507 Lakeshore DRIVE, Eustis, FL, 32726 | $579,000

A boater's dream and a once-in-a-lifetime opportunity! This unique home is the ideal retreat or an exceptional Air BNB destination. It boasts a significant history; please refer to the attachments for this home's fascinating story. Ideal for sailors or boaters, this home is a haven for those who desire to be on the water, be it full-time or just for a weekend getaway.


Tucked away in a private oasis and within walking distance of downtown Eustis' shops and eateries, this hidden treasure is a portal to the endless adventures awaiting you on Lake County's freshwater lakes and canals with direct access to Lake Eustis.


As you enter the property a circular driveway is established amidst the bamboo and palm trees leading you to the main attraction. The property provides plenty of room for your boat, whether a pontoon or sailboat, in two large, covered parking areas. The boat dock holds up to two 30ft in length boats. The property is conveniently situated near downtown Eustis, known for its delightful dining spots and quaint shops, a brief walk takes you to the Eustis Waterfront Grille on Lakeshore Drive, where you can indulge in fine dining, drinks, and stunning sunsets.


The residence is well-maintained by the current owner and features a host of extras including two bedrooms and two full bathrooms on the ground floor, and a loft on the upper level perfect for a third bedroom, studio, or office. Storage is abundant and is available both indoors and outdoors, with three sheds on the property, with one that serves as an ideal man-cave.

Highlights include updated appliances within the past two years, granite countertops, a distinctive one-piece granite floor in the second bathroom, secret compartments, new windows, newly installed and refinished floors, shower towers in the main bathroom, no lawn maintenance, and a water softener to name a few. There are authentic artisanal features which include Venetian plaster, layered paintwork, and nautical teak rope trim.


Experience the serenity of the water fountain and waterfall just outside your living room on the lower level. The first floor houses the primary bedroom with an ensuite, a guest bedroom and bathroom, a galley kitchen, an ample pantry, and a laundry room. The rooftop deck offers an ideal retreat for relaxation or dining while enjoying the scenic views.


Now is your chance to seize the day and become the Captain of your own waterfront boat home.

Features

  • Rooms: 11
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 80 x 161
  • Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Style: Custom, Other
  • Year Built: 1965
  • Garage: Circular Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,806
  • Acreage: 0.3
  • Lot Size: 80 x 161
  • Est. Taxes: $3,662
  • Lot Desc: Cleared, City Lot, Landscaped, Level, Near Marina
  • View: Trees/Woods, Water
  • Elem. School: Treadway Elem
  • Middle School: Eustis Middle
  • High School: Eustis High School
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: G5086043
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/G5086043/507lakeshoredrive_eustis_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 8:17:12 AM)
Listing courtesy of FLORIDA LIFESTYLE REALTY GROUP   Phone: 352-343-0030

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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507 Lakeshore DRIVE, Eustis, FL, 32726

$579,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $463,200 $463,200 $463,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $305 $305 $305
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,082 $3,079 $3,906
Total Monthly Payment $3,479 $3,476 $4,303

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.