Spacious Condo Near Disney
8031 ENCHANTMENT DRIVE GE Windermere, FL 34786
8031 ENCHANTMENT DRIVE GE, Windermere, FL, 34786
$410,000
For Sale
$410,000
Three-bedroom condo with loft, bonus room, and resort-style amenities.
Property Size1,826 SF
Lot Size0.03 Acres
Price / SF$224.53
Days on Market526
Property Features for 8031 ENCHANTMENT DRIVE GE
General Information
- Standard status
- Active
- Size
- 1,826 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2007
Listing Agency
COMPASS FLORIDA LLC
(407) 462-2762
Listed by
Cassandra King · License #3362997
(407) 462-2762
Source
Exitrealty
Added: Feb 7, 2025 Checked: Jul 17 at 4:35 am
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This two-story condo features 3 bedrooms and 2.5 bathrooms. The property is located in a peaceful part of the neighborhood and backs up to serene greenery. The interior includes an oversized loft area upstairs and a versatile bonus room. Light fixtures add a stylish touch throughout the home. The kitchen features stainless steel appliances and granite countertops. A private, fenced-in courtyard with a screened-in patio provides an ideal spot to unwind. The home includes a two-car garage. The gated community offers amenities, including a resort-style pool, playground, and clubhouse. The property is located near Walt Disney World and Horizon West, offering convenient access to shopping and dining. The property size is 1826 square feet.
Key Highlights
- Backs to serene greenery, providing added privacy and tranquility.
- Resort‑style gated community with pool, playground, and clubhouse.
- Conveniently located 5 minutes from Walt Disney World and near Horizon West shopping and dining.
Local 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 | $43.6k | $23.88 |
| − Vacancy | −$2.8k | −$1.55 |
| EGI | $40.8k | $22.33 |
| − OpEx | −$18.3k | −$10.05 |
| NOI | $22.4k | $12.28 |
1,826 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$320.3K
$280.3K – $373.7K
NOI $22,424 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.6K
$454.7K – $606.2K
NOI $36,374 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Three-bedroom condo with loft, bonus room, and resort-style amenities.
Where is this residential income property located?
The property is located at 8031 ENCHANTMENT DRIVE GE Windermere, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Backs to serene greenery, providing added privacy and tranquility.; Resort‑style gated community with pool, playground, and clubhouse.; Conveniently located 5 minutes from Walt Disney World and near Horizon West shopping and dining.
