Located in Downtown Mount Dora’s highly sought-after Historic District, 1148 N Grandview St offers a compelling value-add opportunity on an expansive 0.56-acre, fully fenced triple lot with gated access—walking distance from Mount Dora’s shops, dining, and lakefront.
Built in 1926, the property features three separate structures totaling approximately 2,479 square feet, creating flexibility rarely found in this submarket.
The main residence is a 4-bedroom, 3-bath home with a beautiful front porch and a loft above the primary suite with closets, suitable for use as a fourth bedroom or flex space. The home is move-in ready, with a metal roof on all structures (main house roof due for replacement; ADU and garage roofs replaced in 2007).
The detached 1-bedroom, 1-bath ADU includes its own A/C, kitchen, and full bathroom, making it ideal for rental income, guest use, or multi-generational living. A detached 2-car garage with power provides additional storage or workshop potential.
Set on a rare triple lot with mature mango and avocado trees, this property offers meaningful upside. With a mild renovation, one could unlock substantial value, with nearby Historic District comps approaching the $700K range, presenting a strong margin for investors or owner-occupants seeking to reposition a legacy property.
At the current price, with no HOA and a premier Mount Dora location, this is a rare opportunity to acquire scale, land, and income potential well below replacement and market value.
Do your own due diligence! Cash or private money only. This is an assignment of contract. Price includes assignment fee. Property sold as is with no inspection period, non-refundable earnest money deposit due with signed contract. Buyer to pay all closing costs.
Please call Chuck at 321-914-5546 for access and showing info.