Lakefront Short-Term Rental
For Sale
$217,700
13415 BLUE HERON BEACH 606, Orlando, FL 32821
Fully furnished one-bedroom, two-bath condo at Blue Heron Beach Resort with a private balcony overlooking lake views.
Property Size798 SF
Days on Market122
Property Features for 13415 BLUE HERON BEACH 606
General Information
Standard status
Active
Size
798 SF
Property subtype
Other
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$2,874
Amenities
multiple pools
hot tubs
game room
gym
lakefront dock
scenic boardwalks
tiki bar
outdoor jacuzzi
Building Details
Building Size
798 SF
Year Built
2006
Listed By:
Helen Lei
(407) 371-1225
Source:
Elliman
Added: May 9
Changed: Sep 2
Last Checked: Sep 6 at 8:51AM
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 Helen Lei
Investment Insights
Based on property information with market context.
This lakefront condo is located at Blue Heron Beach Resort and is zoned for short-term rental. The unit is fully furnished and features one bedroom and two bathrooms, along with a private balcony and lakefront views. Interior finishes include laminate and ceramic tile flooring with no carpet, and it is equipped with a fully furnished kitchen, appliances, and a washer and dryer. Recent updates include a new water heater tank and newer furniture.
Access within the resort includes security elevators with keyed access only and covered parking. HOA fees cover water, cable, internet, and building insurance. Resort amenities listed with the property include multiple pools and hot tubs, a game room, gym, lakefront dock, scenic boardwalks, and an outdoor jacuzzi.
The condo’s layout includes a primary bedroom with a king bed and en-suite bath, plus additional sleeping accommodations with a bunk bed featuring two twin beds. The unit is part of the Blue Heron Beach Resort community in Orlando, with nearby walkable services including a mini golf area, a supermarket, and a gift shop.
Access within the resort includes security elevators with keyed access only and covered parking. HOA fees cover water, cable, internet, and building insurance. Resort amenities listed with the property include multiple pools and hot tubs, a game room, gym, lakefront dock, scenic boardwalks, and an outdoor jacuzzi.
The condo’s layout includes a primary bedroom with a king bed and en-suite bath, plus additional sleeping accommodations with a bunk bed featuring two twin beds. The unit is part of the Blue Heron Beach Resort community in Orlando, with nearby walkable services including a mini golf area, a supermarket, and a gift shop.
Key Highlights
- Lakefront, fully furnished 1‑bedroom, 2‑bath condo at Blue Heron Beach Resort with private balcony and lake views
- Carpet‑free interior with laminate and ceramic tile flooring
- Zoned for short‑term rental and includes a fully equipped kitchen plus appliances and washer/dryer
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
$10,341
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
4.75%
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%
$206,820
$206.8K
Cap Rate 7%
$147,729
$147.7K
Cap Rate 9%
$114,900
$114.9K
Market Conditions
NOI Build-Up for 798 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
$20.1K $25.20/SF
− Vacancy
−$1.3K −$1.64/SF
EGI
$18.8K $23.56/SF
− OpEx
−$8.5K −$10.60/SF
NOI
$10.3K $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%
$206,820
Cap Rate 7%
$147,729
Cap Rate 9%
$114,900
Alternative Uses
Best Use
Apartment 5plus
$147.7K
$129.3K – $172.4K
NOI $10,341 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
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 - Fully furnished one-bedroom, two-bath condo at Blue Heron Beach Resort with a private balcony overlooking lake views.
Where is this short term rental property located?
The property is located at 13415 BLUE HERON BEACH 606 Orlando, FL.
What is the asking price?
The asking price for this property is $217,700.
What are key features of this property?
This property features: Lakefront, fully furnished 1‑bedroom, 2‑bath condo at Blue Heron Beach Resort with private balcony and lake views; Carpet‑free interior with laminate and ceramic tile flooring; Zoned for short‑term rental and includes a fully equipped kitchen plus appliances and washer/dryer
