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521 MICHIGAN STREET

House Active With Contract
$299,000

BTC: 4.67187500

ETH: 171.24856816

-$61K (2026/05/29)
66 days
2 bds
1 ba
916 sqft

Overview

Under contract-accepting backup offers. NOW OFFERED AT AN INCREDIBLE NEW PRICE OF $299,000! This is your opportunity to own a charming Downtown Mount Dora property situated on a rare DOUBLE LOT with R-2 zoning, offering exceptional flexibility, future potential, and value. Located less than one mile from the historic downtown district and within the golf cart zone, this unique property sits on a spacious 100x130 lot—equivalent to two lots under one ownership. The home features 2 bedrooms plus a versatile bonus room, updated flooring, and an inviting open-concept kitchen that creates a warm and welcoming atmosphere. Whether you're looking for a primary residence, investment opportunity, or property with room to grow, this home offers possibilities that are increasingly difficult to find at this price point. Step outside to enjoy a private fenced backyard complete with a cement RV/camper pad with full hook-up, creating opportunities for guests, multi-generational living, or additional income potential. Additional outdoor amenities include a fire pit, patio and BBQ area, private outdoor shower, public sewer connection at the RV pad, a secondary RV hook-up, and a newly built fully permitted 12x24 storage building. With no HOA, there is plenty of room for your boat, RV, and recreational toys. Conveniently located near Gilbert Park, the public boat ramp, waterfront attractions, restaurants, shopping, festivals, and everything that makes Mount Dora one of Central Florida's most beloved destinations. At just $299,000, properties offering this combination of location, lot size, zoning flexibility, and income-producing potential are becoming increasingly rare. Don't miss this exceptional opportunity to secure a piece of Downtown Mount Dora with room to enjoy today and possibilities for tomorrow. Buyer to verify all zoning and future development opportunities.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1946
Lot:
0.32 Acres
Heating:
Central
Price/sqft:
$326
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$198,000
$141K – $309K
Confidence Low
List vs. estimate
$101K above estimate
List $299,000 · +51.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$326
+43.8% vs. city median $227
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,861
2025
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Gas Water Heater

    • Range

    • Range Hood

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Exterior Features: Outdoor Grill / Outdoor Shower / Storage

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 321927070000003000

    • Zoning: R-2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    • Public

    • Sewer Connected

  • Other financial information

    • Annual tax amount: $3,861

  • Source details

    • MLS ID: O6389508

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Direction Faces: East

    • Living Area: 916

    • Water Source: Public

    • Lot Size Dimensions: 100 x 138

    • Subdivision Name: MOUNT DORA GRANDVIEW TERRACE

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: WATSON REALTY CORP