Stoer Island
Homes for Sale in Leesburg, FL

Stoer Island is a modest, established pocket of Leesburg built mostly in the early 1960s, with a handful of newer homes filling in over the decades since. It is a small inventory market — 70 homes total — where individual property condition, not neighborhood-wide amenities, does most of the work in setting value.

Stellar MLS sales records identify 12 homes in Stoer Island that have changed hands since 2006, built between 1958 and 1967 (median 1959), with a median living area of about 1,381 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 Stoer Island across 2024–2025 (2 in 2024, 1 in 2025), median $205,000 — 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.

Stoer Island 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 Stoer Island specifically. Momentum Research analysis of MLS records.

The defining fact about Stoer Island is age: a median year built of 1960 against a range that runs to 2006. Most of the community predates modern code and layout norms, so buyers should go in expecting original systems, older roof and electrical vintages, and floor plans sized for a different era — median living area here is just under 1,100 square feet. That doesn't make these bad homes; it makes them homes where a pre-offer inspection and a clear-eyed renovation budget matter more than curb appeal.

There are no community amenities identified from current MLS listings, so this isn't a market where buyers are paying for a clubhouse, pool, or gate — the value proposition is the lot, the structure, and the location within Leesburg. With a homestead share just above half, expect some inventory that has been owner-occupied long-term and some that has turned over as rentals or investment holds, which is worth asking about directly when a listing looks priced for a quick sale.

In a small, older community like Stoer Island, the spread between a well-maintained home and a deferred-maintenance one can be significant, and that spread rarely shows up clearly in listing photos. We pull permit history, walk the mechanical systems, and price against what has actually closed nearby — not against a generic community average — so buyers and sellers both know what they're really working with before they commit.

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