Lost Lake Homes for Sale
Lennar-built lakefront community with basements and family amenities near area schools.
Homes for sale in Lost Lake
Inside Lost Lake
Lost Lake is an established residential community in Clermont, Florida, encompassing two subdivisions, The Reserve at Lost Lake and Tuscany Ridge-managed under the Lost Lake Residential Property Owners Association. The Reserve at Lost Lake, the larger of the two, comprises 301 homes developed by Lennar beginning in 2003, with construction completed around 2009. Homes range from 2,170 to 4,858 square feet, with one of the subdivision’s signature features being walk-up and walk-down basement homes, some fully finished, a rarity in Central Florida residential development. A smaller component, Tuscany Ridge, adds 34 homes to the POA.
The community’s value proposition centers on affordability, location, and residential amenities. Median home prices hover around $525,000 to $565,000, with recent sales reflecting strong market activity. Monthly HOA assessments for The Reserve at Lost Lake stand at $78.50 as of 2026 (including $58 neighborhood fee and $20.50 for the community pool), among the lowest in the Clermont area. The subdivision features a community pool with a pool house, main playground, tot lot, and a scenic walking path along Eagle Lake accessible from one of three entrances off John’s Lake Road, Citrus Tower Boulevard, and Excalibur Road.
An elementary campus on the subdivision’s south end feeds into middle and high school assignments under Lake County Schools. All three schools are within minutes of residents’ homes. The zoned Lake County Schools high school offers specialized programs including a Health Science Collegiate Academy partnering with South Lake Hospital. Confirm zoning with the district before you make an offer. The area’s schools and proximity to major highways, State Route 50 and U.S. 27 roughly one mile away-support commuters to downtown Orlando (25 miles) while maintaining a suburban, residential atmosphere.
The community draws buyers seeking larger homes at competitive prices within an established, amenity-rich setting. Beyond subdivision amenities, Lost Lake benefits from proximity to Lake Felter Park, multiple golf courses including Kings Ridge Golf Club, and Clermont’s downtown waterfront district roughly four miles northwest. The rolling topography typical of Clermont distinguishes the area from flatter Central Florida alternatives. Current market data shows homes typically selling after 77-87 days, with list-to-sale price ratios around 95-99%, indicating a balanced market and reasonable buyer-seller dynamics for an established community.
The facts
Frequently asked
What is the price range for homes in Lost Lake?
Homes in Lost Lake typically range from $370,000 to $735,000, with a recent median sale price around $525,000-$565,000. The community offers large homes with 2,170 to 4,858 square feet of living space built by Lennar between 2003 and 2013. For current listings and specific availability, contact a Market Connect Realty agent serving the Clermont area.
Is Lost Lake a gated community?
No, Lost Lake is not gated. The Reserve at Lost Lake and Tuscany Ridge operate as open residential communities with three separate entrances for The Reserve off John's Lake Road, Citrus Tower Boulevard, and Excalibur Road. Homes remain accessible to all visitors without entry restrictions.
What schools are zoned for Lost Lake?
Lost Lake residents are zoned to a Pre-K-5 elementary campus, a middle school, and a high school, all within Lake County Schools. All three schools are within a few minutes' drive of the subdivision. The assigned Lake County high school hosts a Health Science Collegiate Academy in partnership with South Lake Hospital, giving students career exploration in STEM and healthcare fields. Zoning is assigned by address rather than by subdivision, so check the specific property with the district.
What are the HOA fees in Lost Lake?
As of 2026, monthly HOA assessments for The Reserve at Lost Lake total $78.50, comprising a $58 neighborhood fee and $20.50 for community pool maintenance. Tuscany Ridge residents pay $58 monthly, excluding pool access. These rates are among the lowest in the Clermont market. Verify current fees with the Lost Lake Residential POA at 800-932-6636.
What amenities does Lost Lake offer?
The Reserve at Lost Lake features a heated community pool with pool house, main playground, tot lot, and scenic walking path along Eagle Lake. Lake Felter Park, adjacent to a Lake County Schools elementary campus, provides tennis and basketball courts plus a baseball diamond. The community's rolling terrain supports outdoor recreation, and nearby Kings Ridge Golf Club is accessible to residents.
How many homes are in Lost Lake?
The Reserve at Lost Lake contains approximately 301 residential homes, while the smaller Tuscany Ridge adds 34 homes, for a total of roughly 335 homes managed by the Lost Lake Residential POA. The Reserve represents a substantial mid-2000s development, making it among Clermont's larger established subdivisions.
Is short-term rental allowed in Lost Lake?
Short-term rental policies are governed by the Lost Lake Residential POA rules and restrictions. Contact the POA directly at communitycare@sentrymgt.com or 800-932-6636 to confirm current rental guidelines, as these policies can vary and may require board approval for specific situations.
What year was Lost Lake developed?
The Reserve at Lost Lake was developed by Lennar beginning in 2003, with primary construction completed around 2009 and final homes delivered by 2013. The community represents mid-2000s suburban development patterns in the fast-growing South Lake area of Lake County.