA special flood hazard area (zones A, AE or AH) on the county's FEMA layer.
Reviewed by Ryan Brown, Licensed Real Estate Broker and CEO, Own Luxury Homes®