NEW WATERFRONT DEVELOPMENT PLANNED IN DOWNTOWN EUSTIS

(AUGUST 2018 UPDATE:  The project at Sharp's Mobile Home Park is dead, according to the seller.  The property is still for sale.)

If all goes as planned, downtown Eustis will have a new waterfront residential community.  

The proposed Lake Eustis Club would redevelop Sharp’s Mobile Park and two adjacent parcels on Bay Street and Lakeshore Drive to make room for 86 new single-family homes.

According to the developers, Lake Eustis Club will be designed in a Key West style and offer 1,200 to 1,400 square-foot bungalows in four different floor plans.  The community, adjacent to Ferran Park, will feature a community pool, clubhouse, lakefront boardwalk and gated entry for residents. Added greenspace and road beautification along Lakeshore Drive, in addition to the renovation of a commercial and residential building at the front of the community on Bay Street, will complete the project.  The developers also plan to raise the elevation and mitigate existing drainage issues before construction on the residential units begins.

The site plan, future land use, and Lake Eustis Club subdivision will come before the Eustis City Commission for a vote in the near future.  The approximate current gross density is 21.3 units per acre. The proposed plan is approximately 10.4 units per acre, according to a city official.  The city’s CRA Board has already approved a redevelopment agreement.

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The three parcels, including the 119-pad mobile home park, total approximately 11.5 acres. The sale is anticipated to close at the end of April.

Once the sale of the parcels is finalized, Lake Eustis Club groundbreaking is targeted for November 2018, and the project is expected to take 3 to 5 years to complete. Parcel pre-sales will begin this May.

The project’s developers are WJ Capital, LLC, and Jacob P. Smith Building Company, owned by Lake County residents Wendall and Jacqueline Husebo and Daniel DiVenanzo respectively.

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