Sr 44, Leesburg, FL, 34748 | $4,950,000

Excellent opportunity for a PUD development on the 44 East West Corridor between Leesburg and Brownwood, The Villages. This subject parcel is comprised of 11 Parcels, Alternate Key numbers; 1035287, 1116546, 1171814, 1700001, 1772575, 2665106, 1171792, 1772541, 3458907 in Lake County and G25-001, G25-002 in Sumter County for a total of approximately 303. 4 acres, per county records. Of these 303. 4 Acres, approximately 269. 3 acres are considered dry (but partially in flood zone A). The subject parcel has approximately 1, 243' of highway frontage on 4 lane SR-44 with a traffic count of 20, 500 AADT. This frontage is divided into an approximately 925' section and a 319' section. The subject also has 1320' of frontage on Whitney Rd (but not the corner, FDOT owns the corner retention pond at intersection of Whitney and 44). The subject parcel has a median cut at the intersection of Whitney and SR-44, and two median cuts / decel lanes along the 44 frontage. Two buildings exist on the property. Both fronting on SR 44. One on alt key 2665106 and is a 1971, 1, 366 s. f home with a 1 car garage, per tax records. The other is a 1989 manufactured home of 641 square feet, 2 bed 1 bath, per tax records. Don't let this development opportunity pass you by. This would be a perfect spot for single family and multi family homesite development with commercial fronting SR-44. Property is located directly across 44 from Pennbrooke Fairways.


  • Lot Size: 5350 x 2700
  • MLS#: G5045336
  • Days on Market: 123 days
  • Website:
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 5/21/2024 12:07:27 AM)
Listing courtesy of CARLINO REAL ESTATE GROUP INC   Phone: 352-326-2662

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Sr 44, Leesburg, FL, 34748


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5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,960,000 $3,960,000 $3,960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.014% 7.041%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,014 $26,014 $35,317
Total Monthly Payment $27,139 $26,139 $35,442

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.