Gated Residential Income
For Sale
Under Contract
$419,900
11740 ASTILBE Drive, Orlando, FL 32827
Residential, ORLANDO, FL
Property Size1,680 SF
Lot Size0.12 Acres
Price / SF$249.94
Days on Market75
Property Features for 11740 ASTILBE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bathroom 1, Family Room, Bathroom 2, Dining Room, Bedroom 2, Bedroom 1
Parking features
Driveway, Open
Security features
Security System
Window features
Blinds
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Central Vaccum, High Ceilings, In Wall Pest System, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Hurricane Shutters, Lighting, Private Entrance, Rain Gutters, Sidewalk
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
VILLAGEWALK/LK NONAA 01B
Lot features
Landscaped, Sidewalk, Paved
Elementary school
Village Park Elementary
Middle school
Lake Nona Middle School
High school
Lake Nona High
Directions
From 417 S, take exit 19 toward Lake Nona Blvd, turn right onto Nautica Drive (guard gate), left onto Upper Villagewalk Circle, turn left onto Astilbe Drive, destination will be on the left.
Standard status
Active Under Contract
APN
13-24-30-8333-01-430
Size
1,680 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 143
Tax Annual Amount
6235
Legal Description
VILLAGEWALK AT LAKE NONA UNITS 1A, 1B, AND 1C 63/145 LOT 143
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
fitness center
pickleball
tennis
basketball
walking trails
biking trails
deli
market
gas station
central vacuum
patio
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block, Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
KELLER WILLIAMS WINTER PARK · Keller Williams Realty
(407) 545-6430
Listed By:
Kimberly Garcia
(407) 616-8315
Added: Jul 13
Changed: Sep 23
Last Checked: Sep 25 at 3:06PM
MLS# O6424826
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.
This 1,680-square-foot villa offers two bedrooms, two full baths, and a private den within the gated VillageWalk at Lake Nona community. The open layout connects the living, dining, and kitchen areas, while ceramic tile and laminate flooring run throughout the residence. The kitchen includes Corian counters, slate stainless appliances, and a breakfast bar. A primary suite includes a walk-in closet, dual vanities, and a tiled walk-in shower. The home also features a laundry room, attached two-car garage, patio, tile roof, hurricane shutters, central vacuum, and public water and sewer.
Community amenities include a Town Center, heated swimming pools, fitness center, pickleball, tennis and basketball courts, walking and biking trails, deli, food market, and gas station. HOA services include high-speed internet, cable television, and lawn and landscape maintenance. The property is in Orlando's Lake Nona area, with access to Orlando International Airport, Medical City, major highways, schools, shopping, dining, downtown Orlando, and theme parks.
Community amenities include a Town Center, heated swimming pools, fitness center, pickleball, tennis and basketball courts, walking and biking trails, deli, food market, and gas station. HOA services include high-speed internet, cable television, and lawn and landscape maintenance. The property is in Orlando's Lake Nona area, with access to Orlando International Airport, Medical City, major highways, schools, shopping, dining, downtown Orlando, and theme parks.
Key Highlights
- 1,680‑square‑foot villa with 2 bedrooms, 2 full baths, and a private den
- Gated VillageWalk at Lake Nona community with Town Center and resort‑style amenities
- Attached two‑car garage with cabinets, hanging storage, attic access, and hurricane shutters
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
$21,771
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
5.18%
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%
$435,420
$435.4K
Cap Rate 7%
$311,014
$311.0K
Cap Rate 9%
$241,900
$241.9K
Market Conditions
NOI Build-Up for 1,680 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
$42.3K $25.20/SF
− Vacancy
−$2.8K −$1.64/SF
EGI
$39.6K $23.56/SF
− OpEx
−$17.8K −$10.60/SF
NOI
$21.8K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$435,420
Cap Rate 7%
$311,014
Cap Rate 9%
$241,900
Alternative Uses
Best Use
Apartment 5plus
$311.0K
$272.1K – $362.9K
NOI $21,771 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.2K
$473.5K – $631.4K
NOI $37,883 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
60
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom villa with den, attached garage, and resort-style community amenities in Lake Nona.
Where is this residential income property located?
The property is located at 11740 ASTILBE Drive 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: 1,680‑square‑foot villa with 2 bedrooms, 2 full baths, and a private den; Gated VillageWalk at Lake Nona community with Town Center and resort‑style amenities; Attached two‑car garage with cabinets, hanging storage, attic access, and hurricane shutters
