Tour
#G5092929, Linda Lake, Listing office: WATSON REALTY CORP
$6,500,000 List price
600 W Oak Terrace Dr Leesburg, FL 34748
0 beds
39,524 sqft
2.4 acres
$164 / sqft
Multi-Family
Property details
About 600 W Oak Terrace Dr
This 48-unit apartment complex offers a turn-key solution for investors seeking a stable income stream with a single tenant that ensures minimal management effort. The entire property is leased by an accredited private 4-year college founded in 1989. With students from across the country and internationally, the college's continued growth and established reputation ensures a strong and reliable tenant, making this a truly hands-off investment. Residents enjoy modern living spaces with updated vinyl flooring and recently updated kitchens and bathrooms in most units. One of the standout features of this property is its stunning Outdoor Oasis courtyard. This inviting outdoor space includes brick walkways, spacious patios, two huge gazebos, and a charming brick fireplace, perfect for gatherings or relaxation. Beautiful stone flower beds, new palm trees, and fresh sod create a serene environment, all maintained by an efficient irrigation system. Other Amenities included an on-site laundry facility and management office, electronic locks on all apartments, and plenty of parking. Other recent major updates include roof replacement on all the building in 2020, robust gutter and drainage system, exterior lighting, security cameras and gates, and the majority of the HVAC systems have been replaced within the last five years. The property location is a significant asset, benefiting from its proximity to historic downtown Leesburg where residents can enjoy local restaurants, shops, and Ski Beach/Venetian Park on Lake Harris. It's also conveniently situated approximately 56 miles from Orlando International Airport and within a two-hour drive of stunning beaches on both the Atlantic and Gulf coasts. Leesburg, FL, has seen significant growth in recent years, with several large employers near this property increasing the demand for affordable housing in the area. AN ADDITIONAL 2.68-ACRE ADJACENT PARCEL that offers the opportunity to possibly build up to an additional 48 units is also available. (MLS # G5099161) This is an opportunity not to be missed—call today for more information!
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Size39,524 sqft
Lot size2.35 Acres
Year built1980
MLS #G5099082
Virtual tour
Summary
- Interior: Ceiling Fans(s)
- Private Pool: No
- Exterior: Lighting, Rain Gutters
- Heating: Central
- Cooling: Central Air
- List Price: $6,500,000
- Price/SqFt: $164
- HOA Amount: $0
- Annual Tax Amount: $7,979
- Tax Year: 2023
- 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.
- Year Built: 1980
- Living Area: 39,524 SqFt
- Lot Size: 2.35 Acres
- MLS Number: G5099082
- MLS Name: MFRMLS
- Office Name: CARLINO REAL ESTATE GROUP INC
- Office Phone: (352) 326-2662
- Listing Agent: Jonathan Martin
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 11:49:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 18, 2014 | Home Sold | $1,296,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,228,138 | $7,979 |
| 2022 | $1,933,166 | $4,209 |
| 2021 | $1,689,058 | $4,209 |
| 2020 | $1,689,058 | $4,209 |
| 2019 | $1,548,627 | $2,823 |
| 2018 | $1,209,061 | $2,823 |
| 2017 | $983,722 | $2,823 |
History based on county public records data.
Nearby schools
3
Beverly Shores Elementary School
Public District PK-5
0.7 mi
•1108 Griffin Rd
2
Leesburg Elementary School
Public District PK-5
1.9 mi
•2229 South St
2
Fruitland Park Elementary School
Public District PK-5
3.4 mi
•304 W Fountain St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,396. Most Leesburg, FL residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
42%
<35k
42%
35k-100k
7%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
54%
Single, No Kids
14%
Single, with Kids
22%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
18%
18-34 yrs old
38%
35-64 yrs old
26%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
Extreme Sports
Where do the neighbors shop?
Family Dollar
Sam's Club
Stein Mart
Where do the neighbors go to eat?
White Castle
Burger King
Church's Chicken
What do the neighbors drive?
Chevrolet
Buick
Oldsmobile
What do the neighbors listen to?
Rock
Urban Contemporary
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 600 W Oak Terrace Dr
The listing price of 600 W Oak Terrace Dr property is $6,500,000.
The property 600 W Oak Terrace Dr is a multi located in Leesburg, Florida, 34748.
Active Listing: 600 W Oak Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 600 W Oak Terrace Dr are: Beverly Shores Elementary School (GreatSchools Rating 3/10), Leesburg Elementary School (GreatSchools Rating 2/10), Fruitland Park Elementary School (GreatSchools Rating 2/10), Carver Middle School (GreatSchools Rating 4/10), Oak Park Middle School (GreatSchools Rating 3/10), Tavares Middle School (GreatSchools Rating 4/10), Leesburg High School (GreatSchools Rating 2/10), Tavares High School (GreatSchools Rating 4/10), Wildwood Middle High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $7,979 (source: MLS/based on county public records data).
The last sale was on September 18, 2014 for $1,296,000 (source: MLS/tax record).
The property 600 W Oak Terrace Dr is 39,524 SqFt (source: MLS/tax record).
The year of construction for 600 W Oak Terrace Dr is 1980.
This home is located at 600 W Oak Terrace Dr in Leesburg, FL and zip code 34748. This 39,524 square foot home, which was built in 1980, sits on a 2.35 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since July 8, 2025 and is currently priced at $6,500,000.
Over 9 listings were sold over their listed price in June 2025 in Leesburg, FL. In the same period over 70 listings were sold below the listed price and 19 listings were sold for the listed price. Between May and June 2025, Leesburg, FL real estate market has seen decrease in the number of listings by 0.7%. In June 2025, listings were on the market for 93 days. During the same period, the median list price in this real estate market was $296,000.
From Rocket Homes Real Estate and based on county public records data.