Turnkey Top-Floor Condo
For Sale
$215,000
14200 AVALON 409, Winter Garden, FL 34787
Professionally renovated, fully furnished top-floor 2BR/2BA condo with elevator access and a screened balcony.
Property Size1,253 SF
Days on Market90
Property Features for 14200 AVALON 409
General Information
Standard status
Active
Size
1,253 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$2,851
Building Details
Building Size
1,253 SF
Year Built
2008
Stories
4
Listing Agency:
(407) 832-5235
Listed By:
Jamie Woelbern · License #3540603
(407) 832-5235
Source:
Elliman
Added: Jun 3
Changed: Aug 21
Last Checked: Aug 30 at 2:50PM
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 Jamie Woelbern
Investment Insights
Based on property information with market context.
The Palisades Condominium presents a fully renovated, furnished, top-floor two-bedroom, two-bath condo designed for straightforward, low-maintenance use. The interior features luxury vinyl plank flooring throughout, crown molding, upgraded lighting, modern hardware, and an updated kitchen with 42-inch white cabinetry and stainless steel appliances. A full-size washer and dryer are included, and the split-bedroom layout provides privacy for owners and guests. The primary suite includes a king bed, a 52-inch Samsung LED TV, a walk-in closet, and a garden tub in the en-suite bathroom. The second bedroom offers two queen beds, a 55-inch Samsung LED TV, and closet space, with direct access to a second full bathroom and additional hallway access for guests. Living areas open to an oversized screened-in balcony through large sliding glass doors.
Access and convenience are built in, with elevator access from a recently renovated lobby directly to the top floor and covered parking for owners and guests. The condo is located within a smaller condominium community built in 2008, offering added privacy with no neighbors above. The community includes resort-style amenities such as a pool and hot tub, fitness center, and a first-floor theater room, with covered parking and well-maintained common areas.
This property is well suited for a homeowner seeking a turnkey, renovated residence near Central Florida attractions, or for an owner who wants flexibility for seasonal use and short-term rental income to help offset monthly expenses. The condominium association dues cover nearly all monthly services and utilities, including water, internet, cable, exterior maintenance, and amenities, leaving electricity as one of the primary owner expenses.
Access and convenience are built in, with elevator access from a recently renovated lobby directly to the top floor and covered parking for owners and guests. The condo is located within a smaller condominium community built in 2008, offering added privacy with no neighbors above. The community includes resort-style amenities such as a pool and hot tub, fitness center, and a first-floor theater room, with covered parking and well-maintained common areas.
This property is well suited for a homeowner seeking a turnkey, renovated residence near Central Florida attractions, or for an owner who wants flexibility for seasonal use and short-term rental income to help offset monthly expenses. The condominium association dues cover nearly all monthly services and utilities, including water, internet, cable, exterior maintenance, and amenities, leaving electricity as one of the primary owner expenses.
Key Highlights
- Professionally renovated, fully furnished top‑floor 2‑bedroom, 2‑bath condo in a condominium community built in 2008
- More than 1,200 sq ft with a split‑bedroom layout and crown molding, upgraded lighting, and modern hardware
- Kitchen features 42‑inch white cabinetry and stainless steel appliances; luxury vinyl plank flooring flows throughout
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
$15,387
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
7.16%
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%
$307,740
$307.7K
Cap Rate 7%
$219,814
$219.8K
Cap Rate 9%
$170,967
$171.0K
Market Conditions
NOI Build-Up for 1,253 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
$29.9K $23.88/SF
− Vacancy
−$1.9K −$1.55/SF
EGI
$28.0K $22.33/SF
− OpEx
−$12.6K −$10.05/SF
NOI
$15.4K $12.28/SF
Area
Orange County, FL
Vacancy
6.50%
Lease Rate
$23.88 /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%
$307,740
Cap Rate 7%
$219,814
Cap Rate 9%
$170,967
Alternative Uses
Best Use
Apartment 5plus
$219.8K
$192.3K – $256.5K
NOI $15,387 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,960 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 34787, FL
88,636
Population
33,141
Households
2.7
Avg Household Size
36
Median Age
49%
College-Educated
94%
High-School Grad
67.3 sq mi
ZIP Area
1,317
Density / Sq Mi
$114,988
Median Household Income
$53,995
Median Earnings
$1,994
Median Rent
$475,000
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 - Professionally renovated, fully furnished top-floor 2BR/2BA condo with elevator access and a screened balcony.
Where is this short term rental property located?
The property is located at 14200 AVALON 409 Winter Garden, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Professionally renovated, fully furnished top‑floor 2‑bedroom, 2‑bath condo in a condominium community built in 2008; More than 1,200 sq ft with a split‑bedroom layout and crown molding, upgraded lighting, and modern hardware; Kitchen features 42‑inch white cabinetry and stainless steel appliances; luxury vinyl plank flooring flows throughout
