One or more photo(s) has been 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
Price cut: $100K (6/1)
$1,399,000
40945 Beach Rd #21, Eustis, FL 32736
--beds
0baths
40.74Acres
Unimproved Land
Built in ----
40.74 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Small pondOpen pastureMultiple wellsAbundant wildlifeScattered oak treesBeautiful natural settingHigh-capacity diesel-powered irrigation systems
- 74 days |
- 203 |
- 11 |
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
- Annual tax amount: $11,237
- Date on market: 4/4/2026
- Cumulative days on market: 75 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,556/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $1,399,000-6.7% |
Source: | ||
| 4/4/2026 | Listed for sale | $1,499,000-21.1% |
Source: | ||
| 6/4/2025 | Listing removed | $1,900,000 |
Source: | ||
| 2/6/2024 | Listed for sale | $1,900,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32736
Nearby schools
GreatSchools rating
- 5/10Seminole Springs Elementary SchoolGrades: PK-5Distance: 8.2 mi
- 3/10Eustis Middle SchoolGrades: 6-8Distance: 14 mi
- 3/10Eustis High SchoolGrades: 9-12Distance: 15.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Lake County
- Eustis
- 32736
- 40945 Beach Rd Unit 21






