Shangri La Shores
Homes for Sale in Leesburg, FL

A compact, low-turnover community of 32 homes in Leesburg, with construction spanning nearly three decades and a typical home landing around 1,620 square feet - the kind of place where inventory is scarce enough that each listing has to be evaluated on its own rather than against a deep set of comparables.

Stellar MLS sales records identify 17 homes in Shangri La Shores that have changed hands since 2008, built between 1994 and 2019 (median 2005), with a median living area of about 1,680 sq ft and a typical 3-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.

County records show 5 qualified sales in Shangri La Shores across 2024 - 2025 (2 in 2024, 3 in 2025), median $279,900 - 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.

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

In ZIP 32735, 33 homes are on the market and 18% 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 32735 (LEESBURG), 77 homes closed in the last 12 months at a median of $330K ($171/sq ft), down 4.2% year over year, with a median 50 days on market. Right now 21 active and 4 pending listings put supply at about 4.2 months - a balanced market. See the live ZIP 32735 housing market and the Lake County market.

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

With only 32 homes in the community and no active listings at the time of this snapshot, Shangri La Shores does not behave like a typical subdivision with steady monthly turnover. Closings data is only available across a 2-month window, which is too narrow to establish a reliable pricing trend - buyers and sellers here should expect to make decisions based on the specific home in front of them, not a running market average.

The build timeline (1994 to 2022, median 2005) means the housing stock is not uniform. Some homes will carry original systems and finishes from the mid-1990s, others will be recent construction with more current specifications. At a median of 1,620 square feet, this reads as a community of moderately sized homes rather than an estate-lot enclave. No community amenities are identified from current MLS listings, so any shared features would need to be confirmed directly rather than assumed.

In a community this small, with no active listings and a narrow closings window, generic market data will not tell you much. We track Shangri La Shores at the individual-listing level, pull comparables from the wider Leesburg market when local data is too thin, and help you evaluate a specific home on its condition and build year rather than a market trend that does not really exist here yet.

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