
242 Blue Water StreetEustis, FL, 32736
- Price per sqft
- $190
- Days on market
- 160
- Listed
- May 31
- Last reduction
- −$21,000
- Nov 4, 2026
About this property
BIG NEWS FOR FLORIDA HOMEBUYERS! Florida's newly approved Amendment 3 expands the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028 for qualifying homeowners on non-school property taxes! Your next home could come with significant property tax savings! Ask about the new homestead tax benefits!Welcome to this beautifully updated home in the highly desirable gated community of Blue Lake Estates! With approximately $60,000 in improvements completed within the last year, this move-in ready property offers the perfect combination of modern upgrades, flexible living spaces, and exceptional outdoor entertaining.
Major updates completed in 2025 include a new roof, new HVAC system with insulation and ductwork, new water heater, fresh interior and exterior paint, new luxury vinyl plank flooring throughout the living areas, and new carpet in all bedrooms. The oversized two-car garage features an insulated garage door, garage door opener, painted floor, and a new mini-split air conditioning system, making it ideal for hobbies, a workshop, home gym, or additional flex space.
Inside, you'll find an open and inviting floor plan designed for both everyday living and entertaining. The formal living room has been enhanced with French doors, creating the perfect private office, study, den, or media room. The formal dining room offers incredible flexibility and could easily serve as an additional sitting area while remaining open to the spacious family room.
The heart of the home is the well-appointed kitchen featuring granite countertops, 42-inch cabinetry, stainless steel appliances, crown molding, breakfast bar seating, two closet pantries, and a generous casual dining area large enough to accommodate a farmhouse table. The family room showcases crown molding, beautiful new flooring, and a tall sliding glass door that opens to your private backyard retreat.
The spacious primary suite offers a vaulted ceiling, private French door access to the patio, room for a sitting area, and two walk-in closets. The luxurious primary bath includes dual vanities, a soaking tub, oversized walk-in shower, private water closet, and linen closet. A split-bedroom floor plan provides privacy for family members and guests.
Outdoor living is truly exceptional with a 22' x 13' covered lanai that opens to an additional 28' x 13' screened patio extension completed in 2025. There is a handsome wood bar with a mini refrigerator enhancing your outdoor entertaining area. Beyond the screened enclosure are two additional outdoor deck areas perfect for grilling, entertaining, or relaxing in the Florida sunshine. The fully fenced backyard offers outstanding privacy and plenty of space to enjoy outdoor living year-round.
Additional features include an inside laundry room with shelving and the refrigerator, washer, and dryer are included.
This exceptional home combines extensive recent updates, versatile living spaces, and an outstanding location within one of Eustis' most sought-after gated communities. Schedule your private showing today!
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 242 Blue Water Street
- City
- Eustis
- State
- FL
- ZIP code
- 32736
- Year built
- 2008
- New construction
- No
- Attached property
- No
- Faces
- East
- Rooms
- 10
- Building stories
- 1
- Living area
- 2,096 sqft
- Total building area
- 2,811 sqft
- Levels
- One
Price & sale history
Asking price reduced by $36,000 (8.3%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #O6410679 | $399,000Change: −5%−$21,000 | −5%−$21,000 | |
| Price reducedMLS #O6410679 | $420,000Change: −3.4%−$15,000 | −3.4%−$15,000 | |
| Listed for saleMLS #O6410679 | $435,000 | Not applicable | |
| SoldMLS #G5084648 | $375,000 | Not applicable |
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