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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 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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,650,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.110% | 6.183% |
| Monthly Tax Payment | $1,706 | $1,706 | $1,706 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,808 | $7,914 | $11,139 |
| Total Monthly Payment | $9,639 | $9,745 | $12,970 |
* 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.