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$475,000 -$70,000 (-12.84%) Price Reduced

  • For Sale
  • Active
  • Lots/Land
  • 2.68 Acres
  • Updated 1 day ago
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This prime 2.68-acre Zoned R-3/High-Density Residential with 424 +/- feet of road frontage could potentially allow for the approval of up to 48 units, making it ideal for a multi-family or townhome project. The property is clear and ready for development, having previously housed a commercial building that was removed in 2009. The entire lot is high and dry with City of Leesburg utilities available at the street. Leesburg, FL, has experienced substantial growth, leading to increased demand for affordable housing. This demand is further fueled by several large employers situated near the property. The 48-unit apartment complex just to the west of this property is also available for purchase. This exceptional property presents a rare development opportunity you will not want to miss. Call today for more information!

Full Property Details for W Oak Terrace Dr

General

  • Price: $475,000
  • Taxes: $10,484 (2024)
  • Status: Active
  • Type: Lots/Land
  • Source: MidFloridaRegionalMLS
  • MLS ID: G5099161
  • Updated: 4/2/2026
  • Added to Site: 274 day(s) ago

Location

  • Area: 34748 - Leesburg
  • County: Lake
  • Development Name: 34748 - Leesburg
  • Subdivision: LEESBURG N C LEE ESTATE
  • Driving Directions: From the turnpike head north on Hwy 27, turn right on Dixie Ave, Left on N Canal St, left on Hwy 441, right on 3rd st , and a left on Oak Terrace Dr.

Community

  • Community Name: 34748 - Leesburg

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Nearby, Water Nearby

Lot Features

  • Lot Size (Acres): 2.68
  • Lot Size (Sq. Ft.): 116,741
  • Lot Size: 2.68
  • Lot Dimensions: 424 x 276
  • Frontage: City Street
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Price Per Acre: $177,239
  • Tax Amount: $10,484
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LEESBURG N C LEE ESTATE E 455 FT OF W 1367.05 FT OF LOT 4--LESS S 280 FT & LESS W 30 FT FOR RD R/W--PB 1 PG 75 ORB 4883 PG 1295
  • Flood Zone Info: X
  • APN: 231924110000000443
  • Property ID: 231924110000000443

Listed by Carlino Real Estate Group Inc

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Listing agent

— W Oak Terrace Dr —

  • Carlino Real Estate Group Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for W Oak Terrace Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/02/2026
Price Reduced
$475,000
-12.84%
MLS
7/04/2025
Listed
$545,000
13.54%
MLS
12/30/2016
Sold
$480,000
—
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 W Oak Terrace Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,484
6%
$652,349
5%
2023
$9,869
4%
$621,529
10%
2022
$9,518
11%
$565,026
10%
2021
$8,600
21%
$513,660
33%
2018
$7,107
12%
$385,245
10%
2017
$6,350
-21%
$350,223
-17%
2019
$8,071
150%
$423,770
142%
2016
$3,226
-3%
$175,112
—
2015
$3,318
-1%
$175,112
—
2014
$3,352
4%
$175,112
—
2013
$3,218
—
$175,112
—
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.

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Carlino Real Estate Group Inc

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W Oak Terrace Drive, Leesburg, FL 34748 (MLS# G5099161) is a Lots/Land property with a lot size of 2.68 acres. W Oak Terrace Drive is currently listed for $475,000 and was received on July 04, 2025. Want to learn more about W Oak Terrace Drive? 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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