Upgraded Duplex in Guard-Gated
For Sale
$400,000
15819 GEM VIEW Street, Winter Garden, FL 34787
Residential, WINTER GARDEN, FL
Property Size1,574 SF
Lot Size0.09 Acres
Price / SF$254.13
Days on Market14
Property Features for 15819 GEM VIEW Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
P-D
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Bathroom 2, Bedroom 1, Bedroom 2, Dining Room, Bathroom 1, Bonus Room, Laundry Room
Parking features
Driveway, Open
Window features
Blinds, Double Pane Windows
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s)
Exterior features
Sidewalk
Appliances
Dishwasher, Disposal, Microwave, Range, Tankless Water Heater
Subdivision
DEL WEBB OASIS PH 3
Directions
From SR-429, travel west on Western Way for appox 0.1 mile. Use the left 2 lanes to turn left onto Flamingo Crossings Blvd/Hartzog Rd. Travel 1.5 miles and turn left onto Sun Haven Way. Travel 0.1 mile and turn right onto Sunny Retreat Lane. Travel to Orchard Garden Street and turn right. Travel to Princess Street and turn right. Travel north to Gem View Street and turn right. The home will be on the left.
Standard status
Active
APN
29-24-27-1952-02-200
Size
1,574 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DEL WEBB OASIS PHASE 3 112/115 LOT 220
Tax Annual Amount
7371
Legal Description
DEL WEBB OASIS PHASE 3 112/115 LOT 220
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
clubhouse
resort-style pool
fitness center
covered paver lanai
guard-gated
Building Details
Year built
2024
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Jeffrey Funk, PA · License #674496
(407) 285-9672
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 8:06PM
MLS# O6434476
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,574-square-foot duplex in Winter Garden was built in 2024 and has been used as a personal vacation residence. The interior includes 10-foot ceilings, 8-foot doors, luxury vinyl plank flooring, porcelain tile bathrooms, recessed LED lighting, and upgraded fixtures. Its kitchen features 42-inch soft-close cabinetry, quartz countertops, a subway tile backsplash, and a gas range. A primary bathroom with a glass-enclosed step-in shower, open living areas, a bonus room, laundry room, and two-car garage add practical functionality. Additional improvements include a Nest thermostat, tankless water heater, gutters, and a paver driveway.
The property is within Del Webb Oasis, a guard-gated 55+ community with a clubhouse, resort-style pool, fitness facilities, and recreation amenities. Walt Disney World, shopping, dining, and entertainment are minutes away. The home also includes a covered paver lanai with gas and water connections for a future summer kitchen, while exterior maintenance is handled through the community.
The property is within Del Webb Oasis, a guard-gated 55+ community with a clubhouse, resort-style pool, fitness facilities, and recreation amenities. Walt Disney World, shopping, dining, and entertainment are minutes away. The home also includes a covered paver lanai with gas and water connections for a future summer kitchen, while exterior maintenance is handled through the community.
Key Highlights
- 1,574 square feet on a 0.09‑acre lot
- Built in 2024 with 10‑foot ceilings and 8‑foot doors
- 42‑inch cabinetry, quartz counters, subway tile backsplash, and gas range
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
$20,993
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
5.25%
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%
$419,860
$419.9K
Cap Rate 7%
$299,900
$299.9K
Cap Rate 9%
$233,256
$233.3K
Market Conditions
NOI Build-Up for 1,574 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
$32.1K $20.40/SF
− Vacancy
−$2.1K −$1.35/SF
EGI
$30.0K $19.05/SF
− OpEx
−$9.0K −$5.72/SF
NOI
$21.0K $13.34/SF
Area
Orange County, FL
Vacancy
6.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$419,860
Cap Rate 7%
$299,900
Cap Rate 9%
$233,256
Alternative Uses
Best Use
Multifamily LT 5
$299.9K
$262.4K – $349.9K
NOI $20,993 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.2K
NOI $19,329 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$447.9K
$391.9K – $522.6K
NOI $31,354 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34
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?
Duplex - Low-maintenance duplex with refined finishes, a covered lanai, and access to resort-style amenities in a 55+ community.
Where is this duplex located?
The property is located at 15819 GEM VIEW Street Winter Garden, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1,574 square feet on a 0.09‑acre lot; Built in 2024 with 10‑foot ceilings and 8‑foot doors; 42‑inch cabinetry, quartz counters, subway tile backsplash, and gas range
