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407 FOREST ROAD
About This Property
407 Forest Road isn't just a home - it's a lifestyle upgrade in one of Central Florida's most charming towns.
The standout feature: a PRIVATE BONUS SUITE with its own independent entrance and double glass French doors - perfect as an in-law suite, income-producing guest retreat, or home office completely separate from the main living space. Whether you're housing family, hosting snowbird guests, or generating Airbnb income, this flexibility is rare at any price.
The main home delivers a complete, high-end renovation - no shortcuts. Luxury laminate flooring throughout, a stone wood-burning fireplace, and a fully updated kitchen with quartz countertops, quartz island, Samsung stainless steel appliances, and soft-close cabinetry. The pass-through window above the kitchen sink opens directly to the covered patio - seamless indoor-outdoor living at its best.
The primary suite is a private retreat: spa-inspired bathroom with matte black fixtures, oversized walk-in shower with wood-look tile, and direct access to a private outdoor deck and the pool.
Out back - a six-foot-deep saltwater pool, covered paver patio, storage shed, and a brand-new pump and salt system. The circular driveway offers generous open parking with a beautifully landscaped approach beneath mature oaks.
Major systems all updated: new AC/HVAC, new windows throughout, 2023 water heater, and a 2017 roof.
And the location? Steps from Lake Gertrude, minutes from the Harris Chain of Lakes, and a short drive to the cobblestone streets and festivals of historic downtown Mount Dora - where life genuinely moves at a better pace.
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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 |
|---|---|---|---|
| Jul 28, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Price Decreased |
$599,900
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$610,000
↓ $15K
(2.4%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by NETWORTH REALTY OF ORLANDO, LLC | $625,000 | |
| Listed by NETWORTH REALTY OF ORLANDO, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017