Virtually Staged. Exceptional 40± Acre Agricultural Opportunity in Lake County – Turnkey Hemp Operation or Private Ranch Potential Rarely does a property like this become available. Spanning approximately 40 acres, this former fernery—now operating as a licensed hemp production facility—offers a unique blend of established infrastructure, income potential, and future versatility. The property is fully equipped for agricultural use with multiple wells, high-capacity diesel-powered irrigation systems (4”, 8”, and 10” lines), and extensive greenhouse/shade structures that can be utilized for continued cultivation or removed to create a blank slate for alternative uses. At the center of the operation is an updated warehouse featuring new A/C, two walk-in coolers, and ongoing build-out of a commercial-grade kitchen, storage areas, and large submerged tanks—providing flexibility for processing, storage, or expansion of operations. Additional improvements include barns, equipment storage, office space, and multiple outbuildings to support a wide range of agricultural or business needs. Beyond its functionality, the property offers a beautiful natural setting with open pasture, scattered oak trees, a small pond, and abundant wildlife—creating an ideal backdrop for a private estate, ranch, or multi-use agricultural venture. Residential features include a ~2,300 sq ft home with an inground pool (ready for updates to make it your own), as well as a secondary mobile home with a newer roof. Infrastructure upgrades include a new well pump, updated interior lighting, flooring, and paint in the main home, along with recently serviced and certified septic systems. Tucked away just 1/4 mile off a county road on a quiet dead-end street, the gated entrance ensures privacy while still maintaining convenient access. Whether you’re looking to continue hemp production, revive the nursery operation, diversify agricultural use, or create a private compound—this property offers unmatched flexibility and opportunity. Endless possibilities with infrastructure already in place.
Lot/land
$1,399,000
40945 BEACH LOT 21, EUSTIS, FL 32736
--beds
0baths
40.74Acres
Unimproved Land
Built in ----
40.74 Acres Lot
$953,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 163 days
- 23
- 0
Zillow last checked:
Listing updated:
Listed by:
Erica Diaz 407-897-5400,
HOMEVEST REALTY 407-897-5400,
Tambria Naginey 407-794-7966,
HOMEVEST REALTY
Source: Stellar MLS,MLS#: O6396224
Originating MLS: Orlando Regional

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Lot
- Size: 40.74 Acres
- Dimensions: 1329 x 1337 x 1336 x 1333
- Features: Street Dead-End, Unincorporated, Zoned for Horses
Details
- Additional structures: Other, Workshop
- Additional parcels included: 05-18-29-0003-000-01200
- Parcel number: 05 18 29 0003 000 02100
- Zoning: A
- Special conditions: None
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Pet fee: $0 monthly
HOA
- Has HOA: No
Location
- Region: Eustis
Financial & listing details
- Tax assessed value: $292,810
- Annual tax amount: $11,237
- Date on market: 4/4/2026
- Cumulative days on market: 162 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$953,200
$753,000 - $1.21M
$2,866/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $1,399,000-6.7% |
Source: | ||
| 4/4/2026 | Listed for sale | $1,499,000+7.1% |
Source: | ||
| 6/3/2022 | Listing removed | -- |
Source: | ||
| 4/22/2022 | Listed for sale | $1,400,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,721 +1.4% | $292,810 +3.8% |
| 2024 | $4,655 +15.9% | $282,150 +10% |
| 2023 | $4,015 +24.4% | $256,502 +28.5% |
| 2022 | $3,228 +11.6% | $199,540 +10% |
| 2021 | $2,891 -6.2% | $181,400 -0.1% |
| 2020 | $3,084 +0.3% | $181,596 +2.3% |
| 2019 | $3,073 +8.9% | $177,596 +7.7% |
| 2018 | $2,823 +22.5% | $164,887 +6.1% |
| 2017 | $2,304 -1.4% | $155,356 +0.5% |
| 2016 | $2,338 -2.6% | $154,617 +0.8% |
| 2015 | $2,399 +0.1% | $153,321 +1% |
| 2014 | $2,398 +7.6% | $151,826 +1.3% |
| 2013 | $2,229 -1.1% | $149,809 -0.1% |
| 2012 | $2,254 -1.3% | $149,925 -1.4% |
| 2011 | $2,283 -3.8% | $152,096 -2.4% |
| 2010 | $2,374 -3.7% | $155,885 -3.8% |
| 2009 | $2,464 -5.2% | $162,006 -5.3% |
| 2008 | $2,599 -2.1% | $171,041 -1.9% |
| 2007 | $2,655 -4% | $174,286 +3.6% |
| 2006 | $2,764 +11.6% | $168,164 +12.8% |
| 2005 | $2,477 +2.6% | $149,142 |
| 2004 | $2,414 +3.4% | -- |
| 2003 | $2,334 +43.5% | $134,134 +4.8% |
| 2002 | $1,627 | $128,003 +1.6% |
| 2001 | $1,627 -22% | $125,988 |
| 2000 | $2,087 | $125,988 |
Find assessor info on the county website







