Building Details

Building Size 1,430 SF

Year Built 2007

Listing Agency: REAL BROKER, LLC

Listed By: Mark Sayad · License #619776 Show Phone

Source: Shawsignature

Added: Feb 10 Changed: Oct 31 Last Checked: Oct 31 at 2:34PM

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Investment Insights

Based on property information with market context.

This 1,430-square-foot condo occupies the 10th floor at Reunion Resort and was built in 2007. The furnished residence is enrolled in the Reunion rental program, and its membership is transferable. The program allows owner use alongside rental activity. Views look out over the golf driving range and toward Disney.

A rooftop pool, three restaurants, and a coffee shop are located in the building. The Palmer/Watson clubhouse and a fitness center at Seven Eagles are within walking distance.

Key Highlights

• Furnished 1,430‑square‑foot condo on the 10th floor
• Built in 2007
• Participates in the Reunion rental program

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,561

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$351,220 $351.2K

Cap Rate 7%

$250,871 $250.9K

Cap Rate 9%

$195,122 $195.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,430 SF

Gross rent

$34.1K $23.88/SF

− Vacancy

−$2.2K −$1.55/SF

EGI

$31.9K $22.33/SF

− OpEx

−$14.4K −$10.05/SF

NOI

$17.6K $12.28/SF

Area

Osceola 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%

$351,220

Cap Rate 7%

$250,871

Cap Rate 9%

$195,122

Alternative Uses

Best Use

Apartment 5plus

$250.9K

$219.5K – $292.7K (±1% cap)

NOI $17,561 @ 7.0% cap · market cap 4.56%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$442.2K

$386.9K – $515.9K (±1% cap)

NOI $30,952 @ 7.0% cap · market cap 8.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

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Demographics for 34747, FL

26,560

Population

22,016

Households

1.2

Avg Household Size

38

Median Age

48%

College-Educated

96%

High-School Grad

43.4 sq mi

ZIP Area

612

Density / Sq Mi

$83,141

Median Household Income

$41,932

Median Earnings

$1,812

Median Rent

$455,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Short term rental property - The furnished residence participates in Reunion’s rental program and includes a transferable membership.

Where is this short term rental property located?

The property is located at 7593 GATHERING DR #1005 Reunion, FL.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Furnished 1,430‑square‑foot condo on the 10th floor; Built in 2007; Participates in the Reunion rental program