Royal Highlands
Homes for Sale in Leesburg, FL

Royal Highlands market snapshot (as of September 20, 2026): the median sale price is about $302K ($165 per sq ft over the trailing 12 months of closed sales), a median 43 days on market for closed sales, and 9.0 months of supply, a buyer-leaning market. The trailing-12-month median is down 19% from the prior 12 months, computed from record-level Stellar MLS closed sales (10 closings in the current window).

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.

County records show 11 qualified sales in Royal Highlands across 2024–2025 (10 in 2024, 1 in 2025), median $367,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

Royal Highlands is a community of 129 homes in Leesburg, Lake County, built between 2004 and 2019 (median 2005), with a median living area of about 1,894 square feet. 84% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).

This is a mature, fully developed Lake County community where roughly 84% of homes are homesteaded — an owner-occupied profile that tends to keep upkeep steady and turnover deliberate.

With construction spanning 1997 to 2019 and a median build year of 2004, Royal Highlands offers homes that are past their early-warranty phase but generally not old — a range where roof age, HVAC, and interior updates matter most to value. The median footprint near 1,876 square feet points to single-family homes sized for everyday living rather than sprawl, and the tight per-square-foot median tells you the spread in list prices is mostly a condition story.

The high homestead share of about 84% signals a community held largely by owner-occupants rather than investors, which typically means fewer distressed or rushed sales. Layered against a 20.5% year-over-year drop in the median and a thin 9-sale window, the read is a market that has repriced and is now moving at a moderate clip, with a market heat score of 56 sitting squarely in balanced territory.

In a low-volume market like this one, where 9 recent closings set the tone and prices have reset hard year over year, comp selection is everything. We work the individual condition-and-update story of each home rather than leaning on a blunt average, so sellers price to what the market will actually pay today and buyers know when a discount reflects real work needed versus simple negotiating room.

Listings in this community report association dues of about $229 per month ($2,748 a year) — the median AssociationFee across 211 MLS records, normalised to a monthly figure; most are billed monthly. 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, 2026-09.

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