7743 Lake Ola DRIVE, Mount Dora, FL, 32757 | $774,000

Welcome to this stunning 1987-built home with incredible potential, nestled on almost 2 acres of picturesque land in the charming town of Mount Dora, FL. Located just minutes from the pristine Harris Chain of Lakes, this property offers the perfect blend of tranquility, convenience, and opportunity. with access from Lake Ola Drive or a back gated Entrance off Earlwood Ave.

Main House: This spacious and well-maintained home boasts timeless character and a functional layout that suits any lifestyle. With multiple living areas, this house is perfect for both everyday living and entertaining. Featuring a generous kitchen with ample counter space, cozy living room with a wood burning fireplace, 3 bedrooms, and 2 bathrooms, Florida Room with large Windows that flood the room with natural light, the home provides plenty of room for family, guests, or even a home office.

Attached Airbnb or Mother In-Law Suite: A unique feature of this property is the attached Airbnb or In-Law Suite, which offers an excellent opportunity for rental income or extended family living. This private and charming space comes complete with its own entrance, a well-appointed living area, a kitchen, laundry room, 1 Bedroom and a full bathroom. Whether you're looking to generate rental income, provide a comfortable space for visiting guests, or create a long-term rental, this Airbnb is the perfect addition.

Outdoor Oasis: Step outside and immerse yourself in 1. 59 acres of lush, which includes landscape lighting throughout property and well-kept land. The expansive yard offers endless possibilities, from gardening and outdoor recreation to creating a private retreat. Enjoy beautiful Florida sunsets, and take in the serene surroundings in your own peaceful oasis. The land also provides ample space for future expansion or a pool, making it a true blank canvas for your dreams. For those with hobbies, craftsmanship, or small business needs, the 20x20 workshop is an incredible bonus. This fully equipped space offers ample room for storage, tools, and creative projects. Whether you're an artist, woodworker, mechanic, or simply need a place to store all of your toys, this workshop provides the flexibility to suit a variety of purposes. With electricity, sturdy shelving, and abundant natural light from windows, it's an ideal setting for your next DIY project, a home-based business, or a place to unwind and create.

Location: Conveniently located near the renowned Harris Chain of Lakes, outdoor enthusiasts will love the access to boating, fishing, and water sports just minutes away. Mount Dora, known for its historic charm, delightful shops, and vibrant dining scene, is right at your doorstep. With easy access to major highways, you're only a short drive from downtown Orlando and other attractions.
Whether you’re looking for a home to make your own, a lucrative investment property, or both, this property offers the best of all worlds.

Schedule your private showing today and seize the opportunity to own this unique home near one of Florida's most scenic lakes!

Primary Bedroom Curtains DO NOT CONVEY.

Features

  • Rooms: 5
  • Bedrooms: 4
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1987
  • Garage: 2-car Driveway, Garage Door Opener, Garage Faces Side
  • Heating: Electric
  • Cooling: Central Air, Humidity Control
  • Approx Sq. Feet: 3,697
  • Acreage: 1.59
  • Est. Taxes: $4,351
  • View: Trees/Woods
  • Appliances: Convection Oven, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • MLS#: G5090791
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/G5090791/7743lakeoladrive_mountdora_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/11/2025 11:17:08 PM)
Listing courtesy of WHEATLEY REALTY GROUP   Phone: 352-227-3834

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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7743 Lake Ola DRIVE, Mount Dora, FL, 32757

$774,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $619,200 $619,200 $619,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 7.250% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.330% 7.386% 6.623%
Monthly Tax Payment $363 $363 $363
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,120 $4,224 $5,351
Total Monthly Payment $4,575 $4,679 $5,806

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.