1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty

118 Grandview Street, MOUNT DORA, FL 32757

Priced at Only: $1,250,000

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  • MLS#: G5108730 ( Residential )
  • Street Address: 118 Grandview Street
  • Viewed: 172
  • Price: $1,250,000
  • Price sqft: $361
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 3460
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 3
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 61
Description
Strategically priced below a recent appraisal, this fully renovated multi unit estate offers a rare opportunity to own a luxury residence with built in income potential in the heart of Mount Dora. Thoughtfully redesigned from top to bottom, the property blends high end finishes, modern functionality, and exceptional flexibilityjust minutes from the charm, dining, and waterfront of downtown. Every aspect of the property has been updated, creating a cohesive, modern feel across all living spaces. The main residence showcases a bright, open concept design with expansive living areas filled with natural light, creating an inviting yet sophisticated atmosphere ideal for both everyday living and entertaining. At the heart of the home is a stunning chef inspired kitchen featuring quartz countertops, custom wood cabinetry, premium Caf appliances, and a spacious center island that seamlessly connects the living and dining areas. The primary suite offers a true retreat experience, complete with a spa style bathroom highlighted by a luxury multi zone smart shower system, delivering a level of comfort and customization rarely found at this price point. Additional bedrooms are generously sized and well appointed, offering flexibility for guests, a home office, or extended living needs, while the secondary bathroom has been beautifully updated with modern, designer finishes. Enhancing the propertys versatility is a fully renovated private in law suite with its own living room, kitchen, bedroom, and full bathroom, providing an ideal setup for multigenerational living or immediate rental income. Further increasing the value, the property also includes a detached garage and a fully renovated accessory dwelling unit (ADU) currently in the final stages of completion by the seller, creating a third independent living space upon completion. This unique configuration allows for multiple income producing opportunities and lifestyle options, including living in the main home while generating rental income from the additional units or maximizing returns through multiple rental streams. Based on current market data, the in law suite presents estimated long term rental potential of approximately $1,400 to $1,900 per month, while the detached ADU is projected to generate approximately $1,500 to $2,200 per month. For short term rental use, average nightly rates in the Mount Dora area range from approximately $175 to $205 with typical occupancy between 40% and 55%, resulting in estimated monthly revenues of approximately $2,200 to $3,500 or more, with top performing properties exceeding $5,000 per month. Situated on a spacious lot, the property features a newly installed driveway, an elegant circular paver drive, and extended parking leading to the detached garage and ADU, offering ample space, privacy, and convenience for residents and guests alike. The combination of a fully renovated main home, in law suite, and nearly completed ADU makes this a truly rare offering in one of Central Floridas most desirable and rapidly growing areas. Whether you are searching for a refined primary residence with built in income potential or a high performing investment property with multiple revenue opportunities, this home delivers on every level. Buyer to verify all rental use, income potential, and compliance with City of Mount Dora regulations. Schedule your private showing today and take advantage of this exceptional opportunity before it is gone.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Other, Private Yard, Sidewalk
  • Flooring: Tile
  • Living Area: 2543.00
  • Other Structures: Other
  • Roof: Shingle
Land Information
  • Lot Features: Historic District, City Limits, Near Marina, Near Public Transit, Oversized Lot, Sidewalk, Paved
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: Circular Driveway, Driveway, Garage Door Opener, Guest, Off Street, Oversized
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Built-In Oven, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
  • Legal Description: MOUNT DORA HOUGH PLAT N 98 FT OF S 196.05 FT OF W 175 FT OF LOT 15 PB 3 PG 41 ORB 5853 PG 418
  • Levels: One
  • Area Major: 32757 - Mount Dora
  • Occupant Type: Vacant
  • Parcel Number: 32-19-27-0900-000-01502
  • Possession: Close Of Escrow
  • Views: 172
  • Zoning Code: R-1

Contact Info

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  1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty
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