521 MICHIGAN STREET at

521 MICHIGAN STREET

For sale Days on market 161

$369,900

$404/sq ft

$110,100
Price Decreased

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Overview

Bedroom

Bath

Year Built

1946

Sqft

916

Property Type

Single Family Residence

Property Description

***SELLER will credit up to $5,000.00 in closing costs at closing with Sellers preferred lender!!***LOT SIZE 100X130! This unique property also has two short term rentals! Great investment opportunity and in Highly sought after Downtown Mount Dora! Discover a truly unique opportunity with this charming property! Nestled on a sprawling 100 x 130-foot lot, this R2-zoned gem is located less than a mile to the picturesque historic downtown Mount Dora, right in the vibrant golf cart district. Currently, it boasts two delightful vacation rentals that capture the essence of relaxation and creativity. The first rental is an enchanting, artsy cottage, constructed with sturdy block and exuding a warm, inviting atmosphere. Inside, you’ll find two bedrooms and a lovely bonus room that currently serves as a dining area, perfect for sharing meals and memories. Recently updated, this cottage features stylish new flooring that complements its welcoming vibe, along with an open kitchen that beckons joyful gatherings. Step outside, and through a complete privacy fence, you’ll encounter a vintage camper on its own cement pad—an adventurous second vacation rental! This whimsical dwelling comes complete with its own fire pit, ideal for cozy evenings under the stars, as well as a delightful dining patio where you can grill your own BBQ meals. Don’t miss the unique "private outdoor shower," offering a refreshing escape after a day of outdoor fun. To add to the convenience, this camper is connected to its own public sewer line, and there's an additional hookup available for another RV—perfect for welcoming friends and family! A newly constructed storage building, measuring 12x24 feet, stands proudly on the property, fully permitted and ready to serve your storage needs. (approx cost 20k 2025) With no HOA constraints, you have the freedom to park your boat, and just a stone's throw away is the beautiful Gilbert Park—your launching point for exciting water adventures. Plus, you’ll love the convenience of being a couple of blocks from all the charming downtown shops and delightful restaurants that make Mount Dora special. For future investment, the R2 zoning should allow a duplex or a fourplex after lots are separated! Or your dream home right in the perfect location!! (was formerly two lots 30 & 31, buyer or buyers agent to verify with the city)

Property Details

MLS#

O6339259

Address

521 MICHIGAN

City

Mount Dora

State/county

Zip/Postal Code

32757

Area

Mount Dora Grandview Terrace

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,807

Maint Fee

$--

Tax Year

2024

Gas Water Heater

Range

Range Hood

Refrigerator

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