347 E 3rd Avenue

MOUNT DORA, FL 32757

About this property

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.

Date Added
January 4, 2021
Listing Status
Active
Days On Site
54
MLS#
O5914450

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
iqweb_
Sub-Type
Resale
Year
1926
Garage
0
Pool
No
Story(s)
Property View
City, Garden, Trees/Woods
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$1,050,000 Active
5,130 SQFT

Presented By Sue E. Amsden

CB Boulevard

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Get in touch today! Phone: (352) 427-5546
License #SL-3355165
Brokerage
CB Boulevard
(352) 732-8350
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Area Information

32757 - Mount Dora | Lake County |

$ 1,050,000
This listing is play_arrow 263.6% higher than the average in the area
$ 288,744 in the area
5,130 SqFt
This listing is play_arrow 112.4% larger than the average in the area
2,415 SqFt in the area
$ 205 $/SqFt
This listing is play_arrow 71.2% more than the average in the area
$ 120 $/SqFt in the area
54 days on site
This listing is play_arrow 22.7% above the average in the area
44 days on site in the area

Schools in the Area

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