703 W MAGNOLIA STREET, LEESBURG, FL, 34748
Active20 days on marketListed Sep 1, 2026MLS #G5117119
About this home
703 W MAGNOLIA STREET
Rare downtown Leesburg opportunity to develop a multi-story residential or commercial project or both at once(mixed use). Property is .44 +/- acres and zoned Central Business District (CBD) within historic downtown Leesburg, Florida. Zoning and Code would allow for as many as 6 stories (72’). Ideal location to eat/work/play in a historic downtown venue where one can walk everywhere. All information is believed accurate and correct but not guaranteed or warranted & subject to change without notice.
Facts & features
The home at a glance
0.44 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$5,103 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$5,103/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Downtown Leesburg
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Leesburg. See the full Leesburg guide →
Downtown Leesburg — neighborhood snapshot
Population
702
Median age
41
Median income
$31,175
Median home value
$116,413
Avg household
2
Households w/ children
83%
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Leesburg market
$269K → $290K
Leesburg median sold, yr/yr
96.1%
Sale-to-list ratio (12 mo)
Median sold price, Leesburg, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 203% above the LEESBURG 34748 median. See the full Leesburg market guide →
Paper trail
This home's history
Reality check
What actually sold near 703 W MAGNOLIA STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$90,000
10 LUCERNE CIRCLE
1 bd · 1 ba · 576 sqft · $156/sqft · 9 DOM
Sold · May ’26$116,500
721 1/2 PARK DRIVE
1 bd · 1 ba · 600 sqft · $194/sqft · 13 DOM
Sold · Aug ’26$161,500
1308 MARIVA AVENUE
2 bd · 1 ba · 792 sqft · $204/sqft · 47 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Jillian Kobylesky
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 703 W MAGNOLIA STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 703 W MAGNOLIA STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Jillian's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
703 W MAGNOLIA STREET FAQs
What would the monthly payment be for 703 W MAGNOLIA STREET?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,103/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 703 W MAGNOLIA STREET?+
The most recent tax bill on record (2025) was $516. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Leesburg?+
At $849,000, this home is listed about 184% above the Leesburg median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 703 W MAGNOLIA STREET?+
Leesburg High School (high), Oak Park Middle School (middle), Leesburg Elementary School (elementary) — Lake County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of GRIZZARD COMMERCIAL REALESTATE · Daniel Tatro. MLS #G5117119.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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