500 Newell Hill Road, FL500 Newell Hill Road, FL500 Newell Hill Road, FL
Stellar MLS
1 / 45

$50,000

500 Newell Hill Road

Leesburg, FL 34748

Listing updated: June 5, 2026 at 10:51 PM ET

Active
Stellar MLSListing courtesy of Professional Real Estate Team · Diana Perez · MLS #S5140606 · Active · 407-483-4964
2
Beds
2
Baths
1,134
Sq Ft
0.03
Acres
1979
Built
55+ community$44/sqft360° tour
Condominium

Property type

1979

Year built

1,384 sqft

Lot size

$44

Price / sq ft

$870/mo

HOA dues

151

Days on market

X

Flood zone

About this home

New Roof!! Welcome to this cozy and well-maintained 2-bedroom, 2-bath condo located in a 55+ community. This second-floor unit features a private entry, convenient parking, and no neighbors above for added privacy. The interior has been freshly painted and includes an enclosed porch a perfect for relaxing and enjoying the Florida lifestyle. Chesterbrook Condo offers excellent amenities, including a clubhouse, community pool, and shuffleboard. The HOA covers water, sewer, garbage, and cable, making for easy, low-maintenance living. Centrally located near shopping, dining, entertainment, and medical facilities, with a bus stop conveniently located within the community for easy access to daily needs. Enjoy!

Local Insight

At $44/sqft in a 55+ community, this 1979 condo is priced well below Leesburg's median home price, but the $870 monthly HOA is substantial and should be weighed against that apparent bargain—you're essentially paying $10,440 annually just for common area maintenance on a property that old. The location near downtown's antique district and Lake Harris access is a genuine plus if waterfront recreation and walkable amenities matter to you, but at 1,134 sqft on 0.03 acres in a dense condo community, you're not getting land value or privacy, so make sure the lifestyle fits before treating this purely as a numbers play.

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

Estimated monthly payment

Principal & interest$253
Property taxes$87
Home insurance (est.)$23
HOA dues$870

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 history151 days on market

  1. Status: Active
    Jan 29, 2026
  2. Listed$80,000
    Dec 23, 2025
  3. Price reduced$50,000

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
151
Subdivision
Chesterbrook 2 Condo
County
Lake
Year built
1979
Living area
1,134 sq ft
Price/sq ft
$44
Building area
1,372 sq ft (Public Records)
Lot size
1,384 sq ft
Lot category
0 to less than 1/4
Flood zone
X
Annual taxes
$1,049 (2025)
Parcel #
24-19-24-0090-106-00D00
Zoning
R-2
MLS #
S5140606

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Interior Details

Bedrooms
2
Full bathrooms
2
Flooring
Carpet, Luxury Vinyl
Appliances
Other
Interior features
Other
Laundry
Inside
Stories / Levels
One
Direction faces
Northeast

Heating & Cooling

Heating
Electric
Cooling
Central Air

HOA & Financial

HOA fee
$870 / Monthly
Monthly HOA
$870/mo
Total monthly fees
$870/mo
Total annual fees
$10,440
HOA name
Chesterbrook of Leesburg Condominium Association,
CDD
No
Min lease term
6 Months
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Buyer and buyer's agent are responsible for verifying any and all applicable HOA/County restrictions.
Approval process
Buyer and buyer's agent are responsible for verifying any and all applicable HOA/County restrictions.

Exterior & Construction

Exterior features
Balcony, Lighting, Other, Sidewalk, Sliding Doors, Storage
Construction materials
Stucco, Frame
Roof
Shingle
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Available, Other, Water Available

Community

Pets allowed
Breed Restrictions
Senior community
Yes

Room Details

RoomLevelDimensions
KitchenFirst12x10
Dining RoomFirst10x10
Primary BedroomFirst
Living RoomFirst14x12
Bedroom 2First10x10
Primary BedroomFirst12x12

Listing Details

Listing date
2025-12-22
On market date
2025-12-23
Original list price
$80,000
Occupant type
Vacant
Special conditions
Real Estate Owned
MLS area
34748 - Leesburg
Listing AOR
Osceola
Status changed
2026-01-29
Tax legal description
LEESBURG CHESTERBROOK TWO CONDOMINIUM PHASE ONE UNIT D-106 CB 1 PG 46 ORB 5697 PG 741

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

Get on Florida's Tpke in Buena Ventura Lakes from W Oak St and Michigan Ave. Follow Florida's Tpke to US-27 N in Groveland. Exit from Florida's Tpke. Continue on US-27 N to your destination in Leesburg.

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MLS GRID

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 June 5, 2026 at 10:51 PM 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA