12023 INDIAN GRASS WAY, LEESBURG, FL, 34788
Active168 days on marketListed Feb 26, 2026MLS #O6380156
About this home
12023 INDIAN GRASS WAY
Searching for a 5-bed single family home in Leesburg under $320,000 that fits an investor strategy, first time buyer budget, or a growing family’s space needs? This 2020 built home offers 1,984 square feet, 5 bedrooms, 3 bathrooms, a 21,657 square feet lot, and low HOA in Meadow Ridge of Grand Island. This 5-bed single family home in Leesburg under $320,000 stands out for versatility and value. With five true bedrooms and three full baths, the layout supports rental potential, multigenerational living, or room to grow. The open concept living and dining areas flow into a kitchen with stainless steel appliances, creating a functional and inviting heart of the home. Major systems including the roof, HVAC, and water heater are 6 years old, and the interior has been freshly painted. The oversized 21,657 square feet lot offers outdoor flexibility rarely found at this price point. HOA is just $60 per month and includes deed restrictions, playground, and picnic area. Enjoy proximity to Lake Griffin and Lake Harris for boating and fishing, plus Herlong Park, Singletary Park, Venetian Gardens, Flat Island Preserve, and PEAR Park. Near Wedgewood Golf Course and convenient to downtown Leesburg shops, restaurants, Lake County Fairgrounds, and major routes toward Orlando. Zoned for Treadway Elementary, Eustis Middle, and Eustis High School. Opportunity, space, and lifestyle align here. Schedule your showing today.
Facts & features
The home at a glance
5
Bedrooms
3
Bathrooms
1,984
Sqft
0.25 ac
Lot size
2
Garage
2020
Year built
One
Levels
$161
Per sqft
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 and the real association fee — not generic estimates.
$2,654 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$2,654/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Leesburg actives
$161 vs $170
Days on market
168 vs 62 typical
Where $161/sqft sits among the 400 Leesburg actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Leesburg
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Leesburg. See the full Leesburg guide →
LEESBURG 34788 — neighborhood snapshot
Population
21,867
Median age
56.4
Median income
$57,477
Median home value
$168,900
Avg household
2.33
Households w/ children
1,648
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)
220 of 400
Leesburg actives have cut their price
Median sold price, Leesburg, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 10% above the LEESBURG 34788 median. See the full Leesburg market guide →
Paper trail
This home's history
Reality check
What actually sold near 12023 INDIAN GRASS WAY
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$290,000
12058 CALLICARPA LANE · same community
3 bd · 2 ba · 1,456 sqft · $199/sqft · 10 DOM
Sold · Apr ’26$310,000
35725 ROSE MOSS AVENUE · same community
4 bd · 2 ba · 1,353 sqft · $229/sqft · 43 DOM
Sold · Jun ’26$395,000
12130 NEST COURT
4 bd · 3 ba · 1,941 sqft · $204/sqft · 48 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
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 12023 INDIAN GRASS WAY — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 12023 INDIAN GRASS WAY — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
12023 INDIAN GRASS WAY FAQs
What would the monthly payment be for 12023 INDIAN GRASS WAY?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,654/mo — principal and interest, the actual property-tax bill, the $60/mo association fee 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.
How much are the HOA fees at 12023 INDIAN GRASS WAY?+
The association fee works out to $60 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 12023 INDIAN GRASS WAY?+
The most recent tax bill on record (2025) was $4,910. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 12023 INDIAN GRASS WAY?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Leesburg?+
At $320,000, this home is listed about 7% above the Leesburg median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 12023 INDIAN GRASS WAY?+
Treadway Elementary School (elementary), Leesburg High School (high), Oak Park Middle School (middle) — Lake County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$320,000 runs 10% above the LEESBURG 34788 median — but at 1,984 sqft it's also 20% larger than the typical Leesburg listing.
02Time on market is leverage
168 days on market against a Leesburg median of 62 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $345,000, now $320,000 — a $25K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of EXP REALTY LLC · Josue Soto. MLS #O6380156.
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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