Studio Condo at Grove
For Sale
$150,000
15695 GROVE RESORT Ave 4417, Winter Garden, FL 34787
Studio condo with water park access near Disney World.
Property Size350 SF
Days on Market315
Property Features for 15695 GROVE RESORT Ave 4417
General Information
Standard status
Active
Size
350 SF
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$2,024
Building Details
Building Size
350 SF
Year Built
2024
Listed By:
Linda Levine
(305) 761-5465
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 7 at 12:40PM
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 Linda Levine
Investment Insights
Based on property information with market context.
This studio condo is located within The Terraces at the Grove Resort & Water Park. The property features amenities including a surfing water park, wave pool, fitness studio, mini market, and a secluded infinity pool with a poolside bar. Additional amenities include a fitness center, park playground, racquet ball, tennis courts, fishing, and a private boat ramp. The property is located minutes from shopping, restaurants, and golfing. Disney World is located minutes away. The property can be used as a vacation resort or vacation rental.
Key Highlights
- Access to Surfing Water Park and Wave Pool
- Located within The Terraces at the Grove Resort & Water Park
- Minutes from Disney World
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,298
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$85,960
$86.0K
Cap Rate 7%
$61,400
$61.4K
Cap Rate 9%
$47,756
$47.8K
Market Conditions
NOI Build-Up for 350 SF
Gross rent
$8.4K $23.88/SF
− Vacancy
−$543 −$1.55/SF
EGI
$7.8K $22.33/SF
− OpEx
−$3.5K −$10.05/SF
NOI
$4.3K $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 Rate 5%
$85,960
Cap Rate 7%
$61,400
Cap Rate 9%
$47,756
Alternative Uses
Best Use
Apartment 5plus
$61.4K
$53.7K – $71.6K
NOI $4,298 @ 7.0% cap · market cap 2.87%
Second Best
Hotel Hospitality
$38.5K
$33.7K – $44.9K
NOI $2,693 @ 7.0% cap · market cap 1.80%
Theoretical Best
Office A
$99.6K
$87.2K – $116.2K
NOI $6,972 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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?
Resort - Studio condo with water park access near Disney World.
Where is this resort located?
The property is located at 15695 GROVE RESORT Ave 4417 Winter Garden, FL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Access to Surfing Water Park and Wave Pool; Located within The Terraces at the Grove Resort & Water Park; Minutes from Disney World
