Price Reduction - Waterfront
Address
1039 Lake Gracie Drive, EUSTIS, FL
Price
$ 485,000
Property Attributes
- MLS#G5109854
- TypeSingle Family
- Listing Status Active
- CountyLake
- CityEUSTIS
- AreaEustis
- NeighborhoodEUSTIS HOGAN TERRACE
- Zip32726
- StyleSingle Family Residence
- Year Built1970
- Taxes$ 4022
- Price$ 485,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage2847
- Lot Size0.51 Acres
Data Source:
Stellar MLS
Property Description
Set along the peaceful shoreline of Lake Gracie, this 4-bedroom retreat offers a quiet kind of living that feels worlds away, yet right at home. With 84 feet of waterfront and a spacious half-acre setting, the days here naturally slow down, filled with morning paddles, calm water views, and evenings that reflect softly across the lake. Inside, warmth and character shine through. Wood beam ceilings and a gas fireplace create a cozy, grounded living space, while the layout offers room to live, work, and create. The converted basement adds flexible space for an office or craft room and includes a convenient half bathroom, offering even more functionality beyond the listed square footage. Upstairs, a full-length balcony stretches across the home, accessible from both the primary bedroom and one of the guest bedrooms, creating the perfect place to take in the lake views, sip your morning coffee, or unwind at sunset. The primary bathroom is thoughtfully updated with timeless Carrara marble finishes, adding a touch of everyday luxury. Located just minutes from downtown Eustis and Ferran Park, you are close to local shopping, dining, waterfront events, and year-round festivals while still enjoying the peace and privacy of lakefront living. To top it off, this home features brand new carpet (2026) and a BRAND NEW ROOF (July 2026), giving you added peace of mind. This is the kind of home where life feels a little softer, a little slower, and a lot more connected to nature.
| Price History | |
|---|---|
| 3/23/2026 | Listed $545,000 |
| 4/21/2026 | 2$535,000 |
| 5/20/2026 | 2$525,000 |
| 7/5/2026 | 2$515,000 |
| 8/10/2026 | 3$499,900 |
| 8/28/2026 | 1$495,000 |
| 9/5/2026 | 1$489,900 |
| 9/10/2026 | 1$485,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | BB/HS Internet Available,Cable Available,Electricity Connected,Natural Gas Available,Sewer Connected,Water Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Built-In Oven,Cooktop,Dishwasher,Dryer,Microwave,Refrigerator,Washer |
| Zoning | SR |
| Garage Spaces | 2 |
| Construction Materials | Block,Brick,Wood Frame |
| Year Built | 1970 |
| Levels | Multi/Split |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Waterfront Features | Lake Front |
| County | Lake |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | true |
| Subdivision Name | EUSTIS HOGAN TERRACE |
| Facing Direction | Southwest |
| Garage Y/N | true |
| Total Rooms | 8 |
| Full Baths | 2 |
| Status | Active |
| Directions | From SR 44 turn left on S Exeter St, Right on E Key Ave, left on Lake Gracie Dr, Home is on your left. |
| City | EUSTIS |
| Senior Community Y/N | false |
| MLS Area | 32726 - Eustis |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 22347 |
| Carport Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 4022.28 |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Owner |
| Tax Lot | 10 |
| Legal Description | EUSTIS HOGAN TERRACE LOTS 10 11 BLK Z LAND OPPOSITE SAID LOTS & LAKE GRACIE BOUNDED ON N BY N LINE OF LOT 10 EXT & ON S BY S LINE OF LOT 11 EXT PB 5 PG 22 ORB 4835 PG 1667 |
| Water View | Lake |
| Water Access Type | Lake |
| Minimum Lease | No Minimum |
| Water Access Y/N | true |
| Additional Rooms | Den/Library/Office |
| Water View Y/N | true |
| Flood Zone Code | X |
| In Law Suite YN | false |
| Flood Zone Code X | Yes |
Interior Features
| Interior Amenities | Ceiling Fan(s),Central Vacuum,L Dining,PrimaryBedroom Upstairs,Stone Counters,Vaulted Ceiling(s) |
|---|---|
| Flooring | Carpet,Laminate,Marble,Tile |
| Furnished Y/N | Negotiable |
| Fireplace Features | Gas,Living Room |
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Half Baths | 1 |
| Laundry Features | Inside |
| Total Bedrooms | 4 |
| LivingAreaSource | Public Records |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Balcony,French Doors |
|---|---|
| Fencing | Vinyl |
| Parking Features | Oversized |
| Lot Features | Gentle Sloping,City Lot |
| Water Source | Public |
| Lot Size Area | 22347 |
| Foundation Details | Block |
| Building Area Total | 4145 |
| Lot Dimensions | 84 x 145 |
| Lot Size Acres | 0.51 |
| Road Surface Type | Paved |
| Private Pool | false |
| Waterfront Y/N | true |
| Covered Spaces | 2 |
| Road Frontage Type | Street Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 32726
Price
Taxes
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated Last updated on September 14, 2026 5:11 PM UTC The listing information on this page last changed on Last updated on September 14, 2026 5:11 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on September 14, 2026 5:11 PM UTC
© 2026 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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. Information is deemed reliable but not guaranteed.
