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Listed by SLOANE REALTY, LLC
$499,800
Est. payment /mo
3.18 Acres Lot
New
1505 RUSSELL AVE Eustis, FL 32726
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Key Details
Property Type Vacant Land
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Eustis Taylors Sub
MLS Listing ID O6343741
HOA Y/N No
Annual Tax Amount $2,007
Lot Size 3.180 Acres
Acres 3.18
Lot Dimensions 450 x 309
Property Sub-Type Multi-Family
Source Stellar MLS
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
Location
State FL
County Lake
Community Eustis Taylors Sub
Area 32726 - Eustis
Zoning UR
Exterior
Utilities Available Public
Building
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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