PRICE IMPROVEMENT! HOME WARRANTY INCLUDED! Exceptional investment opportunity on 7.5 fully fenced and gated acres, zoned agricultural and offering multiple paths to value. This unique property features two separate homes on individual parcels, each with its own well, septic, and utilities—a rare setup ideal for rental income, redevelopment, or future subdivision. The main residence is a 4-bedroom, 2-bath home with a large bonus room featuring a wet bar, easily adaptable for additional living space, a home office, or rental potential. The second dwelling, while in need of updates, provides value-add upside and flexibility for long-term rental, short-term use, or multi-generational living. With ample acreage, the property supports a wide range of income-producing or development options, including agricultural use, equestrian facilities, hobby farming, or a subdivide opportunity. Located in a peaceful rural setting yet just minutes from Brownwood Town Square in The Villages, the property benefits from proximity to one of Florida’s most active and rapidly growing markets. Easy access to major highways provides convenient travel to both coasts’ beaches and Orlando’s theme parks, enhancing long-term desirability. Whether you’re seeking a cash-flow opportunity, land investment, or value-add project, this property delivers flexibility, location, and upside. Check out this rare offering and schedule your private showing today.
For sale
Price cut: $15K (3/5)
$379,900
1151 Emma Ln, Leesburg, FL 34748
4beds
2,280sqft
Est.:
Manufactured Home, Single Family Residence
Built in 2003
7.5 Acres Lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
Home officePeaceful rural setting
- 464 days |
- 948 |
- 85 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 01:28pm
Listing Provided by:
Ashley Robey, LLC 352-504-1030,
ERA GRIZZARD REAL ESTATE 352-787-6966,
Michael Deegan 603-923-1592,
ERA GRIZZARD REAL ESTATE
Source: Stellar MLS,MLS#: G5086659
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bonus Room
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom, Built-in Closet
- Level: First
- Area: 180 Square Feet
- Dimensions: 15x12
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 4
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
- Area: 132 Square Feet
- Dimensions: 12x11
Primary bathroom
- Features: Dual Sinks, Garden Bath, Shower No Tub, Built-in Closet
- Level: First
Bathroom 2
- Features: Tub With Shower, Built-in Closet
- Level: First
- Area: 50 Square Feet
- Dimensions: 5x10
Dining room
- Level: First
- Area: 120 Square Feet
- Dimensions: 12x10
Family room
- Features: Wet Bar
- Level: First
- Area: 364 Square Feet
- Dimensions: 26x14
Kitchen
- Features: Pantry, Storage Closet
- Level: First
- Area: 196 Square Feet
- Dimensions: 14x14
Laundry
- Level: First
- Area: 60 Square Feet
- Dimensions: 6x10
Living room
- Features: Ceiling Fan(s)
- Level: First
- Area: 300 Square Feet
- Dimensions: 20x15
Heating
- Electric, Heat Pump
Cooling
- Central Air
Appliances
- Included: Oven, Dishwasher, Electric Water Heater, Exhaust Fan, Range, Refrigerator
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Dry Bar, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Wet Bar, In-Law Floorplan
- Flooring: Carpet, Laminate, Vinyl
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 5,073
- Total interior livable area: 2,280 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Other
- Fencing: Chain Link
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 7.5 Acres
- Features: Street Dead-End
Details
- Additional structures: Residence, Guest House
- Parcel number: 291924000200002003
- Zoning: A
- Special conditions: None
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Manufactured Home, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Septic Tank
- Water: See Remarks, Well
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Leesburg
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $490,714
- Annual tax amount: $2,986
- Date on market: 12/3/2024
- Cumulative days on market: 464 days
- Listing terms: Cash,Conventional,USDA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Gravel, Other
- Body type: Double Wide
Estimated market value
Not available
Estimated sales range
Not available
$1,956/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $379,900-3.8%$167/sqft |
Source:  Stellar MLS #G5086659 Report a problem | ||
| 2/4/2026 | Price change | $394,900-1.3%$173/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 12/31/2025 | Price change | $399,900-5.9%$175/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 11/10/2025 | Price change | $425,000-0.9%$186/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 10/14/2025 | Price change | $429,000-2.3%$188/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 8/25/2025 | Price change | $439,000-1.1%$193/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 8/1/2025 | Price change | $444,000-1.1%$195/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 6/13/2025 | Price change | $449,000-8.3%$197/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 5/28/2025 | Price change | $489,900-2%$215/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 4/25/2025 | Price change | $499,900-1.8%$219/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 4/17/2025 | Price change | $509,000-3.8%$223/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 1/27/2025 | Price change | $529,000-0.2%$232/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 12/17/2024 | Price change | $529,900-3.6%$232/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 12/3/2024 | Listed for sale | $549,900+139.1%$241/sqft |
Source: Stellar MLS #G5086659 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/22/2018 | Listing removed | $230,000$101/sqft |
Source: Owner Report a problem | ||
| 7/12/2018 | Listed for sale | $230,000-32.3%$101/sqft |
Source: Owner Report a problem | ||
| 8/2/2015 | Listing removed | $339,900$149/sqft |
Source: CENTURY 21/CARLINO REALTY #G4807525 Report a problem | ||
| 3/11/2015 | Price change | $339,900-2.9%$149/sqft |
Source: Century 21 Carlino Realty, Inc. #G4807525 Report a problem | ||
| 1/16/2015 | Listed for sale | $349,900+52.1%$153/sqft |
Source: Century 21 Carlino Realty, Inc. #G4807525 Report a problem | ||
| 10/18/2005 | Sold | $230,000+253.8%$101/sqft |
Source: Public Record Report a problem | ||
| 4/13/1999 | Sold | $65,000+30%$29/sqft |
Source: Public Record Report a problem | ||
| 3/20/1995 | Sold | $50,000$22/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,570 +3% | $227,200 +2.9% |
| 2024 | $3,466 +16.1% | $220,800 +3% |
| 2023 | $2,986 +14.8% | $214,370 +3% |
| 2022 | $2,600 +3.6% | $208,130 +3% |
| 2021 | $2,511 -3.4% | $202,073 +1.4% |
| 2020 | $2,600 +1.6% | $199,284 +2.3% |
| 2019 | $2,558 +5.5% | $194,804 +1.9% |
| 2018 | $2,426 | $191,172 +2.1% |
| 2017 | $2,426 +5.2% | $187,240 +1% |
| 2016 | $2,306 -0.6% | $185,370 +0.7% |
| 2015 | $2,320 -1.9% | $184,082 +0.8% |
| 2014 | $2,365 +52.8% | $182,622 +1.5% |
| 2013 | $1,548 -4% | $179,952 -1.5% |
| 2011 | $1,612 -15.6% | $182,751 -8.9% |
| 2010 | $1,909 -3.7% | $200,677 -2.4% |
| 2009 | $1,982 -6.2% | $205,562 -4.1% |
| 2008 | $2,113 -12.3% | $214,374 +3% |
| 2007 | $2,409 -4.3% | $208,131 +2.5% |
| 2006 | $2,516 +42.9% | $203,055 +55% |
| 2005 | $1,761 +4.3% | $131,041 |
| 2004 | $1,689 +202.3% | -- |
| 2003 | $559 -39.6% | $57,342 -0.1% |
| 2002 | $925 | $57,402 -0.1% |
| 2001 | $925 -1.6% | $57,439 |
| 2000 | $941 | $57,439 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,342/mo
Principal & interest
$1842
Property taxes
$500
More affordability tools
Climate risks
Neighborhood: 34748
Nearby schools
GreatSchools rating
- 1/10Leesburg Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 2/10Oak Park Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Leesburg High SchoolGrades: 9-12Distance: 2.5 mi
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