Highland Lakes Ph 3
Homes for Sale in Leesburg, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Highland Lakes Ph 3 is a built-out enclave of 214 homes in Leesburg, all delivered between 1993 and 2006 with a median build year of 1995. That tight vintage band is the first thing setting price here: you are not buying new construction, you are buying condition. The homes that have been updated will command a premium over those still wearing their original finishes, and the spread between the two can be wide even at similar square footage.
With a homestead share of roughly 83%, this is overwhelmingly an owner-occupied community rather than an investor pool, which tends to keep turnover measured and inventory thin. Only a couple of closings sit in the current window, so a single sale moves the read. Buyers should expect to compete on well-kept, move-in-ready listings and should underwrite dated homes on renovation cost, not list price alone.
Highland Lakes Ph 3 right now
🟡 Still climbing. The trailing-12-month median ($250K) is up 0.0% from the prior 12 months ($250K) and up 120% since 2012. With about 23 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending July 15. Confidence: Very High (45 and 47 sales in the two windows).
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Updated July 15, 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
Highland Lakes Ph 3 market snapshot (as of July 15, 2026): the median sale price is about $250K ($156 per sq ft over the trailing 12 months of closed sales), and a median 101 days on market for closed sales. The trailing-12-month median is up 0% from the prior 12 months and up 120% since 2012, computed from record-level Stellar MLS closed sales (45 closings in the current window).
Highland Lakes Ph 3 is a community of 1,076 homes in Leesburg, Lake County, built between 1970 and 2024 (median 1994), with a median living area of about 1,529 square feet. 78% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
A stable, built-out Leesburg community of 214 homes from the 1990s and early 2000s, where the practical variable is not location or lot but how much updating each individual home has had.
Who Highland Lakes Ph 3 is best for.
Best for
- Owner-occupant buyers seeking a settled, low-turnover community rather than a rental-heavy one
- Buyers comfortable pricing in renovation or system-replacement costs on a 1990s-to-2000s home
- Right-sizing buyers targeting a manageable single-story-era footprint around 1,860 square feet
Probably not for
- Buyers set on new construction or modern open-concept floor plans
- Investors looking for a rental-dominant community with high turnover
- Buyers who need a wide selection at any given moment, given thin inventory here
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($250K) IS the median in the snapshot above, and the move from 2025 ($250K) IS the +0.0% one-year change.
Windows contain 0 to 64 sales each (45 in the current window); every figure carries its sample size. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
The Highland Lakes Ph 3 buying strategy.
If we were buying in Highland Lakes Ph 3 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 Highland Lakes Ph 3.
Condition, not vintage, writes the check
The median living area here sits around 1,860 square feet, and with the whole community built inside a roughly 13-year window, floor plans and bones are broadly comparable across the neighborhood. That works in a buyer's favor: it is easier to judge whether a given home is priced for its condition when the underlying product is this consistent.
Because the newest homes here date to 2006, roofs, HVAC systems, water heaters, and kitchens are all on their second or third life by now. Ask for the age of major systems on every showing. A home that reads as expensive on paper may be the better value if its big-ticket components have already been replaced, while a lower ask can evaporate once you price out a roof and an air handler.
The location and the amenities are priced into every listing in Highland Lakes Ph 3. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Highland Lakes Ph 3 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.4). Basis: Long-Term Appreciation +120% since 2012; Recent Direction +0.0% year-over-year; Owner Commitment 78% owner-occupied; Pricing Power 91.1% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With so few recent closings, the pricing signal in Highland Lakes Ph 3 is easy to misread from a portal estimate. We track the actual condition and system age behind each comparable sale, so we can tell you whether a listing is priced for a renovated home or a project one — and negotiate accordingly.
Highland Lakes Ph 3 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- 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 Highland Lakes Ph 3 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 Highland Lakes Ph 3 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Highland Lakes Ph 3, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Highland Lakes Ph 3 home worth?
Get a no-obligation home value based on real comparable sales in Highland Lakes Ph 3, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Highland Lakes Ph 3?
How long do homes in Highland Lakes Ph 3 take to sell?
How many homes are in Highland Lakes Ph 3?
What share of Highland Lakes Ph 3 is owner-occupied?
When were the homes in Highland Lakes Ph 3 built?
Do cash buyers compete in Highland Lakes Ph 3?
Have Highland Lakes Ph 3 home prices gone up?
Who is the best real estate agent for Highland Lakes Ph 3?
How do I find a top Leesburg real estate agent who knows Highland Lakes Ph 3?
Can Momentum Realty connect me with an agent for Highland Lakes Ph 3?
Should you buy in Highland Lakes Ph 3?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (30 streets, ZIP 32720/34748/34788)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2004 (600 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.
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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 your area comps.
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