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RARE FIND! This unique property located in NE Eustis represents a versatile opportunity, particularly given that the foundational infrastructure like the 240-foot deep well and electricity is already established. With nearly five acres of land and a zoning designation that allows for two dwellings, you have the rare flexibility to construct a primary stilt home, tiny home or manufactured home (block construction is possible but may require additional due diligence) while maintaining the option for a secondary ADU or pole barn. The gradual slope of the terrain toward the water is a natural fit for stilt construction, as it provides the necessary elevation for both flood mitigation and unobstructed views of the lake. Positioned on a quiet dead end dirt and gravel road, your oasis should capture lake breezes and possibly utilize the slope for under-house parking or storage.
The recent survey from April 2025 is a critical asset for your planning process, as it clearly defines the wetland and septic setbacks that will dictate exactly where your footprint can sit. Because the driest portion of the lot is near the front street, you might find that placing the home in this area saves on utility trenching costs while still allowing the back of the property to serve as a private waterfront escape. The lack of an HOA combined with the General Agricultural zoning means your plans for beekeeping or small-scale livestock can be integrated seamlessly into the landscape without restrictive oversight.
No timeframe to build and NO HOA. Since the property is partially cleared, the transition from a vacant lot to a functional homestead is significantly more straightforward than starting with raw, untouched land. The partially cleared sections are perfect for the General Agriculture allowance (bees, goats, cows, horses, chickens, or gardens). All information deemed accurate but should be independently verified. Located within 10 minutes of shopping plaza and 20 minutes to Downtown Mount Dora.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $95,200 | $95,200 | $95,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $586 | $617 | $797 |
| Total Monthly Payment | $661 | $692 | $872 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.