Magda Estates
Homes for Sale in Leesburg, FL
All 632 homes for sale in Leesburg, FL · median $285,000 · 138 homes for sale in 34788 · Lake County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
Over the 12 months ending 2026-09-20, 3 recorded sales closed at a median of $410,000, $228 per square foot, a median 52 days on market, sellers accepting 96% of original asking. Homes listed or recently sold were built 1985–1994. At the median price and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $6,830 ($6,160 with the full homestead exemption).
| Location | Leesburg, Lake County, FL · ZIP 34788 |
|---|---|
| Homes in the community | 69 (FL DOR 2025 assessment roll) |
| Years built | 1971–2001 (median 1986) |
| Typical living area | 1,896 sq ft (median) |
| Amenities listed by sellers | Security System |
| Sale prices, last 12 months | $410,000 median across 3 closed sales · $228 per sq ft |
| Days on market (closed sales) | 52 median |
| For sale right now | 0 active, 0 pending |
| Owner-occupied (homestead) share | 87% |
Data as of September 20, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Magda Estates key facts,” movewithmomentum.com/neighborhoods/magda-estates, data as of September 20, 2026.
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.
Nearby homes for sale
No active listings inside Magda EstatesHomes for Sale in Leesburg, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Magda Estates market snapshot (as of September 20, 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.
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.
County records show 7 qualified sales in Magda Estates across 2024–2025 (3 in 2024, 4 in 2025), median $339,900 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Magda Estates is a community of 69 homes in Leesburg, Lake County, built between 1971 and 2001 (median 1986), with a median living area of about 1,896 square feet. 87% 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.
The setting & the homes.
Aerial and on-site photos of Magda Estates. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Photos from Stellar MLS listings in Magda Estates; content deemed reliable but not guaranteed.
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 September 20 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 2004 through 2026. Deemed reliable but not guaranteed.
20% 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 (2026-09-20).
Magda Estates Market Scorecard
Magda Estates is currently a balanced market..
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Stellar MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Magda 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.
Magda 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.
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
- 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 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.
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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?
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?
Where is Magda Estates, and what county is it in?
Should you buy in Magda 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 22, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 20, 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 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 local comps.
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