
Residential Land for Sale in Eustis, Florida
1505 Russell Ave, Eustis, FL 32726
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
- County
- Lake County
- Community
- Eustis Taylors Sub
- Elevation
- 101 feet
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
EUSTIS TAYLOR'S SUB W 100 FT OF BLK F PB 2 PG 31 ORB 1288 PG 1142
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 23, 2025 | Price drop | $449,800 | $50,000 -10% | MFRMLS |
| Sept 12, 2025 | New listing | $499,800 | — | MFRMLS |
