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$299,900
3 Beds 2 Baths Silver Lake Estates SubDv. 34788 Zip Code
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.

8725 Treasure Island Road, Leesburg

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Silver Lake Estates, Leesburg

Silver Lake Estates is a neighborhood in east Leesburg, in the 34788 zip code, built mostly in the 1970s. Homes are block and wood frame, predominantly single story. Most homes fall between about 1,600 and 4,300 square feet under air, the median lot is about 1.28 acres, and a two car garage is standard.

Most of Silver Lake Estates carries no mandatory HOA.

Leesburg Dog Park, Twin Lakes Park, Treadway Elementary School and Leesburg Christian Preparatory School sit inside the subdivision.

What the homes are

  • Built Mostly built in the 1970s, with homes from 1920 to 2026.
  • Construction Block and wood frame. Shingle roofs are near universal.
  • Style Traditional, Ranch, Custom. Predominantly single story.
  • Size Most homes fall between about 1,600 and 4,300 square feet under air.
  • Bedrooms Three bedrooms is the most common plan, then four.
  • Garage A two car garage is standard.
  • Lot The median lot is about 1.28 acres.
  • HOA Most of the neighborhood carries no mandatory HOA. Confirm on a specific parcel before relying on it.

Where Silver Lake Estates is

Silver Lake Estates, centered at 28.840176, -81.793695. Drag to explore.

Drive times below are measured on the road network from the center of Silver Lake Estates, not straight-line distance, in free-flowing traffic. Treat them as the floor rather than the school-run average.

Driving toTimeMiles
Downtown Orlando62 min44.7
Walt Disney World67 min55.1
AdventHealth Waterman16 min7.0
Downtown Mount Dora23 min11.6

Public schools nearby

  • Treadway Elementary School 5 min, 1.6 mi

Private schools nearby

  • Leesburg Christian Preparatory School 5 min, 1.7 mi
  • Palm Tree Academy 7 min, 2.6 mi

Parks and recreation

  • Leesburg Dog Park 4 min, 1.0 mi
  • Twin Lakes Park 8 min, 3.4 mi
  • Sabal Bluff Preserve 8 min, 3.6 mi

Groceries and errands

  • Publix Super Market at Shoppes of Lake Village 8 min, 2.3 mi
  • Cigarette Outlet 8 min, 2.6 mi

Nearest is not the same as zoned. The schools above are the closest ones to Silver Lake Estates by distance. School attendance zones are set by the district, change from year to year, and can differ street to street inside one neighborhood. Confirm the assignment for a specific address with Lake County Public Schools before it matters to a decision.

Places and drive times from Google, checked 14 September 2026. Businesses open and close; if something here has changed, tell me and I will correct it.

This page tracks what homes in Silver Lake Estates actually sold for over the last twelve months, how long they took, and what moved the price. It is built from 16 verified closed sales in the Stellar MLS feed, not from public estimates. Every figure is a net-of-concessions number, which is explained at the bottom. Updated September 2026.

What homes sold for in Silver Lake Estates

$355,034Median sale price
$193Median per square foot
92 daysMedian days to contract
16Homes sold in 12 months

Sale prices ran from $289,779 to $910,000, which is a wide spread and the reason a single neighborhood median is a starting point rather than an answer.

By size

Home sizeSalesMedian priceMedian $/sq ftMedian days
Under 2,000 sq ft4$339,638$19518 days
2,000 to 3,000 sq ft8$355,034$15884 days
3,000 sq ft and up4$766,850$183164 days

Larger homes usually show a lower price per square foot. That is normal and it is why a price per foot taken from the whole neighborhood should never be applied straight to one house.

Homes priced right sold far faster

Median days to go under contract. Shorter is better.

Never reduced 11 sales, closed at 97.1% of asking26 days
Reduced at least once 5 sales, closed at 93.8% of the reduced price140 days

Sellers who priced correctly and held their number went under contract in a median 26 days. Sellers who had to reduce took 140 days and still closed at 93.8% of their already reduced price, after a typical cut of $24,000. Opening high costs time and money, in that order.

Seller concessions

69%Of sales included a seller credit
$12,800Typical credit when there was one
11 of 16Sales carrying a credit

A seller credit covers part of the buyer's closing costs and comes off the seller's proceeds, so the headline sale price overstates what the seller kept. Budget for it if you are selling, and ask for it if you are buying.

How buyers paid

Conventional 9 sales56%
FHA 3 sales19%
VA 2 sales12%
Cash 2 sales12%

Cash was 12% of purchases. A high cash share means a seller has buyers who do not depend on an appraisal, and a buyer using a loan is competing against offers that can close faster.

Questions about a specific home in Silver Lake Estates, or want to know what yours would sell for?
Call or text Brenden Rendo at 407-616-9019 or send a message.

About this data. Source is the Stellar MLS feed for Silver Lake Estates in Leesburg, Lake County, covering closed sales from 19 September 2025 through 14 September 2026, refreshed monthly and current as of September 2026. Prices are net of seller concessions, so they reflect what the seller actually received rather than the headline number. One record was excluded as an off-market transfer rather than an open market sale. Data believed accurate but not guaranteed; listings and closings change daily.