Lakewood at Meadow Woods
13801 TIMBERLAND DRIVE 202 Orlando, FL 32824
13801 TIMBERLAND DRIVE 202, Orlando, FL, 32824
$219,000
For Sale
$219,000
Two-bedroom condo in gated waterfront community near MCO Airport.
Property Size1,013 SF
Lot Size0.09 Acres
Price / SF$216.19
Days on Market515
Property Features for 13801 TIMBERLAND DRIVE 202
General Information
- Standard status
- Active
- Size
- 1,013 SF
- Lot size
- 0.09 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1995
Listing agency
SUNDIAL REAL ESTATE LLC
(407) 462-9050
Listed by
Nicole Van Treese · License #3219288
(407) 462-9050
Source
Exitrealty
Added: Feb 21, 2025 Updated: Jul 10 at 3:51PM Checked: Jul 21 at 5:39AM
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.
Located in the gated waterfront community of Lakewood at Meadow Woods, this second-floor condominium features two bedrooms and two bathrooms. The property is situated minutes from MCO International Airport and various shopping and dining options. The condo is suitable for owner-occupants and long-term or short-term rental investments. Interior features include vaulted ceilings and ceramic and wood laminate flooring. An enclosed extended patio with a storage closet provides additional living space. A full-sized washer and dryer are located within the unit. The HVAC system was replaced in 2020. Storm shutters are installed on every window. The community offers a pool that is currently undergoing renovations. The property has a total size of 1013 square feet.
Key Highlights
- Seller will cover HOA dues for the rest of the year (limited‑time offer).
- Prime location: minutes from MCO International Airport, shopping, and dining.
- Gated waterfront community: Lakewood at Meadow Woods.
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 | $23.6k | $23.28 |
| − Vacancy | −$1.5k | −$1.51 |
| EGI | $22.0k | $21.77 |
| − OpEx | −$9.9k | −$9.80 |
| NOI | $12.1k | $11.97 |
1,013 SF · lease $23.28/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$173.2K
$151.6K – $202.1K
NOI $12,127 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.1K
$277.5K – $370.0K
NOI $22,197 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
N.A.B. Community Management
Property Management Company
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Two-bedroom condo in gated waterfront community near MCO Airport.
Where is this residential income property located?
The property is located at 13801 TIMBERLAND DRIVE 202 Orlando, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Seller will cover HOA dues for the rest of the year (limited‑time offer).; Prime location: minutes from MCO International Airport, shopping, and dining.; Gated waterfront community: Lakewood at Meadow Woods.
