New Construction – Ready Now! Built by Taylor Morrison, America’s Most Trusted Homebuilder. Welcome to the Elm at 7331 Capstone Drive in Waterstone! This beautiful two-story home offers an open-concept design perfect for modern living. The first floor features a welcoming foyer, great room, dining area, kitchen, and a convenient half bath. Upstairs, you’ll find a versatile loft, three secondary bedrooms, a shared full bath, and a laundry room. The spacious primary suite includes a luxurious bath with dual sinks, a walk-in shower, and a generous walk-in closet. Enjoy indoor-outdoor living on the patio, ideal for soaking up Florida’s sunshine. New single-family homes are now selling at Waterstone! This 400-acre community blends with Groveland’s natural beauty and is just minutes from Clermont. Residents enjoy access to planned amenities like a pool, cabana, dog park, Nature Play Space, and Monarch Butterfly Gardens, plus nearby lakes and easy access to major highways. Additional Highlights Include: Whole house blinds. MLS#O6342748
New construction
Special offer
$375,000
7331 Capstone Dr, Groveland, FL 34736
4beds
2,271sqft
Single Family Residence
Built in 2025
5,945 Square Feet Lot
$-- Zestimate®
$165/sqft
$113/mo HOA
What's special
Versatile loftGreat roomSpacious primary suiteConvenient half bathOpen-concept designDining areaWalk-in shower
Call: (352) 818-4838
- 11 days
- on Zillow |
- 156 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: September 18, 2025 at 10:01am
Listing Provided by:
Michelle Campbell 407-756-5025,
TAYLOR MORRISON REALTY OF FLORIDA INC
Source: Stellar MLS,MLS#: O6342748
Originating MLS: Orlando Regional

Travel times
Schedule tour
Select your preferred tour type — either in-person or real-time video tour — then discuss available options with the builder representative you're connected with.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Utility Room, Loft
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
Bedroom 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: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Exterior features: Irrigation System
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Size: 5,945 Square Feet
Details
- Parcel number: NALOT238
- 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
- Subdivision: Waterstone
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $113 monthly
- HOA name: Castle Management – Dean Garrow
- HOA phone: 954-792-6000
- Pet fee: $0 monthly
Location
- Region: Groveland
Financial & listing details
- Price per square foot: $165/sqft
- Date on market: 9/9/2025
- Cumulative days on market: 11 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 into planned 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.
FHA 4.25% / 5.05% APR* plus Zero interest payments for 7 months**
Take advantage of these savings by securing an FHA 30-Year Fixed Rate through Taylor Morrison Home Funding, Inc.Source: Taylor Morrison