Park Square Homes Lake Nona: Water's Edge on the Lake

There are exactly two neighborhoods with homes on Lake Nona itself. One is the country club. Park Square built the other one.

By David Myers, Broker Associate · NonaOrlandoProperties.com · Last updated August 2026

Park Square Homes built both single-family homes and townhomes in Water's Edge, the gated neighborhood on the shores of Lake Nona inside Northlake Park, alongside Ryland Homes. Lake Nona is a private ski lake with no public boat ramp, and Water's Edge is one of only two residential neighborhoods on it, the other being the Lake Nona Golf & Country Club. Water's Edge has more than 400 homes built between 2007 and 2015 and was named Community of the Year by the Home Builders Association of Metro Orlando in 2016. Park Square Homes was founded in Orlando in the mid-1980s by Braham Aggarwal, his son-in-law Suresh Gupta and a third partner, Anil Deshpande. The family came to Orlando from England intending to build hotels. It remains privately held, family owned across three generations, and headquartered in Orlando.

Most of what distinguishes a Lake Nona neighborhood can be replicated. Another builder can put up a nicer clubhouse, a bigger pool, a better trail. What cannot be replicated is a shoreline, and Lake Nona — the actual lake the whole area is named after — has almost none of it available.

It is a private ski lake with no public boat ramp. Two residential neighborhoods sit on it. One is the Lake Nona Golf & Country Club. The other is Water's Edge, and Park Square Homes built it. That is the entire reason this builder deserves more than a line on the builders list.

Which Lake Nona neighborhoods did Park Square build?

One: Water's Edge, the gated neighborhood inside Northlake Park, where Park Square built both single-family homes and townhomes alongside Ryland Homes.

Park Square did not build in the wider Northlake Park neighborhood — that was a different group of builders, working earlier. Water's Edge is the newest neighborhood inside Northlake Park and the only part of it Park Square worked on.

Who is Park Square, and why is it unlike anyone else here?

It is the only independent, Orlando-founded, family-owned builder on the Lake Nona list — and the family came here to build hotels.

Braham Aggarwal, his son-in-law Suresh Gupta, and a third partner, Anil Deshpande, started the company in Orlando in the mid-1980s. The family had come from England. Gupta was born in Mombasa, Kenya, studied accounting in the United Kingdom, and arrived in the United States in 1984. Their original plan was hotels — Orlando in the early 1980s was building hotels for Disney at a furious pace — and they decided to do something different instead.

Forty-odd years later it is still private, still family owned, and now run across three generations, with Vishaal Gupta leading the homebuilding company. It has built thousands of homes across Orange, Osceola, Seminole, Lake, Polk and other Central Florida counties, ranks among Builder magazine's top 100 builders nationally, and is consistently among the largest privately held builders in the region.

The product range is unusually wide as a result. Park Square builds starter homes at one end and, in the vacation-home corridor near the attractions, resort houses with as many as fifteen bedrooms at the other. That breadth is possible precisely because nobody has to explain it to shareholders every ninety days.

Why is Water's Edge the only way onto Lake Nona?

Because the lake is private, there is no public ramp, and only two neighborhoods touch it.

This is the fact that buyers most often do not know and that most changes the calculation. Lake Nona is a private ski lake. You cannot trailer a boat to a public ramp and put it in. Access comes with an address.

The Lake Nona Golf & Country Club is one of the two addresses that provides it, at country club pricing behind a country club membership. Water's Edge is the other, and it comes with a private boat ramp, a fishing pier and a boat storage area for residents.

That makes Water's Edge the only non-country-club way to keep a boat on Lake Nona. In a market where nearly everything else can be matched by the next neighborhood over, that is a genuinely scarce and permanent advantage — nobody is making more shoreline.

Worth being precise about what it does and does not mean. Lake access is not the same as lake frontage. The estate homes that actually front the lake are a small, expensive subset, and they were mainly built by custom builders rather than by Park Square. Most Water's Edge homes are inland with community access to the water, which is the more affordable and more common version of the proposition. Confirm which one you are buying.

What is actually inside Water's Edge?

Three tiers of housing, private amenities, and the wider Northlake Park package on top — including a free YMCA membership.

The housing runs from townhomes of roughly 1,300 to 1,600 square feet with one-car garages, through single-family homes of roughly 1,800 to 4,400 square feet, up to the custom-built estate homes on the lake in the 5,000 to 7,000 square foot range. The architecture is consistent: front porches, colonial-style windows, a deliberately traditional look. Construction ran 2007 to 2015.

Private amenities include the gated and guarded entry, a pool, a clubhouse, a gym, tennis, and the boat ramp, fishing pier and boat storage. On top of that, Water's Edge residents get the Northlake Park amenities: nature trails, tennis and basketball courts, a dog park, sports fields, Northlake Park Community School built into the Lake Nona YMCA campus, and a YMCA membership that comes with the address.

That layered structure — a gated neighborhood inside a non-gated one, with two sets of amenities — is unusual, and it is why the neighborhood took Community of the Year from the Home Builders Association of Metro Orlando in 2016. Compare it against the rest of the area on the amenities chart.

Who else built in Water's Edge and Northlake Park?

Ryland Homes in Water's Edge, plus several builders across the wider Northlake Park — which matters for warranty questions and for reading comps.

Ryland Homes built single-family homes in Water's Edge, and Ryland no longer exists as a brand: it merged with Standard Pacific in 2015 to form CalAtlantic, and Lennar acquired CalAtlantic in 2018. So if a construction question on a Ryland-built Water's Edge home ever reaches back to the builder, it reaches Lennar. That is the same corporate chain that runs through Eagle Creek.

The wider Northlake Park was built out earlier, roughly 2000 to 2007, by a different group — including Morrison Homes, David Weekley Homes, Cambridge Homes and DiVosta. Morrison Homes is worth pausing on: it merged with Taylor Woodrow in 2007 to become Taylor Morrison. So the Taylor Morrison name in Lake Nona traces back further than its Laureate Park work suggests, through a predecessor company that was building in Northlake Park years before Taylor Morrison existed.

Four distinct neighborhood areas across roughly 500 acres, non-gated, neo-traditional, fully built out and resale only.

So neither name on a listing here tells you much by itself. Get the builder and the year for the specific address, and in Water's Edge get the section too.

What should you check before buying in Water's Edge?

Whether the home is lakefront or lake-access, who built it, the roof age, and what the boat facilities actually allow.

Lakefront versus lake-access first, because it is the largest single price variable here and buyers conflate the two constantly. Get it in writing.

Builder and year next. Park Square and Ryland built to different plan libraries, and the estate homes came from custom builders entirely. Construction ran 2007 to 2015, so the older end of the neighborhood is now approaching twenty years — roofs, air handlers and water heaters are live items, and in Florida's insurance market roof age is a cost, not a footnote. Several listings in the neighborhood already advertise recent roof and system replacements, which tells you where the stock is in its cycle.

Then the boat facilities. Ramp access, pier access and boat storage are governed by association rules, and those rules cover who may use them, what may be stored, for how long, and at what cost. If the boat is why you are buying, read those documents before you write an offer rather than after.

Then the usual: confirm the assessment on the specific parcel rather than trusting a listing remark — our CDD fees explainer covers how — and confirm school zoning for the exact address with our schools guide, since OCPS assignments can change even with a school inside the neighborhood.

Park Square in Lake Nona: pros and cons

What works. Access to a private lake with no public ramp is the rarest thing any Lake Nona neighborhood offers, and it cannot be built somewhere else next year. The layered amenity structure is genuinely strong — private pool, clubhouse, gym and gate, plus the Northlake Park trails, courts and a YMCA membership that comes with the house. Three housing tiers mean you can enter the neighborhood at a townhome price and move up without leaving. The traditional architecture has aged better than a lot of mid-2000s Florida product. And Park Square is an Orlando company, family owned for forty years, which means somebody local is still accountable for the name.

What does not. Homes built 2007 to 2015 are squarely in the roof-and-systems window, and that is the dominant cost question in every transaction here right now. Lakefront is a small and expensive subset, so most buyers are getting access rather than frontage — a real amenity, but not the picture in their head. The boat facilities come with association rules that not everyone reads until after closing. Two production builders plus custom estate homes make the comp set messier than a single-builder neighborhood's. And Park Square is a regional private company with no public filings, so there is less to examine if you want to research the builder before a warranty question arises.

What the neighbors know

The lake is the conversation, and specifically how few people have access to it. Residents are aware that they are in one of two neighborhoods on a private ski lake, and it shows up in how the ramp and the pier get used — these are working amenities, not decorative ones. Evenings on the water are the neighborhood's version of an amenity center.

The other recurring topic is the YMCA. Northlake Park homeowners get membership with the address, and Northlake Park Community School is built into the same campus — an elementary school sharing a site with a YMCA is not something most families have encountered before, and it is the first thing residents mention when someone asks what the neighborhood is like for kids.

Official sources

• About Park Square Homes
• Builder magazine interview with Park Square CEO Suresh Gupta
• Lake Nona: Water's Edge community overview

The inclusion of businesses, individuals, groups, associations, and links on this site does not imply endorsement by the site owner.

Thinking about Water's Edge? I can tell you which homes are actually on the lake versus lake-access, what the association permits at the ramp and boat storage, and where a specific home sits on roof and system age. Call/Text David Myers at 407.801.3286 or use the contact form.

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