AMVETS WAY
About This Property
2.21± ACRES | 5 PARCELS | 550± FT LAKEFRONT
MOUNT DORA, FLORIDA
Discover a rare opportunity to acquire five contiguous lakefront parcels totaling approximately 2.21 acres with approximately 550 feet of frontage on beautiful Lake Saunders in Mount Dora.
This exceptional offering provides direct lake frontage and endless potential for development or private use. Zoned RP with Future Land Use: Urban High Density – allowing for a variety of residential development options. Five Individual Parcels offer flexibility to build custom homes, multifamily units, or hold for future appreciation and investment opportunity. Direct Lake Saunders Frontage – ideal for waterfront living, recreation, and value enhancement. Enjoy breathtaking views and access to fishing, boating, and watersports. Prime Location just minutes to historic Downtown Mount Dora and Tavares, shopping, dining, and major highways for easy access to Orlando and surrounding areas. Public Utilities Nearby supporting efficient future development. Lake Saunders is known for its scenic beauty and recreational lifestyle, and these parcels represent one of the few remaining opportunities to build along its shoreline. Whether you're an investor, builder, or developer, this offering is a chance to create a high-value residential community or private lakefront retreat.
This is offered as a package for all 5 lots. Each lot is just under .50 acre +/-.
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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 |
|---|---|---|---|
| Dec 29, 2025 | Price Decreased |
$895,000
↓ $80K
(8.2%) | |
| Price Decreased | |||
| Sep 6, 2025 | Listed by DAVE LOWE REALTY, INC. | $975,000 | |
| Listed by DAVE LOWE REALTY, INC. | |||
| Aug 10, 2021 | Sold | ||
| Sold | |||
| Sep 10, 2019 | No longer available | - | |
| No longer available | |||
| May 1, 2019 | Price Decreased |
$119,000
↓ $20K
(14.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017