1021 E THIRD AVENUE
About This Property
Located within seven blocks of Mount Dora's quaint downtown and nestled on the eastern shore of Lake Dora-part of the Harris Chain of Lakes-this beautifully updated historic property offers both charm and versatility. The main home features two bedrooms, one bath, formal living and dining rooms, a spacious kitchen with a cozy eating area, indoor laundry, and a den that could serve as a third bedroom or office. A welcoming front porch with a classic porch swing and an expansive back deck provide perfect spots to relax and entertain. A brick pathway leads through the lush gardens to a delightful one-bedroom, one-bath cottage complete with kitchenette-ideal for guests, extended family, or rental income. Set on nearly one-third acre and enclosed by a picturesque white picket fence, this property blends vintage Mount Dora character with modern updates and timeless appeal.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Mar 10, 2026 | In contract | - | |
| In contract | |||
| Nov 7, 2025 | Price Decreased |
$485,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Oct 6, 2025 | Listed by WEICHERT REALTORS HALLMARK PRO | $495,000 | |
| Listed by WEICHERT REALTORS HALLMARK PRO | |||
| Jan 25, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017