$359,900

521 MICHIGAN STREET, Mount Dora, FL 32757

2 beds |
1 bath |
916 sqft

Single-Family Home
Built in 1946
0.32acre lot
—— car garage
$393/sqft
Listed 20 hours ago

Property Description

This one-of-a-kind property offers an incredible investment opportunity in highly sought-after Downtown Mount Dora! Situated on a spacious 100 x 130 ft R2-zoned lot, and located less than a mile from the picturesque historic district within the vibrant golf cart zone, this property is full of charm, flexibility, and income potential. Inside, you’ll find two bedrooms plus a versatile bonus room currently used as a dining space—perfect for entertaining. The home has been thoughtfully refreshed with stylish new flooring and an open-concept kitchen that creates a warm, inviting atmosphere. Beyond the privacy fence, there is a cement pad with an rv/camper hook-up offering a truly unique second rental or a family compound experience. This whimsical retreat includes a private fire pit for cozy evenings, a charming outdoor dining patio with BBQ space, and even a refreshing private outdoor shower. The concert pad has is public sewer, and an additional hookup is available for another RV, providing even more flexibility. The property also includes a newly constructed, fully permitted 12x24 storage building adding both functionality and convenience. With no HOA, you’ll enjoy the freedom to park your boat, and you’re just moments from Gilbert Park with a public boat ramp for days cruising through chain of lakes . Plus, you’re only a couple of blocks from the unique shops, dining, and charm that make Mount Dora one of the top towns to visit in the state of Florida. For future development, the R2 zoning offers exciting potential, allowing additional housing options once the lots are separated. Buyer is to do their due diligence.

Listing Status:: Active
Date Added:: March 27, 2026
Data Last Updated:: March 28, 2026 at 12:21AM
Listing Office:: WATSON REALTY CORP : 352-536-6530
Listing Agent:: Beth Stoothoff : 352-455-2778
MLS ID:: O6389508

General: Ceiling Fans(s)
Rooms: Bonus Room
Appliances: Gas Water HeaterRangeRange HoodRefrigerator
Laundry: Laundry Room
Flooring: Luxury Vinyl
A/C: Central Air
Heating: Central

General: Outdoor GrillOutdoor ShowerStorage

Roofing: Shingle
General: BlockOneSlab

Road/Access: Asphalt
Originating MLS: Stellar MLS
County: Lake

Zoning: R-2MOUNT DORA GRANDVIEW TERRACE LOTS 30 31 PB 8 PG 47 ORB 6265 PG 117332-19-27-0700-000-03000

Utilities: Electricity ConnectedPublicSewer Connected
Water: Public
Sewer: Public Sewer

Source: Stellar MLS
Ownership: Fee Simple

This listing courtesy of Beth Stoothoff , WATSON REALTY CORP

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Triangle Elementary School

1707 Eudora Rd, Mount Dora, FL, 32757

Grades PK-5

2.60 miles away

Mount Dora Middle School

1405 Lincoln Ave, Mount Dora, FL, 32757

Grades 6-8

1.23 miles away

Mount Dora High School

700 N Highland St, Mount Dora, FL, 32757

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.