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This is an INCREDIBLE OPPORTUNITY priced aggressively in the growing city of Eustis, located in the heart of Lake County where continued residential expansion and increasing demand are driving strong interest from both homeowners and investors. Positioned in the established Lynnhurst area, this property offers a rare combination of lot size, flexibility, and upside in a market where opportunities like this are becoming increasingly difficult to find.
Situated on an oversized lot just under half an acre, the property features a spacious setting with mature trees, a paver/cobblestone-style driveway, fenced yard, and multiple outdoor structures including storage sheds and a gazebo, along with a covered and enclosed rear porch—creating a layout with strong potential for customization, expansion, or repositioning. The private yard and outdoor spaces provide flexibility for entertaining, storage, or future improvements.
Inside, the home offers a functional layout with multiple living areas including a family room and Florida room, creating flexibility for both everyday living and redesign. The main living space features a wood-burning fireplace, adding character and a natural focal point. The interior includes a mix of wood, tile, and carpet flooring, along with features such as stone countertops, a wet bar, and ceiling fans (buyer to verify). The kitchen layout is practical and connected to the main living areas, with existing appliances including range, refrigerator, and microwave (buyer to verify inclusion).
A major highlight is the presence of an attached in-law suite with its own kitchen and private living space, offering exceptional versatility. This setup creates strong potential for multi-generational living, guest accommodations, or additional income-producing use (buyer to verify use and compliance)—a feature that is increasingly in demand and rarely found at this price point.
The layout offers a primary bedroom on the main floor, with overall design and flow that can be enhanced to significantly increase value. The interior presents a value-add opportunity with the ability to modernize and improve finishes depending on a buyer’s vision.
From a condition standpoint, the property is being sold as-is. Seller has limited knowledge of the property; buyer to verify all information and conduct any inspections during the inspection period. Property is in a pre-foreclosure situation (buyer to verify details).
Eustis and the surrounding Lake County area continue to attract buyers due to their affordability compared to Orlando, access to lakes and outdoor recreation, and proximity to Mount Dora, Tavares, and major roadways connecting into Central Florida employment hubs. Ongoing development throughout the area, including new residential communities and infrastructure improvements, continues to support long-term demand.
With no HOA and no rental restrictions (buyer to verify), the property offers flexibility for investors, renovators, or buyers looking to maximize the potential of a larger property with multiple living configurations.
Opportunities with this level of upside, land, and versatility are rare.
Seller is requesting highest and best by 05/15/2026. Serious buyers should act quickly.
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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 | $252,000 | $252,000 | $252,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | $519 | $519 | $519 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,491 | $1,572 | $2,058 |
| Total Monthly Payment | $2,085 | $2,166 | $2,652 |
* 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.