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Active - Triplex for sale
623 LAKE DORA DRIVE, Tavares, FL
Facts & features
Why you’ll love it
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 your tour, and bring your offer!
Listings courtesy of SLOANE REALTY, LLC as distributed by MLS GRID.
Listed by: Matt White • matt@sloanerealtyllc.com • SLOANE REALTY, LLC
Co-listed by: SLOANE REALTY, LLC
Source: Stellar MLS as distributed by MLS GRID, MLS#: O6455160
Based on info available as of Nov 12, 2026 at 1:05 PM EST.
Come see by yourself
Affordability
$1,543/mo
- Mortgage$1,264
- Property tax$279
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$5,000 Credit back
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Travel times
About Tavares Bayview Rep
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Nov 12, 2026 at 01:05pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Make a winning offer, and get up to
$5,000 Credit back
