720 S FAIRLANE TERRACE, LECANTO, FL, 34461
Active1 days on marketListed Aug 16, 2026MLS #OM730507
About this home
720 S FAIRLANE TERRACE
Incredible opportunity to own 5.01 pristine acres of high-and-dry land in the heart of Lecanto! This versatile parcel is the ultimate blank canvas for your dream estate, agricultural projects, or a private rural getaway. The property comes equipped with essential utility infrastructure already in place, offering a massive head start and significant cost savings for your new build. There is electric and a working septic system. There is a 4inch well missing the pump. Condition unknown. A two-bedroom, one-bathroom manufactured home sits on the property in very poor condition, but it marks the footprint for your future home or immediate replacement. Nestled in a quiet, peaceful pocket of Citrus County, you can enjoy maximum privacy and rural freedom while remaining just a short drive from top-rated local schools, shopping, outdoor recreation, and the Suncoast Parkway for easy commuting. Bring your horses, your recreational vehicles, and your grand design to create a custom oasis on over five beautiful acres of Florida landscape. The shed on the property is not included and will be removed.
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
672
Sqft
5.01 ac
Lot size
1971
Year built
One
Levels
$260
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,377 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,377/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Lecanto actives
$260 vs $203
Days on market
1 vs 67 typical
Where $260/sqft sits among the 50 Lecanto actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lecanto
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lecanto. See the full Lecanto guide →
LECANTO 34461 — neighborhood snapshot
Population
13,289
Median age
54.8
Median income
$60,795
Median home value
$287,200
Avg household
2.47
Households w/ children
979
For the school run
Citrus County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lecanto market
$340K → $346K
Lecanto median sold, yr/yr
96.6%
Sale-to-list ratio (12 mo)
27 of 50
Lecanto actives have cut their price
Median sold price, Lecanto, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 52% below the LECANTO 34461 median. See the full Lecanto market guide →
Paper trail
This home's history
Reality check
What actually sold near 720 S FAIRLANE TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$229,000
1817 S CASEY POINT
3 bd · 2 ba · 1,092 sqft · $210/sqft · 18 DOM
Sold · Dec ’25$220,000
5072 W KRISTINA LOOP
2 bd · 2 ba · 1,236 sqft · $178/sqft · 75 DOM
Sold · Aug ’25$82,500
5250 W ROLLING VIEW PLACE
2 bd · 2 ba · 1,248 sqft · $66/sqft · 28 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 720 S FAIRLANE TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 720 S FAIRLANE TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
720 S FAIRLANE TERRACE FAQs
What would the monthly payment be for 720 S FAIRLANE TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,377/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 720 S FAIRLANE TERRACE?+
The most recent tax bill on record (2025) was $1,316. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lecanto?+
At $175,000, this home is listed about 54% below the Lecanto median of $383,000. The market section on this page shows how the area is trending.
Which schools are assigned to 720 S FAIRLANE TERRACE?+
Central Ridge Elementary School (elementary), Citrus Springs Middle School (middle), Lecanto High School (high) — Citrus County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of TROPIC SHORES REALTY LLC · Larry Eudaly. MLS #OM730507.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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