2922 Rustwood Ln Eustis, FL 32726
Estimated payment $2,384/month
Highlights
- Very Popular Property
- Family Room with Fireplace
- No HOA
- 1.06 Acre Lot
- Wood Flooring
- 7 Car Attached Garage
About This Home
Investor Special- Motivated Seller- Massive Opportunity on Over an Acre- APPRAISED AT $580K, PRICED AT $399K!!
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 at $399,900, 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.
Listing Agent
RICHARD PETERS REALTY LLC Brokerage Phone: 352-448-9712 License #3593068 Listed on: 10/14/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,871
Year Built
- Built in 1982
Lot Details
- 1.06 Acre Lot
- Southeast Facing Home
- Property is zoned SR
Parking
- 7 Car Attached Garage
Home Design
- Brick Exterior Construction
- Brick Foundation
- Block Foundation
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 4,563 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- Living Room
- Laundry Room
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Eustis Rustwood Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 7
- Assessor Parcel Number 35-18-26-0030-000-00700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $3,704 | $241,270 | -- | -- |
2024 | $3,704 | $241,270 | -- | -- |
2023 | $3,704 | $227,430 | $0 | $0 |
2022 | $3,645 | $220,810 | $0 | $0 |
2021 | $3,506 | $214,387 | $0 | $0 |
2020 | $3,613 | $211,428 | $0 | $0 |
2019 | $3,565 | $206,675 | $0 | $0 |
2018 | $3,426 | $202,822 | $0 | $0 |
2017 | $3,277 | $195,125 | $0 | $0 |
2016 | $3,239 | $191,112 | $0 | $0 |
2015 | $5,519 | $247,891 | $0 | $0 |
2014 | $5,452 | $243,312 | $0 | $0 |
Property History
Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
---|---|---|---|---|---|
10/17/2025 10/17/25 | Price Changed | $389,999 | -1.3% | $85 / Sq Ft | |
10/16/2025 10/16/25 | Price Changed | $394,999 | -1.2% | $87 / Sq Ft | |
10/14/2025 10/14/25 | For Sale | $399,900 | +70.4% | $88 / Sq Ft | |
08/17/2018 08/17/18 | Off Market | $234,700 | -- | -- | |
11/13/2015 11/13/15 | Sold | $234,700 | +11.8% | $51 / Sq Ft | View Prior Sale |
02/11/2015 02/11/15 | Pending | -- | -- | -- | |
01/13/2015 01/13/15 | Price Changed | $209,900 | -12.5% | $46 / Sq Ft | |
12/09/2014 12/09/14 | Price Changed | $239,900 | -2.4% | $53 / Sq Ft | |
09/19/2014 09/19/14 | Price Changed | $245,900 | -5.4% | $54 / Sq Ft | |
08/15/2014 08/15/14 | Price Changed | $259,900 | -3.7% | $57 / Sq Ft | |
06/25/2014 06/25/14 | Price Changed | $269,900 | -1.8% | $59 / Sq Ft | |
05/22/2014 05/22/14 | For Sale | $274,900 | -- | $60 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $234,700 | Shipley Law Firm & Title Co | |
Special Warranty Deed | $209,900 | Fairview Title | |
Trustee Deed | -- | Attorney | |
Trustee Deed | -- | Attorney | |
Deed | $390,000 | None Available | |
Warranty Deed | -- | -- | |
Quit Claim Deed | -- | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $230,448 | FHA | |
Previous Owner | $208,767 | FHA | |
Previous Owner | $390,000 | Unknown |
Source: Stellar MLS
MLS Number: TB8437456

APN: 35-18-26-0030-000-00700
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