Lakefront Short-Term Rental
New
For Sale
$375,000
13427 BLUE HERON BEACH DR 1405, Orlando, FL 32821
Two-bedroom resort condominium with STR use, lake views, and extensive recreational amenities near Orlando attractions.
Property Size1,165 SF
Days on Market4
Property Features for 13427 BLUE HERON BEACH DR 1405
General Information
Standard status
Active
Size
1,165 SF
Elevators
Yes
Property subtype
Commercial
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,113
Amenities
swimming pool
hot tub
scenic walking trails
playground
game room
exercise room
covered parking
security
Building Details
Building Size
1,165 SF
Year Built
2007
Stories
17
Listing Agency:
JC REALTY GROUP INC
(321) 201-1038
Listed By:
Marco Ossa, PA · License #3052084
(321) 201-1038
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 9:50AM
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 JC REALTY GROUP INC
Investment Insights
Based on property information with market context.
Built in 2007, this two-bedroom, two-bath condominium at Blue Heron Beach Resort is approved for short-term rental use and accommodates up to 8 guests. The layout includes a third room with bunk beds, a pullout queen sofa in the living area, and a primary suite with a Jacuzzi tub, shower, and walk-in closet. A full kitchen features granite countertops, a refrigerator, stove, dishwasher, small appliances, dishes, and utensils. Recent improvements include a new air conditioner, water heater, garbage disposal, kitchen faucet, and stacked washer-dryer combination.
The unit has a large double balcony overlooking Lake Bryan and access to resort amenities including heated pools, hot tubs, walking trails, a playground, game room, exercise room, and two fitness centers. Covered parking, keyed elevator access, cable, WIFI, water, trash service, and home phone service are included in the condo fee. The property is located at 13427 Blue Heron Beach Dr in Orlando, less than a mile from Walt Disney World and Disney Springs.
The unit has a large double balcony overlooking Lake Bryan and access to resort amenities including heated pools, hot tubs, walking trails, a playground, game room, exercise room, and two fitness centers. Covered parking, keyed elevator access, cable, WIFI, water, trash service, and home phone service are included in the condo fee. The property is located at 13427 Blue Heron Beach Dr in Orlando, less than a mile from Walt Disney World and Disney Springs.
Key Highlights
- Short‑term rental use permitted
- Two bedrooms and two full baths; floor plan accommodates up to 8 guests
- Large double balcony facing Lake Bryan
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
$15,097
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
4.03%
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%
$301,940
$301.9K
Cap Rate 7%
$215,671
$215.7K
Cap Rate 9%
$167,744
$167.7K
Market Conditions
NOI Build-Up for 1,165 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
$29.4K $25.20/SF
− Vacancy
−$1.9K −$1.64/SF
EGI
$27.4K $23.56/SF
− OpEx
−$12.4K −$10.60/SF
NOI
$15.1K $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%
$301,940
Cap Rate 7%
$215,671
Cap Rate 9%
$167,744
Alternative Uses
Best Use
Apartment 5plus
$215.7K
$188.7K – $251.6K
NOI $15,097 @ 7.0% cap · market cap 4.03%
Second Best
Hotel Hospitality
$78.3K
$68.5K – $91.3K
NOI $5,478 @ 7.0% cap · market cap 1.46%
Theoretical Best
Office A
$375.3K
$328.4K – $437.8K
NOI $26,270 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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 - Two-bedroom resort condominium with STR use, lake views, and extensive recreational amenities near Orlando attractions.
Where is this short term rental property located?
The property is located at 13427 BLUE HERON BEACH DR 1405 Orlando, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Short‑term rental use permitted; Two bedrooms and two full baths; floor plan accommodates up to 8 guests; Large double balcony facing Lake Bryan
