Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Chesterhill Estates Title is generated by Realmo AI

    7041 NORNE LANE, Mount Dora, FL 32757

    View on Map
    Claim this Listing
    For Sale
    $235,000

    Land - MOUNT DORA, FL

    Lot size:
    1.01 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    88
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for 7041 NORNE LANE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    P-D
    Pets allowed
    Yes
    Standard status
    Active
    APN
    05-20-27-1300-00-050
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1974
    Expense value
    10.420000076294
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Schroth, PA

    Listing agent Todd Schroth, PA License #697048

    Listing office EXP REALTY LLC 940 Centre Cir #1010, Jacksonville, FL

    Listing date Feb 19, 2026

    MLS# O6383592 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premium 1.01 acre homesite in the desirable Chesterhill Estates community.
    • Breathtaking, unobstructed sunset views from the future front porch.
    • Opportunity to design and build a custom luxury residence.
    • Located in Mount Dora, offering historic charm and everyday convenience, with easy access to Orlando via the Wekiva Parkway.
    • Exclusive homesite requiring construction with designated builder, Beck Custom Homes LLC, known for superior craftsmanship.
    • Thoughtfully designed floor plans available from Beck Custom Homes to complement the unique parcel.

    Overview

    Located in Mount Dora, Florida, the 1.01-acre homesite at 7041 Norne Ln is situated within the Chesterhill Estates community. This property offers an ideal setting for constructing a custom luxury residence with unobstructed sunset views. Mount Dora provides a blend of historic charm and convenience, offering a small-town atmosphere with proximity to Orlando via the Wekiva Parkway. Construction on this homesite must be completed in partnership with Beck Custom Homes LLC, known for superior craftsmanship and client-focused approach, with curated floor plans designed to complement this unique parcel. This homesite allows for the creation of a customized luxury home in one of Mount Dora’s coveted communities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.630726
    Latitude
    28.77521

    Nearby Similar for Sale

    • $299,000
      1,482 SF

      Adaptable Commercial Space in Mount Dora

      Versatile commercial property with flexible zoning and recent updates.
      4709 N HIGHWAY 19A, MOUNT DORA, FL 32757
      View Details
    • $2,100,000
      7,159 SF

      Veterinary Hospital Investment Opportunity

      Corporate-backed veterinary hospital with long-term NNN lease in place.
      3300 N HIGHWAY 19A, MOUNT DORA, FL 32757
      View Details
    • $395,000
      2,110 SF

      Mount Dora Commercial Building For Sale

      Commercial building in Mount Dora, Florida, with existing tenant.
      4075 N HIGHWAY 19A, MOUNT DORA, FL 32757
      View Details
    • $339,000

      Vacant Lot Near Downtown

      Vacant land near downtown Mount Dora, Florida.
      0 S CLAYTON STREET, MOUNT DORA, FL 32757
      View Details
    • $459,000
      1,616 SF

      Modern Duplex Near Historic Mount

      Meticulously maintained duplex near downtown Mount Dora. Turnkey investment opportunity.
      196 PARROTTE COURT, MOUNT DORA, FL 32757
      View Details
    • $700,000

      Highway Frontage Land in Mount Dora

      0.93-acre parcel with highway frontage and flexible zoning potential.
      2009 ROBIE AVENUE, MOUNT DORA, FL 32757
      View Details
    • $339,000

      Vacant Lot Near Downtown

      Vacant land near downtown Mount Dora, potential lake view.
      S Clayton Street, Mount Dora, FL 32757
      View Details
    • $350,000

      Residential Land in Foothills Preserve

      3.4-acre estate lot with amenities near Mount Dora, Florida.
      5936 STONEYBROOK HILLS PARKWAY, MOUNT DORA, FL 32757
      View Details
    • $1,500,000

      Mount Dora Vacant Land

      Vacant land in Mount Dora, close to US HWY 441.
      CODDING PLACE, MOUNT DORA, FL 32757
      View Details
    • $3,250,000

      Prime Land in Mount Dora

      8+ acre mixed-use parcel near historic downtown Mount Dora.
      610 S HIGHLAND STREET, MOUNT DORA, FL 32757
      View Details
    • $600,000

      Expansive Gated Community Estate Parcel

      17+ acre estate parcel in amenity-rich Mount Dora community.
      5937 STONEYBROOK HILLS PARKWAY, MOUNT DORA, FL 32757
      View Details
    • $895,000

      Waterfront Land on Lake Saunders

      2.2 acres with 500+ feet of lake frontage.
      AMVETS WAY, MOUNT DORA, FL 32757
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premium 1.01 acre homesite in Mount Dora, Florida.
    Where is this residential land & home lot located?
    The property is located at 7041 NORNE LANE Mount Dora, FL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Premium 1.01 acre homesite in the desirable Chesterhill Estates community.; Breathtaking, unobstructed sunset views from the future front porch.; Opportunity to design and build a custom luxury residence.
    (407) 641-2808
    We can help!
    Listing Contact
    Todd Schroth, PA
    Real Estate License ID: 697048
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7041 NORNE LANE, MOUNT DORA, FL 32757
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!