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Key Details
Sold Price $59,990
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,108 sqft
Price per Sqft $54
MLS Listing ID G5112630
Sold Date 06/11/26
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1944
Annual Tax Amount $1,961
Lot Size 0.590 Acres
Acres 0.59
Lot Dimensions 100x255
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Don't miss this exceptional investment opportunity in the heart of Leesburg. Ideally situated just west of the intersection of US 27 and South Street (SR 44), this 0.58-acre parcel offers outstanding potential for redevelopment or new construction. Zoned “Medium Density Residential” by the City of Leesburg, the property currently allows for up to two dwelling units, making it an excellent opportunity for duplex development or income-producing residential housing. Positioned near major roadways and regional employment hubs, the location is highly desirable for tenants seeking convenience and accessibility. Existing nearby utility connections further enhance the property's development appeal and may help streamline the building process. The property currently includes an approximately 1,100-square-foot residence in poor condition with significant structural and functional deficiencies, making demolition a likely consideration for most investors. However, for the right buyer, this property presents strong upside potential and the opportunity for a relatively quick return on investment.
Motivated seller — priced to move. Contact us today for additional details and development potential.
Location
State FL
County Lake
Area 34748 - Leesburg
Zoning R-2
Interior
Interior Features Ninguno
Heating None
Cooling None
Flooring Other
Furnishings Unfurnished
Fireplace false
Appliance None
Laundry None
Exterior
Exterior Feature None, Other
Utilities Available Other, Water Available
Roof Type Metal,Other
Exposure South
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Other, Pillar/Post/Pier
Lot Size Range 1/2 to less than 1
Sewer None
Water None
Structure Type Other,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Melissa Minner RE/MAX TITANIUM GROUP
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