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For sale
Residential income properties
FL
Leesburg
34748
1000 ROYAL OAK BOULEVARD

Updated Condo in Royal Oak

1000 ROYAL OAK BOULEVARD, Leesburg, FL 34748

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For Sale

$185,000

Updated 2/2 condo with new roof and enclosed lanai.

Type:Condo/Townhome

Property size:

1,288 SF

Lot size:

0.03 Acres

Price / SF:

$143/SF

HighLights

Fully updated in 2022 with a brand new 2024 roof.
Two primary bedrooms, each with ensuite bathroom and private balcony.
Large enclosed lanai with separate A/C for year‑round use.
Includes 2 private covered parking spaces.
Open first‑floor living area with sliding doors to lanai.
Community pool with no maintenance responsibilities.

We can help!

Contact an agent

Amy Spivey

For Sale

$185,000

Updated 2/2 condo with new roof and enclosed lanai.

Type:Condo/Townhome

Property size:

1,288 SF

Lot size:

0.03 Acres

Price / SF:

$143/SF

Added:: Mar 18, 2025
Days on Market:: 479
Last Refresh:: Apr 5 at 11:47 pm

Property Features for 1000 ROYAL OAK BOULEVARD

General Information

Standard status: Active
Size: 1,288 SF
Lot size: 0.03 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 1988

We can help!

Contact an agent

Amy Spivey

Listing office GRIZZARD COMMERCIAL REALESTATE

Listing date Mar 18, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of GRIZZARD COMMERCIAL REALESTATE

HighLights

Fully updated in 2022 with a brand new 2024 roof.
Two primary bedrooms, each with ensuite bathroom and private balcony.
Large enclosed lanai with separate A/C for year‑round use.
Includes 2 private covered parking spaces.
Open first‑floor living area with sliding doors to lanai.
Community pool with no maintenance responsibilities.

Overview

This updated condo is located in Royal Oak Estates. The property, with a size of 1,288 square feet, was fully updated in 2022 and features a new roof installed in 2024. It includes two private covered parking spaces. The condo has a large enclosed lanai with vinyl windows and a separate air conditioning unit. The first-floor living area is open and includes sliding doors to the lanai. The kitchen features granite counters and cabinets, as well as sliding doors to the lanai. A half bath and laundry room are located on the first floor. Upstairs, there are two primary bedrooms, each with an ensuite bathroom and private balcony. The community offers access to a pool.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$30.8k	$23.88
− Vacancy	−$2.0k	−$1.55
EGI	$28.8k	$22.33
− OpEx	−$12.9k	−$10.05
NOI	$15.8k	$12.28

1,288 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$226.0K

$197.7K – $263.6K (±1% cap)

NOI $15,817 @ 7.0% cap · market cap 8.55%

Second Best

—

no second resolved use

Theoretical Best

Office A

$366.5K

$320.7K – $427.6K (±1% cap)

NOI $25,657 @ 7.0% cap · market cap 13.87%

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

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Leesburg
County: Lake
State: Florida
Longitude: -81.9132012
Latitude: 28.8011998

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For sale
Residential income properties
FL
Leesburg
34748
1000 ROYAL OAK BOULEVARD

What type of property is this?

Residential income property - Updated 2/2 condo with new roof and enclosed lanai.

Where is this residential income property located?

The property is located at 1000 ROYAL OAK BOULEVARD Leesburg, FL.

What is the asking price?

The asking price for this property is $185,000.

What are key features of this property?

This property features: Fully updated in 2022 with a brand new 2024 roof.; Two primary bedrooms, each with ensuite bathroom and private balcony.; **Large enclosed lanai with separate A/C for year‑round use.**