Furnished Three-Bedroom Resort
For Sale
$199,000
12527 FLORIDAYS RESORT DRIVE #512E, Orlando, FL 32821
High-floor vacation residence with resort amenities and short-term rental use permitted.
Property Size1,200 SF
Price / SF$165.83
Days on Market13
Property Features for 12527 FLORIDAYS RESORT DRIVE #512E
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Furnished
Yes
Utilities to Site
Yes
Amenities
pool
fitness center
poolside bar
game room
0.02 acres
Concrete, Tile
Public Sewer
Additional parcels description:, Parcel Number: 23-24-28-2901-05-512, Public Survey Range: 28, Public Survey Section: 23, Annual Amount: $3,810.93, Tax Block: 5, Tax Book Number: 8538-1540, Legal Description: DCP IDRIVE CONDOMINIUM DOC#20190716588 UNIT 512-E UNDER THE RULES & REGULATIONSOF FLORIDAYS ORLANDO RESORT CONDOMINIUMMASTER DECLARATION PER 8538/1540 SEE ALSO PHASE 4 8839/2207, Lot: 512, Year: 2025, Zoning: P-D
Carpet, Tile
Central Air, Attic Fan
Electric
Laundry Closet
Listing ID: MFRO6434349, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-08-18, Special Conditions: None
Common
3 total bedrooms
Built in 2006, Living area: 1200, Living area units: Square Feet, Building faces North, 6 stories, Levels: One, Construction Materials: Cement Siding, Concrete
Subdivision: FLORIDAYS ORLANDO RESIDENCE, MLS Area (Major): 32821 - Orlando/International Drive, County/Parish: Orange
2 total bathrooms, 2 full bathrooms
Pool
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Concrete Perimeter, Slab
Allowed: Yes
Road Responsibility: Private Maintained Road, Road Surface: Asphalt
Balcony
Built-In Oven, Dryer, Microwave, Refrigerator, Washer
Association Fee: $1,001.12, Fee Frequency: Monthly, Fee Includes: Guard - 24 Hour, Cable TV, Common Area Taxes, Pool, Electricity, Internet, Sewer, Water
Building Details
Year Built
2006
Listing Agency:
COLDWELL BANKER REALTY
(407) 352-1040
Listed By:
Stephane Loth · License #3435788
Source:
Miharaandassociates
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 29 at 10:10AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Located on the fifth floor of Building E, this 1,200-square-foot, three-bedroom apartment is offered fully furnished. The open layout combines living and dining areas with a full-sized kitchen, island, and complete equipment. The primary bedroom has an en suite bathroom with a jacuzzi tub and walk-in shower, while the second and third bedrooms each contain two full beds. A replacement HVAC system was installed in 2020, and the unit also includes new mattresses in the secondary bedrooms, a new sofa bed, accent chairs, and a new washer/dryer.
The resort occupies 20 acres and includes two pools, a water playscape, gazebo, lake view, fitness center, poolside bar, and game room. The property is three miles from Disneyworld and Seaworld, with restaurants, shops, and Lake Buena Vista Premium Outlets nearby. Short-term rentals and owner vacation use are permitted; full-year occupancy and long-term rental are not allowed. The monthly HOA fee includes water and electricity.
The resort occupies 20 acres and includes two pools, a water playscape, gazebo, lake view, fitness center, poolside bar, and game room. The property is three miles from Disneyworld and Seaworld, with restaurants, shops, and Lake Buena Vista Premium Outlets nearby. Short-term rentals and owner vacation use are permitted; full-year occupancy and long-term rental are not allowed. The monthly HOA fee includes water and electricity.
Key Highlights
- 1,200‑square‑foot, three‑bedroom apartment on the fifth floor of Building E
- Fully furnished unit with full‑sized kitchen, island, open living and dining areas
- Primary suite includes an en suite bath with jacuzzi tub and walk‑in shower
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
$15,551
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
7.81%
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%
$311,020
$311.0K
Cap Rate 7%
$222,157
$222.2K
Cap Rate 9%
$172,789
$172.8K
Market Conditions
NOI Build-Up for 1,200 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
$30.2K $25.20/SF
− Vacancy
−$2.0K −$1.64/SF
EGI
$28.3K $23.56/SF
− OpEx
−$12.7K −$10.60/SF
NOI
$15.6K $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%
$311,020
Cap Rate 7%
$222,157
Cap Rate 9%
$172,789
Alternative Uses
Best Use
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 7.81%
Second Best
Hotel Hospitality
$80.6K
$70.5K – $94.1K
NOI $5,643 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 32821, FL
25,999
Population
15,061
Households
1.7
Avg Household Size
33
Median Age
44%
College-Educated
95%
High-School Grad
16.3 sq mi
ZIP Area
1,595
Density / Sq Mi
$59,927
Median Household Income
$39,230
Median Earnings
$1,782
Median Rent
$300,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - High-floor vacation residence with resort amenities and short-term rental use permitted.
Where is this short term rental property located?
The property is located at 12527 FLORIDAYS RESORT DRIVE #512E Orlando, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,200‑square‑foot, three‑bedroom apartment on the fifth floor of Building E; Fully furnished unit with full‑sized kitchen, island, open living and dining areas; Primary suite includes an en suite bath with jacuzzi tub and walk‑in shower
