Furnished Vacation Rental
New
For Sale
$220,000
13415 BLUE HERON BEACH DRIVE #602, Orlando, FL 32821
A balcony, guest sleeping area, and resort amenities support vacation stays for groups of up to six.
Property Size798 SF
Price / SF$275.69
Days on Market4
Property Features for 13415 BLUE HERON BEACH DRIVE #602
General Information
Standard status
Active
Size
798 SF
Property subtype
Condo - Hotel
Building Details
Year Built
2006
Listing Agency:
ADVANCE REALTY & MANAGEMENT LLC
(407) 901-3636
Listed By:
Anamaris Rodriguez · License #3380509
(407) 272-4423
Source:
Dennisrealty
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 10:35AM
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 ADVANCE REALTY & MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This furnished 798-square-foot condominium occupies the sixth floor at Blue Heron Beach Resort. Its one-bedroom, two-bathroom layout includes a bunk-bed alcove and a queen sleeper sofa, accommodating up to six guests. A private balcony looks toward Lake Bryan and the resort pool. The unit also has a stacked washer and dryer, and the primary bathroom features a tub and shower. Short-term rentals are allowed for stays of up to 179 consecutive days, with owners able to self-manage or use the on-site management program.
Resort amenities include two swimming pools, hot tubs, a children’s pool, two fitness centers, a game room, walking paths, a boardwalk, fishing pier, playground, and tiki bar. Watersports are available from the resort dock. Covered parking, key-access elevators, and resort security are also provided. The condominium fee covers water, trash, cable, Wi-Fi, and home phone service. The resort is less than a mile from Walt Disney World and Disney Springs.
Resort amenities include two swimming pools, hot tubs, a children’s pool, two fitness centers, a game room, walking paths, a boardwalk, fishing pier, playground, and tiki bar. Watersports are available from the resort dock. Covered parking, key-access elevators, and resort security are also provided. The condominium fee covers water, trash, cable, Wi-Fi, and home phone service. The resort is less than a mile from Walt Disney World and Disney Springs.
Key Highlights
- Furnished 798‑square‑foot, one‑bedroom condominium with two bathrooms
- Sixth‑floor unit with a private balcony overlooking Lake Bryan and the resort pool
- Sleeps up to six with a bunk‑bed alcove and queen sleeper sofa
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
4.70%
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 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - A balcony, guest sleeping area, and resort amenities support vacation stays for groups of up to six.
Where is this short term rental property located?
The property is located at 13415 BLUE HERON BEACH DRIVE #602 Orlando, FL.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Furnished 798‑square‑foot, one‑bedroom condominium with two bathrooms; Sixth‑floor unit with a private balcony overlooking Lake Bryan and the resort pool; Sleeps up to six with a bunk‑bed alcove and queen sleeper sofa
