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W OAK TERRACE DRIVE

Lots/Land For Sale
$475,000

BTC: 5.54129725

ETH: 179.24528302

43 days
0 room(s)

Overview

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!

Location

Florida • LEESBURG • 34748 • Lots/Land • For Sale

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
2.68 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$139,500
$63K – $563K
Confidence Low
List vs. estimate
$335K above estimate
List $475,000 · +240.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,484
2024
All facts and features

  • Lot

    • Lot: 2.68 Acres

    Other Property Information

    • Parcel Number: 231924110000000443

    • Zoning: R-3

  • Type and style

    • Property Type: Land

  • Utility

    • Sewer Nearby

    • Water Nearby

  • Other financial information

    • Annual tax amount: $10,484

  • Source details

    • MLS ID: G5116812

    Other facts

    • Water Source: Public

    • Lot Size Dimensions: 424 x 276

    • Subdivision Name: LEESBURG N C LEE ESTATE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34748
557
median $289K
Active
Same city
LEESBURG
720
median $289K
Active
Same type
Lots/Land
82
median $271K
Active
Similar price
$332K – $617K
200
median $385K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CARLINO REAL ESTATE GROUP INC