After several years as a sod field, the former Pine Meadows Golf Course east of State Road 19 northeast of Eustis is for sale again -- and in early stages of being annexed into the city of Eustis.
The 241-acre property listed at $3.75 million, $15,560.17 per acre. Seller Peter Strimenos told GrowthSpotter that the land is ripe for residential development bordered by neighborhoods to the northeast, Pine Meadows Conservation Area to the northwest and undeveloped land to the south. A potential site plan shows a possible 514 residential lots, with 430 single-family and 84 townhomes for a proposed density of 3.84 dwelling units per acre.
The property, east of State Road 19 and north of County Road 44, had been under contract and in due diligence, but that deal is off. The parcel includes a 25-acre tract of commercial land that has access to C.R. 44 just east of Trout Lake Nature Center. David Hitchcock and Clay Taylor of Saunders Real Estate are the listing agents.
Strimenos said he has donated or has planned to donate other parts of the golf course.
The Arc Sunrise of Central Florida, a nonprofit that offers services to individuals with intellectual and developmental challenges, was given some land to build a new 4,000 square foot center, Strimenos said.
"It helps people that cannot help themselves and they have a beautiful building up now," he said. He is also in talks with government officials to donate the old tennis courts for renovation and future use by the surrounding community.
Pine Meadows Golf Course closed several years ago.
If annexed into Eustis, a developer could build up to 5 units on each acre.
"The most likely density would be about 3 units per acre," the listing reads. "Impact fees are about $15,000."
A 12,500 square foot club house on the property, originally built in 1920 and now remodeled, had previously served the golf course.