118 Grandview Street, MOUNT DORA, FL 32757
  • MLS#: G5108730 ( Residential )
  • Street Address: 118 Grandview Street
  • Viewed: 98
  • Price: $1,250,000
  • Price sqft: $361
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 3460
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 3
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 42
  • Additional Information
  • Geolocation: 28.7974 / -81.6402
  • County: LAKE
  • City: MOUNT DORA
  • Zipcode: 32757
  • Subdivision: Mount Dora Hough
  • Provided by: ERA GRIZZARD REAL ESTATE
  • Contact: Misty Noland
  • 352-735-4433
  • mfrmls
  • DMCA Notice
  • Description
    Strategically priced below a recent appraisal, this fully renovated multi unit estate offers a rare opportunity to own a luxury residence with built in income potential in the heart of Mount Dora. Thoughtfully redesigned from top to bottom, the property blends high end finishes, modern functionality, and exceptional flexibilityjust minutes from the charm, dining, and waterfront of downtown. Every aspect of the property has been updated, creating a cohesive, modern feel across all living spaces. The main residence showcases a bright, open concept design with expansive living areas filled with natural light, creating an inviting yet sophisticated atmosphere ideal for both everyday living and entertaining. At the heart of the home is a stunning chef inspired kitchen featuring quartz countertops, custom wood cabinetry, premium Caf appliances, and a spacious center island that seamlessly connects the living and dining areas. The primary suite offers a true retreat experience, complete with a spa style bathroom highlighted by a luxury multi zone smart shower system, delivering a level of comfort and customization rarely found at this price point. Additional bedrooms are generously sized and well appointed, offering flexibility for guests, a home office, or extended living needs, while the secondary bathroom has been beautifully updated with modern, designer finishes. Enhancing the propertys versatility is a fully renovated private in law suite with its own living room, kitchen, bedroom, and full bathroom, providing an ideal setup for multigenerational living or immediate rental income. Further increasing the value, the property also includes a detached garage and a fully renovated accessory dwelling unit (ADU) currently in the final stages of completion by the seller, creating a third independent living space upon completion. This unique configuration allows for multiple income producing opportunities and lifestyle options, including living in the main home while generating rental income from the additional units or maximizing returns through multiple rental streams. Based on current market data, the in law suite presents estimated long term rental potential of approximately $1,400 to $1,900 per month, while the detached ADU is projected to generate approximately $1,500 to $2,200 per month. For short term rental use, average nightly rates in the Mount Dora area range from approximately $175 to $205 with typical occupancy between 40% and 55%, resulting in estimated monthly revenues of approximately $2,200 to $3,500 or more, with top performing properties exceeding $5,000 per month. Situated on a spacious lot, the property features a newly installed driveway, an elegant circular paver drive, and extended parking leading to the detached garage and ADU, offering ample space, privacy, and convenience for residents and guests alike. The combination of a fully renovated main home, in law suite, and nearly completed ADU makes this a truly rare offering in one of Central Floridas most desirable and rapidly growing areas. Whether you are searching for a refined primary residence with built in income potential or a high performing investment property with multiple revenue opportunities, this home delivers on every level. Buyer to verify all rental use, income potential, and compliance with City of Mount Dora regulations. Schedule your private showing today and take advantage of this exceptional opportunity before it is gone.
Request More Information
  • All fields are required.
Features
Appliances
  1. Built-In Oven
  2. Dishwasher
  3. Exhaust Fan
  4. Gas Water Heater
  5. Microwave
  6. Range
  7. Range Hood
  8. Refrigerator
  9. Tankless Water Heater
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Lighting
  2. Other
  3. Private Yard
  4. Sidewalk
Flooring
  1. Tile
Furnished
  1. Unfurnished
Garage Spaces
  1. 2.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Kitchen/Family Room Combo
  3. Living Room/Dining Room Combo
  4. Open Floorplan
  5. Primary Bedroom Main Floor
  6. Solid Surface Counters
  7. Solid Wood Cabinets
  8. Split Bedroom
  9. Stone Counters
  10. Thermostat
  11. Vaulted Ceiling(s)
  12. Walk-In Closet(s)
Legal Description
  1. MOUNT DORA HOUGH PLAT N 98 FT OF S 196.05 FT OF W 175 FT OF LOT 15 PB 3 PG 41 ORB 5853 PG 418
Levels
  1. One
Living Area
  1. 2543.00
Lot Features
  1. Historic District
  2. City Limits
  3. Near Marina
  4. Near Public Transit
  5. Oversized Lot
  6. Sidewalk
  7. Paved
Area Major
  1. 32757 - Mount Dora
Net Operating Income
  1. 0.00
Occupant Type
  1. Vacant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Other
Parcel Number
  1. 32-19-27-0900-000-01502
Parking Features
  1. Circular Driveway
  2. Driveway
  3. Garage Door Opener
  4. Guest
  5. Off Street
  6. Oversized
Possession
  1. Close Of Escrow
Property Type
  1. Residential
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 19S
Utilities
  1. BB/HS Internet Available
  2. Cable Available
  3. Electricity Connected
  4. Fiber Optics
  5. Natural Gas Connected
  6. Phone Available
  7. Sewer Connected
  8. Underground Utilities
  9. Water Connected
Views
  1. 98
Virtual Tour Url
  1. https://media.devoredesign.com/videos/019cb93f-a95a-705d-9795-335fc8dbea26?v=381
Water Source
  1. Public
Year Built
  1. 1955
Zoning Code
  1. R-1
Liked Listings
Headshot for Associate Michelle Hill
  1. Michelle Hill, ABR,AHWD,PA,PSA,REALTOR ®,SFR
  2. Tropic Shores Realty
  3. Mobile: 352.247.2177
  4. 229.834.4988