Forty Eight Estates
Homes for Sale in Leesburg, FL
All 626 homes for sale in Leesburg, FL · median $285,000 · 140 homes for sale in 34788 · Lake County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
As of September 2026, Forty Eight Estates in Leesburg, FL has 1 home for sale. Homes listed or recently sold were built 1982–1991.
| Location | Leesburg, Lake County, FL · ZIP 34788 |
|---|---|
| Homes in the community | 121 (FL DOR 2025 assessment roll) |
| Years built | 1943–2023 (median 1986) |
| Typical living area | 1,492 sq ft (median) |
| Amenities listed by sellers | Closed Circuit Camera(s) |
| For sale right now | 1 active, 1 pending · median asking $224,900 · 6.0 months of supply |
| Owner-occupied (homestead) share | 67% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2005 through 2025; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Forty Eight Estates key facts,” movewithmomentum.com/neighborhoods/forty-eight-estates, data as of September 20, 2026.
Last 30 days in Forty Eight Estates: 1 new listing (median asking $219,900), 1 under contract right now. As of September 27, 2026, Listings courtesy of Stellar MLS as distributed by MLS GRID.
Price here is driven by condition and vintage, not by any single template. With a build range spanning 1943 to 2023 and a median year built of 1986, Forty Eight Estates is a mix of older stock and scattered newer construction, so what you pay tracks closely to how much updating a given home has had. The median living area sits under 1,500 square feet, which keeps this in modest-footprint territory; expect the spread between a dated original and a renovated home to be wide.
With a homestead share near two-thirds, most of these homes are owner-occupied, which tends to mean fewer forced sales and steadier inventory rather than a churn of investor flips. For a buyer, that argues for patience and a willingness to underwrite each property on its own merits. For a seller, it means condition and presentation carry the negotiation — a well-updated home stands out against the older baseline.
Forty Eight Estates right now
🟡 Balanced market. 6.0 months of supply and 50% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 20, 2026. Confidence: Low (2 active and pending listings, 0 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Forty Eight Estates is a small, established Leesburg community of about 123 homes in Lake County, weighted toward compact single-story footprints with a scattering of newer builds among decades-older stock.
Stellar MLS sales records identify 25 homes in Forty Eight Estates that have changed hands since 2008, built between 1964 and 2008 (median 1984), with a median living area of about 1,218 sq ft and a typical 3-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 4 qualified sales in Forty Eight Estates across 2024–2025 (3 in 2024, 1 in 2025), median $345,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
The setting & the homes.
Aerial and on-site photos of Forty Eight Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Photos from Stellar MLS listings in Forty Eight Estates; content deemed reliable but not guaranteed.
Who Forty Eight Estates is best for.
Best for
- Buyers seeking a manageable, sub-1,500-square-foot home who will budget for updates on older construction
- Value-minded buyers willing to compare condition carefully to find a renovated home that outperforms the median
- Long-hold owner-occupants who prefer an established, low-turnover setting over a high-churn investor market
Probably not for
- Buyers who require large floor plans or new-build uniformity
- Buyers who want move-in-ready with zero tolerance for aging systems or dated finishes
- Investors chasing rapid flip volume, given the high owner-occupancy and measured turnover
The market around Forty Eight Estates
Forty Eight Estates is too small for its own price trend, so here is the market around it.
In ZIP 34788, 181 homes are on the market and 20% are under contract — a steady corner of Leesburg.
Across Lake County, 3,234 homes are active and 1,077 pending (25% under contract).
In ZIP 34788 (Leesburg), 330 homes closed in the last 12 months at a median of $250K ($160/sq ft), down 2.7% year over year, with a median 69 days on market. Right now 81 active and 22 pending listings put supply at about 4.2 months — a buyer's market. See the live ZIP 34788 housing market and the Lake County market.
ZIP and county figures describe the wider market, not Forty Eight Estates specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Forty Eight Estates, Leesburg
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Forty Eight Estates
Live MLS inventory for Forty Eight Estates. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Forty Eight Estates listings as of 2026-09-26, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2005 through 2025. Tap any home to ask about it.
Forty Eight Estates on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Lake County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Treadway Elem · Elementary
- Tavares Middle · Middle
- Tavares High · High
Zoned schools reflect the assignments reported on recent Forty Eight Estates listings and can change; always confirm with Lake County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Forty Eight Estates address.
Shop the zone: Homes zoned for Tavares High High School
The Forty Eight Estates buying strategy.
If we were buying in Forty Eight Estates today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Forty Eight Estates.
A condition-driven pocket
The defining feature here is age variance. A median build year of 1986 with a range reaching back to 1943 tells you most homes have some history, and that history shows up in roof age, systems, and layout. Two homes a block apart can price very differently based purely on what has been touched since they were built.
The median living space of roughly 1,492 square feet points to efficient, single-story-scale homes rather than sprawling floor plans. That footprint suits buyers who want manageable square footage and are comfortable budgeting for updates on an older property. With owner-occupancy dominant, turnover is measured, so serious buyers should be ready to move when the right condition-and-price combination appears.
The location and the amenities are priced into every listing in Forty Eight Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community this varied by age and condition, the number that matters is the one specific to the house in front of you — not the neighborhood median. We walk each property with an eye on systems, roof, and update history, then price and negotiate off what's actually there. That discipline protects buyers from overpaying for cosmetics and helps sellers of updated homes prove why they sit above the older baseline.
Forty Eight Estates in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Forty Eight Estates buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Forty Eight Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Forty Eight Estates, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Forty Eight Estates home worth?
Get a no-obligation home value based on real comparable sales in Forty Eight Estates, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Leesburg →
18% of homes for sale in ZIP 34788 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Frequently Asked Questions
Is Forty Eight Estates a buyer's or seller's market right now?
How many homes are in Forty Eight Estates?
What share of Forty Eight Estates is owner-occupied?
When were the homes in Forty Eight Estates built?
Who is the best real estate agent for Forty Eight Estates?
How do I find a top Leesburg real estate agent who knows Forty Eight Estates?
Can Momentum Realty connect me with an agent for Forty Eight Estates?
Where is Forty Eight Estates, and what county is it in?
Should you buy in Forty Eight Estates?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 26, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 34788)) |
| Under-contract shares | Stellar MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (26 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Forty Eight Estates fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Forty Eight Estates with Momentum Realty’s local guides.