242 Blue Water St, photo 1
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Overview

3 bd2 ba2,096 sqft2 car garageSingle Family
TypeSingle Family
HOA$661/yr
Built2008
Lot10,000 sqft
Living area2,096 sqft
Price / sqft$200
Garage2 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Crown MoldingHigh CeilingsOpen FloorplanSplit BedroomStone CountersVaulted Ceiling(s)Walk-in Closet(s)

242 Blue Water St is a 2008-built home in Blue Lake Estates, Eustis. Inside you'll find 3 bedrooms, 2 bathrooms, and 2,096 square feet of living space. Listed at $420,000 (about $200/sqft), 133 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $661 semi-annually.

From the listing

Seller to provide buyer with a $2500 closing cost credit with acceptable offer by Oct 31, 2026. Welcome to this beautifully updated home in the highly desirable gated community of Blue Lake Estates! With approximately $60,000 in improvements completed within the last year, this move-in ready property offers the perfect combination of modern upgrades, flexible living spaces, and exceptional outdoor entertaining. Major updates completed in 2025 include a new roof, new HVAC system with insulation and ductwork, new water heater, fresh interior and exterior paint, new luxury vinyl plank flooring throughout the living areas, and new carpet in all bedrooms. The oversized two-car garage features an insulated garage door, garage door opener, painted floor, and a new mini-split air conditioning system, making it ideal for hobbies, a workshop, home gym, or additional flex space. Inside, you'll find an open and inviting floor plan designed for both everyday living and entertaining. The formal living room has been enhanced with French doors, creating the perfect private office, study, den, or media room. The formal dining room offers incredible flexibility and could easily serve as an additional sitting area while remaining open to the spacious family room. The heart of the home is the well-appointed kitchen featuring granite countertops, 42-inch cabinetry, stainless steel appliances, crown molding, breakfast bar seating, two closet pantries, and a generous casual dining area large enough to accommodate a farmhouse table. The family room showcases crown molding, beautiful new flooring, and a tall sliding glass door that opens to your private backyard retreat. The spacious primary suite offers a vaulted ceiling, private French door access to the patio, room for a sitting area, and two walk-in closets. The luxurious primary bath includes dual vanities, a soaking tub, oversized walk-in shower, private water closet, and linen closet. A split-bedroom floor plan provides privacy for family members and guests. Outdoor living is truly exceptional with a 22' x 13' covered lanai that opens to an additional 28' x 13' screened patio extension completed in 2025. There is a handsome wood bar with a mini refrigerator enhancing your outdoor entertaining area. Beyond the screened enclosure are two additional outdoor deck areas perfect for grilling, entertaining, or relaxing in the Florida sunshine. The fully fenced backyard offers outstanding privacy and plenty of space to enjoy outdoor living year-round. Additional features include an inside laundry room with shelving and the refrigerator, washer, and dryer are included. This exceptional home combines extensive recent updates, versatile living spaces, and an outstanding location within one of Eustis' most sought-after gated communities. Schedule your private showing today!

The essentials

Built
2008
Price / sqft
$200
On market
133 days
Annual tax
$3,426
HOA
$661/yr
Flood zone
X · Low risk
Lot
10,000 sqft
Type
Single Family Residence

At a glance

Single family
Built 2008
2 car garage
Driveway
10,000 sqft lot
Lot size
2,096 sqft
Living area

Payment

Est. monthly payment
$2,741/mo
Down payment (20%)
$84,000
Property taxes
$286/mo
HOA
$661/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2008
Lot
10,000 sqft
Cooling
Central Air
Heating
Central
Parking
Driveway, Garage Door Opener
Days on Market
133
Ceiling Fans(s)
Crown Molding
High Ceilings
Open Floorplan
Split Bedroom
Stone Counters
Vaulted Ceiling(s)
Walk-in Closet(s)
Private Mailbox
Rain Gutters
Sidewalk
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Elementary
Eustis Elem
Middle
Eustis Middle
High
Eustis High School

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone X
Annual Tax (2025)
$3,426
Parcel #
07-19-27-0250-000-05700

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Blue Lake Estates
County
Lake
MLS Area
32736 - Eustis
Lot Size
10,000 sqft
City LimitsLandscapedLevelSidewalk
HOA
$661/yr
Artemis LifeStyle Services, INC

Price history

Date
Event
Price
10/7/2026
Price change
Source: Stellar MLS #O6410679
$420,000-1.2%
$200/sqft
-
Price change
Source: Stellar MLS #O6410679
$425,000-2.3%
$203/sqft
5/31/2026
Listed for sale
Source: Stellar MLS #O6410679
$435,000
$208/sqft

Neighborhood

242 Blue Water St
Eustis, FL, 32736 · 32736 - Eustis

Market insights

Offer Insights

Choose an offer strength

List price: $420,000
$410,000 – $420,000
97.6% – 100% of listTops out right at the list price
80% of listList price
45 of the last 88 home closings in 32736 landed at this number or higher (51%). The median one sat 45 days before it went under contract, and this one is on day 133 after a $15,000 cut.

Sample: 88 closed home sales in 32736 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$2,741/mo
Principal & interest$2,190
Property taxes$286
Insurance$210
HOA$55
Down payment20% · $84,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$420,000

$200 per sq ft

Beds and baths

3 beds, 2 baths

Size

2,096 sq ft

Time on market

133 days

Year built

2008

Monthly payment

About $2,741/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,426 annual tax bill, insurance, and the $661/yr HOA fee.

HOA fee

$661/yr

Managed by Artemis LifeStyle Services, INC.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Have another question?

Brokered byCOLDWELL BANKER REALTYListing agent: Brad MerrellListing data from Stellar MLS, MLS# O6410679.

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