94
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347 E 3RD AVENUE
About This Property
Thoughtfully maintained and updated, the property underwent major renovations in 1994, including updated electrical and plumbing systems and new sprinklers throughout. Recent improvements include new A/C units (2020), new roof and awnings (2018), updated basement water line valves and a fully renovated irrigation system (2024). A detailed list of upgrades and repairs is available.
The estate features a porte-cochere and four distinct structures: the main residence, a Carriage House, a 480 sq ft multi-purpose building known as the "Quilt Room," and an 8" x 12"lighted shed. Inside the main home, you'll find six beautifully appointed bedrooms-The Fitzgerald, Hemingway, Gatsby, Lombard, and Charleston, each with recently updated en-suite baths. The Charleston Room offers a private exterior entrance, ideal for Airbnb use. The finished attic "Penthouse" includes a full bath and serves as the sixth bedroom. The Carriage House is a fully self-contained suite complete with a kitchen, living room, bedroom, bathroom, and its own dedicated A/C-perfect for guests, extended family, or rental income. The Quilt Room adds 480 sq ft of heated and cooled flexible space, with prior approval to convert it into an additional bedroom and bathroom. Upon entering the main home, you're welcomed by a grand staircase and stunning original hardwood floors. The main level offers a large living room with an electric fireplace (convertible back to wood-burning), formal dining room with a table for 10, sunroom, and a spacious family room with French doors leading to one of two inviting patios. The kitchen features a dual-fuel commercial range and a breakfast nook currently used as office space. Additional amenities include a 475 sq ft basement for storage and laundry. Located on sought-after 3rd Avenue, this property is just moments from Mount Dora's charming shops, restaurants, and renowned festivals. With convenient access to Orlando, nearby beaches, and major airports, the location is as appealing as the home
itself. This one-of-a-kind estate offers endless possibilities-don't miss the chance to make it yours. Be sure to view the 360-degree Matterport tour.
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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 |
|---|---|---|---|
| May 18, 2026 | Price Decreased |
$1,290,000
↓ $90K
(6.5%) | |
| Price Decreased | |||
| Mar 16, 2026 | Listed by TOWN AND COUNTRY REALTY | $1,380,000 | |
| Listed by TOWN AND COUNTRY REALTY | |||
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Sep 13, 2023 | In contract | - | |
| In contract | |||
| May 17, 2023 | Listed by TOWN AND COUNTRY REALTY | $1,200,000 | |
| Listed by TOWN AND COUNTRY REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017