W OAK TERRACE DR, Leesburg, FL 34748
W OAK TERRACE DR, Leesburg, FL 34748
W OAK TERRACE DR, Leesburg, FL 34748
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$475,000
Est. payment /mo
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2.68 Acres Lot
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W OAK TERRACE DR Leesburg, FL 34748

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Morgan Ellis

Morgan Ellis

+1(727) 521-7378

UPDATED:

Key Details

Property Type Multi-Family, Multi Unit, Duplex/Multi Unit Lot

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Leesburg N C Lee Estate

MLS Listing ID G5116812

HOA Y/N No

Annual Tax Amount $10,484

Lot Size 2.680 Acres

Acres 2.68

Lot Dimensions 424x276

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

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

State FL

County Lake

Community Leesburg N C Lee Estate

Area 34748 - Leesburg

Zoning R-3

Exterior

Utilities Available Sewer Nearby, Water Nearby

View Y/N No

Water Access No

Building

Lot Size Range 2 to less than 5

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5116812

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Jonathan Martin CARLINO REAL ESTATE GROUP INC

NEARBY SCHOOLS & PROPERTIES

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Morgan Ellis

Morgan Ellis

Broker | License ID: BK3246748

+1(727) 521-7378

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W OAK TERRACE DR