Kings Peninsula
Homes for Sale in Leesburg, FL

Kings Peninsula market snapshot (as of September 12, 2026): the median sale price is about $325K ($229 per sq ft over the trailing 12 months of closed sales), a median 24 days on market for closed sales, and 3.0 months of supply, a balanced market. The trailing-12-month median is down 9% from the prior 12 months, computed from record-level Stellar MLS closed sales (3 closings in the current window).

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.

Stellar MLS sales records identify 17 homes in Kings Peninsula that have changed hands since 2015, built between 1994 and 2003 (median 1995), with a median living area of about 1,488 sq ft and a typical 3-bedroom, 2-bath layout. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Kings Peninsula sits in Leesburg, Lake County, with pricing and pace driven almost entirely by the individual home rather than shared community features.

With no community amenities identified from current MLS listings, Kings Peninsula's value proposition is straightforward: location on the peninsula and the condition of the specific structure carry the price. That shows up in the spread implied by a $229.66 median price per square foot — a figure that reflects the mix of homes trading here more than any shared feature buyers are paying into.

At a median of 29 days on market, homes here are neither sitting nor flying off the list. That pace, combined with a thin closings window of 4 transactions, means each new listing and each recent sale carries real weight in setting expectations for the next one. Buyers and sellers alike should treat comparables here as a starting point for negotiation, not a fixed number.

In a market with only a handful of recent closings and no shared amenity package to anchor value, pricing a home in Kings Peninsula correctly depends on reading condition, lot position, and the most current comparable sales — not a generic community average. We track these numbers as they update and price accordingly, whether you are listing or making an offer.

Listings in this community report association dues of about $12 per month — the median AssociationFee across 55 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.