2922 RUSTWOOD LANE
Eustis, FL, 32726
$
341,999
Bedrooms5
Baths4.0
Sq
4,563
Monthly Estimate*
$
2,134
for $341,999 with 5 bedrooms and 4 full baths. This 4,563 square foot home was built in 1982 on a lot size of 1.06.
Under contract-accepting backup offers. 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.
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Features
Interior
Interior Amenities
other
Flooring
carpet
ceramic tile
hardwood
Fireplace Features
family room
Total Stories
1
Air Conditioning Y/N
yes
Heating Y/N
yes
Fireplace Y/N
yes
Half Baths
0
Laundry Features
laundry room
Total Bedrooms
5
Total Baths
4
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General
Sewer
public sewer
Heating
central
electric
Cooling
central air
Utilities
other
Possession
negotiable
Roof
shingle
Appliances
other
Zoning
sr
Garage Spaces
7
Construction Materials
block
brick
stucco
Year Built
1982
Levels
two
Property Subtype
single family residence
Tax Year
2024
Ownership
fee simple
County
lake
New Construction
no
Property Type
residential
HOA
N
Attached Garage
yes
Subdivision Name
eustis rustwood
Facing Direction
southeast
Garage Y/N
yes
Total Rooms
3
Full Baths
4
Status
pending
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 ont
City
eustis
Senior Community Y/N
no
MLS Area
32726 - eustis
Lot Size Units
acres
Lot Size Square Feet
46181
Carport Y/N
no
Listing Terms
cash
conventional
fha
Land Lease Y/N
no
Tax Annual Amount
3870.74
Additional Parcels Y/N
no
Lease Considered Y/N
yes
Building Area Units
square feet
Living Area Units
square feet
Standard Status
pending
Occupancy Type
owner
Tax Lot
7
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
Minimum Lease
no minimum
Water Access Y/N
no
Water View Y/N
no
Flood Zone Code
x
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Exterior
Exterior Amenities
other
Water Source
public
Lot Size Area
1.0602
Foundation Details
block
brick/mortar
slab
Building Area Total
7447
Lot Size Acres
1.06
Road Surface Type
asphalt
concrete
Private Pool
no
Waterfront Y/N
no
Covered Spaces
7
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* Excluded Features
List By
Richard Peters Realty Llc
Broker
rryder@richardpetersrealty.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $2,134
- Monthly Property Taxes
- $323
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Eustis, FL
Average List Price
$502,570
Percent of Sale Price
47%
About Eustis, FL
19,630
Population
22%
Since 2002
$
39,027
Median Income
42.57
Median Age
25%
Households with Children
Trends Information provided by ATTOM Data Solutions.
266288
Elementary School
265661
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
11/4/2025
|
$341,999
|
-4.97%
|
Price Down
|
|
10/31/2025
|
$359,900
|
-2.20%
|
Price Down
|
|
10/28/2025
|
$367,999
|
-1.34%
|
Price Down
|
|
10/24/2025
|
$372,999
|
-1.56%
|
Price Down
|
|
10/20/2025
|
$378,900
|
-2.85%
|
Price Down
|
|
10/17/2025
|
$389,999
|
-1.27%
|
Price Down
|
|
10/16/2025
|
$394,999
|
-1.23%
|
Price Down
|
|
10/15/2025
|
$399,900
|
|
Listed Price
|