Padgett-Gray
Homes for Sale in Leesburg, FL
All 628 homes for sale in Leesburg, FL · median $289,000 · 451 homes for sale in 34748 · Lake County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 5 closed sales in Padgett-Gray Sub in Leesburg, FL since 2015, the most recent in July 2025. Across Leesburg as a whole, 834 homes closed in the last 12 months at a median of $282,000, 71 median days on market, with 311 homes for sale today. At that median and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $4,690 ($4,020 with the full homestead exemption).
Padgett-Gray is a small, established pocket of Leesburg with just 41 homes on record, and the build dates tell the real story: construction spans from 1940 to 2022, with a median year built of 1976. That range means two houses on the same street can be separated by decades of construction standards, systems, and finish levels, so condition — not just location — is doing most of the work in how any individual property is priced.
With a homestead share of 64.3%, a majority of owners here have filed for homestead exemption, which typically signals longer-term occupancy rather than a market dominated by investor turnover or short-term rentals. For a buyer, that usually means fewer flips hitting the market and more homes that come up for sale because an owner is genuinely moving on, not because someone is cycling inventory.
Nearby homes for sale
No active listings inside Padgett-Gray Sub 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
Padgett-Gray is a compact, established neighborhood in Leesburg where the housing stock ranges from homes built in 1940 to as recent as 2022, centered on a median year built of 1976 and a median living area of 1,632 square feet.
Stellar MLS sales records identify 10 homes in Padgett-Gray that have changed hands since 2011, built between 1974 and 1976 (median 1976), with a median living area of about 1,377 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.
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.
Who Padgett-Gray is best for.
Best for
- Buyers comfortable evaluating homes individually rather than relying on a uniform build standard across the subdivision
- Buyers seeking a modest-footprint home near the 1,632-square-foot median without paying for shared community amenities
- Buyers planning a longer hold who value a neighborhood with a strong homestead-occupancy base
Probably not for
- Buyers who want a newly built, single-phase subdivision with consistent construction dates throughout
- Buyers whose budget assumes minimal near-term capital repairs, given the presence of homes built as early as 1940
- Buyers prioritizing on-site community amenities, since none have been identified in current listings
The market around Padgett-Gray
Padgett-Gray is too small for its own price trend, so here is the market around it.
In ZIP 34748, 583 homes are on the market and 18% are under contract — a slower corner of Leesburg.
Across Lake County, 3,179 homes are active and 1,077 pending (25% under contract).
In ZIP 34748 (Leesburg), 1,080 homes closed in the last 12 months at a median of $290K ($160/sq ft), down 2.4% year over year, with a median 70 days on market. Right now 244 active and 62 pending listings put supply at about 5.0 months — a buyer's market. See the live ZIP 34748 housing market and the Lake County market.
ZIP and county figures describe the wider market, not Padgett-Gray specifically. Momentum Research analysis of MLS records.
Padgett-Gray by the numbers
From county property records and closed MLS sales for the Padgett-Gray subdivision: 8 homes on record; built 1974–1976; typical size about 1,390 heated sq ft; 3 bedrooms is the median. Housing mix: single-family 100%.
| Year | Recorded sales | Median price |
|---|---|---|
| 2015 | 1 | $55,000 |
| 2017 | 1 | $145,000 |
| 2021 | 1 | $145,000 |
| 2022 | 1 | $248,000 |
| 2024 | 1 | $280,000 |
| 2025 | 2 | $261,250 |
Newest recorded sale: $242,500 on 2025-07-24.
Recorded data as of 2026-09-12; counts cover addresses tagged to this subdivision in the public record, not every parcel. Not an appraisal.
The Padgett-Gray buying strategy.
If we were buying in Padgett-Gray 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 Padgett-Gray.
A Mixed-Era Neighborhood
The defining trait of Padgett-Gray is its age spread. With homes dating back to 1940 sitting alongside construction as recent as 2022, and a median year built of 1976, this is not a subdivision built out in one phase with a uniform look and consistent systems. Buyers should expect real variation in roof age, electrical and plumbing updates, and layout style from one listing to the next, which makes a careful inspection more important here than in a newer, single-phase development.
At a median living area of 1,632 square feet, homes here tend toward a modest, efficient footprint rather than sprawling floor plans. No community amenities have been identified from current MLS listings, so this reads as a straightforward residential subdivision — value is tied to the individual lot and structure, not to a clubhouse, pool, or shared recreation package.
The location and the amenities are priced into every listing in Padgett-Gray. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small, mixed-vintage subdivision like Padgett-Gray, the difference between a good buy and an expensive mistake usually comes down to how closely a home's age and condition were vetted before an offer went in. We walk buyers through what a home's build year and system age actually mean for near-term costs, and we help sellers position an older or updated property honestly against the rest of the 41-home inventory.
Padgett-Gray 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 Padgett-Gray 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 Padgett-Gray sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Padgett-Gray, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Padgett-Gray home worth?
Get a no-obligation home value based on real comparable sales in Padgett-Gray, 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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Should you buy in Padgett-Gray?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2015 (5 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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Common questions about Padgett-Gray
Where is Padgett-Gray?
Padgett-Gray is a community in Leesburg, Lake County, Florida, ZIP 34748.
How many homes are in Padgett-Gray?
County property records list 8 homes in Padgett-Gray, built between 1974 and 1976; the typical home is about 1,390 heated square feet.
What do homes in Padgett-Gray sell for?
Padgett-Gray has no MLS sales in the last 12 months. The most recent year with recorded sales on file is 2025 (2 sales, median $261,250). For context, ZIP 34748 has 583 homes on the market with 18% under contract.
Are there homes for sale in Padgett-Gray right now?
No active listings inside Padgett-Gray at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Padgett-Gray have an HOA or CDD?
No HOA is on record for Padgett-Gray in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
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