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WATERFRONT OPPORTUNITY WITH APPROXIMATELY 3/4 ACRE, 400 FEET OF CANAL FRONTAGE & 3-CAR GARAGE! This unique Eustis property offers an exceptional combination of land, water, privacy and space, with a canal leading toward Trout Lake, and peaceful views of a 40-acre bird sanctuary across the canal. If you're looking for a property with character, flexibility and room to make it your own, this one deserves a look. Offering approximately 3,152 square feet of living space, 4 bedrooms and 3.5 bathrooms, this expansive home provides an abundance of room and flexibility. The property features a unique configuration with multiple living areas and spaces that can be adapted to suit a variety of needs. Portions of the home have been updated with newer finishes, while other areas provide an opportunity for the next owner to reimagine the layout and create a truly personalized waterfront residence. The kitchen areas feature solid wood cabinetry, granite countertops, breakfast bar and dining space, while large windows throughout the home bring in natural light and views of the surrounding greenery and wildlife. The primary bedroom includes a private half bath, outdoor shower and its own private deck, an ideal spot for morning coffee, reading or bird watching. Outside is where this property truly shines. Enjoy approximately 3/4 acre, extensive canal frontage, and peaceful canal and bird sanctuary. Spend evenings around the fire pit, launch a kayak or small boat, entertain friends, or simply enjoy the privacy and tranquility of your own waterfront retreat. The canal provides access toward Trout Lake and, for smaller boats, continuing toward Lake Eustis under the bridges. A 3-car garage provides valuable parking, storage and workspace, while the additional lot creates even more possibilities for future expansion, recreation or other uses, subject to applicable zoning and approvals. Located in a quiet neighborhood while remaining convenient to shopping, dining, parks, lakes and everything Eustis has to offer, this is a rare opportunity to acquire a large waterfront property with substantial land, canal access, a private boat ramp and incredible potential. Bring your vision and make this one-of-a-kind waterfront property your own!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1971
  • 0.3 Acre Lot
  • Waterfront
  • 3 Car Garage
  • 69 days on Market

  • Bedrooms
    4
  • Bathrooms
    3 full · 1 half
  • Year Built
    1971
  • Stories
    1.0
  • Architectural Style
    Ranch
  • Construction Materials
    Frame
  • Foundation
    Slab
  • Garage Spaces
    3.0
  • Parking Features
    Driveway, Garage Door Opener, On Street, Off Street, Guest
  • Living Area
    3152.0
  • Interior Features
    Eat-in Kitchen, Open Floorplan
  • Appliances
    Dryer, Dishwasher, Microwave, Refrigerator, Washer, Range, Disposal
  • Flooring
    Tile
  • Furnished
    Unfurnished
  • Exterior Features
    Outdoor Shower
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.3
  • Lot Features
    Waterfront, Cul-De-Sac, Paved
  • Water Front Features
    Canal Front
  • Water Front
    Yes
  • View
    Water, Canal
  • Utilities
    Cable Available, Cable Connected
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 507 Phyllis Cir?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 507 Phyllis Cir.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 507 Phyllis Cir?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $485,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Eustis, and can even get you in to see the property quickly.

How do I get a virtual tour of 507 Phyllis Cir?

Yes! A virtual tour is available for 507 Phyllis Cir. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 507 Phyllis Cir?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 507 Phyllis Cir at around $3,619. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 507 Phyllis Cir?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Lake County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 507 Phyllis Cir?

In most cases, yes. Whether 507 Phyllis Cir is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Eustis's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 507 Phyllis Cir?

We can handle that for you. Our preferred local agent specializes in residentials in Eustis and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $485,000 with 3,152 sqft of space—that comes out to approximately $154 per square foot.

How long has this property been on the market?

507 Phyllis Cir was listed on September 03, 2026, which means it's been on the market for 69 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1971, making it approximately 55 years old.

What is the lot size of this property?

507 Phyllis Cir sits on a 0.3-acre lot, which is 13,068 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Eustis Heights Elem
  • Middle: Eustis Middle
  • High: Eustis High School

Want to see how these schools compare? Check out our Lake County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 507 Phyllis Cir?

The most recent public record shows annual property taxes for 507 Phyllis Cir were approximately $10,313. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 507 Phyllis Cir still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively 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 deemed reliable but not guaranteed by the MLS. Copyright 2026, Stellar MLS. All rights reserved.

Last Updated: November 11, 2026 at 10:06AM | Source: Stellar MLS | MLS#: O6439349