Gated Community 2-Bedroom
For Sale
$428,000
11740 ASTILBE Drive, Orlando, FL 32827
MULTI_FAMILY - Other - ORLANDO, FL
Property Size1,680 SF
Lot Size0.12 Acres
Price / SF$254.76
Days on Market27
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
Family Room, Bedroom 1, Bedroom 2, Dining Room, Bathroom 1, Den, Bathroom 2
Parking features
Open, Driveway
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, Sliding Doors
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
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
Town Center
heated swimming pools
fitness center
pickleball courts
tennis courts
basketball courts
walking trails
biking trails
deli
food market
gas station
high-speed internet
cable television
central vacuum system
Building Details
Year built
2006
Floors in Building
1
Flooring type
Laminate, Tile - Ceramic
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: Aug 2
Last Checked: Aug 8 at 2:06AM
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 move-in ready 2-bedroom, 2-bath villa includes a private den and an open-concept layout. The interior features ceramic tile and laminate flooring, neutral finishes, and abundant natural light. The kitchen offers Corian countertops, slate stainless steel appliances, and a breakfast bar with seamless flow into the dining and living areas. A built-in central vacuum system adds everyday convenience. The primary suite includes a large walk-in closet and a bath with dual vanities and a tiled walk-in shower, while the secondary bedroom is served by a full bath with a tiled tub/shower combination. A large laundry room with additional storage and an attached two-car garage round out the home. Exterior features include a brick paver driveway, tiled roof, seamless gutters, manicured landscaping, and an expansive patio. Recent improvements include a new A/C system (2022), hot water heater (2024), and garage door opener (2026).
Located within VillageWalk at Lake Nona, the community offers a Town Center, heated swimming pools, a fitness center, pickleball, tennis and basketball courts, walking and biking trails, and on-site dining and retail options including a neighborhood deli, food market, and gas station.
The HOA includes high-speed internet, cable television, and complete lawn and landscape maintenance.
Located within VillageWalk at Lake Nona, the community offers a Town Center, heated swimming pools, a fitness center, pickleball, tennis and basketball courts, walking and biking trails, and on-site dining and retail options including a neighborhood deli, food market, and gas station.
The HOA includes high-speed internet, cable television, and complete lawn and landscape maintenance.
Key Highlights
- 2‑bedroom, 2‑bath villa with a private den and open floorplan in the gated VillageWalk at Lake Nona community
- 1,680 SF living space with ceramic tile and laminate flooring, high ceilings, and ceiling fans throughout
- Kitchen features solid surface (Corian) counters and includes refrigerator, range, microwave, dishwasher, and disposal
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
5.09%
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 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.2K
$473.5K – $631.4K
NOI $37,883 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready 2-bedroom, 2-bath villa with a private den and attached two-car garage in a gated community.
Where is this single family property located?
The property is located at 11740 ASTILBE Drive Orlando, FL.
What is the asking price?
The asking price for this property is $428,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath villa with a private den and open floorplan in the gated VillageWalk at Lake Nona community; 1,680 SF living space with ceramic tile and laminate flooring, high ceilings, and ceiling fans throughout; Kitchen features solid surface (Corian) counters and includes refrigerator, range, microwave, dishwasher, and disposal
