2922 Rustwood LaneEustis, FL 32726

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>

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1982

Stories

1

Living area

4,563 Sq Ft

Lot size

1.06 acres

Garage spaces

7

Ownership

Fee Simple

Zoning

SR

Days on market

351

MLS^® Listing#

TB8437456

Property Features

Interior

Other

Exterior

Other

Appliances

Other

Cooling

Central Air

Heating

Central · Electric

Flooring

Carpet · Ceramic Tile · Wood

Fireplace

Family Room

Parking

Attached

Laundry

Laundry Room

Construction

Block · Brick · Stucco

Foundation

Block · Brick/Mortar · Slab

Roof

Shingle

Utilities

Other

Sewer

Public Sewer

Water source

Public

Rooms

Financial Details

HOA

None

Annual taxes

$3,871Tax year 2024

Parcel number

35-18-26-0030-000-00700

Directions

Merge onto I-4 W toward Orlando. From I-4 W, take exit for US-441 N / SR-500 heading toward Mount Dora / Eustis. Stay on US-441 N / SR-500 through Mount Dora and into Eustis. From US-441 N, turn onto the local roads needed to reach Rustwood Ln (you may take a combination of local streets depending on the precise route). Arrive at 2922 Rustwood Ln, Eustis, FL 32726.