347 E 3RD AVENUE Mount Dora, FL
$ 1,250,000
Property Attributes
  • MLS#G5042794
  • TypePending
  • CountyLAKE
  • CityMount Dora
  • AreaMount Dora
  • Zip32757
  • StyleBusiness
  • Year Built1926
  • Taxes$ 10795
  • Price$ 1,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3918
  • Lot Size0.76 Acres
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

This is one very special HISTORICAL Bed & Breakfast located in downtown Mount Dora on Third Avenue, just east of the main street known as Donnelly. It is only a couple of blocks to all of the local fabulous local restaurants, quaint shoppes and the many festivals for which Mount Dora is known. Plus, Mount Dora is an easy commute to all areas of Central Florida, our theme parks, and both coasts and their beaches. This 1926 original L. R. Heim home was completely upgraded in 1978 and then again in 1994 when it first opened as the Magnolia Inn Bed & Breakfast. The campus is comprised of 3 buildings: the Main House, the Carriage House which is now a guest cottage, and a separate studio which is often used for weddings, parties and social gatherings. The Main House has expansive formal living and dining rooms on the first floor, as well as a Florida room, grand foyer, a very spacious kitchen with tons of counter space, a game room and the master complex, or the Innkeeper's Suite. The second floor has 4 bedrooms, each with a private en-suite bath. The third floor has a bedroom and private bath as well. The house is built on one of the few basements located within Mount Dora. The Carriage House has a great room combined with the kitchen and a separate bedroom and bath. The 6 guest rooms, all with private baths, have enjoyed great occupancy in recent years, is Award Winning and is known as one of Florida's finest Inns. French doors off of the Florida room open up to beautiful serene gardens and patios. The Inn has many extras including ceiling fans throughout, crown molding, hardwood floors and fireplaces located in the formal living area and the master complex. Plus, many upgrades have been added by the present owners including a new 3 ton AC unit for the back of the house in 2016, new tile roof and awnings in 2018, new electrical wiring throughout in 2020 and the painting of the buildings in 2021. New appliances were added in 2020 including a new 50 gallon hot water tank, new refrigerator, stove, washer and dryer, and microwave. Many built-in bookshelves and cabinets are also part of this fabulous home. There is nearly an acre of land filled with beautiful plants, trees and shrubs and all is surrounded by a concrete wall. This is one property that truly could provide immediate cash flow, as well as a place to live, or to simply operate as a profitable Award Winning Bed & Breakfast. Call today to schedule your private showing.

Price History
6/3/2021 Listed $1,250,000

General Features

Additional Parcels Y/N No
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Building Area Units Square Feet
Building Features Bathrooms, Elevator – None, Furnished
Community Features Sidewalks
Complex Development Name Mount Dora Tremains
Construction Materials Block, Brick, Stucco
Cooling Central Air, Zoned
County Lake
Days on Market 157
Directions Highway 441 to Mount Dora to south on Donnelly St, left on Third, house is on the left.
Disclosures Lead Paint, Seller Property Disclosure
Flooring Carpet, Hardwood, Epoxy, Forestry Stewardship Certified, Laminate, Other, Tile
Future Land Use RP
Heating Central, Heat Pump
Levels Three Or More
Lot Size Square Feet 33000
MLS Area 32757 - Mount Dora
New Construction No
Occupant Type Owner
Other Structures Other
Ownership Corporation
Pets Allowed Yes
Property SubType Business
Property Type Commercial Sale
Roof Tile
Security Features Fire Sprinkler System, Smoke Detector(s)
Sewer Public Sewer
Standard Status Pending
Status Pending
Street Name 3RD
Tax Annual Amount 10795
Tax Lot 10
Tax Year 2020
Terms Cash, Conventional, Other
Total Number of Buildings 3
Township 19
Utilities BB/HS Internet Capable, Electricity Available, Phone Available, Public
Virtual Tour
Virtual Tour
Water Access YN No
Year Built 1926
Zoning RP

Interior Features

Ceiling Type Plaster
Flood Zone Code Zone X
Living Area 3918
Living Area Units Square Feet
Livingareasource Owner
Street Suffix AVENUE
Total Stories 4

Exterior Features

Building Area Total 5130
Foundation Details Basement
Lot Dimensions 220x150
Lot Features Central Business District, Historic District, City Limits
Lot Size Acres 0.76
Parking Features Parking Spaces - 6 to 12
Road Frontage Type Business District, City Street
Road Responsibility Public Maintained Road
Road Surface Type Concrete, Paved
Vegetation Mature Landscaping, Trees/Landscaped
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No


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

Property vs Pending Average in 32757

AVG $420K
AVG $3,528
AVG 108
Year Built
AVG 2002

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.