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    W Oak Terrace Dr Leesburg, FL 34748

    Pending
    For Sale
    $545,000

    Land - LEESBURG, FL

    Lot size:
    2.68 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 10 at 8:06 pm

    Property Features for W Oak Terrace Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-3
    APN
    23-19-24-1100-000-00443
    Lot size
    2.68 Acres

    Building Details

    Architectural style
    Other

    Carlino Real Estate Group, Inc. (352) 326-2662 [email protected]

    Listing agent Jonathan Martin (352) 326-2662 License #3402836

    Listing date Oct 29, 2025

    MLS# G5099161 Listing URL

    Copyright © 2025 Stellar MLS. 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 Land Development Opportunity

    This 2.68-acre property, zoned R-3 for high-density residential use, offers a development opportunity in Leesburg, Florida. With approximately 424 feet of road frontage, the zoning potentially allows for the construction of up to 48 units, making it suitable for a multi-family or townhome project. The lot is clear and ready for development, previously housing a commercial building that was removed in 2009. The entire lot is high and dry, and City of Leesburg utilities are available at the street. The location benefits from substantial growth in Leesburg, leading to increased demand for affordable housing, further fueled by several large employers situated near the property. An existing 48-unit apartment complex located just to the west of this property is also available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.87551531
    Latitude
    28.8198314

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    FAQs

    What type of property is this?
    Land - 2.68-acre R-3 zoned land suitable for multi-family development.
    Where is this land located?
    The property is located at W Oak Terrace Dr Leesburg, FL.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - 2.68-acre lot zoned R-3, potentially allowing up to 48 units.; - Boasts 424 +/- feet of road frontage.; - Clear and ready for development.
    (352) 326-2662
    Request Owner's contact information
    W Oak Terrace Dr Leesburg, FL 34748
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    Leesburg, FL 34748
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    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
    W Oak Terrace Dr Leesburg, FL 34748
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