2922 Rustwood Lane, Eustis, FL 32726
- $341,999
- 5
- BD
- 4
- BA
- 4,563
- SqFt
- List Price
- $341,999
- Status
- Pending
- Days on Market
- 38
- Price Change
- ▼ $3,000 1762224306
- MLS#
- TB8437456
- Property Style
- Single Family
- Year Built
- 1982
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 4,563
- Lot Size
- 46,181
- Acres
- 1.06
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- Eustis Rustwood
- MLS Area Major
- Eustis
Property Description
Under contract-accepting backup offers. <LAST PRICE REDUCTION><HIGHEST & BEST BY 11/14/2025> Investor Special- Motivated Seller- Massive Opportunity on Over an Acre- APPRAISED AT $580K, PRICED AT $341K!! 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. <PREFERRING CASH OR HARD MONEY OFFERS WITH A SHORT INSPECTION PERIOD, AT LEAST A $10,000 EARNEST MONEY DEPOSIT, AND A 21-DAY POST OCCUPANCY PERIOD> <NO ASSIGNABLE CONTRACTS>
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Additional Information
- Taxes
- $3870
- Minimum Lease
- No Minimum
- Community Features
- No Deed Restriction
- Property Description
- Two Story
- Zoning
- SR
- Interior Layout
- Other
- Interior Features
- Other
- Floor
- Carpet, Ceramic Tile, Wood
- Appliances
- Other
- Utilities
- Other
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Fireplace Description
- Family Room
- Exterior Construction
- Block, Brick, Stucco
- Exterior Features
- Other
- Roof
- Shingle
- Foundation
- Block, Brick/Mortar, Slab
- Pool
- No Pool
- Garage Carport
- 5+ Car Garage
- Garage Spaces
- 7
- Flood Zone Code
- X
- Parcel ID
- 35-18-26-0030-000-00700
- Legal Description
- EUSTIS RUSTWOOD LOT 7 BEG AT NE COR OF LOT 8 RUN W ALONG N LINE TO NW COR S ALONG W LINE 18 FT N 87-55-04 E 180 FT TO E LINE OF LOT 8 N ALONG E LINE TO POB PB 24 PG 43 ORB 4710 PG 1430
Listing courtesy of RICHARD PETERS REALTY LLC. 352-448-9712
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