UNDER CONTRACT

Contingent

$599,995

Est. $3,974/mo —

•

5 ba

•

4,764

sq ft

53 Bluff Lake Rd, Mascotte, FL 34753

About this home

Under contract-accepting backup offers. Investor Alert: Rare 5 Unit Multifamily in Mascotte Florida! this 5-unit property is generating approximately $6,050/month in gross income with leases in place instant cash flow from day one. Each unit features separate electric meters and service panels, minimizing owner expenses and maximizing efficiency. Located just off Hwy 50 near shopping, dining, and the Mascotte Civic Center, with quick access to Clermont and about 40 minutes to Walt Disney World. Extremely limited multifamily inventory in Mascotte don’t miss this high-demand, income-producing asset! Seller replaced the roof and the new septic. THIS PROPERTY CAN BE PURCHASED WITH NO INCOME VERIFICATION.

Multi-familyProperty Type

1979Year Built

0.32 acresLot Size

$126Price/Sq.Ft.

Listed by Danny Dhannu • ELITE INVESTORS REALTY LLC

Contact: 407-992-8330

Listing updated: Aug 26, 2026 at 09:03am

Redfin checked: 2 minutes ago

•Source:Stellar MLS as Distributed by MLS Grid #O6399860

Payment calculator

$3,974 per month

Principal and interest$3,153

Property taxes

$545

HOA dues

Home insurance

$275

Utilities

Add

5 minutes to get started. No credit impact.

Mortgage resources

Open houses

No upcoming open houses.

Nearby open houses (10)

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4 beds3.5 baths3,214 sq ft
10484 Spring Lake Dr, Clermont, FL 34711
OPEN SAT, 11AM TO 1PM
$325,000
3 beds2 baths1,644 sq ft
134 Silver Maple Rd, Groveland, FL 34736
OPEN SAT, 11AM TO 1PM
$350,000
3 beds2 baths1,925 sq ft
306 Alcove Dr, Groveland, FL 34736
OPEN SAT, 12PM TO 3PM
$495,990
3 beds2 baths1,900 sq ft
11118 Nellie Crossing Cir, Clermont, FL 34711
OPEN SAT, 12PM TO 3PM
$540,990
4 beds2.5 baths2,201 sq ft
11193 Nellie Crossing Cir, Clermont, FL 34711
OPEN SAT, 12PM TO 3PM
$599,990
3 beds2.5 baths2,890 sq ft
11161 Nellie Crossing Cir, Clermont, FL 34711
OPEN SAT, 12PM TO 3PM
$610,990
4 beds3.5 baths3,136 sq ft
11034 Nellie Crossing Cir, Clermont, FL 34711
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$400,170
3 beds2.5 baths2,081 sq ft
22181 Pine Grove Loop, Leesburg, FL 34748

Around this home

Schools

K - 12
Preschool & daycare

Groveland Elementary School

Public PreK-5 • Assigned • 2.8mi

2/10

Gray Middle School

Public 6-8 • Assigned • 2.2mi

4/10

South Lake High School

Public 9-12 • Assigned • 4.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Ceiling fans

Bedrooms
10 total bedrooms

Bathrooms
Multiple full bathrooms (unit-level counts provided)

Kitchen
No specific kitchen appliance details provided

Laundry & utility
No on-site laundry features listed

Flooring
No flooring information provided

Heating & cooling
Ductless heating
Wall/window air conditioning units

Sale and tax history for 53 Bluff Lake Rd

Sale History
Tax History

Date

Event

Price

Stellar MLS as Distributed by MLS Grid #O6399860

Jul 8, 2026

Contingent

—

Jul 6, 2026

Relisted

—

Jun 26, 2026

Pending

—

Jun 16, 2026

Price Changed

$599,995

$126/sq ft

May 13, 2026

Price Changed

$674,995

$142/sq ft

Apr 19, 2026

Listed

$699,995

$147/sq ft

Stellar MLS as Distributed by MLS Grid #L4939743

Dec 15, 2023

Sold

$420,000

$88/sq ft

Sep 29, 2023

Pending

—

Sep 20, 2023

Listed

$475,000

$100/sq ft

* * Investor Alert, RARE GEM! * * It's time to quit your day job! This cash cow is fully occupied, renovated, and turn-key ready! Generating an average gross turn-key income of $4,583 per month!! * * That's an annual yield of 11.58%! This property has a 12-month LEASE in place with each tenant and has current property management in place. All YOU have to do is collect a check each month. All of the units have individual meter boxes and individual service panels already in place! Located right off popular Hwy 50, near lots of shopping, restaurants, and the CIVIC Center, AND only about 40 min away from Disney World and even closer to Clermont! Move fast as this ideal investment property will not last long!

Stellar MLS as Distributed by MLS Grid #L4917415

Jul 7, 2021

Sold

$425,000

$89/sq ft

Jun 2, 2021

Pending

—

May 28, 2021

Relisted

—

Oct 7, 2020

Listing Removed

—

Aug 31, 2020

Relisted

—

Aug 25, 2020

Listing Removed

—

Aug 13, 2020

Listed

$399,900

$84/sq ft

* * * INVESTOR ALERT, RARE GEM ALERT * * * It's time to quit your day job! This Cash Cow is fully occupied, renovated, and is turn-key ready. Generating a gross monthly income of $4415 per month. That's a gross annual yield of 12.5% per year. This property has a 12 MONTH LEASE in place with each tenant, and has property management as well. So all you have to do is collect a check every month. All of the units were recently re-wired with 5 brand-new meter cans, and their own indivdual service panels, wow! Located right off of popular Hwy 50, near lot's of shopping, restaurants and entertainment, such as the Civic Center. And It's only around 40 min away from Disney World and even closer to Clermont! Come and see this one asap, as I know this will not last long in todays market!

Public Records

Aug 16, 2016

Sold

$150,000

$31/sq ft

Stellar MLS as Distributed by MLS Grid #S4710194

May 21, 2016

Listing Removed

—

Jun 10, 2014

Listing Removed

—

Apr 16, 2014

Price Changed

Apr 16, 2014

Relisted

—

Apr 16, 2014

Price Changed

Apr 7, 2014

Relisted

—

Mar 29, 2014

Listing Removed

—

Mar 10, 2013

Listed

Public Records

Oct 11, 2004

Sold

$256,500

$54/sq ft

Public Records

Mar 3, 2000

Sold

$158,000

$33/sq ft

Public Records

Mar 21, 1996

Sold

$125,000

$26/sq ft

Public Records

Dec 1, 1990

Sold

$76,600

$16/sq ft

Public Records

Dec 1, 1988

Sold

$76,517

$16/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$6,544 (−16.6%)

$42,000 + $300,308

$342,308

2024

$7,847 (+126.9%)

$42,000 + $299,350

$341,350

2023

$3,458 (−4.3%)

$10,957 + $132,905

$143,862

2022

$3,613 (+12.5%)

$10,957 + $132,905

$143,862

2021

$3,211 (−5.6%)

$10,957 + $103,087

$114,044

2020

$3,404 (−4.8%)

$32,076 + $103,087

$135,163

2019

$3,574 (+0.7%)

$32,076 + $103,087

$135,163

2018

$3,550 (+7.8%)

$32,076 + $103,087

$135,163

2017

$3,292 (−37.8%)

$32,076 + $99,739

$131,815

2016

$5,296 (−17.5%)

$32,076 + $132,173

$164,249

2015

$6,420 (+23.7%)

$53,460 + $162,048

$215,508

2014

$5,191 (−3.2%)

2013

$5,363 (+9.1%)

2012

$4,917

Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.32 Acres

Year renovated

1992

Finished Sq. Ft.

4,764

Unfinished Sq. Ft.

—

Total Sq. Ft.

4,764

Year built

1979

Style

Other

County

Lake County

APN

14-22-24-0002-000-03300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 23, 2026.

PUD-DM

Planned Unit Development Downtown Mixed Use District

This district is primarily intended to provide a location for mixed use developments. PUDs may include a variety of land uses and intensities within a development to encourage walkable communities, discourage sprawl, preserve the environment, and reduce public investment in the provision of services. PUDs also place an importance on flexible and creative site design, public amenities, compatible public facilities, and building aesthetics. The Downtown Mixed Use places a stronger emphasis on commercial development that can be supported by residential components. The applicant of property designated and zoned as PUD-DM must demonstrate that any proposed residential uses, light industrial, or public/semi-public use or facility and their locations within the development are internally compatible with other uses on the property and are compatible with the surrounding area. The phrase compatible with means that the proposed residential, light industrial, or public/semi-public use or facility is not in conflict with other uses within the proposed development and uses of the surrounding area. Compatibility shall not be deemed to exist if the Council affirmatively determines that the proposed residential, light industrial, or public/semi-public use or facility adversely affects the other proposed uses in the development or existing uses in the surrounding area.

Permitted uses

Include but are not limited to:

No uses permitted by right

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

5% chance of being in a wildfire in next 30 years

8/10 Heat Factor

7 days above 108° expected this year, 23 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Mascotte, FL • 34753

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

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Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Redfin Estimate for 53 Bluff Lake Rd

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Details provided by Stellar MLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Mortgage resources

Open houses

Nearby open houses (10)

Around this home

Schools

Lifestyle

Property details

Sale and tax history for 53 Bluff Lake Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 53 Bluff Lake Rd

This home may not be allowing tours right now

Nearby similar homes

New listings for sale in 34753

More real estate resources