- 3 beds
- 2 baths
- 1,540 sqft
8725 Treasure Island RoadLeesburg, FL, 34788
- Price per sqft
- $216
- Days on market
- 307
- Listed
- Jan 5
- Last reduction
- −$30,000
- Jun 27, 2026
About this property
Short term Owner Financing make this a RARE opportunity to acquire a wooded 4.87-acre Agricultural-zoned property in a highly convenient Leesburg location. Think Horses, Cows or Chickens. Tucked away for privacy, yet less than 1 mile from County Road 44, this parcel offers the ideal balance of rural living with quick access to town amenities. The property is 3.2 miles to Lake Sumter State College and just 6 miles to the public boat ramp on the world-class Harris Chain of Lakes, renowned for excellent bass fishing. It's only 9 miles to the two best hospitals in the area; UF Health in Leesburg and Advent Health Waterman in Tavares.
The existing 1,390 sq ft concrete block residence was impacted by a lightning strike in June 2025, resulting in a fire that destroyed the interior. Only the concrete block shell remains—the roof, all interior walls, kitchen cabinetry, and plumbing fixtures have been removed. This presents a clean slate for your custom floor plan. There is plenty of room to add floorspace in all directions. A great opportunity to create your own country estate. Owner occupants, investors or builders, here's your head start to create something outstanding. Instant savings include greatly reduced impact fees because of the pre-existing 3 Bedroom, 2 Bath Home, a private well and a septic system. The future owner could potentially live on site in an RV or a camper while reconstructing the main house.
Additional features include a 720 sq ft detached barn and mostly fenced acreage, suitable for agricultural use, animals, or future improvements. With mature trees, usable land, and strong location fundamentals, this property offers exceptional potential for redevelopment or a custom rural homestead close to lakes, education, and major roadways.
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 8725 Treasure Island Road
- City
- Leesburg
- State
- FL
- ZIP code
- 34788
- Year built
- 1982
- New construction
- No
- Faces
- Southwest
- Rooms
- 5
- Building stories
- 1
- Living area
- 1,390 sqft
- Total building area
- 2,140 sqft
- Architectural style
- Other
- Levels
- One
Price & sale history
Asking price reduced by $100,000 (25%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #G5106215 | $299,900Change: −25%−$100,000 | −25%−$100,000 | |
| Listed for saleMLS #G5106215 | $399,900 | Not applicable | |
| SoldMLS #G4817318 | $123,000 | Not applicable | |
| Listed for saleMLS #G4817318 | $109,200 | Not applicable |
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