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Explore Similar Apartments Within 2 Miles of Mentor-on-the-Lake, OH

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    $599,900

    • 3 Beds
    • 2.5 Baths

    7101 Reynolds Rd, Mentor, OH 44060

    Prime investment property! This rare offering combines a luxurious primary residence with steady rental income from the 3 separate units on the same property. Main Residence features 3 bedrooms 2 full baths, Formal living room, Huge eat in kitchen open to family room. Inground pool with sauna and pool house. Rental units create steady cash flow. 1 br efficiency rents for $460., 1 br unit

    Karen Schultz HomeSmart Real Estate Momentum LLC

    7101 Reynolds Rd, Mentor, OH 44060

Why Live in Mentor-on-the-Lake

Mentor On The Lake, OH, is a quiet lakeside city along Lake Erie, transitioning from a former beach town to a dense residential community. The city features peaceful neighborhoods with mostly single-family homes, including ranch-style, bungalows, split-level houses, and 1970s-style raised ranches. Lakeside properties offer waterfront views and private docks, though erosion has impacted shoreline access. Despite this, flooding is minimal. Recreational activities are abundant with parks like Mentor Beach Park and Overlook Beach Park providing waterfront views, and John R. McMinn Memorial Park offering sports fields and playgrounds. Nearby, Veterans Park and Osborne Park add fishing piers, walking paths, and a public pool. The Mentor Harbor Yachting Club and Mentor Lagoons Nature Preserve & Marina cater to boating enthusiasts. The city’s small downtown and commercial centers along state Route 283 host local businesses, fast-food restaurants, and supermarkets, with popular spots like Breakwall Tavern and Biggies Custard. Joy’s Roller Rink, a community staple since 1908, adds to the local charm. Students attend the highly rated Mentor Public Schools district, with Lake Elementary located within the city. Commuters benefit from proximity to Mentor and Cleveland, accessible via state Route 283 and nearby highways, with bus service available. Annual events like the Fall Festival and Memorial Day parade, along with library-hosted activities, foster a strong community spirit.

Home Trends in Mentor-on-the-Lake, OH

Housing Trends

Median Sale Price
$215,000
Median Single Family Sale Price
$217,500
Median 2 Bedroom Sale Price
$203,000
Average Price Per Sq Ft
$162
Number of Homes for Sale
8
Last 12 months Home Sales
97
Months of Supply
1.00
Median List Price
$224,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%
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