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#G5098327, Janice Patterson, Listing office: PATTERSON REALTY
Property details
About W Oak Terrace Dr
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!
Highlights
Home typeOther
StatusActive
Lot size2.68 Acres
MLS #G5099161
Virtual tour
Summary
- List Price: $545,000
- HOA Amount: $0
- 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.
- Lot Size: 2.68 Acres
- MLS Number: G5099161
- 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.
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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.
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Last updated on: 7/30/2025, 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 |
|---|---|---|
| Dec 30, 2016 | Home Sold | $480,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
3
Beverly Shores Elementary School
Public District PK-5
0.8 mi
•1108 Griffin Rd
2
Leesburg Elementary School
Public District PK-5
1.8 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. The most common annual income of people living in Leesburg, FL is less than $<35k. The most common type of family is single, no kids. Most residents in this area 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
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Frequently asked questions
About W Oak Terrace Dr
The listing price of W Oak Terrace Dr property is $545,000.
The property W Oak Terrace Dr is land located in Leesburg, Florida, 34748.
Active Listing: W Oak Terrace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 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).
The last sale was on December 30, 2016 for $480,000 (source: MLS/tax record).
The property W Oak Terrace Dr is 2.68 acres.
This home is located at W Oak Terrace Dr in Leesburg, FL and zip code 34748. Features: 0 bathroom. It has been listed on Rocket Homes since July 4, 2025 and is currently priced at $545,000.
In June 2025 more than 9 listings in Leesburg, FL were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 70 were sold below. The number of listings in Leesburg, FL decreased by 0.7% between May and June 2025. The median list price of listings available in June 2025 was $296,000, while the average time on the real estate market was 93 days.
From Rocket Homes Real Estate and based on county public records data.