Urban Residential Development
For Sale
$449,800
1505 Russell Avenue, Eustis, FL 32726
3.18-acre urban residential-zoned site with potential for up to 38 units under development standards.
Property SizeContact for details
Lot Size3.18 Acres
Days on Market469
Property Features for 1505 Russell Avenue
General Information
Standard status
Active
Lot size
3.18 Acres
Property subtype
Land
Zoning
UR
Taxes and HOA fees
Annual Taxes
$2,008
Amenities
No
Square Feet
Listing Agency:
SLOANE REALTY, LLC
(407) 758-3166
Listed By:
Matt White · License #3106449
(407) 758-3166
Source:
Compass
Added: May 17, 2025
Changed: Aug 8
Last Checked: Mar 25 at 12:41PM
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 SLOANE REALTY, LLC
Investment Insights
Based on property information with market context.
This 3.18-acre development parcel is offered for sale with Urban Residential (UR) zoning. The property is described as having potential to build up to 38 units, subject to applicable development standards and site regulations.
The UR zoning supports higher-density residential options close to the downtown core. Permitted uses listed for the UR designation include multi-family communities, single-family detached homes, single-family attached (duplex, rowhouse, and townhome) configurations, group homes (up to 6 residents), and child daycare centers and nursery schools.
The provided standards include a maximum density of 12 units per acre and height limits of 35 feet for single-family and 45 feet for multi-family. The remarks also describe possible density bonuses of 5% to 15% for projects that incorporate affordable housing and/or qualifying green building and energy efficiency measures. Manufactured housing is permitted if units are manufactured off-site but meet federal and state construction standards, are permanently attached to foundations, and comply with lot, yard, and land development regulations.
The UR zoning supports higher-density residential options close to the downtown core. Permitted uses listed for the UR designation include multi-family communities, single-family detached homes, single-family attached (duplex, rowhouse, and townhome) configurations, group homes (up to 6 residents), and child daycare centers and nursery schools.
The provided standards include a maximum density of 12 units per acre and height limits of 35 feet for single-family and 45 feet for multi-family. The remarks also describe possible density bonuses of 5% to 15% for projects that incorporate affordable housing and/or qualifying green building and energy efficiency measures. Manufactured housing is permitted if units are manufactured off-site but meet federal and state construction standards, are permanently attached to foundations, and comply with lot, yard, and land development regulations.
Key Highlights
- 3.18‑acre Urban Residential (UR) zoned development site with potential for up to 38 units under applicable standards
- UR zoning permits multi‑family communities and single‑family detached, duplex/rowhouse/townhome, and group homes (up to 6 residents)
- Permitted uses also include child daycare centers and nursery schools
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 3.18-acre urban residential-zoned site with potential for up to 38 units under development standards.
Where is this residential land & home lot located?
The property is located at 1505 Russell Avenue Eustis, FL.
What is the asking price?
The asking price for this property is $449,800.
What are key features of this property?
This property features: 3.18‑acre Urban Residential (UR) zoned development site with potential for up to 38 units under applicable standards; UR zoning permits multi‑family communities and single‑family detached, duplex/rowhouse/townhome, and group homes (up to 6 residents); Permitted uses also include child daycare centers and nursery schools
