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Residential Land for Sale in Eustis, Florida

1505 Russell Ave, Eustis, FL 32726

$449,800
3.18 acres
Active
$50k drop
Est $3,237/mo

Potential to build up to 38 units***3.18 Acres offering Urban Residential (UR) Zoning. Prime Location - Near Downtown Core. The UR (Urban Residential) zoning designation is designed to support higher-density housing options close to the heart of the city, making it ideal for modern residential development. Permitted Uses include: Multi-Family Communities, Single-Family Detached Homes, Single-Family Attached (Duplex, Rowhouse, Townhome), Group Homes (up to 6 residents), Child Daycare Centers & Nursery Schools Development Standards: Maximum Density: 12 units per acre Maximum Height: o 35' - Single-Family o 45' - Multi-Family Incentives & Density Bonuses: Developers can unlock 5-15% additional density by incorporating: Affordable Housing o At least 20% of units affordable to households earning <80% of the Orlando MSA median income o Or at least 50% of units affordable to households earning <120% of the Orlando MSA median income Green Building & Energy Efficiency o Additional bonuses available for sustainable design and certification Manufactured Housing Provisions: Residential units manufactured off-site are permitted if they: Meet all federal & state construction standards Are permanently attached to foundations Comply with all lot, yard, and land development regulations

Location

Street address
1505 Russell Ave
Community
Eustis Taylors Sub
Elevation
101 feet
Coordinates
28.8557, -81.6693

Directions

Get on FL-417 N/FL-417 Toll N from S Sanford Ave and E 25th St, Take FL-429 S to County Rd 46A in Lake County. Exit from FL-429 S 12 min, Follow County Rd 46A to FL-44 W 5 min (3.5 mi), Turn left onto FL-44 W 8 min (6.1 mi) Continue on E Orange Ave. Drive to Russell Ave in Eustis

Property details

Acreage
3.18 acres
Zoning
UR
MLS #
MFRMLS O6343741
Posted

Property taxes

2024
$2,008

Parcels

  • 12-19-26-3100-00F-00001

Legal description

Listing history

DateEventPriceChangeSource
Oct 23, 2025Price drop$449,800$50,000 -10%MFRMLS
Sept 12, 2025New listing$499,800MFRMLS
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This 3.18-acre property is located at 1505 Russell Ave in Eustis, FL 32726. The property is available for sale for $449,800 with a price per acre of $141,447.

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