Leesburg city commissioners have approved two new plats for development in the Villages of West Lake.
The enormous 55+ adult community has been expanding into Leesburg and Lake County with construction of homes in land annexed into the Leesburg in 2018. The plats, No. 78 and No. 79, which were approved are located north of County Road 470 and east of the Florida Turnpike.
Plat 78 will consist of 123 single family homes constructed on residential lots. Plat 79 will have 51 homes. The city departments have completed the review of the zoning, site plans and construction plans. The Villages will now be able to apply for building permits, construct and sell the new homes in the new subdivisions.
The 174 homes approved by the commissioners brings the total approved to 2020 homes in Leesburg. City officials estimated in 2018 that the city will net some $8.7 million from the land sale. Construction is expected to cost between $900 million to $1.2 billion. Once completed, the city should annually collect $4.5 million in property taxes.
