$475,000
Oak Terrace Drive
Leesburg, FL 34748
Listing updated: August 23, 2026 at 1:01 AM ET
Listing courtesy of Carlino Real Estate Group Inc · Jonathan Martin · MLS #G5116812 · Active · 352-326-2662Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
This prime 2.68-acre Zoned R-3/High-Density Residential with 424 +/- feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi-family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48-unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!
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 history0 days on market
- Status: ActiveAug 22, 2026
- Listed$475,000Aug 22, 2026
- Price increased$475,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 0
- Subdivision
- Leesburg N C Lee Estate
- County
- Lake
- Price/sq ft
- $4
- Lot size
- 116,741 sq ft
- Lot category
- 2 to less than 5
- Flood zone
- X (12069C0309E)
- Annual taxes
- $10,484 (2024)
- Parcel #
- 23-19-24-1100-000-00443
- Zoning
- R-3
- MLS #
- G5116812
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Sewer Nearby, Water Nearby
Listing Details
- Listing date
- 2026-08-22
- On market date
- 2026-08-22
- Original list price
- $475,000
- MLS area
- 34748 - Leesburg
- Listing AOR
- Lake and Sumter
- Status changed
- 2026-08-22
- Tax legal description
- LEESBURG N C LEE ESTATE E 455 FT OF W 1367.05 FT OF LOT 4--LESS S 280 FT & LESS W 30 FT FOR RD R/W--PB 1 PG 75 ORB 4883 PG 1295
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
From the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr.
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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 August 23, 2026 at 1:01 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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