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$440,000
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Property Description
Excellent investment opportunity in one of Florida's fastest growing counties! This well-established, income-producing property includes four 2BR/2BA condos (approx. 1,089 sq. ft. each). The units feature a spacious split-bedroom floor plan, private screened patios, and in-unit washer/dryer hookups. The HOA provides low-maintenance ownership covering exterior walls and roof maintenance, lawn care, and common area insurance. Each unit is assigned an onsite parking space and there are 4 open unassigned spaces. The property location is a significant asset, benefiting from its proximity to Beacon College, UF Hospital, public transportation and historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Gardens Park on Lake Harris. Lake County ranks as one of Florida's most rapidly expanding counties, with considerable population growth in recent years that has increased the need for rental units and affordable housing. This is an excellent opportunity for an investor seeking consistent rental income from all four units or an owner-occupant looking to live in one unit and receive income from the remaining three units. Don't miss this turnkey multi-unit opportunity.
Full Property Details
Full Property Details for 643 W Oak Terrace Dr #B1,B2,B3,B4
General
- Sold For: $440,000
- HOA FEE: $1,312/month
- Taxes: $1,068 (2025)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: G5107035
- Added to Site: 255 day(s) ago
Interior
- Interior Features: Other
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Laundry Closet
Exterior
- Exterior Features: Fenced
Location
- Area: 34748 - Leesburg
- County: Lake
- Development Name: 34748 - Leesburg
- Subdivision: LEESBURG VILLAGE SQUARE LEESBURG CONDO
- Driving Directions: North on Lee Street from the traffic light on U.S. Hwy 441 (North Blvd), to West Oak Terr Drive. Turn East on West Oak Terr Dr. Property on the right side.
Community
- Community Name: 34748 - Leesburg
- Association: Yes
- Assoc. Name: Villages Square Of Leesburg Co
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 4,356
- Sq. Ft. Source: Public Records
- Living Area: 4,356 Sq. Ft.
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.01
- Lot Size (Sq. Ft.): 551
- Lot Size: 551
- Street/Road Desc.: Asphalt
Financial Considerations
- Association Fee: $1,312
- Assoc Fee Freq.: Monthly
- Assoc Fee Desc.: Required
- Tax Amount: $1,068
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: LEESBURG VILLAGE SQUARE OF LEESBURG CONDOMINIUM UNIT 3-B & 1/8 INT IN COMMON PROPERTY (ORB 714 PG 1076) ORB 4924 PG 324
- Flood Zone Info: X
- APN: 23192416300000030B
- Property ID: 23192416300000030B
Listed by Carlino Real Estate Group Inc
Sold by Florida Realty Investments
Get Pre-Approved Today
Schools
Schools serving 643 W Oak Terrace Dr #B1,B2,B3,B4
School District:Lake County School District
| Name | Grades | Distance |
|---|---|---|
Beverly Shores Elementary School 1108 Griffin Road, Leesburg, FL 34748 | PK-5 | 0.8 mi |
Carver Middle School, Leesburg, FL 1200 Beecher Street, Leesburg, FL 34748 | 6-8 | 1.2 mi |
Leesburg High School 1401 Yellow Jacket Way, Leesburg, FL 34748 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 643 W Oak Terrace Dr #B1,B2,B3,B4
Date
Details
Price
Change
Source
9/30/2026
Sold
$440,000
-12%
MLS
1/24/2026
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
643 W Oak Terrace Drive #B1,B2,B3,B4, Leesburg, FL 34748 (MLS# G5107035) is a Multi-Family property that was sold at $440,000 on September 30, 2026. Want to learn more about 643 W Oak Terrace Drive #B1,B2,B3,B4? Do you have questions about finding other Multi-Family real estate for sale in Leesburg? You can browse all Leesburg real estate or contact a Coldwell Banker agent to request more information.

