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$2,000,000

1023 Mellathon Circle

Leesburg, FL 34748

Listing updated: June 23, 2026 at 9:49 AM ET

Active

Listing courtesy of Optima One Realty, Inc. · Tony Stanley · MLS #G5114003 · Active · 352-243-6784

Beds

Baths

5,111

Sq Ft

0.83

Acres

1927

Built

◆Waterfront◆Water access◆In-law suite◆$391/sqft

Single Family Residence

Property type

1927

Year built

36,154 sqft

Lot size

$391

Price / sq ft

No HOA

HOA dues

Days on market

Garage spaces

X/AE

Flood zone

About this home

Welcome to Paradise on Lake Harris, an extraordinary lakefront estate in Leesburg offering elevated waterfront living, multigenerational flexibility, and income-producing potential. Completely reimagined from a single-story residence into a breathtaking two-story retreat, the main home was designed to capture sweeping Lake Harris views from the moment you arrive. Inside, refined architectural details include cedar plank ceilings, a floating staircase, waterfall granite counters, a butler’s pantry, and beautifully curated living spaces that blend luxury with comfort. The private second-story primary retreat is a true sanctuary, featuring a balcony overlooking Lake Harris and the peaceful beauty of Central Florida lake living. With 6 bedrooms and 4.5 baths in the main residence, plus four separate apartment units that can each comfortably sleep 4 or more, this rare property offers remarkable versatility. Create a private family compound, host extended guests with ease, or explore short-term rental and Airbnb income potential. Located on sought-after Lake Harris, part of the Harris Chain of Lakes, this estate delivers the lifestyle buyers dream of: boating, fishing, sunset views, lakeside entertaining, and space for generations to gather. A rare opportunity to own a luxury waterfront estate where everyday living feels like a private resort.

Local Insight

At $2M for an 11-bedroom 1927 waterfront home, you're paying a significant premium over the local luxury market ceiling ($750K–$2M range), which means this property needs to deliver something genuinely exceptional—and at nearly 100 years old with mixed flood zoning (X/AE), you'll want a thorough structural inspection and clarity on insurance costs before proceeding. The in-law suite and sheer bedroom count suggest conversion or rental potential, but that only works if the bones are solid and the Lake Harris waterfront location justifies the asking price relative to comparable estates in the area. This feels like a listing where the historic character and water access are the main selling points, so be prepared to pay accordingly—or negotiate hard if significant updates are needed.

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

Estimated monthly payment

Principal & interest$10,113

Property taxes$1,009

Home insurance (est.)$917

Down payment

20%

$400,000 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 history0 days on market

Status: Active
Jun 23, 2026
Listed$2,000,000
Jun 23, 2026
Price increased$2,000,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 0
Subdivision: Leesburg East Leesburg
County: Lake
Year built: 1927
Living area: 5,111 sq ft
Price/sq ft: $391
Building area: 6,228 sq ft (Public Records)
Lot size: 36,154 sq ft
Lot category: 1/2 to less than 1
Flood zone: X/AE
Garage: 2 spaces
Annual taxes: $12,109 (2025)
Parcel #: 25-19-24-0400-139-00001
Zoning: R-1A
MLS #: G5114003

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Interior Details

Bedrooms: 11
Full bathrooms: 8
Half bathrooms: 1
Flooring: Ceramic Tile, Luxury Vinyl
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Interior features: Ceiling Fans(s), Crown Molding, Dry Bar, High Ceilings, Open Floorplan, PrimaryBedroom Upstairs, Stone Counters, Walk-In Closet(s), Window Treatments
Laundry: Inside, Laundry Closet, Laundry Room
Stories / Levels: Multi/Split
Direction faces: North
In-law suite: Yes

Heating & Cooling

Heating: Central
Cooling: Central Air

Parking

Garage spaces: 2
Attached garage: No
Parking features: Parking Pad, RV Access/Parking
Carport: Yes

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Min lease term: No Minimum
Listing terms: Cash, Conventional
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: 4 unit building must obtain a permit to be legally used as short term rental.

Exterior & Construction

Exterior features: Balcony, French Doors, Lighting, Rain Gutters
Construction materials: Block, Brick, Metal Frame, Stucco, Frame
Roof: Shingle
Foundation: Crawlspace
Waterfront: Yes
Water access: Yes
Water view: Yes
Road surface: Paved

Utilities

Sewer: Septic Tank
Water source: Public
Utilities: BB/HS Internet Available

Room Details

Room	Level	Dimensions
Kitchen	First
Living Room	First
Primary Bedroom	Second

Listing Details

Listing date: 2026-06-23
On market date: 2026-06-23
Original list price: $2,000,000
Occupant type: Owner
MLS area: 34748 - Leesburg
Listing AOR: Lake and Sumter
Status changed: 2026-06-23
Tax legal description: LEESBURG EAST LEESBURG FROM NW COR OF LOT 18 BLK 108 RUN S 0-17-0 E 185 FT N 89-54-30 W 407.40 FT FOR POB RUN S 03-32-09 E 76.50 FT S 84-17-30 E 5.11 FT S 05-42-30 W 182 FT TO A POINT ON N'LY WATERS EDGE OF LAKE HARRIS & PT A RETURN TO POB RUN N 89-5 4-30 W 144.77 FT S 0-45-20 W 242.50 FT TO N'LY WATERS EDGE OF LAKE HARRIS E'LY ALONG SAID N'LY WATERS EDGE OF LAKE HARRIS TO PT A PB 1 PG 69 ORB 6484 PG 1605

Flood risk

Zone X/AEFEMA Zone X/AE

See FEMA for this zone’s designation and insurance requirements.

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

Location

Directions

Dixie to Lakeview Street then Right on Mellathon

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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 23, 2026 at 9:49 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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