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About this home
493 Malauka Loop is a 2001-built home in Lake Leon, Ocklawaha. Inside you'll find 3 bedrooms, 4 bathrooms, and 3,058 square feet of living space. Listed at $925,000 (about $302/sqft), 150 days on market. Flood zone A - confirm flood insurance requirements with your lender.
Virtually Staged. Nestled on 3.15 private lakefront acres, this extraordinary WATERFRONT retreat offers a rare combination of sunset views, multi-generational living, and exceptional development opportunity. Positioned on the 5th of 8 potential LAKEFRONT LOTS on LAKE LEON, this unique property includes 7 additional waterfront lots, allowing you to preserve the privacy of your estate, create a family compound, or unlock future investment potential as waterfront inventory continues to shrink. Enter through the gated courtyard and discover a warm, inviting lake house filled with natural light from 68 WINDOWS showcasing BREATHTAKING WATER VIEWS throughout the home. The cozy kitchen and dining area feature a breakfast bar perfect for casual gatherings, while the expansive living room impresses with CATHEDRAL CEILINGS, a FIREPLACE, a ceiling fan, and panoramic lake views. The primary suite offers a true private retreat with an ensuite bath featuring dual vanities, a garden tub, a walk-in shower, and a reinforced CONCRETE STORM SHELTER/SAFE ROOM integrated into the suite. An ELEVATOR provides convenient access upstairs. Additional rooms currently used as hobby spaces offer endless customization possibilities. The OVERSIZED 2.5-CAR GARAGE leads to an additional IN-LAW APPARTMENT with a private kitchen and bath, offering ideal accommodations for extended family, guests, potential rental income, or independent living. Additional upgrades include a 2024 ROOF. Outdoor living is at the heart of the property with expansive WRAPAROUND PORCHES and upper-level LAKEFRONT BALCONIES designed for morning coffee, peaceful afternoons, and unforgettable sunset evenings over the water. Whether you are seeking a private waterfront estate, multi-generational living setup, or a prime waterfront investment in a rapidly developing area, this one-of-a-kind property delivers unmatched flexibility and value.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$925,000
$302 per sq ft
Beds and baths
3 beds, 4 baths
Size
3,058 sq ft
Time on market
150 days
Year built
2001
Monthly payment
About $5,711/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,090 annual tax bill, insurance.
Flood zone
Zone A
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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