Searching for a 5-bed single family home in Leesburg under $320,000 that fits an investor strategy, first time buyer budget, or a growing family’s space needs? This 2020 built home offers 1,984 square feet, 5 bedrooms, 3 bathrooms, a 21,657 square feet lot, and low HOA in Meadow Ridge of Grand Island.

This 5-bed single family home in Leesburg under $320,000 stands out for versatility and value. With five true bedrooms and three full baths, the layout supports rental potential, multigenerational living, or room to grow. The open concept living and dining areas flow into a kitchen with stainless steel appliances, creating a functional and inviting heart of the home. Major systems including the roof, HVAC, and water heater are 6 years old, and the interior has been freshly painted. The oversized 21,657 square feet lot offers outdoor flexibility rarely found at this price point. HOA is just $60 per month and includes deed restrictions, playground, and picnic area. Enjoy proximity to Lake Griffin and Lake Harris for boating and fishing, plus Herlong Park, Singletary Park, Venetian Gardens, Flat Island Preserve, and PEAR Park. Near Wedgewood Golf Course and convenient to downtown Leesburg shops, restaurants, Lake County Fairgrounds, and major routes toward Orlando. Zoned for Treadway Elementary, Eustis Middle, and Eustis High School. Opportunity, space, and lifestyle align here. Schedule your showing today.