Resort Condo with Lake
For Sale
$350,000
13415 BLUE HERON BEACH Dr 410, Orlando, FL 32821
Renovated two-bedroom condo-hotel with resort amenities and lake views.
Property Size1,078 SF
Price / SF$324.68
Days on Market108
Property Features for 13415 BLUE HERON BEACH Dr 410
General Information
Standard status
Active
Size
1,078 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,362
Building Details
Building Size
1,078 SF
Year Built
2006
Stories
15
Listing Agency:
COLDWELL BANKER REALTY
(321) 314-1783
Listed By:
Stephane Loth · License #3435788
(321) 314-1783
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 3:02PM
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 in the Blue Heron Beach Resort, this two-bedroom, two-bathroom residence offers approximately 1,078 square feet of living space. Positioned on the fourth floor in unit 410 of Tower One, this condo-hotel presents resort-style amenities and lake views. The condo is a fully renovated corner unit, featuring bay windows for extra natural light, a brand new kitchen with high-end countertops, new furniture and tile flooring throughout. The Resort amenities include a swimming pool, a fitness center, and entertainment facilities featuring arcade games. The outdoor areas showcase tropical landscaping, creating a vacation-inspired atmosphere. A boardwalk with a dock extends to the lake, offering waterfront enjoyment and outdoor seating areas under gazebos. The residence features two private balconies where owners can appreciate the surrounding views. One is on the lake side, the other one on the Disney side, offering fireworks views at night. The building provides convenient parking. The property is minutes from Disneyworld, Seaworld, as well as many restaurants and upscale outlets. Orange County Government has Blue Heron listed as a short-term rental property and is not intended for full time occupancy.
Key Highlights
- Fully renovated corner unit with new kitchen, furniture, and tile flooring.
- Two private balconies, one with lake views and one with Disney fireworks views.**
- Resort‑style amenities including a swimming pool, fitness center, and entertainment facilities.
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
$13,970
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
3.99%
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%
$279,400
$279.4K
Cap Rate 7%
$199,571
$199.6K
Cap Rate 9%
$155,222
$155.2K
Market Conditions
NOI Build-Up for 1,078 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
$27.2K $25.20/SF
− Vacancy
−$1.8K −$1.64/SF
EGI
$25.4K $23.56/SF
− OpEx
−$11.4K −$10.60/SF
NOI
$14.0K $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%
$279,400
Cap Rate 7%
$199,571
Cap Rate 9%
$155,222
Alternative Uses
Best Use
Apartment 5plus
$199.6K
$174.6K – $232.8K
NOI $13,970 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.3K
$303.9K – $405.1K
NOI $24,308 @ 7.0% cap · market cap 6.95%
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 - Renovated two-bedroom condo-hotel with resort amenities and lake views.
Where is this short term rental property located?
The property is located at 13415 BLUE HERON BEACH Dr 410 Orlando, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Fully renovated corner unit with **new kitchen, furniture, and tile flooring.**; Two private balconies**, one with **lake views** and one with **Disney fireworks views.**; Resort‑style amenities including a swimming pool, fitness center, and entertainment facilities.
