Find Blue Lake Estate Homes For Sale. Search Blue Lake Estate Real Estate Listings, Foreclosures, Bank Owned Homes & more! Blue Lake Estates is a Gated Waterfront Community located in Eustis FL off of State Road 44. Blue Lake Estates in Eustis, FL is one of Lake County's newest neighborhoods. It is a gated community located in the heart of Florida on quiet State Road 44; minutes from Apopka, Leesburg, Sorrento, Lake Mary, Tavares, and Mount Dora. This great location provides quick and easy access to all the important sites in Central Florida as well as both coasts. For additional information, call Shawan Pettigrew@ (352) 478- 4300.