What's Special: South Facing Patio | Loft | White Cabinets. New Construction – Ready Now! Built by Taylor Morrison, America’s Most Trusted Homebuilder. Welcome to The Elm at 7351 Capstone Drive in Waterstone. This beautiful two-story home offers 2,271 sq. ft. of thoughtfully designed living space. This open-concept home features 4 bedrooms, 2.5 bathrooms, a versatile loft, and a 2-car garage. Step inside to a welcoming foyer that leads to a spacious great room, dining area, and stylish kitchen, with a convenient half-bath nearby. Upstairs, a bright loft anchors three secondary bedrooms and a full bath, while your private primary suite offers a spa-like retreat with dual vanity sinks, a walk-in shower, and a generous closet. A covered patio extends your living space outdoors, perfect for soaking up the Florida sunshine! New single-family homes are now selling at Waterstone! Spanning over 400 acres, Waterstone seamlessly flows into the natural landscape of Groveland, Florida, just minutes from Clermont. Surrounded by the rolling hills of Lake County, residents can also enjoy nearby lakes including Cherry Lake and Lake Minneola. This community's premier location, on Villa City Road, offers convenient access to the Western Beltway, Florida’s Turnpike and State Roads 50 and 19. At home, you have access to the planned amenities including a pool, cabana, dog park, Nature Play Space and numerous National Wildlife Federation Monarch Butterfly Gardens. Design highlights added include: 2" faux wood blinds, side by side refrigerator and washer and dryer. MLS#O6285632
New construction
$384,104
7351 Capstone Dr, Groveland, FL 34736
4beds
2,271sqft
Est.:
Single Family Residence
Built in 2025
5,941 Square Feet Lot
$-- Zestimate®
$169/sqft
$117/mo HOA
What's special
Versatile loftBright loftOpen-concept homeStylish kitchenSpacious great roomWalk-in showerCovered patio
- 397 days |
- 177 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: March 29, 2026 at 01:07pm
Listing Provided by:
Michelle Campbell 407-756-5025,
TAYLOR MORRISON REALTY OF FLORIDA INC
Source: Stellar MLS,MLS#: O6285632
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Utility Room
Primary bedroom
- Features: Walk-In Closet(s)
- Level: Second
Bedroom 2
- Features: Built-in Closet
- Level: Second
Bedroom 3
- Features: Built-in Closet
- Level: Second
Bathroom 4
- Features: Built-in Closet
- Level: Second
Dining room
- Level: First
Great room
- Features: No Closet
- Level: First
Kitchen
- Features: No Closet
- Level: First
Loft
- Level: Second
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Flooring: Carpet, Tile
- Doors: Sliding Doors
- Windows: Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 2,790
- Total interior livable area: 2,271 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,941 Square Feet
Details
- Parcel number: 012224002000023300
- Zoning: RES
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: Yes
- Year built: 2025
Details
- Builder model: ELM
- Builder name: Taylor Morrison
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Natural Gas Connected, Underground Utilities
Community & HOA
Community
- Features: Community Mailbox, Dog Park, Irrigation-Reclaimed Water, Playground, Pool, Sidewalks
- Subdivision: Waterstone
HOA
- Has HOA: Yes
- Amenities included: Playground, Pool
- Services included: Internet, Other
- HOA fee: $117 monthly
- HOA name: Castle Management – Madison Clark
- HOA phone: 954-302-5315
- Pet fee: $0 monthly
Location
- Region: Groveland
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $52,000
- Annual tax amount: $2,614
- Date on market: 2/28/2025
- Cumulative days on market: 178 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved
About the community
Find your flow at Waterstone, a scenic community of new homes for sale in Groveland, FL. Spanning over 400 acres, Waterstone blends beautifully into Lake County's rolling hills and lakes, including Cherry Lake and Lake Minneola! Located on Villa City Road, enjoy easy access to the Western Beltway, Florida's Turnpike and State Roads 50 and 19. At home, relax and enjoy amenities including a pool, cabana, dog park, Nature Play Space and Monarch Butterfly Gardens certified by the National Wildlife Federation. Inside, find open-concept floor plans, spacious great rooms, and one- and two-car garages, plus classic craftsman exteriors.
Discover more reasons to love our new home community below.
7677 Gemstone Street, Groveland, FL 34736
Source: Taylor Morrison
11 homes in this community
Available homes
| Listing | Price | Bed / bath | Status |
|---|---|---|---|
Current home: 7351 Capstone Dr | $384,104 | 4 bed / 3 bath | Available |
| 7673 Gemstone St | $415,000 | 4 bed / 3 bath | Move-in ready |
| 362 Cornerstone Dr | $344,774 | 3 bed / 2 bath | Available |
| 7677 Gemstone St | $355,000 | 3 bed / 3 bath | Available |
| 204 Streamwater Way | $391,839 | 4 bed / 2 bath | Available |
| 313 Cornerstone Dr | $398,279 | 5 bed / 3 bath | Available |
| 7397 Capstone Dr | $405,987 | 5 bed / 4 bath | Available |
| 200 Streamwater Way | $416,234 | 4 bed / 3 bath | Available |
| 7492 Sandstone Dr | $441,309 | 4 bed / 3 bath | Available |
| 217 Streamwater Way | $373,239 | 4 bed / 2 bath | Pending |
| 7451 Sandstone Dr | $384,749 | 5 bed / 3 bath | Pending |
Source: Taylor Morrison
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Learn how to advertise your homesEstimated market value
Not available
Estimated sales range
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Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Price change | $384,104+0.3%$169/sqft |
Source:  Stellar MLS #O6285632 Report a problem | ||
| 11/23/2025 | Price change | $383,104-6.6%$169/sqft |
Source:  Taylor Morrison Report a problem | ||
| 4/19/2025 | Pending sale | $410,164$181/sqft |
Source: Stellar MLS #O6285632 Report a problem | ||
| 2/28/2025 | Listed for sale | $410,164$181/sqft |
Source: Stellar MLS #O6285632 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,614 | $52,000 |
Find assessor info on the county website
BuyAbility℠ payment
Neighborhood: 34736
Nearby schools
GreatSchools rating
- 2/10Groveland Elementary SchoolGrades: PK-5Distance: 3.4 mi
- 4/10Gray Middle SchoolGrades: 6-8Distance: 2.9 mi
- 4/10South Lake High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the MLS
- Elementary: Groveland Elem
- Middle: Gray Middle
- High: South Lake High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
