Residential Income Property with Lake
New
For Sale
$245,000
13427 BLUE HERON BEACH DRIVE #1502, Orlando, FL 32821
The renovated condo offers a private balcony, a bunk nook, and resort amenities, with Disney property one mile away.
Property Size798 SF
Price / SF$307.02
Days on Market6
Property Features for 13427 BLUE HERON BEACH DRIVE #1502
General Information
Standard status
Active
Size
798 SF
Elevators
Yes
Property subtype
Condo - Hotel
Additional Details
Multifamily Units
1
Amenities
key secured elevator
24 hour front desk and security
heated pools
hot tub
fitness facilities
poolside tiki bar
private lakeside dock
Building Details
Year Built
2007
Listing Agency:
COASTAL PROPERTIES GROUP INTER
(813) 553-6869
Listed By:
Kumari Fulbright · License #3368156
(313) 930-9005
Source:
Dennisrealty
Added: Oct 17
Changed: Oct 21
Last Checked: Oct 20 at 9:19PM
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 COASTAL PROPERTIES GROUP INTER
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Investment Insights
Based on property information with market context.
This 798-square-foot condominium at Blue Heron Beach Resort has one bedroom, two bathrooms, and a bunk bed nook. Located on the second-highest floor, the unit has a private balcony with views of Lake Bryan. Renovations include new flooring, fresh paint, updated kitchen cabinets and countertops, newer appliances, and bathroom vanities; one bathroom also has a walk-in shower. The building was constructed in 2007.
Building features include a key-secured elevator, 24-hour front desk and security, heated pools, a hot tub, fitness facilities, a poolside tiki bar, and a private lakeside dock. The property is one mile from the Disney property entrance, with Universal Orlando, shopping, and dining also described as nearby.
Building features include a key-secured elevator, 24-hour front desk and security, heated pools, a hot tub, fitness facilities, a poolside tiki bar, and a private lakeside dock. The property is one mile from the Disney property entrance, with Universal Orlando, shopping, and dining also described as nearby.
Key Highlights
- 798‑square‑foot condo with one bedroom, two bathrooms, and a bunk bed nook
- Private balcony with Lake Bryan views
- Renovations include new flooring, fresh paint, updated kitchen, and bathroom vanities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,341
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
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
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 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 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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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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Frequently Asked Questions
What type of property is this?
Residential income property - The renovated condo offers a private balcony, a bunk nook, and resort amenities, with Disney property one mile away.
Where is this residential income property located?
The property is located at 13427 BLUE HERON BEACH DRIVE #1502 Orlando, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 798‑square‑foot condo with one bedroom, two bathrooms, and a bunk bed nook; Private balcony with Lake Bryan views; Renovations include new flooring, fresh paint, updated kitchen, and bathroom vanities
