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$330,000

4020 Magnolia Dr

Leesburg, FL
Active
5
Bedrooms
3
Bathrooms
3,037
Square Feet
0.58
Lot Size (acres)
1966
Year Built
9
Days On Market

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!

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Listing Information

Listing Updated
7 days ago
Listed By
Elliot Shugan, 4077557588 · THE SHUGAN GROUP INC, 4077557588
MLS#
O6444187
Source
Stellar MLS
Status
Active

Facts & Features

Location

Community Information

Address
4020 Magnolia Dr, Leesburg, FL 34748
City
Leesburg
County
Lake
Neighborhood
RAVENSWOOD PARK
Zip Code
34748

Architecture

Bedrooms
5
Bathrooms
3
Stories
1
Year Built
1966
Construction Materials
Stucco, Brick, Block
Building Area
3,037 sq. ft.
Foundation
Slab
Roof
Shingle
Levels
One
Garage Spaces
0

Features & Amenities

Interior Features
Walk-In Closet(s), In-Law Floorplan
Appliances
Refrigerator, Range, Range Hood
Flooring
Laminate, Carpet, Ceramic Tile
Cooling
Central Air
Heating
Central

Property Features

Lot Size
0.58 Acres
Water
Public
Sewer
Septic Tank

Square Footage

Total
2,854 sq. ft.

Tax & Financial Information

List Price
$330,000
Annual Taxes
$1,908

Schools

75/100
Leesburg Elementary School
Elementary · Grades PK–05 · 2.2 mi
Assigned school for this home
City
Leesburg
Students
794
Parent reviews
5.0★ avg · 1 review
Student body
42% White · 33% Black · 17% Hispanic / Latino
Free/reduced lunch
53%
Phone
(352) 365-6308
50/100
Oak Park Middle School
Middle · Grades 06–08 · 2.1 mi
Assigned school for this home
City
Leesburg
Students
517
Parent reviews
1.0★ avg · 1 review
Student body
36% Black · 31% White · 23% Hispanic / Latino
Free/reduced lunch
63%
Phone
(352) 787-3232
49/100
Leesburg High School
High · Grades 09–12 · 2.5 mi
Assigned school for this home
City
Leesburg
Students
1,593
Parent reviews
1.0★ avg · 1 review
Student body
54% White · 29% Black · 12% Hispanic / Latino
Free/reduced lunch
38%
Phone
(352) 787-5047
73/100
Humanities And Fine Arts Charter School
Elementary · Grades KG–05 · 2.9 mi
City
Leesburg
Parent reviews
5.0★ avg · 1 review
Phone
(352) 315-4322
55/100
Carver Middle School
Middle · Grades 06–08 · 3.8 mi
City
Leesburg
Students
792
Student body
42% White · 28% Black · 21% Hispanic / Latino
Free/reduced lunch
59%
Phone
(352) 787-7868
54/100
Rimes Early Learning & Literacy Center
Elementary · Grades PK–02 · 4.2 mi
City
Leesburg
Students
228
Student body
38% White · 29% Black · 22% Hispanic / Latino
Free/reduced lunch
75%
Phone
(352) 787-5757
51/100
Beverly Shores Elementary School
Elementary · Grades PK–05 · 4 mi
City
Leesburg
Students
615
Student body
50% Black · 21% White · 19% Hispanic / Latino
Free/reduced lunch
71%
Phone
(352) 787-4175
50/100
Lake Academy Leesburg
Grades M–M · 4.5 mi
City
Leesburg
Students
82
Parent reviews
1.0★ avg · 1 review
Student body
37% Black · 33% White · 16% Hispanic / Latino
Free/reduced lunch
73%
Phone
(352) 315-7890

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
09/25/2026Listed for sale$330,000

Listed by Elliot Shugan · THE SHUGAN GROUP INC · 4077557588

Listing information 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. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: September 26, 2026 at 10:55 AM | Source: Stellar MLS | MLS#: O6444187

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