Padgett-Gray Sub
Homes for Sale in Leesburg, FL
True comps, carrying-cost math, and listings before the portals.
Padgett-Gray Sub 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.
Who Padgett-Gray Sub 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 Sub
Padgett-Gray Sub is a small community — 1 recorded sale on file, most recently in 2015 — too few for its own price trend. Here is the market around it.
Across Lake County, 3,176 homes are active and 1,107 pending (26% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not Padgett-Gray Sub specifically. Momentum Research analysis of MLS records.
The Padgett-Gray Sub buying strategy.
If we were buying in Padgett-Gray Sub 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 Sub.
A Mixed-Era Neighborhood
The defining trait of Padgett-Gray Sub 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 Sub. 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 Sub, 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 Sub 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 Padgett-Gray Sub 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 Sub 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 Sub, 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 Sub home worth?
Get a no-obligation home value based on real comparable sales in Padgett-Gray Sub, 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
How many homes are in Padgett-Gray Sub?
What share of Padgett-Gray Sub is owner-occupied?
When were the homes in Padgett-Gray Sub built?
Who is the best real estate agent for Padgett-Gray Sub?
How do I find a top Leesburg real estate agent who knows Padgett-Gray Sub?
Can Momentum Realty connect me with an agent for Padgett-Gray Sub?
Should you buy in Padgett-Gray Sub?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (2 streets, ZIP 34748)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| 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 your area comps.
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