Active

$389,000

Features:
  • 2 Bedrooms
  • 1 Bathrooms
  • 916 sq ft
Overview
  • ID: MFRO6339259
  • Bedrooms: 2
  • Bathrooms: 1
  • Size: 916 sq ft
Property Details
Remarks
***SELLER will credit up to $10,000.00 in closing costs at closing with Sellers preferred lender!!***LOT SIZE 100X130! This unique property also has two short term rentals! Great investment opportunity and in Highly sought after Downtown Mount Dora! Discover a truly unique opportunity with this charming property! Nestled on a sprawling 100 x 130-foot lot, this R2-zoned gem is located less than a mile to the picturesque historic downtown Mount Dora, right in the vibrant golf cart district. Currently, it boasts two delightful vacation rentals that capture the essence of relaxation and creativity. The first rental is an enchanting, artsy cottage, constructed with sturdy block and exuding a warm, inviting atmosphere. Inside, you’ll find two bedrooms and a lovely bonus room that currently serves as a dining area, perfect for sharing meals and memories. Recently updated, this cottage features stylish new flooring that complements its welcoming vibe, along with an open kitchen that beckons joyful gatherings. Step outside, and through a complete privacy fence, you’ll encounter a vintage camper on its own cement pad—an adventurous second vacation rental! This whimsical dwelling comes complete with its own fire pit, ideal for cozy evenings under the stars, as well as a delightful dining patio where you can grill your own BBQ meals. Don’t miss the unique "private outdoor shower," offering a refreshing escape after a day of outdoor fun. To add to the convenience, this camper is connected to its own public sewer line, and there's an additional hookup available for another RV—perfect for welcoming friends and family! A newly constructed storage building, measuring 12x24 feet, stands proudly on the property, fully permitted and ready to serve your storage needs. (approx cost 20k 2025) With no HOA constraints, you have the freedom to park your boat, and just a stone's throw away is the beautiful Gilbert Park—your launching point for exciting water adventures. Plus, you’ll love the convenience of being a couple of blocks from all the charming downtown shops and delightful restaurants that make Mount Dora special. For future investment, the R2 zoning should allow a duplex or a fourplex after lots are separated! Or your dream home right in the perfect location!! (was formerly two lots 30 & 31, buyer or buyers agent to verify with the city)
Financial Considerations
Price:
$389,000
HOA Fee:
N/A
Tax Amount:
$3807
Price per SqFt:
$424.67
Tax Legal Description:
MOUNT DORA, GRANDVIEW TERRACE LOTS 30, 31 PB 8 PG 47 ORB 5709 PG 559
Exterior Features
Lot Size:
13800
Lot Features:
City Limits, Oversized Lot
Waterfront:
No
Parking Spaces:
N/A
Parking:
Boat, RV Access/Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
2
Bathrooms:
1
Heating:
Central
Cooling:
Central Air
Appliances:
Gas Water Heater, Range, Range Hood, Refrigerator
Furnished:
No
Floor:
Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1946
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outdoor Grill, Outdoor Shower, Storage
Additional Features 2:
N/A
Map
  • Address
    521 MICHIGAN ST
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