623 LAKE DORA DRIVE
Tavares, FL 32778
$250,000
Triplex with PRIME LOCATION, RENTAL UPSIDE & REDEVELOPMENT POTENTIAL! Across the street from Lake Dora and close to downtown Tavares, this triplex offers an opportunity to renovate for rental income or explore a new vision for approximately 0.69 acre near waterfront dining, shopping, Wooton Park, and the Tavares Seaplane Base & Marina.
The Mixed Use future land use designation provides a potential maximum residential density of 25 units per acre, with potential for boutique hotel development under Mixed Use zoning. All proposed uses, allowable density, and development feasibility must be verified with City of Tavares Planning and Zoning and are subject to site conditions and required approvals. A 2022 environmental exhibit identifies approximately 0.55 acre of uplands and 0.14 acre of wetlands.
The existing triplex has one unit currently rented at $950 per month and two vacant units requiring renovation and repairs, including foundation repairs, before leasing. Seller-estimated market rent after repairs is $1,150 per unit, offering potential stabilized gross rental income of $3,450 per month. Public water and sewer, three water meters, and three electric meters add to the property's appeal.
Known foundation settlement. Foundation repair proposals and a prior neutral evaluation are available for review. The 2014 evaluation concluded no active sinkhole activity. Buyers should review the complete report and obtain an independent assessment of current conditions and necessary repairs.
Bring your contractor, explore the land, and experience the location in person. Request the available reports and repair proposals, schedule ...
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Listing Courtesy of: SLOANE REALTY, LLC
407-829-2418
| Listing Id: | O6455160 |
|---|---|
| List Price: | $250,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 3 |
| Bathrooms Full: | 3 |
| Living Area: | 2,106 |
| Tax Annual Amount: | $3,348 |
| Lot Size Square Feet: | 30,000 |
| Lot Size Acres: | 0.69 |
| Waterfront?: | No |
| City: | Tavares |
| County Or Parish: | Lake |
| Subdivision Name: | Tavares Bayview Rep |
| Postal Code: | 32778 |
| Year Built: | 1955 |
| Additional Parcels?: | No |
| Bathrooms Total Integer: | 3 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Foundation Details: | Slab, Stem Wall |
| Construction Materials: | Brick, Frame |
| Cooling: | Central Air |
| Directions: | FL-429 S to FL-46 W in Lake County. Take the FL-46 W exit from FL-453 Continue on FL-46 W. Take Lakeshore Dr to Lake Dora Dr in Tavares |
| Exterior Features: | Private Entrance, Private Mailbox, Sidewalk |
| Garage?: | No |
| Heating: | Central, Electric |
| Interior Features: | Primary Bedroom Main Floor |
| Laundry Features: | Other |
| Listing Contract Date: | 2026-11-04 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.69 |
| Lot Size Dimensions: | 150x200 |
| Postal Code Plus4: | 3335 |
| MLS Area Major: | 32778 - Tavares / Deer Island |
| MLS Area Major: | 32778 - Tavares / Deer Island |
| Original List Price: | $250,000 |
| Other Equipment: | Private Entrance |
| Parcel Number: | 28-19-26-1600-000-00009 |
| Township: | 19S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Other |
| Tax Year: | 2025 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | No |
| Total Actual Rent: | $950 |
| Utilities: | Public |
| Water Source: | Public |
| Public Survey Range: | 26E |
| Public Survey Section: | 28 |
| Zoning: | MU |
| Alternate Key Folio Num: | 261928160000000009 |
| Annual Net Income: | 11400.00 |
| Calculated List Price By Calcula: | 118.71 |
| Cddyn: | No |
| Flood Zone Code: | A* |
| Flood Zone Date: | 2012-12-18 |
| Flood Zone Panel: | 12069C0361E |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 195.65 |
| Lot Size Square Meters: | 2787 |
| Sdeo yn: | No |
| Total Acreage: | 1/2 to less than 1 |
| Total Num Buildings: | 1 |
| Unit Count: | 3 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | Yes |
| Association 2 Yn: | 0 |
| Attribution Contact: | 407-829-2418 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Fireplace?: | No |
| Pool Private?: | No |
| New Construction?: | No |
| New Construction?: | No |
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Property Last Updated: November 06, 2026 02:48 AM - ET
