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Waterstone, Windermere: Newer Homes Near Lake Butler
Waterstone, Windermere, has 120 homes built from 2010 to 2024, with a 2026 median county value of $1,630,230, and its interior homes are valued well above older nearby communities with larger lots.
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Buying or Selling in Waterstone
Homes for sale in Waterstone, Windermere, are mostly 2010s-built pool homes on lots under half an acre, with a small group of large lakefront estates. Age, size and lot separate Waterstone homes, and Waterstone's own sales come first when we price one. Nearby Lake Butler Sound and Kelso on Lake Butler offer older alternatives.
Waterstone in Detail
- Homes: 120, built 2010 to 2024; 36 since 2015.
- Interior homes: 102 on median lots of 0.44 acres, median $1,588,442.
- Lake Butler: 12 homes on median lots of 2.49 acres, median $3,469,405.
- Lake Estes: 6 homes on lots of nearly two acres, assessed on a par with the Lake Butler group.
- Pools: 117 of 120 homes.
What Newer Construction Changes
Buyers here are paying partly for age: newer roofs and systems, current layouts and finishes. Our agents compare a Waterstone home with Waterstone sales of similar age first, and confirm what builder warranties, if any, remain. Association documents are reviewed before you're committed.
Taxes and Flood Zones in Waterstone
Waterstone's interior lots carry little flood exposure; its lakefront is another matter. All 18 lakefront lots touch a FEMA special flood hazard area, along with 10 interior ones. Using the 2025 millage of 16.3894, a buyer's property tax before exemptions runs roughly $21,000 to $36,000 a year for the middle half of homes. Schools are assigned by address, which Find My School confirms.
Selling in Waterstone
Your price should come from Waterstone sales of the same type, interior or lakefront, and similar age. We show you those sales, explain how we'd adjust for older nearby communities if we need them, and help you document updates for buyers and appraisers.
See the Windermere neighborhood comparison for more.
The Own Luxury Homes® Perspective
In Waterstone, newer construction is worth more than extra land.
Waterstone's interior homes, mostly built in the 2010s on median lots of 0.44 acres, carry a median 2026 county value of $1,588,442. Tildens Grove, a few years older, has interior homes on lots of about 0.56 acres valued at a median of $1,231,085.
West of Lake Butler, a decade of newer construction outweighs a larger lot in county values. If you're choosing between them, decide whether you'd rather pay for age or for land; if you're selling a Waterstone home, show buyers exactly what its newer construction saves them.
Waterstone Questions
When was Waterstone built?
County records show homes built from 2010 to 2024, with 36 in 2015 or later.
Which Waterstone homes are on the water?
Eighteen: twelve on Lake Butler and six on Lake Estes, on lots of about two acres at the median.
How does Waterstone compare with older nearby communities?
Its interior homes are newer and on smaller lots, with higher 2026 county values than nearby 2000s communities like Tildens Grove.
A Private, More Intentional Beginning
Tell us about your decision
Tell us what you are buying or selling, where, the approximate price range, your timing, and what matters most.
Speak with a local real estate professional.
Discuss your goals, the property, the market, and the questions that will help you decide how to proceed.
Choose your next step.
Take the time you need. There is no obligation to move forward.
Sources:
Orange County GIS, parcel data (2026 tax roll); Orange County GIS, recorded subdivision plats; Orange County GIS, hydrology (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®