$500,000
643 Oak Terrace Drive
Leesburg, FL 34748
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Under contract-accepting backup offers. Excellent investment opportunity in one of Florida's fastest growing counties! This well-established, income-producing property includes four 2BR/2BA condos (approx. 1,089 sq. ft. each). The units feature a spacious split-bedroom floor plan, private screened patios, and in-unit washer/dryer hookups. The HOA provides low-maintenance ownership covering exterior walls and roof maintenance, lawn care, and common area insurance. Each unit is assigned an onsite parking space and there are 4 open unassigned spaces. The property location is a significant asset, benefiting from its proximity to Beacon College, UF Hospital, public transportation and historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Gardens Park on Lake Harris. Lake County ranks as one of Florida's most rapidly expanding counties, with considerable population growth in recent years that has increased the need for rental units and affordable housing. This is an excellent opportunity for an investor seeking consistent rental income from all four units or an owner-occupant looking to live in one unit and receive income from the remaining three units. Don't miss this turnkey multi-unit opportunity.
Estimated monthly payment
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 history86 days on market
- Status: PendingMay 14, 2026
- Listed$500,000Jan 24, 2026
- Price increased$500,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Pending
- Days on market
- 86
- Subdivision
- Leesburg Village Square Leesburg Condo
- County
- Lake
- Year built
- 1980
- Living area
- 4,356 sq ft
- Price/sq ft
- $115
- Lot size
- 551 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12069C0309E)
- Annual taxes
- $1,068 (2025)
- Parcel #
- 23-19-24-1630-000-0030B
- Zoning
- R-2
- MLS #
- G5107035
Interior Details
- Bedrooms
- 8
- Interior features
- Other
- Laundry
- Laundry Closet
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- HOA fee
- $1,312 / Monthly
- Monthly HOA
- $1,312/mo
- Total monthly fees
- $1,312/mo
- Total annual fees
- $15,744
- HOA name
- Villages Square Of Leesburg Co
- CDD
- No
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Fence
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- Yes
Listing Details
- Listing date
- 2026-01-24
- On market date
- 2026-01-24
- Original list price
- $500,000
- MLS area
- 34748 - Leesburg
- Listing AOR
- Lake and Sumter
- Status changed
- 2026-05-14
- Tax legal description
- LEESBURG VILLAGE SQUARE OF LEESBURG CONDOMINIUM UNIT 3-B & 1/8 INT IN COMMON PROPERTY (ORB 714 PG 1076) ORB 4924 PG 324
Flood risk
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
North on Lee Street from the traffic light on U.S. Hwy 441 (North Blvd), to West Oak Terr Drive. Turn East on West Oak Terr Dr. Property on the right side.
More homes like this
$349,000
27143 Roanoke Dr
Leesburg, FL 34748
3 bd · 2 ba · 1,699 sqft
Arlington Ridge
MLS# G5106223
$329,000
31824 Whitney Rd
Leesburg, FL 34748
5.81 acres
MLS# G5113194
$381,900
7521 Sloewood Dr
Leesburg, FL 34748
4 bd · 2 ba · 2,330 sqft
Park Hill Ph 2
MLS# O6411802
$750,000
1549 Lewis Rd
Fruitland Park, FL 34731
4 bd · 3 ba · 3,060 sqft
Wingspread Fruitland Park
MLS# O6412455
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 May 31, 2026 at 9:04 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