STATE ROAD 44
About This Property
**A rare opportunity to own 4.21 acres of beautiful lakefront property and create the custom home you've always envisioned!** This cleared and partially fenced parcel offers the perfect combination of privacy, space, and breathtaking waterfront views.
As you arrive, you'll immediately appreciate the **mature tree buffer along the front of the property**, creating a peaceful, private setting while maintaining an open and inviting feel. Follow the property toward the back and prepare to be captivated by the **stunning views of private Lake Lappin**-a picturesque backdrop for your future home, outdoor living spaces, and unforgettable sunsets.
Much of the preparation has already been done for you! Significant fill dirt has been brought onto the property to begin the building pad, giving you a head start on bringing your vision to life. Underground electrical has already been installed, and the power utility box is ready for connection to your future home. With plenty of room to design the home, pool, workshop, gardens, or outdoor oasis you've always wanted, this property offers endless possibilities.
Beyond the tranquility of your private lakefront setting, you'll enjoy a convenient location approximately **30 minutes from Lake Mary and Orlando/Sanford International Airport**, with easy access to shopping, dining, entertainment, and recreation. Golf enthusiasts will love the proximity to **St. Johns Marina, Black Bear Golf Club, RedTail Golf Club, and Eagle Dunes Golf Club**.
Opportunities to build a custom home on a spacious, private lakefront parcel like this don't come along often. **Bring your vision, your plans, and your dreams-Lake Lappin is waiting for you!**
**Come see this incredible property and experience the view for yourself. Your dream home starts here!**
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Aug 20, 2026 | Listed by LPT REALTY LLC | $499,000 | |
| Listed by LPT REALTY LLC | |||
| Aug 8, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Listed by SERHANT | $25,000 | |
| Listed by SERHANT | |||
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Build your vision on this wooded vacant residential parcel located on State Road 44 in Eustis. Surrounded by mature trees, this property offers a natural setting while providing convenient frontage on a paved state road. Whether you're looking to build a custom home or invest in land for the future, this parcel offers plenty of potential. Enjoy the privacy of a wooded setting with easy access to Eustis, Mount Dora, shopping, dining, and major roadways.
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| Jun 17, 2026 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017