1151 Emma Ln, Leesburg, FL 34748 | For Sale

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For Sale $394,900 ($173.20 per Sq Ft)

$394,900 ($173.20 per Sq Ft)
  • (0)
  • 4 Bedrooms
  • 2 Bathrooms
  • 2,280 Sq Ft
  • 326,700 Sq Ft

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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $394,900
Property Type Manufactured
Usable Sqft 2,280
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 2003
Last Sold Unknown
Sold Price Unknown
APN # 291924000200002003
MLS # G5086659
Property ID 319086944
Lot Sqft 326,700
Zoning A
Days on Market 613
Original List Price $549,900
Applicances Built-In Oven, Dishwasher, Electric Water Heater, Exhaust Fan, Range, Refrigerator%
Date Updated February 04, 2026
Date Created June 12, 2024
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Listing Provided By

Ashley Robey, LLC an agent of ERA GRIZZARD REAL ESTATE. Lic #3410077


© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of February 04, 2026 The information being provided is 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.



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