1151 Emma Lane Leesburg, FL 34748
Listing Courtesy of: MLS LogoSTELLAR / ERA Grizzard Real Estate / Ashley Robey / Michael Deegan - Contact:  352-787-6966

  1151 Emma Lane Leesburg, FL 34748

Active (451 Days)
$394,900 (USD)
4
BED
2
BATH
2,280
SQFT

Description

PRICE IMPROVEMENT! HOME WARRANTY INCLUDED! Exceptional investment opportunity on 7.5 fully fenced and gated acres, zoned agricultural and offering multiple paths to value. This unique property features two separate homes on individual parcels, each with its own well, septic, and utilities—a rare setup ideal for rental income, redevelopment, or future subdivision. The main residence is a 4-bedroom, 2-bath home with a large bonus room featuring a wet bar, easily adaptable for additional living space, a home office, or rental potential. The second dwelling, while in need of updates, provides value-add upside and flexibility for long-term rental, short-term use, or multi-generational living. With ample acreage, the property supports a wide range of income-producing or development options, including agricultural use, equestrian facilities, hobby farming, or a subdivide opportunity. Located in a peaceful rural setting yet just minutes from Brownwood Town Square in The Villages, the property benefits from proximity to one of Florida’s most active and rapidly growing markets. Easy access to major highways provides convenient travel to both coasts’ beaches and Orlando’s theme parks, enhancing long-term desirability. Whether you’re seeking a cash-flow opportunity, land investment, or value-add project, this property delivers flexibility, location, and upside. Check out this rare offering and schedule your private showing today.

MLS #:
G5086659
Taxes
$2,986(2023)
Lot Size
7.5 acres
Type
Mfghome
Year Built
2003
Views
Trees/Woods
County
Lake County

Listed By

Ashley Robey, ERA Grizzard Real Estate, Contact: 352-787-6966
Michael Deegan, ERA Grizzard Real Estate
Source
STELLAR
Last checked Feb 28 2026 at 7:31 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Split Bedroom
  • Bonus Room
  • Wet Bar
  • Dry Bar
  • Appliances: Dishwasher
  • Appliances: Electric Water Heater
  • Appliances: Refrigerator
  • Ceiling Fans(s)
  • Open Floorplan
  • Appliances: Range
  • Appliances: Built-In Oven
  • Appliances: Exhaust Fan
  • Thermostat
  • Interior In-Law Suite W/Private Entry
  • Primary Bedroom Main Floor
Subdivision
  • N/A
Lot Information
  • Street Dead-End
  • Private
Property Features
  • Fireplace: Wood Burning
  • Foundation: Other
Heating and Cooling
  • Heat Pump
  • Electric
  • Central Air
Flooring
  • Carpet
  • Laminate
  • Vinyl
Exterior Features
  • Vinyl Siding
  • Roof: Shingle
Utility Information
  • Utilities: Electricity Connected, Water Source: Well, Water Source: See Remarks
  • Sewer: Septic Tank
Living Area
  • 2,280 sqft

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Feb 04, 2026
Price Changed
$394,900
-1%
-$5,000
Dec 31, 2025
Price Changed
$399,900
-6%
-$25,100
Nov 10, 2025
Price Changed
$425,000
-1%
-$4,000
Oct 14, 2025
Price Changed
$429,000
-2%
-$10,000
Aug 25, 2025
Price Changed
$439,000
-1%
-$5,000
Aug 01, 2025
Price Changed
$444,000
-1%
-$5,000
Jun 13, 2025
Price Changed
$449,000
-8%
-$40,900
May 28, 2025
Price Changed
$489,900
-2%
-$10,000
Apr 25, 2025
Price Changed
$499,900
-2%
-$9,100
Apr 17, 2025
Price Changed
$509,000
-4%
-$20,000
Jan 27, 2025
Price Changed
$529,000
0%
-$900
Dec 17, 2024
Price Changed
$529,900
-4%
-$20,000
Jun 12, 2024
Listed
$549,900
-
-
Additional Information: ERA Grizzard Real Estate | 352-787-6966
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 2/27/26 23:31