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    Eustis Home in 55+ Community Title is generated by Realmo AI

    115 PALM DRIVE, Eustis, FL 32726

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    For Sale
    $65,000

    Home in Country Club Manor with lake access and amenities.

    Type:Mobile Home
    Property size:
    1,344 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $48/SF
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for 115 PALM DRIVE

    General Information

    Standard status
    Active
    Size
    1,344 SF
    Lot size
    0.14 Acres
    Property subtype
    Mobile Home

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Kara Wisely
    Kara Wisely

    Listing agent Kara Wisely License #3365981

    Listing office BHHS FLORIDA REALTY

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BHHS FLORIDA REALTY

    HighLights

    • Direct canal access to Trout Lake with open lake view
    • Located in desirable Country Club Manor 55+ community
    • Co‑op fee includes many amenities: lake access, clubhouse, community pool, water, trash, sewer
    • Large 1,344 sq ft heated area
    • Huge primary bedroom with en suite bathroom, walk‑in closet, and washer/dryer
    • Full wrap‑around Florida room and additional enclosed porch

    Overview

    Located in the Country Club Manor, a 55+ community in Eustis, this home offers access to Trout Lake. The co-op fee of $231.00 per month includes access to the clubhouse, community pool, water, trash, and sewer services. Situated on the canal, the property provides direct access to Trout Lake and overlooks the clubhouse and open lake. The home features a heated area of 1,344 square feet and a total area of 2,585 square feet. The Florida Room overlooks the canal with multiple windows to highlight the view. The open floorplan includes a living room and dining room combination. The primary bedroom is spacious and includes an en suite bathroom with a walk-in closet, as well as a washer and dryer. The second bedroom is also nicely sized with an en suite bathroom and walk-in shower. A family room is located off the kitchen, leading to the bedrooms. There is a full wrap-around Florida Room and an additional enclosed porch off the living room. A shed with additional storage space is located off the carport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6843478
    Latitude
    28.8695184

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    FAQs

    What type of property is this?
    Mobile home & RV park - Home in Country Club Manor with lake access and amenities.
    Where is this mobile home & rv park located?
    The property is located at 115 PALM DRIVE Eustis, FL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Direct canal access to Trout Lake with open lake view; Located in desirable Country Club Manor 55+ community; Co‑op fee includes many amenities: lake access, clubhouse, community pool, water, trash, sewer
    (352) 729-7325
    We can help!
    Listing Contact
    Kara Wisely
    Kara Wisely
    Real Estate License ID: 3365981
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    115 PALM DRIVE, EUSTIS, FL 32726
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