Pelican Isle Estates
Homes for Sale in Leesburg, FL

Pelican Isle Estates, 1st Add is a small platted subdivision in Leesburg, Lake County, without a distinct amenity package identified in current MLS listings — meaning any appeal here is tied to the homes and lots themselves rather than a shared clubhouse, pool, or recreation system.

Stellar MLS sales records identify 23 homes in Pelican Isle Estates that have changed hands since 2004, built between 1984 and 2004 (median 1991), with a median living area of about 1,512 sq ft and a typical 2-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.

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.

Pelican Isle Estates 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), 1,072 homes closed in the last 12 months at a median of $290K ($161/sq ft), down 2.6% year over year, with a median 70 days on market. Right now 240 active and 63 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 Pelican Isle Estates specifically. Momentum Research analysis of MLS records.

There is no community amenity list attached to current listings in Pelican Isle Estates, 1st Add. That does not necessarily mean there is nothing on the ground — it means the MLS feed, as of this snapshot, does not document one. Buyers who care about shared recreation space, a pool, or organized common areas should verify directly with a showing agent or the county rather than assume either way.

Because so few homes are active or recently sold in this specific plat, we are cautious about implying a market rhythm — no defined pace, no price band, no inventory trend can be responsibly stated from what is on hand. That is a data limitation, not a judgment on the neighborhood's desirability.

In a subdivision this thinly traded, the value of local, hands-on comp work matters more than usual. We do not rely on subdivision-level averages that do not exist in sufficient volume — we build the pricing case from actual nearby closings, lot characteristics, and condition, and we tell clients plainly when the data is too sparse to support a confident number without that extra legwork.

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