Magnolia Inn Bed and Breakfast
Mount Dora, FL
Offered for sale at $1,275,000
MOUNT DORA,"The Festival City" IS A DESTINATION THAT DRAWS VISITORS YEAR-ROUND
Location is one of Magnolia Inn's greatest assets. Mount Dora is a highly regarded Central Florida destination known for its picturesque setting, historic charm, vibrant downtown, and approximately 30 annual festivals and special events.
Visitors enjoy antique shopping, boutique retail, scenic boat tours, kayaking on beautiful Lake Dora, nearby natural springs, and an impressive selection of restaurants, one which just received a Michelin star.
The community's year-round appeal provides an established tourism market and an attractive setting for a hospitality business. Guests can experience the best of Mount Dora without having to travel far from the inn.
A PROPERTY WITH EXCEPTIONAL FLEXIBILITY AND POTENTIAL
Beyond its historic beauty and established reputation, Magnolia Inn offers a combination of accommodation, living arrangements, and additional spaces that create opportunities for a variety of ownership and operating strategies.
MULTIPLE INNKEEPER LIVING ARRANGEMENTS
The property offers a choice of two innkeeper quarters, providing flexibility for an owner-operator, resident innkeeper, or alternative management arrangement.
ADDITIONAL INCOME AND ACCOMMODATION OPPORTUNITIES
The separate first-floor, one-bedroom suite features a full kitchen and private entrance. It can serve as an additional rental unit, an Airbnb-style accommodation or private innkeeper quarters.
ADDITIONAL GUEST ROOM POTENTIAL
Although the inn has seven bedrooms, it holds a bed and breakfast license for six rooms and currently operates with five guest rooms.
ENTERTAINMENT AND FLEXIBLE USE SPACE
A separate entertainment/flex building, equipped with electricity and air conditioning, provides valuable additional space and versatility for a variety of uses.
CONVENIENT ON-SITE PARKING
On-site parking accommodates up to eight vehicles, an especially attractive feature for a downtown hospitality property.
PROPERTY FEATURES AND IMPROVEMENTS
•Historic Mediterranean-inspired architecture, circa 1926.
•Seven bedrooms and eight bathrooms.
•Separate 720-square-foot, one-bedroom suite with full kitchen and private entrance.
•Two potential innkeeper living arrangements.
•Separate 483-square-foot entertainment/flex building with electricity and AC.
•Main house is fully protected by a sprinkler system.
•Basement houses storage area with laundry facilities, linen closets, and auxiliary refrigerator.
APPROXIMATE PROPERTY SQUARE FOOTAGE-under air.
Main House – First Floor 2,344
Main House – Second Floor 1,422
Main House – Third Floor 448
Separate One-Bedroom Suite - 720
Entertainment/Flex Building - 483
Total Under Air - 5,417
Basement - 442
AN OPPORTUNITY TO BUILD UPON AN ESTABLISHED BUSINESS
Magnolia Inn offers more than an attractive historic property. It provides a buyer with an established and growing hospitality operation, a recognized reputation, existing guest accommodations, and the flexibility to shape the business according to their individual vision.
An owner-operator may appreciate the opportunity to combine a residence with a rewarding hospitality business. Alternatively, a buyer interested in a more hands-off approach may explore professional management or staffing arrangements.
The additional suite, potential sixth guest room, flexible living quarters, and separate entertainment space further distinguish this property from traditional bed and breakfast offerings.
Its historic character, established guest following, desirable location, and multiple-use possibilities create an appealing foundation for future ownership.
OWN A PIECE OF MOUNT DORA HISTORY!
Property Details- 7 Guest Rooms
- 8 Guest Room Baths
- Has Owner's Quarters
- Built in 1926
- Last Renovated in 2018
- Opened in 1984
- Building is 5,859 SQFT
- Lot is 0.78 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,275,000
- Occupancy Rate: Unblocked 44% Blocked 59%
- Average Daily Rate: 222.31
- Annual revenue is $200,921
- Terms: Seller financing available.
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