Renovated Condo Near Disney
2300 BUTTERFLY PALM WAY 205 Kissimmee, FL 34747
2300 BUTTERFLY PALM WAY 205, Kissimmee, FL, 34747
$252,250
For Sale
$252,250
Turnkey condo with new appliances and resort-style amenities.
Property Size1,402 SF
Lot Size0.34 Acres
Price / SF$179.92
Days on Market553
Property Features for 2300 BUTTERFLY PALM WAY 205
General Information
- Standard status
- Active
- Size
- 1,402 SF
- Lot size
- 0.34 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency
ZEMBALA GROUP
(407) 234-9744
Listed by
Dave Zembala PA · License #3235099
(407) 234-9744
Source
Exitrealty
Added: Jan 10, 2025 Checked: Jul 17 at 4:35 am
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 ZEMBALA GROUP
Investment Insights
Based on property information with market context.
This renovated unit, the largest floor plan in Wyndham Palms, features expansive bedroom sizes, including a primary and an even larger secondary bedroom, as well as an expanded living room layout. The unit includes new Luxury Vinyl Plank flooring. The kitchen has been completely redone with new stainless steel appliances and cabinetry. The dryer has been replaced, and new televisions have been installed. The air conditioning system is serviced quarterly, and fresh interior paint has been completed recently. The furnishings have been replaced within the last couple of years. Cable, internet, water, and valet trash services are included in the HOA fee. Wyndham Palms is located close to Disney parks. The community features landscaping and a clubhouse. The community has a 24-hour guarded gate. Amenities include a 64-person theater, game room, fitness center, tiki bar and poolside grill, splash pad, hot tubs, a resort-style pool, playground, beach volleyball court, tennis court, and basketball courts. The property can be used as a short-term rental, long-term rental, or primary residence. The property is centrally located near Disney and Universal parks. The property size is 1402 square feet.
Key Highlights
- Renovated and priced below recent sales comps, offering immediate value.
- Largest floor plan in Wyndham Palms with expansive bedrooms and living room.
- Turnkey property with new LVP flooring, kitchen, stainless steel appliances, cabinetry, dryer, TVs, and recent paint.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $18.36 |
| − Vacancy | −$1.6k | −$1.14 |
| EGI | $24.1k | $17.22 |
| − OpEx | −$10.9k | −$7.75 |
| NOI | $13.3k | $9.47 |
1,402 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$189.7K
$166.0K – $221.3K
NOI $13,280 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.9K
$294.8K – $393.1K
NOI $23,584 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ariel's Oasis
Vacation Rental
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Turnkey condo with new appliances and resort-style amenities.
Where is this short term rental property located?
The property is located at 2300 BUTTERFLY PALM WAY 205 Kissimmee, FL.
What is the asking price?
The asking price for this property is $252,250.
What are key features of this property?
This property features: Renovated and priced below recent sales comps, offering immediate value.; Largest floor plan in Wyndham Palms with expansive bedrooms and living room.; Turnkey property with new LVP flooring, kitchen, stainless steel appliances, cabinetry, dryer, TVs, and recent paint.
