Master on Main
347 E 3RD AVENUE Mount Dora, FL
$ 1,050,000
Property Attributes
  • MLS#O5914450
  • TypeIncome
  • CountyLAKE
  • CityMount Dora
  • AreaMount Dora
  • NeighborhoodMount Dora Tremains
  • Zip32757
  • StyleMulti-Family
  • Year Built1926
  • Taxes11017
  • Price$ 1,050,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage5130
  • Lot Size0.76 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property 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 area’s most beautiful registered historic home or for immediate income in the heart of Mt. Dora’s 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.

Price History
1/4/2021 Listed $7,050,000
1/5/2021 86% - $1,050,000

General Features

Accessibility Accessible Bedroom, Accessible Central Living Area, Accessible Common Area, Accessible Full Bath, Accessible Kitchen Appliances
Additional Rooms Attic, Florida Room, Formal Dining Room Separate, Inside Utility, Interior In-Law Suite
Appliances Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
Carport Spaces 1
Carport Y/N Yes
Community Features Fishing, Park, Playground, Public Boat Ramp, Sidewalk, Water Access, Waterfront
Construction Materials Block, Stucco
Cooling Central Air, Wall/Window Unit(s)
Exterior Features Balcony, French Doors, Irrigation System, Lighting, Rain Gutters, Sidewalk
Flooring Carpet, Laminate, Tile, Wood
Heating Electric, Heat Pump
Interior Features Built in Features, Ceiling Fans(s), Crown Molding, High Ceiling(s), Master Bedroom Downstairs, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar, Window Treatments
MLS Area 32757 - Mount Dora
Other Structures Guest House, Other
Parking Features Driveway, Guest
Patio/Porch Features Front Porch, Patio, Rear Porch
Pets Allowed Yes
Property SubType Multi-Family
Property Type Residential Income
Roof Tile
Security Features Fire Sprinkler System, Smoke Detector(s)
Sewer Public Sewer
Special Listing Conditions None
Status Active
Terms Conventional, VA Loan
Total Num Buildings 3
Total Units 6
Township 19S
Utilities BB/HS Internet Available, Cable Available, Fire Hydrant, Natural Gas Available, Public, Sewer Connected, Sewer Nearby, Street Lights
View City, Garden, Trees/Woods
Water Access Type Lake, Lake - Chain of Lakes
Water Access Y/N Yes
Year Built 1926
Zoning RP

Interior Features

Fireplace Features Gas
Fireplace Y/N Yes
Laundry Features Inside, Other
Living Area 5130.00
Unit Count 1

Exterior Features

Foundation Details Basement
Lot Dimensions 150x220
Lot Features Historic District, In City Limits, Level/Flat, Near Marina, Oversized Lot, Sidewalk, Street Brick
Lot Size Acres 0.76
Lot Size Square Feet 33000
Water Extras Fishing Pier, Skiing Allowed
Water Extras Yn Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32757

AVG $1.05M
AVG $11,017
AVG 193
Year Built
AVG 1926
AVG 61
Data Provided by Walkscore ® not using MLS data