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About this home
2979 S Grove St is a 1935-built home in 0002, Eustis. Inside you'll find 2 bedrooms, 1 bathrooms, and 1,400 square feet of living space. Listed at $270,000 (about $193/sqft), 100 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY! Located just off the highly traveled intersection of US HIGHWAY 441 AND S BAY STREET in Eustis, this unique property offers incredible potential for investors, developers, and business owners. The existing home is a FIXER-UPPER and the property has already received APPROVED REZONING FOR COMMERCIAL AND MULTIFAMILY USE, giving the next owner a valuable head start. Whether you choose to renovate the existing home, create an income-producing rental, establish a business, or redevelop the property for commercial or multifamily use (subject to local requirements), the possibilities are extensive. Its location along one of Eustis’ busiest commercial corridors provides EXCELLENT ACCESSIBILITY AND EXPOSURE while remaining just off the main intersection. Conveniently located near DOWNTOWN EUSTIS, shopping, restaurants, medical facilities, schools, and major roadways, this property is positioned in an area experiencing continued growth and redevelopment. The owner has already completed the rezoning process, eliminating a significant hurdle for future development. Properties with this combination of location, zoning flexibility, and investment potential are hard to find. Whether you’re an investor looking for your next project or a developer seeking a prime location, this is an opportunity you won’t want to miss. VACANT. ALL SHOWINGS MUST BE SCHEDULED THROUGH SHOWINGTIME. DO NOT WALK THE PROPERTY OR APPROACH THE HOME WITHOUT A CONFIRMED APPOINTMENT. PROPERTY IS MONITORED. CONTACT LISTING AGENT WITH ANY QUESTIONS.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. 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
$270,000
$193 per sq ft
Beds and baths
2 beds, 1 baths
Size
1,400 sq ft
Time on market
100 days
Year built
1935
Monthly payment
About $1,594/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $612 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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