55+ Golf Community
For Sale
$295,000
26942 WHITE PLAINS WAY, Leesburg, FL 34748
Residents have access to golf, tennis, pickleball, fitness facilities, pools, dining, and community entertainment.
Property Size1,378 SF
Price / SF$214.08
Days on Market12
Property Features for 26942 WHITE PLAINS WAY
General Information
Standard status
Active
Size
1,378 SF
Property subtype
Half Duplex
Building Details
Year Built
2017
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
Noel Martin · License #3426553
(407) 583-7854
Source:
Dennisrealty
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 24 at 5:45PM
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 OLYMPUS EXECUTIVE REALTY INC
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Investment Insights
Based on property information with market context.
Built in 2017, this 1,378-square-foot residence is located within a 55+ community. HOA approval and community deed restrictions apply. Lawn service and exterior maintenance are included in the HOA fees.
The guard-gated community features an 18-hole golf course, driving range, putting greens, lighted tennis and pickleball courts, and a fitness center. Residents also have access to heated swimming pools, a hot tub, billiards, a movie theater, and an on-site restaurant and tavern. Golf carts, bicycles, and walking are accommodated within the community, which has wide sidewalks and low-speed-limit streets.
The guard-gated community features an 18-hole golf course, driving range, putting greens, lighted tennis and pickleball courts, and a fitness center. Residents also have access to heated swimming pools, a hot tub, billiards, a movie theater, and an on-site restaurant and tavern. Golf carts, bicycles, and walking are accommodated within the community, which has wide sidewalks and low-speed-limit streets.
Key Highlights
- 1,378‑square‑foot residence built in 2017
- Located in a guard‑gated 55+ community
- Community includes an 18‑hole golf course, driving range, and putting greens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,922
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,440
$338.4K
Cap Rate 7%
$241,743
$241.7K
Cap Rate 9%
$188,022
$188.0K
Market Conditions
NOI Build-Up for 1,378 SF
Gross rent
$32.9K $23.88/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$30.8K $22.33/SF
− OpEx
−$13.8K −$10.05/SF
NOI
$16.9K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,440
Cap Rate 7%
$241,743
Cap Rate 9%
$188,022
Alternative Uses
Best Use
Apartment 5plus
$241.7K
$211.5K – $282.0K
NOI $16,922 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.1K
$343.1K – $457.5K
NOI $27,450 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to golf, tennis, pickleball, fitness facilities, pools, dining, and community entertainment.
Where is this residential income property located?
The property is located at 26942 WHITE PLAINS WAY Leesburg, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,378‑square‑foot residence built in 2017; Located in a guard‑gated 55+ community; Community includes an 18‑hole golf course, driving range, and putting greens
