$399,000

Emeralda Island Road

Leesburg, FL 34788

Active

Baths

Acres

◆10 acres◆$1/sqft

Land

Property type

435,600 sqft

Lot size

Price / sq ft

No HOA

HOA dues

704

Days on market

Flood zone

About this home

10 ACRES…absolutely the best property in the area! Highly elevated located near the preserve…No HOA!! This property has access on Paved Emeralda Island Road additional access from the Dirt Road Cougar Lane!! Enjoy lots of wildlife to include birds of all kind and deer roaming the grounds…yet minutes to town!

Local Insight

At $1 per square foot for 10 acres in Leesburg's desirable waterfront area, this is genuinely cheap land—you're looking at roughly half the median home price just for raw acreage, which makes it worth serious scrutiny for development or long-term holding. The catch is you're buying unimproved land outside the walkable downtown core, so you'd need to factor in site prep, utilities, and permitting costs before any construction, plus confirm what's actually zoned and allowed on Emeralda Island Road. If you're banking on the Lake Harris waterfront revival and young professional influx driving values up, this could be a smart entry point—but verify flood insurance requirements and access/infrastructure status first, since "Flood Zone X" is technically low-risk, but island properties can have other surprises.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$2,018

Property taxes$214

Home insurance (est.)$183

Down payment

20%

$79,800 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history704 days on market

Status: Active
Apr 25, 2024
Listed$549,000
Apr 25, 2024
Price reduced$399,000

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Facts & features

Property type: Land
Status: Active
Days on market: 704
County: Lake
Price/sq ft: $1
Lot size: 435,600 sq ft
Lot category: 10 to less than 20
Flood zone: X
Annual taxes: $2,572 (2023)
Parcel #: 09-18-25-0002-000-00500
Zoning: A
MLS #: G5080852

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HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash, Conventional
Ownership: Fee Simple

Exterior & Construction

Road surface: Paved

Utilities

Sewer: Septic Needed
Water source: Well Required
Utilities: Electricity Available

Listing Details

Listing date: 2024-04-25
On market date: 2024-04-25
Original list price: $549,000
MLS area: 34788 - Leesburg / Haines Creek
Listing AOR: Lake and Sumter
Status changed: 2024-04-25
Tax legal description: S 1/2 OF N 1/2 OF NW 1/4 OF NW 1/4 ORB 3942 PGS 27 29 & 31

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From Eustis Intersection of 19 & 452, Go north on 452, Approx 9 miles, left on Emeralda Island Rd., Go 2.4 miles to property on left.

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Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of March 30, 2026 at 11:27 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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