Furnished Short-Term Rental
New
For Sale
$325,000
7593 GATHERING DRIVE #706, Kissimmee, FL 34747
Fully furnished condo with split bedrooms, private balcony, and access to Reunion Grande resort amenities.
Property Size1,430 SF
Price / SF$227.27
Days on Market5
Property Features for 7593 GATHERING DRIVE #706
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
valet parking
concierge service
on-site dining
Starbucks coffee and gift shop
7593 Chophouse
sushi bar
rooftop restaurant and pool
golf courses
resort pools
fitness center
water park
1.04 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 35-25-27-4879-0001-7090, Public Survey Range: 27E, Public Survey Section: 35, Annual Amount: $6,480.18, Tax Block: 1, Tax Book Number: 11/38-44, Legal Description: REUNION GRANDE CONDOMINIUM CB 11 PG 38-44 OR 3379/1026 UNIT 709, Lot: x, Other Annual Assessment: 1878, Year: 2025, Zoning: OPD
Luxury Vinyl, Tile
Central Air
Central
Inside, Laundry Closet
Listing ID: MFRO6432143, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-08-10, Special Conditions: None
2 total bedrooms
Built in 2007, Living area: 1430, Living area units: Square Feet, Building faces North, 1 storey, Levels: One, Construction Materials: Block
Subdivision: REUNION GRANDE CONDO, MLS Area (Major): 34747 - Kissimmee/Celebration, County/Parish: Osceola
Golf Course
2 total bathrooms, 2 full bathrooms
Clubhouse, Dog Park, Fitness Center, Gated Community - Guard, Golf Carts OK, Golf, Park, Playground, Pool, Restaurant, Sidewalks, Tennis Court(s), Wheelchair Access
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Allowed: Yes
Road Surface: Paved
Balcony
Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Window Treatments
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Association Fee: $1,617.78, Fee Frequency: Monthly, Fee Includes: Cable TV, Pool, Internet, Maintenance Structure, Pest Control, Sewer, Trash, Water, Amenities: Clubhouse, Fitness Center, Gated, Golf Course, Park, Pickleball Court(s), Playground, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Tennis Court(s), Wheelchair Access
Building Details
Year Built
2007
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Brian Batiz Salazar · License #3510648
Source:
Miharaandassociates
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 13 at 5:34AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
Unit #706 is a fully furnished 2-bedroom, 2-bath condominium within Reunion Grande. The 1,430-square-foot residence occupies the 7th floor and features an open arrangement joining the kitchen, dining area, and living room. A split-bedroom plan separates the sleeping areas, while the private balcony provides east-facing exposure and resort views. Built in 2007, the home is positioned for use as a primary residence, second home, vacation retreat, or short-term rental.
Reunion Grande provides valet parking, front desk concierge service, on-site dining, Starbucks, a gift shop, 7593 Chophouse, a sushi bar, and an 11th-floor rooftop restaurant and pool. Reunion Resort spans approximately 2,300 acres and includes three championship golf courses, resort pools, fitness and recreation facilities, and a water park. The property is approximately 6 miles from Walt Disney World, with access to Orlando attractions and major highways.
Reunion Grande provides valet parking, front desk concierge service, on-site dining, Starbucks, a gift shop, 7593 Chophouse, a sushi bar, and an 11th-floor rooftop restaurant and pool. Reunion Resort spans approximately 2,300 acres and includes three championship golf courses, resort pools, fitness and recreation facilities, and a water park. The property is approximately 6 miles from Walt Disney World, with access to Orlando attractions and major highways.
Key Highlights
- 1,430‑square‑foot, 2‑bedroom, 2‑bath condo in Reunion Grande
- 7th‑floor residence with east‑facing exposure and private balcony
- Fully furnished interior with open kitchen, dining, and living areas
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
$13,545
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
4.17%
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%
$270,900
$270.9K
Cap Rate 7%
$193,500
$193.5K
Cap Rate 9%
$150,500
$150.5K
Market Conditions
NOI Build-Up for 1,430 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
$26.3K $18.36/SF
− Vacancy
−$1.6K −$1.14/SF
EGI
$24.6K $17.22/SF
− OpEx
−$11.1K −$7.75/SF
NOI
$13.5K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$270,900
Cap Rate 7%
$193,500
Cap Rate 9%
$150,500
Alternative Uses
Best Use
Apartment 5plus
$193.5K
$169.3K – $225.8K
NOI $13,545 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.6K
$300.7K – $400.9K
NOI $24,055 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished condo with split bedrooms, private balcony, and access to Reunion Grande resort amenities.
Where is this short term rental property located?
The property is located at 7593 GATHERING DRIVE #706 Kissimmee, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,430‑square‑foot, 2‑bedroom, 2‑bath condo in Reunion Grande; 7th‑floor residence with east‑facing exposure and private balcony; Fully furnished interior with open kitchen, dining, and living areas
