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$330,000

4020 Magnolia Drive

Leesburg, FL 34748

Listing updated: September 25, 2026 at 8:46 AM ET

Active
Stellar MLSListing courtesy of The Shugan Group Inc · Elliot Shugan · MLS #O6444187 · Active · 407-755-7588
5
Beds
3
Baths
2,854
Sq Ft
0.58
Acres
1966
Built
◆In-law suite◆$116/sqft
Single Family Residence

Property type

1966

Year built

25,064 sqft

Lot size

$116

Price / sq ft

No HOA

HOA dues

0

Days on market

X

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

Principal & interest$1,669
Property taxes$159
Home insurance (est.)$151

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

  1. Status: Active
    Sep 25, 2026
  2. Listed$330,000
    Sep 25, 2026
  3. 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

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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

ElementaryCLeesburg ElementaryGreatSchools ↗
MiddleOak Park MiddleGreatSchools ↗
High SchoolCLeesburg HighGreatSchools ↗

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

RoomLevelDimensions
Living RoomFirst12x21
Dining RoomFirst10x13
KitchenFirst10x11
Primary BedroomFirst17x14
Bedroom 2First12x11
Bedroom 3First12x12
Bedroom 4First12x12
LaundryFirst6x12

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 riskFEMA Zone XPanel 12069C0320E

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.

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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 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