118 N GRANDVIEW ST Mount Dora, FL 32757
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,543 sqft
Price per Sqft $491
Subdivision Mount Dora Hough
MLS Listing ID G5108730
Bedrooms 5
Full Baths 3
Half Baths 1
HOA Y/N No
Year Built 1955
Annual Tax Amount $9,996
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 98x175
Property Sub-Type Single Family Residence
Source Stellar MLS
New Construction false
Property Description
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 Café 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 property's 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 Florida's 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.
Location
State FL
County Lake
Community Mount Dora Hough
Area 32757 - Mount Dora
Zoning R-1
Rooms
Other Rooms Inside Utility, Interior In-Law Suite w/Private Entry
Interior
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Central
Cooling Central Air, Mini-Split Unit(s)
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Built-In Oven, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater
Laundry Inside
Exterior
Exterior Feature Lighting, Other, Private Yard, Sidewalk
Parking Features Circular Driveway, Driveway, Garage Door Opener, Guest, Off Street, Oversized
Garage Spaces 2.0
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Roof Type Shingle
Porch Front Porch, Patio, Rear Porch
Attached Garage false
Garage true
Private Pool No
Building
Lot Description Historic District, City Limits, Near Marina, Near Public Transit, Oversized Lot, Sidewalk, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,HardiPlank Type,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://media.devoredesign.com/videos/019cb93f-a95a-705d-9795-335fc8dbea26?v=381
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