Listing provided courtesy of LPT REALTY, LLCas Distributed by MLSGrid- MLS# MFRO6395290MLS Provider

589 S LEONA AVENUELECANTO, FL 34461

Vacant Land · 7.36 Acres
$699,900 Active

589 S LEONA AVENUE Overview

Time on Site:
71 days
Visits:
1

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.

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589 S LEONA AVENUE Facts & Features

  • Type Vacant Land
  • Lot 7.36 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • Elementary School: Forest Ridge Elementary School
  • Middle Or Junior School: Lecanto Middle School
  • High School: Lecanto High School

Business Information

  • Current Use: Multi Family

Location/Region

  • Country: US
  • County Or Parish: Citrus
  • MLS Area Major: 34461 - Lecanto
  • Subdivision Name: MAYFIELD ACRES UNREC
  • Township: 19S

Tax Information

  • Tax Annual Amount: 1813.85
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 18E-19S-02-0000-1A580
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: MDRMH

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Units: Square Feet

General Information

  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Buildable
  • Lot Size Acres: 7.36
  • Lot Size Dimensions: 331x979
  • Lot Size Square Feet: 320583
  • Road Surface Type: Dirt
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Direction Faces: North

General Information

  • Fencing: Partial
  • Other Structures: Utility Building(s)
  • Road Frontage Type: County Road
  • Sewer: Septic Needed
  • Utilities: Electrical Nearby,Water Available,Water Nearby

589 S LEONA AVENUE Neighborhood

Community

34461 (LECANTO) Demographics

56
Median Age
253
Population Density (per sq. mile)
30%
College Educated
$45,598
Estimated Median Income
3,829
Estimated Total Home Owners
713
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

589 S LEONA AVENUE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

589 S LEONA AVENUE Market Data

Based on the last 30 days in this zip code

$467,890
Average List Price
$221
Average Price per Square Foot
7
Properties Sold
122
Average Days on Market
58
Properties for Sale
Calculations provided by Reliance Network

589 S LEONA AVENUE History

Date Event Value Agent
5/28/2026Source: My Florida Regional MLS Price Reduction
$699,900 -4.1%
4/20/2026Source: My Florida Regional MLS Added to Database
April 20, 2026