Attention Developers, Investors and Home Builders! Located in the heart of Mount Dora’s Historic District, and 2 blocks from downtown, this one-of-a-kind, large lot offers amazing panoramic water views of the Dora Chain of Lakes. Perched high and dry, the property is on a summit 184 feet above sea level. There is currently a 2-story single-family home on the lot, with a finished basement. The property is zoned R-3, and there is a great opportunity to tear-down the existing building and replace it with a 3 story multi-family dwelling, large single-family home or 2 smaller homes. The current home was built in 1910 and renovated about 45 years ago (new electrical, plumbing and stucco). The lower-level basement has been converted into a bedroom, bathroom and kitchenette. The main floor (ground level) has the kitchen, living room, dining room, bedroom/family room and 1/2 bathroom. The 2nd floor is accessible via a spiral staircase and has a bedroom, full bathroom and reading nook. The home faces southwest for beautiful sunset views from almost every room and has an expansive wrap around balcony and deck. Additionally, there is a large 67×80 foot side yard with lush, mature vegetation (large oak trees, palms). You are conveniently located just steps from all the wonderful festivals, art galleries, shops and cafes in Mount Dora.