UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 4,563 sqft
Price per Sqft $74
Subdivision Eustis Rustwood
MLS Listing ID TB8437456
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1982
Annual Tax Amount $3,870
Lot Size 1.060 Acres
Acres 1.06
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
This is a true investor's dream and one of the most unique opportunities you'll ever find in the Eustis and greater Orlando market. The seller is HIGHLY MOTIVATED and ready for a QUICK SALE. Priced extremely aggressively, this property was appraised as-is at $580,000 in August 2022 (appraisal attached on MLS), and the condition remains virtually unchanged- offering instant equity and major upside potential!
Sitting on a quiet cul-de-sac and surrounded by nature and nearby lakes, this 5 bedroom, 4 bathroom, oversized home spans more than 4,500 sq ft of living space on over an acre of land- making it one of the largest homes in the area. Every other active listing nearby is MUCH SMALLER and PRICED nearly DOUBLE. This home is truly in a league of its own.
Inside, you'll find solid bones and endless potential. Yes- it needs a full cosmetic rehab (needs a new roof, drywall work, and one A/C unit will need replacement), but you're working with a large, well-built structure that can easily be brought back to life. The property includes two separate garages plus a carport, providing at least 7 covered parking spaces in total, not including the massive driveway. It even features a steam room that just needs to be reconnected. Much of the home is still frozen in the 1980s, though some areas have been lightly updated and remain functional.
With no HOA and no restrictions whatsoever, your options are wide open- whether it's a luxury flip, long-term rental, short-term Airbnb, or even a customized dream home. After a thoughtful renovation, this property could potentially push into the seven-figure range based on its size, layout, and land.
Don't miss this one- opportunities like this are EXTREMELY RARE! The seller is motivated and selling well below market value for a fast, smooth closing.
Location
State FL
County Lake
Community Eustis Rustwood
Area 32726 - Eustis
Zoning SR
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Ceramic Tile, Wood
Fireplaces Type Family Room
Fireplace true
Appliance Other
Laundry Laundry Room
Exterior
Exterior Feature Other
Garage Spaces 7.0
Utilities Available Other
Water Access No
Roof Type Shingle
Attached Garage true
Exposure Southeast
Garage true
Private Pool No
Building
Story 1
Entry Level Two
Foundation Block, Brick/Mortar, Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Structure Type Block,Brick,Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
Schools and Properties Nearby
Learn More About LPT Realty