9300 E Treasure Island Avenue, Leesburg, FL 34788 (MLS # O6453662)

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View Virtual Tour PRICE $4,081,000 BEDS 0 BATHS 0 HOME SIZE n/a LOT SIZE 54.00 ac Request More Info Schedule a Showing

Approved, permit-ready 110-lot single-family community on ±54 acres at the southwest corner of County Road 44 and E Treasure Island Ave in Leesburg, Lake County. Treasure Trove was annexed into the City of Leesburg in 2023 and rezoned PUD, with an Estate Residential future land use (Ord. 23-03). It received final site plan approval in June 2025 (AR #1080). With emergency tolling under F.S. 252.363, which the City has confirmed, the approval is valid through November 25, 2028. A buyer can go straight to construction permitting and site work without entitlement risk. The approved master plan has three lot types around a boulevard entrance on CR 44: 40 lots at 50' x 110' 35 lots at 50' x 120' 35 lots at 60' x 120' This mix lets a builder provide both entry-level and move-up product. About 28.2 acres is open space, including 16.41 acres of preserved wetlands, two stormwater ponds, flood retention areas, and active and passive recreation with a tot lot. About 36.4 acres are developable, for a gross density of 1.98 units/acre. Approvals and permits in place: Lake County approval of the relocated CR 44 entrance with left and right turn lanes Gated emergency access on E Treasure Island Ave ALTA survey (April 2025) and engineered master plan SJRWMD and FDEP agency permits The City of Leesburg provides water, wastewater, reuse, electric and natural gas. The site is in the CR 44 corridor, about 6 miles from downtown Leesburg and 5 miles from Eustis. It is about 15 miles from The Villages and Florida's Turnpike and 45 miles from downtown Orlando. National builders active nearby include Taylor Morrison, Stanley Martin, D.R. Horton, Richmond American and KB Home. Liberty Preserve is directly across CR 44 and Silver Lake Pointe is close by. Homes in those two communities sold between $303,000 and $348,490 in 2026. Lake County is growing about twice as fast as Florida and is projected to add about 18,000 households by 2030. Offered in paper-lot condition. The buyer is responsible for: Pre-construction meeting Site construction Final plat and recording All building permits and impact, connection and capacity fees The seller is an experienced local developer and can manage site construction and/or platting for a fee. Portions of the property are in Flood Zone AE (BFE 68.1'), with compensating storage provided in the approved plan. Qualified buyers will get data room access, including the approved PUD and master plan, final site plan approval, ALTA survey, entitlement record and fee schedules. All figures are approximate. Buyer to verify all information through independent due diligence. Contact the listing agent for the offering memorandum.