MOUNT DORA BUZZ - Real Estate Buzz

CONSTRUCTION APPROACHES ON NEW ROUND LAKE ROAD DEVELOPMENT

9/1/2020

Change is coming. Residential growth in the rural eastern side of Mount Dora has long been expected. It’s now come to fruition with Timberwalk, the 376-home development on Round Lake Road, expected to begin construction soon and adding to the traffic congestion during neighboring Round Lake Charter School’s student drop-off and pick-up times.

The area’s newest neighborhood, approved last year, will be built next to the elementary school and will sprawl over 170 acres with single-family homes featuring a minimum of 1,300 square feet. Although the project didn’t require a zoning change, it will transform that area of Round Lake Road which currently is predominantly open pastures on low rolling hills. The net density of the development is 2.4 homes per acre.

RELATED: New Mount Dora 17-acre development on Donnelly Street approved

The style of the homes and white perimeter fencing will be similar to Sullivan Ranch, another residential development on Round Lake Road, according to developers at the time of the project’s approval.

Although only 46 acres of open space are required, the developer of TImberwalk set aside 70 acres of open space that includes 3.69 acres of wetlands. Among the amenities are a pool, walking trails, a multi-use ball field, as well as community RV and boat storage.

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CONSTRUCTION STARTS ON NEW DOWNTOWN EUSTIS APARTMENT BUILDING

5/22/2020

Prime commercial land in downtown Eustis will begin transforming into a five-story apartment building. The 21,000 square foot Grove Park Tower, will feature twenty units that are all one-bedroom and one-and-one-half bath with in-suite laundry and covered parking. The building will be located at the northwest corner of Dewey Street and Magnolia Avenue across from the library in the heart of downtown.

The property, formerly owned by Lake Community Foundation/Lake Eustis Properties was purchased by North Central Place LLC whose principal is Daniel DiVenanzo, an experienced Eustis developer and landlord. DiVenanzo also owns the Renaissance Building in downtown Mount Dora.

The $1.9 million project is scheduled to be completed in early 2021 and is expected to generate new tax revenue for Eustis. According to the City of Eustis, the project is consistent with its Downtown Plan, Redevelopment Plan, and Land Development Guidelines for the City.

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NEW DEVELOPMENT ON DONNELLY HAS FINAL PUBLIC HEARING ON MAY 5

5/5/2020

Mount Dora’s newest proposed development, Donnelly Woods, is a combination of apartments and professional office space. The final public hearing is set for Tuesday, May 5 at the Mount Dora Community Building at 5:30 p.m. The entrance is on 6th Avenue.

The development would encompass two adjoining parcels on the east side of Donnelly Street and the north side of Limit Avenue. The parcels total just under 17 acres and 2.22 of those acres are wetlands, which would be left undisturbed.
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PROPOSED BIKE TRAIL COULD BOOST REAL ESTATE IN LAKE COUNTY

2/1/2020

It’s always one of the hottest local topics in Mount Dora and Tavares -- the Tav-Dora trail, a bike trail that would connect the two communities to each other and to Florida’s Coast-to-Coast Trail. Recently, the railroad was sold, so it’s an opportune time for Mount Dora Buzz to provide an update with current information from the trail’s long-time advocate and spearhead, Tavares City Administrator, John Drury. Read more

Local Real Estate Guide

DOWNTOWN MOUNT DORA BUILDING IS SOLD AND SIGNS NEW TENANT

1/1/2020

ABOVE: The building is located near the middle of the block near Piglet's Pantry

Located on the most prime block of downtown Mount Dora, the old 1920 bank building housed the same tenant since 1996. That’s the year Cindy and Clay Oliver purchased the historic building located at 404 N. Donnelly Street and opened Oliver’s Twist Antiques, a two-level store filled with vintage treasures.

After two decades of rarities and oddities, the Olivers decided to scale back their business by closing the brick-and-mortar store to focus on the estate-sale side of their business, Oliver’s Twist Estate Sales. On December 2, they sold the approximately 3,500 square-foot building to Donnelly 404, LLC, for $1,300,000. The property will be managed by CFL Property Group (CFL) which manages several fully-leased commercial buildings downtown. Read more

Local Real Estate Guide

PROPOSED NEW MOUNT DORA RESIDENTIAL DEVELOPMENT SET FOR DEC. 3 HEARING

12/2/2019

UPDATE 12/17/2019: The development passed at its final public hearing on December 17 with a 5-2 vote by Mount Dora City Council.
UPDATE 12/3/2019: Mount Dora City Council passed the rezoning application at the December 3 public hearing with the inclusion of the caveats added by the city's Planning and Zoning Board. A required second public meeting will be held at an upcoming city council meeting.

It’s the only tract of land of its kind within Mount Dora’s city limits. On Tuesday evening, December 3 (see updates above), Mount Dora City Council will hold a public hearing for rezoning of a proposed new development titled “Cottages on 11th," which would have a maximum of 27 luxury, single-family homes.

The hilltop 10.9-acre property with a view of Lake Dora is between 11th Avenue and Old U.S. Highway 441 near Helen Street, just west of downtown. The land can be identified by its old orange groves perched on the hill a short distance past the van Gogh House. Read more

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OLD POST OFFICE PROPERTY IS NO LONGER OPTION FOR DOWNTOWN PARKING GARAGE

6/19/2019

One of the most talked about properties to help solve downtown Mount Dora’s chronic parking woes is now off the table. The Mount Dora Post Office property went under contract on June 5 and is expected to close in August.
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DOWNTOWN MOUNT DORA BUILDING QUICKLY GOES UNDER CONTRACT

4/17/2019

Well, it didn’t take long. In fact, it only took four days for eager buyers to snatch up the perfectly located building and parking lot located at 334 N. Donnelly Street in downtown Mount Dora. The asking price was $2.5 million.

RELATED: Downtown Mount Dora Building Goes up for Sale

The buyers, Michael Ross and Peter Burgess, are not new to Mount Dora real estate. Read more

Local Real Estate Guide

NEW RETAIL CONCEPT TO COME TO DOWNTOWN moUNT dORA

3/26/2019

ABOVE: The new home of Mount Dora Marketplace (Mount Dora Buzz file photo)

It’s been a pipe dream in Mount Dora for years. This summer it will become a reality.

One of downtown’s historic buildings will soon transform into Mount Dora Marketplace, a carefully curated community market. The vacant 4,500 square-foot building, formerly home to Eduardo’s bar and restaurant, will feature a blend of independent businesses in its ground floor. The focus will be on fresh food specialties and select complementary businesses. The intimate spaces will serve as an incubator for small entrepreneurs that seek a presence in Mount Dora, but not the hefty rents that often accompany such a premium location. Plenty of indoor and outdoor seating is planned for customers to enjoy their tasty selections. Read more

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NEW DEVELOPMENT APPROVED FOR ROUND LAKE ROAD

3/1/2019

Change is coming. Residential growth in the rural eastern side of Mount Dora has long been expected. It’s now come to fruition with Timberwalk, the recently-approved, 376 home development on Round Lake Road. The style of the homes and white perimeter fencing will be similar to Sullivan Ranch, another residential development on Round Lake Road. Read more

Local Real Estate Guide