$1,050,000

347 E 3rd Avenue

MOUNT DORA FL, 32757

Description

Must see to appreciate this gorgeous Mediterranean estate with all new electrical, wiring and panels, new A/C systems, new clay tile roof (2018), water heater and so much more. The current owners have modernized, replaced and improved almost every facet, making it truly move-in ready. Exceptional opportunity to live in the areas most beautiful registered historic home or for immediate income in the heart of Mt. Doras business district, rich with Old World charm, eclectic shops, restaurants, festivals, boating, nature trails as well as an easy commute to Orlando, theme parks and beaches. Situated on over three-quarters of an acre of paradise with lush tropical gardens, fountains and patios enclosed by a brick privacy wall just off the beaten path, the estate includes 3 structures: the main house, Carriage House, as well as a separate studio. Operating as The Magnolia Inn since 1994, the romantic yet unpretentious design of the home offers a true blending of past and present with bright, open living spaces combined with traditional grace and beauty, equipped with hardwood floors, crown molding, ceiling fans and authentic period-specific furnishings. Truly a turnkey business opportunity to own and profit from one of the Southeast United States highly acclaimed, award-winning B&Bs. The main house features 5 guest suites and an innkeeper's suite with private en-suite baths. Family or guests may enjoy comfortable living areas, a game room, large dining room, spacious kitchen, ample counters, gourmet prep sink and eat-in nook area, used as an office area. Also, adjacent is an additional dining area, sun porch and French doors opening to the beautiful peaceful grounds, gardens and patios situated on over three-quarters of an acre of paradise. The Carriage House provides a totally separate 7th suite with a full kitchen, living room, large bedroom, full bath and a utility room equipped with a washer and dryer. Perfect as an in-law suite to rent or as a personal residence. In addition, the property also offers a third structure under air that affords another location on the premises for a studio, office, game room or multi-purpose bonus area. This estate provides a great opportunity to enjoy as a private home or as a complete turnkey business with immediate cash flow and guest bookings. Whether you choose to live here, live here and receive immediate cash flow or operate strictly as a profitable award-winning bed and breakfast, The Magnolia Inn affords a fabulous opportunity to own a large piece of paradise in prime downtown Mt. Dora that is truly move-in ready. Call to schedule a time to see for yourself.

Details

MLS#O5914450
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1926
Days On Site52

Features

SQ Feet5,130
Units6
Golf CourseN
Property ViewCity, Garden, Trees/Woods
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Area Information
StateFL
CountyLake
CityMOUNT DORA
Zip Code32757
Area32757 - Mount Dora
Listing VS Median (in 32757)
Price:
$1,050,000
low | high
Med:
$286,000
100% of Average
SqFt:
5,130
low | high
Med:
1,609
100% of Average
$ / SqFt:
$205
low | high
Med:
$178
63.156352659149% of Average
On Site:
52
low | high
Med:
86
60.46511627907% of Average
Listing Updated: January 24, 2021 3:26:17 AM PST
Michael Domi LogoMLS Number: O5914450
Listing Provided By:
Michael Domi  of  PREMIER SOTHEBYS INTL REALTY

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