🏠 One of Mount Dora’s Cheapest Houses – $120K

Built in 1986, this 1,502 sq. ft. single-family home sits on a 6,495 sq. ft. lot in the Highland Park Estates pocket of Mount Dora. The property is configured as a 3 bed / 1.5 bath with pier foundation, shingle roof, and county/RPR data listing steel construction with shingle exterior. The home presents more like an older frame/pier structure with wood/metal exterior components, so construction type should be verified during due diligence.

This is not a standard lipstick flip. It is a full rehab project in a mixed pocket with dirt-road frontage,  surrounded by new construction all around. At $120,000, its priced close to the cheapest SFR in Mount Dora, with most sub-$150K options in the area being manufactured homes, 55+ product, or tear down like properties.

House Assets:

• Pier foundation. Crawlspace access can make plumbing, electrical, and bathroom reconfiguration easier than trenching slab.
• Potential roof savings:  Roof looks to be recently replaced
• Lowest-entry price point. This is one of the cheapest ways to get into Mount Dora project.
• Nearby infill and new construction. Newer builds nearby help long-term area perception, although they should not be used as direct ARV comps.
• No HOA. Flexible for renovation, rental, parking, or resale strategy.

Repairs Needed (Estimated):

• Full interior renovation: kitchen, bathrooms, flooring, drywall, trim, fixtures, and paint.
• HVAC: no central cooling shown, so budget for full central HVAC.
• Subfloor/foundation: inspect for settling, moisture, rot, and structural repair needs.
• Exterior: siding/asbestos-shingle handling, skirting, paint, cleanup, and curb appeal.
• Site/yard: dirt-road frontage and rough surrounding presentation need major cleanup.

🟣 Comparable Sales

1. 724 E 11th Ave | 3/2 | 1,212 SF | $265,000 Closed Apr 2026 ($219/SF). Useful Mount Dora stick-built comp supporting mid-$200K resale for older 3-bedroom product.
2. 1925 Highland Park Blvd | 3/1 | 1,012 SF | $255,000 Closed Jul 2024 ($252/SF). Same-street renovated comp with 2023 roof, updated interior, windows, flooring, kitchen, and finishes. Smaller and only one bath, but highly relevant.
3. 21128 Wolf Branch Rd | 3/2 | 1,044 SF | $275,000 Closed Oct 2025 ($263/SF). Manufactured home on acreage. Not a direct construction comp, but useful as floor support showing updated 3-bedroom housing can reach mid-$200Ks.
4. 911 Pine Ave | 3/2 | 1,259 SF | $305,000 Closed Jun 2025 ($242/SF). Superior newer 2007 home, useful as upper support but not a direct match.
5. 701 Grant Ave | 3/2 | 1,342 SF | $330,000 Closed Jan 2026 ($246/SF). Superior turnkey sale with stronger buyer appeal. Ceiling support, not the target.
6. 2110 Oak Cir / 2618 Brookside Cir / 2475 Karen Dr. Manufactured and 55+ comps ranging roughly $140K-$182K. These are best used as bottom-line value support, not ARV comps.

🟡 ARV & Rental Analysis

The better comps support a higher ARV than a strict manufactured-home floor would suggest. We used mobile home comps to help find the lowest ARV we could justify. Using new construction comps was the alternative.  The same-street sale at 1925 Highland Park Blvd and the 724 E 11th Ave sale both support a finished value in the mid-$200Ks. The higher $300K+ comps are superior homes and should be treated as ceiling indicators, not the target.

Estimated ARV, rental-grade finish: $235,000 to $250,000 +/-

Estimated ARV, full retail renovation: $265,000 to $280,000 +/-

Projected Rent: $1,650 to $1,900/mo +/-