Treasure Island
Homes for Sale in Leesburg, FL
All 626 homes for sale in Leesburg, FL · median $285,000 · 140 homes for sale in 34788 · Lake County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 1 closed sale in Treasure Island Sub in Leesburg, FL, the most recent in December 2014. Across Leesburg as a whole, 836 homes closed in the last 12 months at a median of $282,000, 71 median days on market, with 305 homes for sale today. At that median and Lake County's FY2025-26 rate of 16.65 mills, annual property tax runs about $4,690 ($4,020 with the full homestead exemption).
Treasure Island sits in Leesburg, Lake County, and right now the MLS feed does not carry an established amenity package for the community. That is worth saying plainly rather than filling in with marketing language: what you see in the listing sheet is what you get, and buyers should not assume a clubhouse, pool, or gate exists just because a name suggests a planned community.
With no pricing or pace figures currently populated for this subdivision, the honest posture is to treat every listing here as its own case. Pull the specific comps, verify lot and structure details directly, and do not lean on community-level averages that do not yet exist in the data. That is not a knock on the neighborhood, it is a reminder that Treasure Island needs a property-by-property read rather than a market-trend read.
Nearby homes for sale
No active listings inside Treasure IslandHomes for Sale in Leesburg, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Treasure Island is a Leesburg community in Lake County where current MLS records do not show an established list of shared amenities, so location and the individual home carry more of the story here than any community-wide feature set.
County records show 6 qualified sales in Treasure Island across 2024–2025 (4 in 2024, 2 in 2025), median $530,000 — 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.
Who Treasure Island is best for.
Best for
- A buyer targeting a specific address in Leesburg who has already verified the home's condition and terms independently.
- A buyer comfortable evaluating a property on its own merits without relying on community-level comps or amenities.
- A buyer who wants a Lake County location and does not need shared community facilities as part of the purchase.
Probably not for
- A buyer who wants an established amenity package as part of the purchase decision.
- A buyer who wants to lean on published community pricing trends or days-on-market data before making an offer.
- A buyer unwilling to do individual due diligence when standard community-level data is not available.
The market around Treasure Island
Treasure Island is too small for its own price trend, so here is the market around it.
In ZIP 34788, 178 homes are on the market and 16% 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 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 Treasure Island specifically. Momentum Research analysis of MLS records.
The Treasure Island buying strategy.
If we were buying in Treasure Island today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Treasure Island.
What the data actually tells you
When a community's MLS profile comes back without amenities, pricing ranges, or pace metrics, it usually means one of two things: the subdivision is small enough that inventory turns over slowly, or listings have been sparse enough recently that a reliable pattern has not built up. Either way, the right move for a buyer is to treat this as a lot-and-structure decision, not a lifestyle-package decision.
That also changes how you negotiate. Without community comps to lean on, everything comes down to the specific home: age, condition, lot, and how it stacks up against individual sales in Leesburg more broadly. Sellers here should expect buyers and their agents to build a case from scratch rather than pointing at a community track record, so presentation and documentation matter more than usual.
The location and the amenities are priced into every listing in Treasure Island. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community where the MLS feed does not hand you a ready-made market story, the work shifts to individual property research: verifying what is and is not included, checking whether any HOA or deed restrictions apply, and building comps from surrounding Leesburg activity rather than a thin in-community sample. That is exactly the kind of groundwork we do before a client writes an offer or sets a list price on Treasure Island.
Treasure Island in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Treasure Island buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Treasure Island sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Treasure Island, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Treasure Island home worth?
Get a no-obligation home value based on real comparable sales in Treasure Island, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Leesburg →
Should you buy in Treasure Island?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2014 (1 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Treasure Island fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Treasure Island
Where is Treasure Island?
Treasure Island is a community in Leesburg, Lake County, Florida, ZIP 34788.
Are there homes for sale in Treasure Island right now?
No active listings inside Treasure Island at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Treasure Island have an HOA or CDD?
No HOA is on record for Treasure Island in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
More Leesburg & Lake County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Lake County or the full Neighborhood Finder.
Nearby Communities
Explore more neighborhoods near Treasure Island with Momentum Realty’s local guides.