$1,650,000
Active · 1 days on market · MLS# MFRG5114467
| Bedrooms | 10 |
|---|---|
| Bathrooms | 8 |
| Living area | 5,499 sq ft |
| Lot size | 1.89 acres |
| Year built | 1953 |
| Property type | Single Family Residence |
| Garage spaces | 4 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $20,473 |
| County | Orange |
EXCEPTIONAL LAKEFRONT LIVING WITH INCOME-PRODUCING PROPERTIES. This is a rare opportunity to own a beautifully renovated 5-residence Mount Dora property situated on a lush 2.14-acre parcel with an updated boathouse on spring-fed Lake Ola. Just off Hwy 441 and Sadler Road, the property is tucked away, offering peace, privacy, and tranquility thanks to the combination of partial fencing and a heavily treed/landscaped property line. As you drive down the lane, you are greeted with a row of graceful palm trees on either side, glorious lake views straight ahead, and tidy, attractive properties just waiting for your big ideas. The current owners have lovingly maintained and updated each residence with each roof being replaced in January of 2022. The drain field was replaced in December 2025, each property was updated in a sophisticated, chic design around 2021, and the boat dock was rebuilt in 2020. The 5 residences are comprised of a small house with a studio style bedroom, a duplex with a mirror image 2-BR 1 BA design on each side, a house with 3 BRs and 2 BA downstairs with 2 upstairs loft BRs (no closets), a full 3rd bathroom, and finished, A/C ducted garage to be comfortably used as extra living space, while remaining a fully functional garage. The final house is a 2 BR 2 BA design with a finished 1-car garage, ducted for A/C, so it can comfortably serve as extra living space while remaining a fully functional garage. The larger homes have long-term tenants, while the studio and duplex have remained successful vacation rentals. Whether used as a family compound, fully rented out for maximum income-generating potential, or as a combination where you make one home your residence and others remain rentals, know that there is no wrong decision. There’s so much potential here. The huge lakefront greenspace, along with the boathouse and kayak launch, offers an opportunity to enjoy the best of Florida outdoor living. Imagine fishing, boating, or kayaking, immersed in nature and surrounded by unspoiled beauty. Spring-fed Lake Ola is ideal for laid-back fishing or an exciting day of skiing. What a wonderful yard for hosting family and friend celebrations. When you do leave this idyllic setting, know that charming, historic downtown Mt. Dora is just a 5-mile drive to popular cafes, restaurants, coffee shops, eclectic boutiques, art galleries, and hometown festivals. Popular Vincent’s Italian restaurant is only 2.4 miles from home. Convenient toll roads make commuting to Orlando International Airport, Walt Disney World, Sanford, Lake Mary, and East Coast beaches easy and efficient.
Listing courtesy of Loretta C. Maimone, ERA GRIZZARD REAL ESTATE. Presented by MC Homes Realty Inc · 727432218.