Skip main navigation
Pending
    • Price cut: $26K (6/30)
    $199,000

    531 S School Ave, Lecanto, FL 34461

    3beds
    1,664sqft
    : 
    $1,370/mo
    Get pre-qualified
    Single Family Residence
    Built in 1983
    3.69 Acres Lot
    $-- Zestimate®
    $120/sqft
    $-- HOA

    What's special

    Beautiful oversized parcel
    INVESTOR ALERT! Opportunity Awaits on 3.69 Acres in Lecanto! Looking for acreage, location, and unlimited potential? This 3-bedroom, 1-bath concrete block home offers 1,663 living square feet and sits on a sprawling 3.69-acre parcel in the heart of Lecanto, Florida. Built in 1983, this property is ready for a complete transformation and presents an exceptional opportunity for investors, flippers, contractors, or buyers seeking a project with room to grow. Nestled on a beautiful oversized parcel with no HOA and no deed restrictions, you'll have the freedom to create the property you've always envisioned. The home has been vacant for many years and currently has no electric or water service. While the residence will require repairs and updates, its solid concrete block construction provides a foundation for restoration. The location is hard to beat! Enjoy convenient access to the Suncoast Parkway, Gulf to Lake Highway, shopping, dining, medical facilities, and everything Citrus County has to offer while still enjoying the privacy and space of country living. Whether you're looking to renovate, invest, or build your dream homestead, this rare acreage opportunity offers incredible potential at an affordable price. Make your showing appointment now!
    94 days
    743
    44

    Zillow last checked:

    Listing updated:

    Listed by:

    Nadeene Horak 352-207-6227,

    Sail Home Realty

    Source: Realtors Association of Citrus County,MLS#: 855295MLS LogoOriginating MLS: Realtors Association of Citrus County

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Cooling
      • None
      Appliances
      • Included: None
      Features
      • Flooring: Unfinished
      Interior area
      • Total structure area: 1,664
      • Total interior livable area: 1,664 sqft

      Property

      Parking
      • Parking features: Unassigned
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 3.69 Acres
      • Features: Acreage
      Details
      • Parcel number: 2277483
      • Zoning: MDR
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: One Story
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Foundation: Block
      • Roof: Asphalt,Shingle
      Condition
      • New construction: No
      • Year built: 1983

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well Needed

      Community & HOA

      Community
      • Subdivision: Mayfield Acres
      HOA
      • Has HOA: No
      Location
      • Region: Lecanto

      Financial & listing details

      • Price per square foot: $120/sqft
      • Tax assessed value: $129,883
      • Annual tax amount: $2,074
      • Date on market: 6/5/2026
      • Cumulative days on market: 93 days
      • Listing terms: Cash
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/23/2026Pending sale$199,000$120/sqft
        Source: Realtors Association of Citrus County #855295 Report a problem
        7/31/2026Listed for sale$199,000$120/sqft
        Source: Realtors Association of Citrus County #855295 Report a problem
        7/30/2026Pending sale$199,000$120/sqft
        Source: Realtors Association of Citrus County #855295 Report a problem
        6/30/2026Price change$199,000-11.6%$120/sqft
        Source: Realtors Association of Citrus County #855295 Report a problem
        6/5/2026Listed for sale$224,999+152.8%$135/sqft
        Source: Realtors Association of Citrus County #855295 Report a problem
        4/1/2008Sold$89,000$53/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,074 -7.7%$123,274 +13%
        2024$2,246 +6%$109,066 +10%
        2023$2,119 +17.7%$99,151 +10%
        2022$1,800 +16.3%$90,137 +10%
        2021$1,548 +9.2%$81,943 -27.7%
        2020$1,417 +8.8%$113,339 +67.4%
        2019$1,303 +28%$67,722 +7.1%
        2018$1,018 $63,259 +13%
        2017$1,018 +8.1%$55,968 -4.6%
        2016$942 -1.5%$58,695 +16.3%
        2015$957 +9.6%$50,482 +18.1%
        2014$873 +5.4%$42,760 -7.9%
        2013$828 -29.3%$46,440 -36.2%
        2012$1,171 -18.2%$72,800 -18.2%
        2011$1,431 -4.8%$88,967 -6.9%
        2010$1,502 -4.9%$95,607 -0.5%
        2009$1,580 +53.1%$96,082 -4.7%
        2008$1,032 -11.6%$100,837 +3%
        2007$1,167 -0.6%$97,900 +2.4%
        2006$1,174 -5.6%$95,600 +2.9%
        2005$1,244 +79.5%$92,900 +53.3%
        2004$693 +11.3%$60,600 +4.7%
        2003$623 +17.1%$57,900 +7.6%
        2002$532 +13.4%$53,800 +8.2%
        2000$469 $49,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 34461

        Getting around

        4 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Forest Ridge Elementary
        • Middle: Lecanto Middle
        • High: Lecanto High

        Source: Realtors Association of Citrus County. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Lecanto Topics

              Search
              Updates
              Favorites
              Plan
              Inbox