Furnished Lakefront Short-Term Rental
New
For Sale
$227,000
13427 BLUE HERON BEACH DRIVE #1402, Orlando, FL 32821
Fully furnished resort condo with lake views, private balcony, and access to multiple recreational amenities.
Property Size798 SF
Price / SF$284.46
Days on Market4
Property Features for 13427 BLUE HERON BEACH DRIVE #1402
General Information
Standard status
Active
Size
798 SF
Elevators
Yes
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 1BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
pools
hot tubs
fitness center
game room
Tiki Bar
lakefront dock
scenic boardwalks
0.72 acres
Concrete
Public Sewer
Additional parcels description:, Parcel Number: 27-24-28-0648-01-402, Public Survey Range: 28, Public Survey Section: 27, Annual Amount: $2,874.03, Tax Block: 1, Tax Book Number: 9461-3269, Legal Description: BLUE HERON BEACH RESORT TOWER 2 CONDOMINIUM 9461/3269 UNIT 1402, Lot: 402, Year: 2025, Zoning: P-D
Ceramic Tile, Laminate
Central Air
Central
Inside
Listing ID: MFRO6437561, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-09-07, Special Conditions: None
Common, Covered, Ground Level, Guest, Basement
1 total bedroom
Built in 2007, Living area: 798, Living area units: Square Feet, Building faces West, 21 stories, Levels: One, Construction Materials: Block, Concrete, Stucco
Subdivision: BLUE HERON BCH RESIDENCE TWR 02 CONDO, MLS Area (Major): 32821 - Orlando/International Drive, County/Parish: Orange
Lake
2 total bathrooms, 2 full bathrooms
Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Available, Water Connected, Water Source: Public
Slab
Allowed: Breed Restrictions
Road Surface: Asphalt, Paved
Balcony
Open Floorplan, Thermostat
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Association Fee: $733, Fee Frequency: Monthly, Amenities: Elevators, Fitness Center, Pool, Security, Spa/Hot Tub
Building Details
Year Built
2007
Listing Agency:
CORNERSTONE INTERNATIONAL PROPERTY GROUP LLC
(407) 334-7497
Listed By:
Helen Lei · License #3656438
(407) 371-1225
Source:
Miharaandassociates
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 9 at 3:34PM
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 CORNERSTONE INTERNATIONAL PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
This furnished 14th-floor condominium at Blue Heron Beach Resort offers 798 square feet with one bedroom, two full bathrooms, and a bonus bunk area with two twin beds. The primary suite includes a king bed and private bath, while the living area opens to a private lakefront balcony. Laminate and ceramic tile flooring run throughout the carpet-free interior. The residence also includes a kitchen with appliances, a washer and dryer, and furniture ready for immediate use. A new water heater was installed in 2026, and the A/C system was replaced in 2024.
The property is zoned for short-term rental use and is located in Orlando near Disney Springs, Walt Disney World, other major theme parks, restaurants, and outlet shopping. Resort amenities include multiple pools, hot tubs, a fitness center, game room, Tiki Bar, lakefront dock, and scenic boardwalks. Covered parking and secured elevator access add convenience, while HOA fees include water, cable, internet, and building insurance.
The property is zoned for short-term rental use and is located in Orlando near Disney Springs, Walt Disney World, other major theme parks, restaurants, and outlet shopping. Resort amenities include multiple pools, hot tubs, a fitness center, game room, Tiki Bar, lakefront dock, and scenic boardwalks. Covered parking and secured elevator access add convenience, while HOA fees include water, cable, internet, and building insurance.
Key Highlights
- 14th‑floor condo with 798 square feet, 1 bedroom, 2 full bathrooms, and a bonus bunk area
- Private lakefront balcony with Lake Bryan views
- Zoned for short‑term rental use
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
4.56%
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 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - Fully furnished resort condo with lake views, private balcony, and access to multiple recreational amenities.
Where is this short term rental property located?
The property is located at 13427 BLUE HERON BEACH DRIVE #1402 Orlando, FL.
What is the asking price?
The asking price for this property is $227,000.
What are key features of this property?
This property features: 14th‑floor condo with 798 square feet, 1 bedroom, 2 full bathrooms, and a bonus bunk area; Private lakefront balcony with Lake Bryan views; Zoned for short‑term rental use
