Duplex Villa with Water-View Screened
For Sale
$419,900
11831 FAN TAIL Lane, Orlando, FL 32827
MULTI_FAMILY - ORLANDO, FL
Property Size1,526 SF
Lot Size0.11 Acres
Price / SF$275.16
Days on Market180
Property Features for 11831 FAN TAIL Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Dining Room, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room
Parking features
Open
Window features
Shutters
Patio and Porch features
Porch
Pets allowed
Breed Restrictions
Interior features
Primary Bedroom Main Floor, Thermostat
Exterior features
Sidewalk
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
VILLAGEWALK/LK NONAA 01B
Lot features
Cul-De-Sac
View
Water
Elementary school
Village Park Elementary
Middle school
Lake Nona Middle School
High school
Lake Nona High
Directions
Take 417, Exit 19 North on Lake Nona Blvd Follow the road to the main security gate
Standard status
Active
APN
18-24-31-9163-03-600
Size
1,526 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGEWALK AT LAKE NONA UNITS 1D AND 1E65/42 LOT 360
Tax Annual Amount
5243
Legal Description
VILLAGEWALK AT LAKE NONA UNITS 1D AND 1E65/42 LOT 360
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Private
Amenities
heated pools
24-hour fitness center
lighted walking and biking trails
tennis courts
basketball courts
deli
gas station
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Tile
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Manuel Delgado · License #3346425
(407) 738-5717
Added: Feb 18
Changed: Aug 13
Last Checked: Aug 17 at 11:06AM
MLS# O6375764
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.
Investment Insights
Based on property information with market context.
Set within the guard-gated VillageWalk at Lake Nona community, this single-story two-bedroom, two-bath Capri III villa features an open-concept layout with plantation shutters and tile flooring through the main living areas. The split-bedroom plan provides privacy, with an owner’s suite that includes a generous closet and ensuite bath.
Enjoy peaceful water views from your private screened lanai. Practical interior details include an indoor laundry room, and central heating and central air for year-round comfort. The home is built with block construction and includes a tile roof. Appliances include a dishwasher, microwave, range, and refrigerator.
Additional convenience comes from a two-car attached garage. HOA-related services include lawn maintenance, high-speed internet, and cable. VillageWalk amenities include heated pools, a 24-hour fitness center, lighted walking and biking trails, tennis and basketball courts, and a town center with dining and shopping options, along with nearby Lake Nona and Boxi Park attractions.
Enjoy peaceful water views from your private screened lanai. Practical interior details include an indoor laundry room, and central heating and central air for year-round comfort. The home is built with block construction and includes a tile roof. Appliances include a dishwasher, microwave, range, and refrigerator.
Additional convenience comes from a two-car attached garage. HOA-related services include lawn maintenance, high-speed internet, and cable. VillageWalk amenities include heated pools, a 24-hour fitness center, lighted walking and biking trails, tennis and basketball courts, and a town center with dining and shopping options, along with nearby Lake Nona and Boxi Park attractions.
Key Highlights
- Single‑story two‑bedroom, two‑bath Capri III villa in VillageWalk at Lake Nona
- Private screened lanai with water views
- 1,526 square feet of open‑concept living with split‑bedroom layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,000
$433.0K
Cap Rate 7%
$309,286
$309.3K
Cap Rate 9%
$240,556
$240.6K
Market Conditions
NOI Build-Up for 1,526 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.0K $21.60/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$30.9K $20.27/SF
− OpEx
−$9.3K −$6.08/SF
NOI
$21.6K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,000
Cap Rate 7%
$309,286
Cap Rate 9%
$240,556
Alternative Uses
Best Use
Multifamily LT 5
$309.3K
$270.6K – $360.8K
NOI $21,650 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$282.5K
$247.2K – $329.6K
NOI $19,776 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$491.6K
$430.1K – $573.5K
NOI $34,410 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 32827, FL
19,042
Population
7,586
Households
2.5
Avg Household Size
37
Median Age
52%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
839
Density / Sq Mi
$112,026
Median Household Income
$61,366
Median Earnings
$2,163
Median Rent
$615,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Single-story two-bedroom, two-bath villa with screened lanai overlooking water, in a guard-gated Lake Nona community.
Where is this duplex located?
The property is located at 11831 FAN TAIL Lane Orlando, FL.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Single‑story two‑bedroom, two‑bath Capri III villa in VillageWalk at Lake Nona; Private screened lanai with water views; 1,526 square feet of open‑concept living with split‑bedroom layout
