Gated Community Triplex
4012 SANTA MARIA DRIVE Kissimmee, FL 34741
4012 SANTA MARIA DRIVE, Kissimmee, FL, 34741
$440,000
For Sale
$440,000
Triplex - KISSIMMEE, FL
Property Size1,470 SF
Lot Size0.13 Acres
Price / SF$299.32
Days on Market180
Property Features for 4012 SANTA MARIA DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- KSRP
- Bedrooms
- 7
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Pets allowed
- Breed Restrictions
- Interior features
- Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-in Closet(s), Window Treatments
- Exterior features
- Basketball Court, French Doors, Playground, Private Entrance, Sidewalk, Sliding Doors, Tennis Court(s)
- Standard status
- Active
- APN
- 18-25-29-2281-0013-1070
- Size
- 1,470 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3968
- Expense value
- 497
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water front features
- Pond, Waterfront
- Water front
- 1
Building Details
- Year built
- 2003
- Number of units
- 5
- Building materials
- Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Tennis Court(s)
Listing Agency
RE/MAX PRIME PROPERTIES
(407) 347-4512
311 S Main St, Winter Garden, FL
Listed by
Michael Danganan · License #3299499
(321) 230-4500
Added: Jan 19 Checked: Jul 18 at 5:06 pm
MLS# S5142104
Listing URL
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 triplex condo offers four bedrooms and three bathrooms. Located within the Venetian Bay community, the property is set up for short-term rental flexibility, with public remarks indicating that rentals are allowed and that owners may live in one unit while renting out the other.
The community is described as private and gated, with access to a range of on-site amenities. Residents can use a hot tub, four swimming pools, a spacious clubhouse, barbecue and picnic facilities, and a fitness center. The location is also presented as convenient to major regional roadways, with I-4 and Florida’s Turnpike both reachable within a short drive.
For buyers evaluating a residential income strategy, the stated rental allowance and the option to occupy one unit while renting others can support different ownership approaches. The resort-style amenity package may also appeal to tenants seeking a vacation-oriented environment, while the proximity to key highways can be a practical factor for guests traveling in and out of the Orlando area.
The community is described as private and gated, with access to a range of on-site amenities. Residents can use a hot tub, four swimming pools, a spacious clubhouse, barbecue and picnic facilities, and a fitness center. The location is also presented as convenient to major regional roadways, with I-4 and Florida’s Turnpike both reachable within a short drive.
For buyers evaluating a residential income strategy, the stated rental allowance and the option to occupy one unit while renting others can support different ownership approaches. The resort-style amenity package may also appeal to tenants seeking a vacation-oriented environment, while the proximity to key highways can be a practical factor for guests traveling in and out of the Orlando area.
Key Highlights
- 4‑bedroom, 3‑bath condo in the Venetian Bay community (year built 2003).
- Central heating and central air conditioning.
- Solid wood cabinets and solid surface counters.
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 | $27.0k | $18.36 |
| − Vacancy | −$1.7k | −$1.14 |
| EGI | $25.3k | $17.22 |
| − OpEx | −$11.4k | −$7.75 |
| NOI | $13.9k | $9.47 |
1,470 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$198.9K
$174.1K – $232.1K
NOI $13,924 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.3K
$309.1K – $412.1K
NOI $24,728 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Condo in a gated Venetian Bay community with resort-style amenities and flexibility for short-term rental use.
Where is this short term rental property located?
The property is located at 4012 SANTA MARIA DRIVE Kissimmee, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 4‑bedroom, 3‑bath condo in the Venetian Bay community (year built 2003).; Central heating and central air conditioning.; Solid wood cabinets and solid surface counters.
