Lakefront Resort with Rental
33737 SHADY ACRES Road, Leesburg, FL 34788
For Sale
New
$1,799,000
Commercial Sale, LEESBURG, FL
Property Size3,933 SF
Lot Size2.79 Acres
Price / SF$457.41
Days on Market1
Property Features for 33737 SHADY ACRES Road
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Window features
Appliances
Subdivision
Lot features
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Mixed-Use Components
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Water front features
Water front
Amenities
waterfront dock
boat slips
boat ramp
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
ROCK SPRINGS REALTY, LLC
(877) 333-2811
Listed By:
Joel Bornstein · License #3211229
(407) 252-8092
Added: Nov 6
Last Checked: Nov 6 at 10:06PM
MLS# G5119909
Copyright © 2026 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.
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Investment Insights
Based on property information with market context.
Set on 2.79 acres along Lake Griffin, this resort property includes 3,933 square feet of building area, an innkeeper’s residence and four rental bungalows. Boating features include a launch, dock and covered and uncovered slips or moorings. Other improvements include a retail building, a 24-by-60-foot steel building, a live bait shop and a pump house.
The property has more than 600 feet of lake shoreline and access to the Harris Chain of Lakes. A Conditional Use Permit allows construction of six additional rental bungalows. The existing mix of lodging, boating facilities and service buildings forms the current property configuration; the additional bungalows would expand its lodging capacity.
The property has more than 600 feet of lake shoreline and access to the Harris Chain of Lakes. A Conditional Use Permit allows construction of six additional rental bungalows. The existing mix of lodging, boating facilities and service buildings forms the current property configuration; the additional bungalows would expand its lodging capacity.
Key Highlights
- More than 600' of shoreline on Lake Griffin, with access to the Harris Chain of Lakes
- Four rental bungalows and an innkeeper’s residence
- 15 covered and uncovered boat slips or moorings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,916
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,320
$1.0M
Cap Rate 7%
$741,657
$741.7K
Cap Rate 9%
$576,844
$576.8K
Market Conditions
NOI Build-Up for 3,933 SF
Gross rent
$94.4K $24.00/SF
− Vacancy
−$11.3K −$2.88/SF
EGI
$83.1K $21.12/SF
− OpEx
−$31.1K −$7.92/SF
NOI
$51.9K $13.20/SF
Area
Lake County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,320
Cap Rate 7%
$741,657
Cap Rate 9%
$576,844
Alternative Uses
Best Use
Mixed Use
$741.7K
$649.0K – $865.3K
NOI $51,916 @ 7.0% cap · market cap 2.89%
Second Best
Hotel Hospitality
$432.3K
$378.3K – $504.4K
NOI $30,264 @ 7.0% cap · market cap 1.68%
Theoretical Best
Office A
$1.12M
$979.3K – $1.31M
NOI $78,345 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
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Business Placement
Demographics for 34788, FL
19,409
Population
11,294
Households
1.7
Avg Household Size
58
Median Age
20%
College-Educated
91%
High-School Grad
36.1 sq mi
ZIP Area
538
Density / Sq Mi
$57,477
Median Household Income
$35,879
Median Earnings
$1,384
Median Rent
$168,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Resort - Operations include lodging, boat storage, a launch, moorings, dock access and a retail building.
Where is this resort located?
The property is located at 33737 SHADY ACRES Road Leesburg, FL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: More than 600' of shoreline on Lake Griffin, with access to the Harris Chain of Lakes; Four rental bungalows and an innkeeper’s residence; 15 covered and uncovered boat slips or moorings
