Lake Lotus Condo with
1052 LOTUS COVE COURT 743 Altamonte Springs, FL 32714
For Sale
$134,900
Pending
Updated 2-bedroom condo with lake views and resort-style amenities.
Property Size1,001 SF
Lot Size0.01 Acres
Days on Market676
Property Features for 1052 LOTUS COVE COURT 743
General Information
- Standard status
- Pending
- Size
- 1,001 SF
- Lot size
- 0.01 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1984
Listing Agency:
SUNDIAL REAL ESTATE LLC
(407) 692-5614
Listed By:
Michael Salazar · License #3496497
(407) 692-5614
Source:
Exitrealty
Added: Sep 19, 2024
Changed: Jul 6
Last Checked: Jul 25 at 7:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SUNDIAL REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This fourth-floor condo features 2 bedrooms and 2 bathrooms, offering views of the lake and conservation area. Located in Lake Lotus Club, the property is situated within an A-rated school district, with access to Bear Lake Elementary, Teague Middle School, and Lake Brantley High School. The condo provides access to I-4, SR 414, SR 436, and SR 434, and is located near Altamonte Springs Mall, Cranes Roost Park, Seminole College, and Wekiva State Park. The unit includes upgrades such as fresh paint, natural wood closet doors, new doors and hardware, and wood-plank style laminate flooring in both bedrooms. The HVAC system was replaced in December 2022, and a new electrical panel was installed in April 2022. In-unit laundry and extra storage are available, along with elevator access. Community amenities include a pool, tennis court, playground, cabana area, racquetball courts, and a car wash station. A special assessment is in progress to enhance the community. The piping has been updated (2025). The property size is 1001 square feet.
Key Highlights
- Serene lake and conservation views from a fourth‑floor condo.
- Located in the highly desirable Lake Lotus Club community.
- Access to A‑rated schools: Bear Lake Elementary, Teague Middle School, and Lake Brantley High School.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.9k | $23.88 |
| − Vacancy | −$1.6k | −$1.55 |
| EGI | $22.4k | $22.33 |
| − OpEx | −$10.1k | −$10.05 |
| NOI | $12.3k | $12.28 |
1,001 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$175.6K
$153.7K – $204.9K
NOI $12,293 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.9K
$249.3K – $332.3K
NOI $19,940 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Updated 2-bedroom condo with lake views and resort-style amenities.
Where is this residential income property located?
The property is located at 1052 LOTUS COVE COURT 743 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Serene lake and conservation views from a fourth‑floor condo.; Located in the highly desirable Lake Lotus Club community.; Access to A‑rated schools: Bear Lake Elementary, Teague Middle School, and Lake Brantley High School.
