# W OAK TERRACE Drive, Leesburg, FL 34748 > **TL;DR:** land, $475,000. Est. $2,541/mo. Listed 71 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $475,000 | | Lot Size | 116,741 sqft (2.68 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 71 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,402 | | Estimated Insurance | $139 | | **Total** | **$2,541** | ## Property Highlights - 2.68 acre lot ## Description ### Agent Description 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! ## Location - **Address:** W OAK TERRACE Drive, Leesburg, FL 34748 - **County:** Lake - **Neighborhood:** LEESBURG N C LEE ESTATE - **Coordinates:** 28.819399, -81.87897 - **Google Maps:** https://www.google.com/maps?q=28.819399,-81.87897 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/stellar/G5116812 ## Listing Agent - **Name:** Jonathan Martin - **Brokerage:** Carlino Real Estate Group, Inc. - **Broker Phone:** (352) 326-2662 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/W-Oak-Terrace-Dr_Leesburg_FL_34748_M93165-43864?f=listhub&s=MFRMLSFL&m=G5116812&c=propsimple) ## Photos ![W OAK TERRACE Drive - Photo 1](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f9305073r.jpg) ![W OAK TERRACE Drive - Photo 2](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f3405875786r.jpg) ![W OAK TERRACE Drive - Photo 3](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f2527443668r.jpg) ![W OAK TERRACE Drive - Photo 4](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f3110912403r.jpg) ![W OAK TERRACE Drive - Photo 5](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f240587603r.jpg) ![W OAK TERRACE Drive - Photo 6](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f2963889252r.jpg) ![W OAK TERRACE Drive - Photo 7](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f3228880821r.jpg) ![W OAK TERRACE Drive - Photo 8](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f1200424791r.jpg) ![W OAK TERRACE Drive - Photo 9](http://lh.rdcpix.com/5e6828433fba2098f23733f704ca45d1l-f3966152773r.jpg) --- **MLS#:** G5116812 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/w-oak-terrace-drive-leesburg-fl-34748-12c757c7efdb45ce9c69e1be711b1c61) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/w-oak-terrace-drive-leesburg-fl-34748-12c757c7efdb45ce9c69e1be711b1c61#listing", "url": "https://staging.propertysimple.ai/listing/w-oak-terrace-drive-leesburg-fl-34748-12c757c7efdb45ce9c69e1be711b1c61", "name": "W OAK TERRACE Drive, Leesburg, FL 34748", "description": "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. 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