351 GROVELAND ROAD
About This Property
At the heart of the home, the expansive kitchen showcases granite countertops, rich wood cabinetry, stainless steel appliances, a gas cooktop, wall oven, breakfast bar seating, and abundant storage, all flowing seamlessly into the open living and dining areas - perfect for both entertaining and everyday living.
Freshly painted inside and out, this home also features new Bahama shutters, updated landscaping, and stylish exterior light fixtures that enhance its curb appeal. A rare bonus, the basement offers endless possibilities and could easily serve as an art studio, wine cellar, theater room, additional storage space, or creative retreat.
Designed for true Florida living, the spacious screened lanai features stunning vaulted wood ceilings, relaxing lounge space, and peaceful views overlooking Lake Franklin, creating a private retreat where every day feels like a getaway.
Additional updates include a Rheem 15 SEER HVAC system installed in 2024, roof installed February 2017, and kitchen appliances including a gas cooktop, double oven, garage refrigerator (2018), and a new kitchen refrigerator installed in 2025. Home furnishings are negotiable.
Located in the heart of Mount Dora, Florida's beloved "Festival City", you'll enjoy charming downtown streets, waterfront dining, year-round festivals, boutique shopping, and the unmatched lifestyle that makes so many people dream of calling this community home. Opportunities like this don't come along often... schedule your private showing today and experience the magic of Mount Dora living for yourself.
Buyer and buyer's agent to verify all measurements and dimensions.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017