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1945 NORMANDY DRIVE
About This Property
This is the price adjustment buyers have been waiting for. Reduced from $479,900 to $449,900, this Pinecrest gem offers the best of both worlds: a premier location directly across from Pinecrest Park and a price point that creates exceptional value in one of Mount Dora's most sought-after neighborhoods. Whether you're drawn to its timeless mid-century modern charm or inspired by the opportunity to make it uniquely your own, the possibilities are endless.
Upon entry, expansive windows flood the living and dining areas with natural light while framing picturesque park views. The dining room flows seamlessly into the kitchen and cozy family room, where a wood-burning fireplace creates the perfect gathering space. Step outside to enjoy your private patio, complete with a stone fountain and fully fenced backyard ideal for entertaining or peaceful evenings at home.
Both the guest and primary bathrooms have been tastefully updated, preserving the home's character while adding modern comfort. Downstairs, the versatile basement expands your living possibilities with a second wood-burning fireplace, wet bar, and half bath-perfect for a game room, media room, home office, or potential in-law suite.
With a 2021 roof already in place and just one mile from historic downtown Mount Dora's shops, restaurants, waterfront parks, and year-round festivals, this home delivers the location you've been waiting for and the value you've been hoping to find.
Opportunities in Pinecrest are rare-especially at this price. Schedule your private showing today and discover why this distinctive home is one of Mount Dora's best values.
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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 |
|---|---|---|---|
| Aug 17, 2026 | Sold | ||
| Sold | |||
| Jul 18, 2026 | In contract | - | |
| In contract | |||
| Jun 12, 2026 | Price Decreased |
$449,000
↓ $31K
(6.4%) | |
| Price Decreased | |||
| May 2, 2026 | Price Decreased |
$479,900
↓ $19K
(3.8%) | |
| Price Decreased | |||
| Apr 17, 2026 | Listed by WATSON REALTY CORP | $499,000 | |
| Listed by WATSON REALTY CORP | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017