Lady Lake and Water Oak #2 (development)

Most agree that the presence of Water Oak and The Villages has handsomely benefited the town financially since tax revenues have increased significantly, providing more resources for services to local residents. A look at the history of the town's annual tax revenues show an enormous increase in 1977—the year when the new developments began to take off. Currently, the annual tax revenues for Lady Lake exceed $3 million which is an incredible leap from earlier decades when the town's tax revenues rarely exceeded $300.

Moreover, The Villages and Water Oak Estates have created jobs and economic growth, contributed to local charities, aided volunteer organizations and assisted youth groups.

Leesburg, the largest city in Lake County, also the oldest city is located next to Lady Lake. As of 2005, the population (19,086) recorded by the U.S. Census Bureau.