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$849,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.44 Acres
  • Updated 8 hours ago
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Rare downtown Leesburg opportunity to develop a multi-story residential or commercial project or both at once(mixed use). Property is .44 +/- acres and zoned Central Business District (CBD) within historic downtown Leesburg, Florida. Zoning and Code would allow for as many as 6 stories (72'). Ideal location to eat/work/play in a historic downtown venue where one can walk everywhere. All information is believed accurate and correct but not guaranteed or warranted & subject to change without notice.

Full Property Details for 703 W Magnolia St

General

  • Price: $849,000
  • Taxes: $515 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MidFloridaRegionalMLS
  • MLS ID: G5117119
  • Updated: 9/1/2026
  • Added to Site: 1 day(s) ago

Location

  • Area: 34748 - Leesburg
  • County: Lake
  • Development Name: 34748 - Leesburg
  • Subdivision: LEESBURG S MAIN ST
  • Driving Directions: Property is at the corner of W. Magnolia Street and S. 7th Street

Community

  • Community Name: 34748 - Leesburg

Utilities

  • Sewer: None, Public Sewer
  • Water: None, Public
  • Utility Description: Electrical Nearby, Sewer Available, Water Available

Structural Information

  • Current Bldg. Use: Unimproved

Lot Features

  • Lot Size (Acres): 0.44
  • Lot Size (Sq. Ft.): 19,250
  • Lot Size: 19250
  • Lot Dimensions: 110 x 175
  • Frontage: Street Paved, City Street
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Price Per Acre: $1,929,545
  • Tax Amount: $515.93
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LEESBURG S OF MAIN ST N 125 FT OF LOT 19 PB 2 PG 19 ORB 5684 PG 2316 ORB 6250 PG 831
  • Flood Zone Info: x
  • APN: 261924330000001903
  • Property ID: 261924330000001903

Listed by Grizzard Commercial Realestate

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Listing agent

— 703 W Magnolia St —

  • Grizzard Commercial Realestate

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 703 W Magnolia St

School District:Lake County School District
NameGradesDistance
Leesburg Elementary School
2229 South Street, Leesburg, FL 34748
PK-51.4 mi
Oak Park Middle School
2101 South Street, Leesburg, FL 34748
6-81.3 mi
Leesburg High School
1401 Yellow Jacket Way, Leesburg, FL 34748
9-120.9 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 703 W Magnolia St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/01/2026
Listed
$849,000
1216.28%
MLS
9/25/2009
Sold
$64,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 703 W Magnolia St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$520
1%
$32,351
—
2023
$514
-6%
$32,351
—
2022
$546
1%
$32,351
—
2021
$542
-60%
$32,351
-48%
2018
$1,361
5%
$62,482
7%
2017
$1,293
-1%
$58,527
—
2016
$1,310
-1%
$58,527
1%
2015
$1,327
21%
$57,762
1%
2014
$1,093
-21%
$57,067
-9%
2019
$1,378
34%
$62,482
11%
2013
$1,032
—
$56,164
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 703 W Magnolia St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Grizzard Commercial Realestate

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703 W Magnolia Street, Leesburg, FL 34748 (MLS# G5117119) is a Lots/Land property with a lot size of 0.44 acres. 703 W Magnolia Street is currently listed for $849,000 and was received on September 01, 2026. Want to learn more about 703 W Magnolia Street? Do you have questions about finding other Lots/Land real estate for sale in Leesburg? You can browse all Leesburg real estate or contact a Coldwell Banker agent to request more information.

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