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$635,000

589 S LEONA AVENUE, LECANTO, FL 34461

3D Tour
Active114 days on market

Beds

Baths

0

Sq Ft

Year Built

Lot Size

7.36 acres

Garage

About This Property

Prime development opportunity in the heart of Lecanto! This 7.36-acre parcel offers a rare combination of size, zoning, and location, making it ideal for a residential or workforce housing community. Zoned MDR-MH (Medium Density Residential – including mobile homes), the property provides flexibility for a variety of development options including a mobile home park, tiny home community, or small rural subdivision. The property features approximately 331 feet of road frontage and nearly 1,000 feet of depth, creating an ideal layout for a thoughtfully designed community with internal road circulation. A conceptual site plan envisions up to 28 homesites arranged around a private oval roadway with a dedicated entrance off S Leona Ave, incorporating infrastructure such as street lighting, centralized mail stations, and fire hydrant access. The property is currently has a improved with an existing 3,600 SF residence and multiple structures with no contributory value and need to be demolished, offering flexibility for redevelopment or interim use. The land is partially cleared with mature trees providing natural privacy buffers, while the surrounding area reflects a mix of residential uses. The highest and best use is to capitalize on the existing mobile home zoning and meet the growing demand for affordable housing in the area. Located in a rapidly growing area of Citrus County, the property benefits from strong population trends and increasing demand for attainable housing options. Additionally, the property is situated in Flood Zone X, minimizing flood risk concerns for future development. This is a compelling opportunity for builders, investors, or developers seeking to unlock the full potential of a well-located, properly zoned development site.

Property Overview

Property TypeLand
MLS #O6395290
StatusActive
FacesNorth
SubdivisionMAYFIELD ACRES UNREC
CountyCitrus
OwnershipFee Simple

Interior Features

Exterior & Lot

FencingPartial
Other StructuresUtility
Lot Size7.36 acres (320,583 sq ft)
Lot Dimensions331 x 979
Lot FeaturesBuildable
Road SurfaceDirt
0

Utilities

WaterWell
SewerSeptic Needed
UtilitiesElectrical Nearby, Water Available, Water Nearby

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$635,000
Original Price$730,000
Annual Taxes$1,814 (2025)
FinancingCash, Conventional
ZoningMDRMH
Parcel #18E19S0200001A580

Schools

ElementaryForest Ridge Elementary School
MiddleLecanto Middle School
HighLecanto High School

Directions

Florida's Tpke to FL-44 W in Sumter County. Take exit 307 from Florida's Tpke. to Follow FL-44 W to S Leona Ave in Lecanto

Location

589 S LEONA AVENUE, LECANTO, FL 34461

Listing Information

OfficeLPT REALTY, LLC
ListedApril 20, 2026

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Home Price

$635,000

20% ($127,000)
6.75%

Loan Term

Principal & Interest$3,295
Property Tax (est.)$582
Insurance (est.)$150
Total Monthly$4,027
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Nearby Schools

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: August 12, 2026.

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