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Under contract-accepting backup offers. Calling All Investors and Developers! This 0. 93-acre parcel presents a compelling opportunity with valuable frontage on Highway 441 and flexible zoning potential. Currently designated Residential (R-1), the property holds the possibility of future commercial use, enhancing its appeal for long-term growth and strategic planning. A small home is included in the sale; however, the true value lies in the land itself and its position within Mount Dora’s thriving expansion corridor. Fully fenced and free of HOA restrictions, this property gives you room to shape your vision—whether you’re planning ahead for development, seeking a well-located investment, or exploring future redevelopment possibilities. Just minutes from downtown Mount Dora, you’ll enjoy a lively destination filled with year-round festivals, charming restaurants, and unique boutiques. Interstate 429 is easily accessible, giving you streamlined travel to Florida’s east coast beaches, the Orlando business district, and world-renowned attractions. A prime location with space, visibility, and potential—an excellent opportunity to secure a foothold in one of Central Florida’s most dynamic growth areas.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $560,000 | $560,000 | $560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.296% | 6.406% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,268 | $3,448 | $4,539 |
| Total Monthly Payment | $3,360 | $3,540 | $4,631 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.