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.

More Info

Location Information

Road Frontage DescriptionAsphalt, Concrete

Rooms

Bedrooms5
Full Bath4

Location

Address2922 Rustwood Lane
AreaEustis
CountyLake
Exterior Features Other
StateFL
SubdivisionEustis Rustwood
TownEustis
Township 18S
Zip32726

Property Information

Acreage1.06
Attached Garage YN Yes
Building Area Total 7,447
BuildingAreaUnitsSquare Feet
LivingAreaUnitsSquare Feet
Lot Size Square Feet 46,181
MFR Living Area Meters 423
MFR Lot Size Square Meters 4290
MFR Total Acreage 1 to less than 2
Square Feet4,563

Basic Information

List Price$341,999
ListingContractDate2025-10-14
MLS NumberTB8437456
Mls Status Pending
OriginalListPrice399900
PostalCodePlus46801
PublicSurveyRange26E
StatusPEN

Property

ZoningSR

Interior

Flooring Carpet, Ceramic Tile, Wood

Utilities

Cooling Central Air
Heating Central, Electric
Laundry Features Laundry Room
Sewer Public Sewer
Utilities Other
Water Source Public

Water Body

MFR Water Access YN No
Water ViewNo

Other

Building Area Source Public Records
Date Listed10/14/2025
MFR Exist Lse Tenant YN No
MFR Flood Zone Code X
MFR Flood Zone Date 2012-12-18
MFR Minimum Lease No Minimum
Status Change Timestamp2025-11-21T17:35:30
Usm Previous StatusActive
View Count3

Tax Information

Tax Year 2024
Taxes$3,870

Basic Information

Property SubTypeSingle Family Residence
Property TypeResidential

Building

Bathroom4
Construction Materials Block, Brick, Stucco
FireplaceFamily Room
Fireplace YN Yes
Foundation Details Block, Brick/Mortar, Slab
GarageYes
Garage Spaces7
Levels Two
RoofShingle
Rooms3
Stories1
Year Built1982

Amenities

Appliances IncludedOther
Other AmenitiesFireplace

Legal

Listing Agreement Exclusive Right To Sell
Parcel Number 35-18-26-0030-000-00700
Tax 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

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 28, 2026 11:32 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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2922 Rustwood LaneEustis, FL 32726Price: $341,999

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2922 Rustwood LaneEustis, FL 32726Price: $341,999

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