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Overview

5 bd3 ba2,854 sqftSingle Family
TypeSingle Family
HOANone listed
Built1966
Lot25,064 sqft
Living area2,854 sqft
Price / sqft$116

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About this home

Ceiling Fans(s)ThermostatWalk-in Closet(s)RangeRange HoodRefrigerator

4020 Magnolia Dr is a 1966-built home in Ravenswood Park, Leesburg. Inside you'll find 5 bedrooms, 3 bathrooms, and 2,854 square feet of living space. Listed at $330,000 (about $116/sqft), 16 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

BRING YOUR VISION and unleash your HGTV skills on this incredibly spacious 5 BEDROOM, 3 BATHROOM home offering OVER 2,800 SQUARE FEET of living space, OVER HALF AN ACRE +IN-LAW SUITE, and NO HOA! If you've been searching for a home where you can renovate, customize, and truly make it your own, this property is packed with POTENTIAL! With its BLOCK/STUCCO construction, NEWER ROOF (2017), impressive living area, and oversized lot, this home provides a fantastic starting point for the buyer ready to roll up their sleeves and bring their ideas to life. The spacious kitchen offers an abundance of cabinetry, a center island, and an open connection to the dining and living areas, giving you plenty of opportunity to create an incredible gathering and entertaining space. The generously sized primary suite features an enormous approximately 10' x 10' WALK-IN CLOSET, while the additional bedrooms provide plenty of space for family, guests, a home office, or whatever fits your lifestyle. Laundry is located inside for your convenience. Newer electrical panel too! WOW! One of the property's biggest highlights is the separate IN-LAW SUITE! Complete with its own PRIVATE ENTRANCE, KITCHENETTE, FULL BATHROOM, and LIVING SPACE, this flexible area opens the door to MULTIGENERATIONAL LIVING, extended guests, a private home office, or other possibilities depending on a buyer's needs and applicable regulations. And then there's the LAND! Sitting on OVER HALF AN ACRE with a FULLY FENCED YARD and NO HOA, there is an incredible amount of outdoor space to work with. Dreaming of a pool? A workshop? Space for your recreational toys, pets, gardens, or outdoor entertaining? This property gives you ROOM TO DREAM! Yes, this home needs some TLC and updating, but that's exactly where the opportunity lies. With OVER 2,800 SQUARE FEET, a HALF-ACRE+ LOT, flexible IN-LAW SUITE, and NO HOA, the foundation is here to transform this property into something truly special. Come see this majestic home before it is too late. Conveniently located just off Highway 27 and only minutes from shopping, dining, everyday conveniences, and Florida's Turnpike, you'll have plenty of space without sacrificing accessibility. Bring your contractor, your imagination, and your renovation ideas, then come see the POTENTIAL for yourself! Schedule your private showing TODAY!

The essentials

Built
1966
Price / sqft
$116
On market
16 days
Annual tax
$1,908
Flood zone
X · Low risk
Lot
25,064 sqft
Type
Single Family Residence

At a glance

Single family
Built 1966
0.58 acres
Lot size
2,854 sqft
Living area

Payment

Est. monthly payment
$2,045/mo
Down payment (20%)
$66,000
Property taxes
$159/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1966
Lot
25,064 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
16
Ceiling Fans(s)
Thermostat
Walk-in Closet(s)
Range
Range Hood
Refrigerator
Elementary
Leesburg Elementary
Middle
Oak Park Middle
High
Leesburg High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone X
Annual Tax (2025)
$1,908
Parcel #
02-20-24-0400-000-02800

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
Ravenswood Park
County
Lake
MLS Area
34748 - Leesburg
Lot Size
25,064 sqft

Price history

Date
Event
Price
9/25/2026
Listed for sale
Source: Stellar MLS #O6444187
$330,000
$116/sqft

Neighborhood

4020 Magnolia Dr
Leesburg, FL, 34748 · 34748 - Leesburg

Market insights

Offer Insights

Choose an offer strength

List price: $330,000
$325,000 – $330,000
98.6% – 100% of listTops out right at the list price
80% of listList price
193 of the last 384 home closings in 34748 landed at this number or higher (50%). The median one sat 50 days before it went under contract, and this one is on day 16.

Sample: 384 closed home sales in 34748 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$2,045/mo
Principal & interest$1,721
Property taxes$159
Insurance$165
Down payment20% · $66,000
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

$330,000

$116 per sq ft

Beds and baths

5 beds, 3 baths

Size

2,854 sq ft

Time on market

16 days

Year built

1966

Monthly payment

About $2,045/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,908 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?

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Brokered byTHE SHUGAN GROUP INCListing agent: Elliot ShuganListing data from Stellar MLS, MLS# O6444187.

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