1505 RUSSELL AVENUE, EUSTIS, FL, 32726
Active314 days on marketListed Sep 12, 2025MLS #O6343741
About this home
1505 RUSSELL AVENUE
****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
Facts & features
The home at a glance
3.18 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,174 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,174/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Downtown Eustis
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Eustis. See the full Eustis guide →
Downtown Eustis — neighborhood snapshot
Population
4,304
Median age
32
Median income
$52,272
Median home value
$171,966
Avg household
3
Households w/ children
618
For the school run
Lake County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Eustis market
$336K → $355K
Eustis median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
Median sold price, Eustis, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 52% above the EUSTIS 32726 median. See the full Eustis market guide →
Paper trail
This home's history
Reality check
What actually sold near 1505 RUSSELL AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’25$140,000
1620 MORIN STREET
2 bd · 1 ba · 672 sqft · $208/sqft · 15 DOM
Sold · Jun ’26$212,500
105 W GOLF LINKS AVENUE
2 bd · 1 ba · 709 sqft · $300/sqft · 98 DOM
Sold · Jun ’26$200,000
465 BRIARCLIFF AVENUE
2 bd · 1 ba · 894 sqft · $224/sqft · 3 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1505 RUSSELL AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1505 RUSSELL AVENUE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Straight answers
1505 RUSSELL AVENUE FAQs
What would the monthly payment be for 1505 RUSSELL AVENUE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,174/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1505 RUSSELL AVENUE?+
The most recent tax bill on record (2024) was $2,008. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Eustis?+
At $449,800, this home is listed about 18% above the Eustis median of $382,500. The market section on this page shows how the area is trending.
Which schools are assigned to 1505 RUSSELL AVENUE?+
Eustis High School (high), Eustis Elementary School (elementary), Eustis Middle School (middle) — Lake County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$449,800 runs 52% above the EUSTIS 32726 median.
02Time on market is leverage
314 days on market against a Eustis median of 36 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $499,800, now $449,800 — a $50K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of SLOANE REALTY, LLC · Matt White. MLS #O6343741.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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