Pine Island Shores
Homes for Sale in Leesburg, FL

Pine Island Shores in Leesburg is a compact, predominantly owner-occupied pocket in Lake County where housing stock ranges from prewar to brand-new, so the story here is condition and vintage more than any single price point.

Stellar MLS sales records identify 17 homes in Pine Island Shores that have changed hands since 2005, built between 1950 and 1994 (median 1979), with a median living area of about 2,166 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.

County records show 3 qualified sales in Pine Island Shores across 2024–2025 (1 in 2024, 2 in 2025), median $455,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Pine Island Shores is too small for its own price trend, so here is the market around it.

In ZIP 34788, 181 homes are on the market and 20% are under contract — a steady corner of Leesburg.

Across Lake County, 3,234 homes are active and 1,077 pending (25% under contract).

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.

ZIP and county figures describe the wider market, not Pine Island Shores specifically. Momentum Research analysis of MLS records.

The 1930-to-2024 build range is the headline. In practice you are shopping across several eras of construction on a median footprint of about 1,786 square feet — modest, manageable, and rarely oversized. Older homes may carry original systems and layouts; newer builds trade that character for current construction. Neither is inherently the better buy, but they are priced for very different reasons.

Because the neighborhood is small and heavily owner-occupied, listings do not come in waves. That thins your comparison set and puts a premium on getting condition, roof, and mechanicals right before you commit. On the sell side, the same scarcity means a well-prepared home does not have to compete against a dozen lookalikes.

In a market this small and this vintage-driven, the number that matters is not a list price — it is what a specific home's condition justifies. We underwrite each property on its own systems, age, and updates rather than leaning on a thin set of comparables, and we tell you plainly when an older listing's price assumes work that has not been done.

Listings in this community report association dues of about $3 per month — the median AssociationFee across 32 MLS records, normalised to a monthly figure; most are billed annually. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

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