Lakefront Short-Term Rental
13427 BLUE HERON BEACH DR 1405, Orlando, FL 32821
For Sale
$375,000
Two-bedroom resort condominium with STR use, lake views, and extensive recreational amenities near Orlando attractions.
Property Size1,165 SF
Days on Market97
Property Features for 13427 BLUE HERON BEACH DR 1405
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
swimming pool
hot tub
scenic walking trails
playground
game room
exercise room
covered parking
security
Building Details
Building Size
Year Built
Listing Agency:
JC REALTY GROUP INC
Listed By:
Marco Ossa, PA · License FL #3052084
(321) 201-1038
Source:
Elliman
Added: Aug 8
Changed: Nov 4
Last Checked: Nov 10 at 7:08AM
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
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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 / Yr
$15,097
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
1
Residential units
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
$300,300
Median Home Value
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Market
Average Price Trend$/SF for Short term rental properties in Orlando, FL
Properties on Market for Short term rental properties in Orlando
Vacancy Rate% for Multifamily in South region
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
