8725 Treasure Island Rd, photo 1
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Overview

3 bd2 ba1,390 sqft1 car garageSingle Family
TypeSingle Family
HOANone listed
Built1982
Lot212,137 sqft
Living area1,390 sqft
Price / sqft$216
Garage1 car

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About this home

Open FloorplanPrimary Bedroom Main Floor

8725 Treasure Island Rd is a 1982-built home in Silver Lake Estates, Leesburg. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,390 square feet of living space. Listed at $299,900 (about $216/sqft), 283 days on market. Flood zone X* - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Short term Owner Financing make this a RARE opportunity to acquire a wooded 4.87-acre Agricultural-zoned property in a highly convenient Leesburg location. Think Horses, Cows or Chickens. Tucked away for privacy, yet less than 1 mile from County Road 44, this parcel offers the ideal balance of rural living with quick access to town amenities. The property is 3.2 miles to Lake Sumter State College and just 6 miles to the public boat ramp on the world-class Harris Chain of Lakes, renowned for excellent bass fishing. It's only 9 miles to the two best hospitals in the area; UF Health in Leesburg and Advent Health Waterman in Tavares. The existing 1,390 sq ft concrete block residence was impacted by a lightning strike in June 2025, resulting in a fire that destroyed the interior. Only the concrete block shell remains—the roof, all interior walls, kitchen cabinetry, and plumbing fixtures have been removed. This presents a clean slate for your custom floor plan. There is plenty of room to add floorspace in all directions. A great opportunity to create your own country estate. Owner occupants, investors or builders, here's your head start to create something outstanding. Instant savings include greatly reduced impact fees because of the pre-existing 3 Bedroom, 2 Bath Home, a private well and a septic system. The future owner could potentially live on site in an RV or a camper while reconstructing the main house. Additional features include a 720 sq ft detached barn and mostly fenced acreage, suitable for agricultural use, animals, or future improvements. With mature trees, usable land, and strong location fundamentals, this property offers exceptional potential for redevelopment or a custom rural homestead close to lakes, education, and major roadways.

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The essentials

Built
1982
Price / sqft
$216
On market
283 days
Annual tax
$2,142
Flood zone
X* · Low risk
Lot
212,137 sqft
Type
Single Family Residence

At a glance

Single family
Built 1982
1 car garage
4.87 acres
Lot size
1,390 sqft
Living area

Payment

Est. monthly payment
$1,892/mo
Down payment (20%)
$59,980
Property taxes
$179/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1982
Lot
212,137 sqft
Cooling
None
Heating
None
Parking
-
Days on Market
283
Open Floorplan
Primary Bedroom Main Floor
Flood Zone X*
Annual Tax (2025)
$2,142
Parcel #
09-19-25-0001-000-02500

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Silver Lake Estates
County
Lake
MLS Area
34788 - Leesburg / Haines Creek
Lot Size
212,137 sqft
In CountyLevelOversized Lot

Price history

Date
Event
Price
6/27/2026
Price change
Source: Stellar MLS #G5106215
$299,900-9.1%
$216/sqft
-
Price change
Source: Stellar MLS #G5106215
$329,900-17.5%
$237/sqft
1/5/2026
Listed for sale
Source: Stellar MLS #G5106215
$399,900
$288/sqft

Neighborhood

8725 Treasure Island Rd
Leesburg, FL, 34788 · 34788 - Leesburg / Haines Creek

Market insights

Offer Insights

Choose an offer strength

List price: $299,900
$292,500 – $299,900
97.6% – 100% of listTops out right at the list price
80% of listList price
66 of the last 131 home closings in 34788 landed at this number or higher (50%). The median one sat 53 days before it went under contract, and this one is on day 283 after a $100,000 cut.

Sample: 131 closed home sales in 34788 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$1,893/mo
Principal & interest$1,564
Property taxes$179
Insurance$150
Down payment20% · $59,980
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$299,900

$216 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,390 sq ft

Time on market

283 days

Year built

1982

Monthly payment

About $1,892/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,142 annual tax bill, insurance.

Flood zone

Zone X*

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byCOLDWELL BANKER HUBBARD HANSENListing agent: Richard BisaillonListing data from Stellar MLS, MLS# G5106215.

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