Under contract-accepting backup offers. Spectacular waterfront property situated on a private peninsula of nearly 2 acres. Breathtaking views of across Lake Eustis are front and center and to the right, privacy toward the left via conservation property and canal along the left side. Original mid-century home has "Great Bones" and a new metal roof. All the permitting and hard work has been done on a guest house but left for the new owner to finish. Complete the second dwelling and live there while restoring the main home to it's once elegant beauty. Two story utility building for storage and long drive way approaching so many possibilities. A rare find, make this oasis your dream lake home!

12829 Pine Island Drive is in LEESBURG, FL. This Residential property for sale is currently being offered at $950,000. Built in 1957 this 4 bedroom, 4.00 bathroom Lake Residential property has been listed on RealtyInOrlando.com for 28 days. 12829 Pine Island Drive is priced at $292.67 Per Square Foot, and is situated on 1.75 acres of land. Please contact your local Realtor® for more information on 12829 Pine Island Drive, LEESBURG, FL 34788. Property Listing Reference: MLS number: G5080338.