Magda Estates
Homes for Sale in Leesburg, FL
True comps, carrying-cost math, and listings before the portals.
In Magda Estates, price is driven less by the calendar than by condition. The homes here were built across roughly three decades, with the middle of the range landing in the mid-1980s, so what you pay reflects how much updating an individual house has absorbed since. The median sits at $410,000, or about $228 per square foot on a median footprint just over 1,900 square feet — but expect a wide spread between updated and original-condition properties around that number.
Days on market run around 52, which is a measured, negotiable pace rather than a bidding-war environment. For buyers that means time to inspect and to price a home on its actual condition. For sellers it means presentation and realistic pricing matter; a well-prepared home moves, an as-is holdout tends to sit and drift on price.
The 60-Second Overview
Magda Estates market snapshot (as of July 15, 2026): the median sale price is about $410K ($228 per sq ft over the trailing 12 months of closed sales), and a median 52 days on market for closed sales.
Magda Estates is a community of 72 homes in Leesburg, Lake County, built between 1971 and 2001 (median 1986.5), with a median living area of about 1,930 square feet. 88% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Magda Estates is a small, established pocket of 72 homes in Leesburg, built between 1971 and 2001, where an owner-occupant majority (roughly 88% homestead) keeps turnover low and the housing stock stable.
Who Magda Estates is best for.
Best for
- Long-hold buyers who value a stable, low-turnover community and plan to stay put
- Buyers with a renovation budget who want to buy an original-condition home below the median and update it
- Owner-occupants targeting the mid-$400s who want more usable square footage than a newer, smaller build
Probably not for
- Buyers who need to resell quickly, given the slow turnover and limited comps
- Anyone wanting a wide selection to tour at once, since inventory across 72 homes is thin
- Buyers with no appetite for aging-systems risk who want a fully turnkey, no-work purchase
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 ($410K) IS the median in the snapshot above.
Windows contain 0 to 3 sales each (3 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
The Magda Estates buying strategy.
If we were buying in Magda 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 Magda Estates.
An established enclave that trades on condition
With only 72 homes and a homestead share near 88%, inventory here is thin and turnover is slow. That is a double-edged fact: it lends stability, but it also means the handful of homes that do list carry real weight, and comparable sales are limited within the community itself.
The build range of 1971 to 2001 tells you what to underwrite. Roofs, HVAC, plumbing, and electrical on the older half of the stock may be at or past typical service life, and the median square footage near 1,930 gives you room to work with rather than a compact box. The homes that command the top of the range are the ones that have already addressed those systems; the ones priced below it usually haven't.
The location and the amenities are priced into every listing in Magda Estates. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 72-home community with limited sales and a 52-day pace, the number that matters is not the median — it's what a specific home's condition is worth against it. We price and negotiate off systems, updates, and inspection findings, not off a generic per-foot figure, and in a thin market that discipline is what keeps buyers from overpaying and sellers from sitting.
Magda Estates 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 Magda 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 Magda Estates sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magda 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 Magda Estates home worth?
Get a no-obligation home value based on real comparable sales in Magda 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 homes for sale in Magda Estates on the map →
Frequently Asked Questions
What is the median home price in Magda Estates?
How long do homes in Magda Estates take to sell?
How many homes are in Magda Estates?
What share of Magda Estates is owner-occupied?
When were the homes in Magda Estates built?
Do cash buyers compete in Magda Estates?
Who is the best real estate agent for Magda Estates?
How do I find a top Leesburg real estate agent who knows Magda Estates?
Can Momentum Realty connect me with an agent for Magda Estates?
Should you buy in Magda Estates?
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 (3 streets, ZIP 34788)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2004 (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 your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.