$330,000
4020 Magnolia Drive
Leesburg, FL 34748
Listing updated: September 25, 2026 at 8:46 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
BRING YOUR VISION and unleash your HGTV skills on this incredibly spacious 5 BEDROOM, 3 BATHROOM home offering OVER 2,800 SQUARE FEET of living space, OVER HALF AN ACRE +IN-LAW SUITE, and NO HOA! If you've been searching for a home where you can renovate, customize, and truly make it your own, this property is packed with POTENTIAL! With its BLOCK/STUCCO construction, NEWER ROOF (2017), impressive living area, and oversized lot, this home provides a fantastic starting point for the buyer ready to roll up their sleeves and bring their ideas to life. The spacious kitchen offers an abundance of cabinetry, a center island, and an open connection to the dining and living areas, giving you plenty of opportunity to create an incredible gathering and entertaining space. The generously sized primary suite features an enormous approximately 10' x 10' WALK-IN CLOSET, while the additional bedrooms provide plenty of space for family, guests, a home office, or whatever fits your lifestyle. Laundry is located inside for your convenience. Newer electrical panel too! WOW! One of the property's biggest highlights is the separate IN-LAW SUITE! Complete with its own PRIVATE ENTRANCE, KITCHENETTE, FULL BATHROOM, and LIVING SPACE, this flexible area opens the door to MULTIGENERATIONAL LIVING, extended guests, a private home office, or other possibilities depending on a buyer's needs and applicable regulations. And then there's the LAND! Sitting on OVER HALF AN ACRE with a FULLY FENCED YARD and NO HOA, there is an incredible amount of outdoor space to work with. Dreaming of a pool? A workshop? Space for your recreational toys, pets, gardens, or outdoor entertaining? This property gives you ROOM TO DREAM! Yes, this home needs some TLC and updating, but that's exactly where the opportunity lies. With OVER 2,800 SQUARE FEET, a HALF-ACRE+ LOT, flexible IN-LAW SUITE, and NO HOA, the foundation is here to transform this property into something truly special. Come see this majestic home before it is too late. Conveniently located just off Highway 27 and only minutes from shopping, dining, everyday conveniences, and Florida's Turnpike, you'll have plenty of space without sacrificing accessibility. Bring your contractor, your imagination, and your renovation ideas, then come see the POTENTIAL for yourself! Schedule your private showing TODAY!
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: ActiveSep 25, 2026
- Listed$330,000Sep 25, 2026
- Price increased$330,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- Ravenswood Park
- County
- Lake
- Year built
- 1966
- Living area
- 2,854 sq ft
- Price/sq ft
- $116
- Building area
- 3,037 sq ft (Public Records)
- Lot size
- 25,064 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12069C0320E)
- Annual taxes
- $1,908 (2025)
- Parcel #
- 02-20-24-0400-000-02800
- Zoning
- R-6
- MLS #
- O6444187
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Interior Details
- Bedrooms
- 5
- Full bathrooms
- 3
- Flooring
- Carpet, Ceramic Tile, Laminate
- Appliances
- Range, Range Hood, Refrigerator
- Interior features
- Ceiling Fans(s), Thermostat, Walk-In Closet(s)
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- South
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 8-12 Months
- Listing terms
- Cash
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Please confirm any lease restrictions with the county.
Exterior & Construction
- Construction materials
- Block, Brick, Stucco
- Roof
- Shingle
- Foundation
- Crawlspace, Slab
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 12x21 |
| Dining Room | First | 10x13 |
| Kitchen | First | 10x11 |
| Primary Bedroom | First | 17x14 |
| Bedroom 2 | First | 12x11 |
| Bedroom 3 | First | 12x12 |
| Bedroom 4 | First | 12x12 |
| Laundry | First | 6x12 |
Listing Details
- Listing date
- 2026-09-25
- On market date
- 2026-09-25
- Original list price
- $330,000
- Occupant type
- Vacant
- MLS area
- 34748 - Leesburg
- Listing AOR
- Orlando Regional
- Status changed
- 2026-09-25
- Tax legal description
- RAVENSWOOD PARK LOTS 28 29 PB 17 PG 42 ORB 1029 PG 2022
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 Florida's Turnpike North, Take exit 285 toward Leesburg onto US-27 N (US Highway 27). Go for 12 mi. Turn left onto Magnolia Ave and stay to the right, follow the road and the home will be on your left.
More homes like this

$289,000
5137 Desoto Way
Leesburg, FL 34748
3 bd · 2 ba · 1,787 sqft
Plantation At Leesburg Casa Del Lago
MLS ID #O6435619, REALSOURCE PROPERTY MANGNT LLC.
Listing provided by Stellar MLS

$199,900
2906 Ash Dr
Leesburg, FL 34748
2 bd · 3 ba · 1,288 sqft
Royal Oak Estates
MLS ID #G5111365, ERA GRIZZARD REAL ESTATE.
Listing provided by Stellar MLS

$209,900
2948 Tangerine Ct
Leesburg, FL 34748
2 bd · 2 ba · 1,434 sqft
Royal Oak Estates 3rd Add
MLS ID #G5110262, ERA GRIZZARD REAL ESTATE.
Listing provided by Stellar MLS

$334,900
3810 St Emma Ct
Leesburg, FL 34748
3 bd · 4 ba · 2,473 sqft
Plantation/Leesburg Arbordale
MLS ID #O6386925, BURNHAM REALTY LLC.
Listing provided by Stellar MLS
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 September 25, 2026 at 8:46 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA