8915 COUNTY ROAD 44
About This Property
Presenting a rare opportunity to acquire prime acreage in a rapidly growing section of Lake County. This parcel may be combined with the adjacent listing on County Road 44 (8915 County Road 44, Leesburg, FL 34788) to create approximately 39 acres of contiguous land, offering significant potential for residential development or investment.
The property is ideally suited for builders, developers, or investors seeking to construct multiple single-family homes or design a custom residential community. The acreage provides flexibility, privacy, and strong long-term growth potential.
Lifestyle & Area Features:
Located in the heart of Lake County, this area is known for its natural beauty, abundant lakes, and vibrant local culture. Residents enjoy boating, fishing, and water recreation on the Harris Chain of Lakes, as well as nearby parks, nature preserves, and multi-use trails. The surrounding communities of Leesburg, Tavares, Mount Dora, and Eustis offer charming historic districts, waterfront dining, seasonal festivals, boutique shopping, and a welcoming small-town atmosphere.
Location:
The property offers convenient access to County Road 44 and US-441, providing connectivity to Leesburg, Tavares, Mount Dora, The Villages, and major retail, medical, and employment centers. This highly desirable corridor continues to experience steady residential and commercial growth, further supporting future development value.
This is an exceptional opportunity to secure a versatile acreage parcel in a sought-after location with strong lifestyle appeal and investor upside.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Price Increased |
$400,000
↑ $94K
(30.7%) | |
| Price Increased | |||
| Dec 4, 2025 | Listed by RE/MAX ASSURED | $306,000 | |
| Listed by RE/MAX ASSURED | |||
| Jul 24, 2024 | Relisted | $306,000 | |
| Relisted | |||
| Jul 22, 2024 | No longer available | - | |
| No longer available | |||
| Mar 4, 2024 | Price Decreased |
$306,000
↓ $102K
(25%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017