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36525 Reserve Drive
Eustis, FL 32736
Ahmad Hassan, PA with COMPASS FLORIDA LLC, original listing - (407) 203-9441
$799,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2568 Square Feet
Property Description
A rare, once-in-a-lifetime opportunity to own this expansive 5-acre ranch estate, offering unmatched privacy and tranquility. Enter through a private gated entrance and extended driveway, where this stunning retreat unfolds. It's spacious split floor plan features three bedrooms + dedicated office/den, easily convertible into a fourth bedroom. The deluxe kitchen boasts ample cabinetry, stainless steel appliances, and a peninsula with eat-in counter space, perfect for serving meals and entertaining. The great room is an entertainer’s dream, with oversized stackable sliding glass doors that open onto a massive lanai-covered porch, providing panoramic views of the estate and sunsets. The primary suite is a true oasis, tailored for comfort with a deluxe ensuite, featuring dual sink vanities, a soaking tub, and a spacious walk-in shower. A full two-car garage with additional extended port can be used for RV or boat parking, ensures ample storage and convenience. This is more than just a home—it’s a versatile estate with incredible outdoor amenities. A separate structure, previously used as a chicken coop, offers potential for conversion into an ADU or guest house. A life-sized playhouse adds charm and can be used for play or additional storage. At the rear, a horse barn with two stables and corral for training is perfect for equestrian enthusiasts or those looking to expand their outdoor lifestyle. Conveniently located just five miles from Publix and shopping, and a short drive to downtown Mount Dora, where you’ll find lakes, farmers markets, and a vibrant selection of local amenities. This is a rare opportunity that you don't want to miss out on, take advantage of it, and schedule your showing today.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
36525 RESERVE DRIVE
City
EUSTIS
State
FL
Zip Code
32736
County
LAKE (NORTH)
Listing
Name
Phone
(718) 641-9358
Office Name
Office Phone
(407) 203-9441
Agent Name
Ahmad Hassan, PA
Agency Phone
(407) 203-9441

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.