Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    40200 Emeralda Island Rd Leesburg, FL 34788

    Sponsored
    For Sale
    $374,050

    Residential Land/Boat Docks,Residential, Zoned Residential - Leesburg, FL

    Type:Single Family Residence
    Lot size:
    10.05 Acres
    Days on Market:
    73
    Last Refresh:
    Jan 8 at 4:06 pm

    Property Features for 40200 Emeralda Island Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    10.05 Acres

    Building Details

    Architectural style
    Other

    Boardwalk Realty Associates LLC (404) 849-9050 [email protected]

    Listing agent Philip Tambasco (404) 849-9050 License #3497411

    Listing date Oct 28, 2025

    MLS# F10454676 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leesburg Residential Land Opportunity

    This 10.05-acre property is located directly on a paved road off Emeralda Island Rd in Leesburg, Florida. Zoned residential, the estate offers the flexibility to divide into four 2.5-acre lots, suitable for creating a family compound. The property is ideal for horse enthusiasts, investors, sub-leasing, and farming. It is USDA eligible and features a private, wooded area ready for building. Utilities are available in the area but not on the land itself. There are no deed restrictions or HOA's, and both custom build sites and manufactured homes are welcome. The location provides a quiet, relaxed country setting. It is close to the Ocala National Forest and Emeralda Marsh, offering opportunities for springs, canoeing, fishing, boating, wildlife observation, and hiking on over 10,000 acres of preserve. The property is also conveniently located near city amenities, including entertainment, medical facilities, dining, and shopping. Additionally, it is less than 50 miles from the World Equestrian Center (WEC).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    HVAC Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.819592
    Latitude
    28.937107

    Nearby Similar for Sale

    • $1,295,000
      7,339 SF

      Leesburg Island Multifamily Investment

      Unique island property with diverse income potential near Harris Chain.
      11325 Ocklawaha Dr, Leesburg, FL 34788
      View Details
    • $6,500,000
      Pending

      Leesburg Multifamily Investment Opportunity

      48-unit apartment complex near downtown Leesburg, fully leased by college.
      600 W Oak Terrace Dr, Leesburg, FL 34748
      View Details
    • $2,500,000
      21,883 SF

      Leesburg Mobile Home and RV Park

      Gated 55+ community with expansion potential near city utilities.
      28313 Us Highway 27, Leesburg, FL 34748
      View Details
    • $599,000
      2,968 SF

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W Magnolia St, Leesburg, FL 34748
      View Details
    • $449,900
      Pending

      Leesburg Multifamily Investment Opportunity

      Fully occupied 6-unit property near downtown Leesburg.
      1120 Webster St, Leesburg, FL 34748
      View Details
    • $2,090,000
      14,760 SF

      Leesburg Multifamily Investment Opportunity

      19-unit condo package with HOA control in Leesburg, Florida.
      706 W Dixie Ave, Leesburg, FL 34748
      View Details
    • $450,000
      1,454 SF

      Leesburg Triplex Investment Opportunity

      Fully rented triplex in Leesburg, Florida, with immediate rental income.
      1611 Indian Trl, Leesburg, FL 34748
      View Details
    • $1,650,000
      15,300 SF

      Leesburg Mixed-Use Commercial Property

      Turnkey investment opportunity with medical suites and climate-controlled self-storage units.
      711 N 3Rd St, Leesburg, FL 34748
      View Details
    • $30,000
      0.08 Acres

      Leesburg 55+ Community Lot

      Desirable 55+ community lot with low HOA fees.
      204 Allyson Rd, Leesburg, FL 34788
      View Details
    • $1,900,000
      Pending

      Leesburg Retail/Flex Space For Sale

      7,000 SF retail/flex space with highway frontage and established tenant.
      1135 E North Blvd, Leesburg, FL 34748
      View Details
    • $3,800,000
      23,630 SF

      Leesburg Medical Facility on 6 Acres

      23,630 SF medical facility on 6.04 acres in Leesburg, FL.
      2500 Citrus Blvd, Leesburg, FL 34748
      View Details
    • $275,000
      21,250 SF

      Luxury Storage Condos For Sale

      New construction flex storage condos for vehicles, RVs, and business.
      3384 W Main St, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Land - 10+ acre residential land near Ocala National Forest.
    Where is this land located?
    The property is located at 40200 Emeralda Island Rd Leesburg, FL.
    What is the asking price?
    The asking price for this property is $374,050.
    What are key features of this property?
    This property features: - Ten-acre property divisible into four 2.5-acre lots, offering flexibility.; - USDA eligible land is suitable for horses and farming with no HOA or deed restrictions.; - Located directly on a paved road with utilities in the area, ready for custom build or manufactured homes.
    (404) 849-9050
    Request Owner's contact information
    40200 Emeralda Island Rd Leesburg, FL 34788
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40200 Emeralda Island Rd
    Leesburg, FL 34788
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40200 Emeralda Island Rd Leesburg, FL 34788
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.