LEESBURG, FL 34748 W OAK TERRACE DRIVE

Pending
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Presented By: CARLINO REAL ESTATE GROUP INC with 352-326-2662. - 352-326-2662
  • MLS# G5099161
  • 07/04/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.

Home Details

Under contract-accepting backup offers. 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!
Presented By: CARLINO REAL ESTATE GROUP INC with 352-326-2662. - 352-326-2662

Interior Features for W OAK TERRACE DRIVE

Bathrooms

Total Baths

General for W OAK TERRACE DRIVE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Cityleesburg
Countylake
Directionsfrom 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.
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptionleesburg 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
Listing Termscash, conventional
Living Area Unitssquare feet
Lot Size Square Feet116741
Lot Size Unitsacres
MLS Area34748 - leesburg
ModificationTimestamp2025-10-29t13:58:43.393z
Ownershipfee simple
Property Typeland
Sewerpublic sewer
Standard Statuspending
Statuspending
Subdivision Nameleesburg n c lee estate
Tax Annual Amount10484
Tax Lot4
Tax Year2024
Utilitiessewer nearby, water nearby
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Zoningr-3

Exterior for W OAK TERRACE DRIVE

Lot Dimensions424 x 276
Lot Size Acres2.68
Lot Size Area2.68
Road Frontage Typecity street
Road Surface Typeasphalt
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $545,000
MLS#G5099161
List Date 07/04/2025
Property Type Pending
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