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… Read More 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. Read Less
Courtesy of ERA GRIZZARD REAL ESTATE 352-735-4433
Listing Snapshot
Days Online
47
Last Updated
Property Type
Single Family Residence
Beds
10
Full Baths
8
Square Ft.
5,499
Lot Size
1.89 Acres
Year Built
1953
MLS Number
G5114467
Source: Home Junction
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Paved
Appliances & Equipment
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Other equipment: None
Building
Built in 1953, Living area: 5499, Living area units: Square Feet, Building faces West, Levels: One, Construction Materials: Block, Stucco
Cooling
Central Air
Exterior Features
None
Floors
Cork
Foundation
Slab
Garage
4 spaces
Heating
Central, Electric
Interior Features
Ceiling Fans(s)
Lot
1.89 acres, Dimensions: 134x633x, In County, Landscaped, Level, Oversized Lot, Paved, Mature Landscaping, Trees/Landscaped
Parking
Assigned, Driveway, Garage Door Opener
Pets Policy
Allowed: Yes
Property
Completed, Other structures: Additional Single Family Home, Water
Roof
Shingle
Sewer
Septic Tank
Taxes
Additional parcels description:, Parcel Number: 27-20-17-3748-00-162, Public Survey Range: 27, Public Survey Section: 17, Annual Amount: $20,472.7, Tax Block: 000, Tax Book Number: PB A PG 136, Legal Description: W E HUDSONS SUB A/136 W 121 FT OF LOT 16LYING N OF HWY 448 & LAND TO LAKE, Lot: 16, Year: 2025, Zoning: R-CE
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Water Source: Well
Water Features
Water Body Name: LAKE OLA, Lake Front
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