1505 Russell Avenue, Eustis, FL 32726 - Photo 1

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$449,800

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Active
Lots/Land
3.18 Acres

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Property Description

****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: "¢ 35' - Single-Family "¢ 45' - Multi-Family Incentives & Density Bonuses: Developers can unlock 5-15% additional density by incorporating: Affordable Housing "¢ At least 20% of units affordable to households earning <80% of the Orlando MSA median income "¢ Or at least 50% of units affordable to households earning <120% of the Orlando MSA median income Green Building & Energy Efficiency "¢ 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

Full Property Details

Full Property Details for 1505 Russell Ave

General

Price: $449,800
Taxes: $2,007 (2024)
Status: Active
Type: Lots/Land
Source: MidFloridaRegionalMLS
MLS ID: O6343741
Updated: 10/23/2025
Added to Site: 127 day(s) ago

Location

Area: 32726 - Eustis
County: Lake
Development Name: 32726 - Eustis
Subdivision: EUSTIS TAYLORS SUB
Driving 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

Community

Community Name: 32726 - Eustis

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Public

Lot Features

Lot Size (Acres): 3.18
Lot Size (Sq. Ft.): 138,698
Lot Size: 3.1841
Lot Dimensions: 450 x 309
Street/Road Desc.: Asphalt

Financial Considerations

Price Per Acre: $141,447
Tax Amount: $2,007.97
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: None
Legal Description: EUSTIS TAYLOR'S SUB W 100 FT OF BLK F PB 2 PG 31 ORB 1288 PG 1142
Flood Zone Info: X
APN: 121926310000F00001
Property ID: 121926310000F00001
Block/Lot/Section: 00F

Listed by Sloane Realty, Llc

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Schools

Schools serving 1505 Russell Ave

School District:Lake County School District

Name	Grades	Distance
Eustis Elementary School 714 Citrus Avenue, Eustis, FL 32726	PK-5	0.6 mi
Eustis Middle School 18725 Bates Avenue, Eustis, FL 32736	6-8	1.5 mi
Eustis High School 1300 East Washington Avenue, Eustis, FL 32726	9-12	0.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1505 Russell Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/23/2025

Price Reduced

$449,800

-10%

MLS

9/12/2025

Listed

$499,800

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed and Sold by Orange Slice Properties

1505 Russell Avenue, Eustis, FL 32726 (MLS# O6343741) is a Lots/Land property with a lot size of 3.18 acres. 1505 Russell Avenue is currently listed for $449,800 and was received on September 12, 2025. Want to learn more about 1505 Russell Avenue? Do you have questions about finding other Lots/Land real estate for sale in Eustis? You can browse all Eustis real estate or contact a Coldwell Banker agent to request more information.

1505 Russell Ave Eustis, FL 32726