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Property Type: Commercial Development, Land Investment, Residential Development
Location: CR 44, Eustis, Florida 32726
Price Per Acre: $15,561
Property is a very good residential development tract with some commercial land on CR 44. The City of Eustis is receptive to annexing it and giving it “Suburban Residential Land Use,” which allows up to 5 units per acre in general. The most likely density would be about 3 units per acre. Impact fees are about $15,000.
Description: Infrastructure: • (1) 10-inch well • (1) 14-inch well • 113 million gallons water allocation Zoning/FLU: • Rural Transition (Lake County) on 216 acres • MCI (Mixed Commercial Industrial) on 25 acres with the City of Leesburg
Driving Directions: • To South Entrance: From SR 19 in Eustis, go east on CR 44 for about 4/5 mile and property is on the left (north) side of the road • To North Entrance: From about 1/2 mile further north on SR 19 go east on Pine Meadows Golf Course Road and it goes right into the property on both sides of the road