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Short-Term Rental Penthouse
New
For Sale
$289,000

7656 WHISPER WAY #402, Kissimmee, FL 34747

Furnished fourth-floor residence with three ensuite bedrooms and an active Gold Reunion membership that can transfer at closing.

Property Size1,630 SF
Price / SF$177.30
Days on Market5

Property Features for 7656 WHISPER WAY #402

General Information

Standard status Active
Size 1,630 SF
Elevators Yes
Property subtype Condo - Hotel

Units

Unit Mix 1 x 3BR/3BA
Multifamily Units 1

Additional Details

Furnished Yes
Utilities to Site Yes

Amenities

elevator
gated community

Building Details

Year Built 2006
Listing Agency: CHAMPIONSGATE REALTY
Listed By: Amy Prill · License #3611427
Source: Endlesssummerrealty
Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:45PM

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 CHAMPIONSGATE REALTY

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Investment Insights

Based on property information with market context.

This 1,630-square-foot, fourth-floor penthouse at Villas at Reunion Square has three bedrooms, each with an ensuite bathroom. The home is fully furnished and includes California Closets in all three bedrooms. Recent interior work added laminate flooring in the foyer, kitchen, family room, and bathrooms, along with new bedroom carpet. A balcony faces south toward a wooded view. The property was built in 2006, and short-term rentals are allowed.

Located within the guard-gated Reunion Resort community, the residence is a short walk from Reunion Water Park and minutes from dining, shopping, and major theme parks. An active Gold Reunion membership may transfer at closing; access for owners and guests through a preferred manager includes the water park, resort pools, golf, tennis, and dining. HOA coverage includes water, sewer, trash, cable, internet, exterior maintenance, and elevator service. Master insurance covers the building exterior, leaving the owner responsible for the home's interior.

Key Highlights

  • 1,630‑square‑foot fourth‑floor residence with three ensuite bedrooms
  • Fully furnished; California Closets in all three bedrooms
  • Active Gold Reunion membership can transfer at closing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$20,017
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,340 $400.3K
Cap Rate 7%
$285,957 $286.0K
Cap Rate 9%
$222,411 $222.4K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$38.9K $23.88/SF
− Vacancy
−$2.5K −$1.55/SF
EGI
$36.4K $22.33/SF
− OpEx
−$16.4K −$10.05/SF
NOI
$20.0K $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%
$400,340
Cap Rate 7%
$285,957
Cap Rate 9%
$222,411

Alternative Uses

Best Use
Apartment 5plus
$286.0K
$250.2K – $333.6K (±1% cap)
NOI $20,017 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$504.0K
$441.0K – $588.0K (±1% cap)
NOI $35,281 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

1
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby

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 - Furnished fourth-floor residence with three ensuite bedrooms and an active Gold Reunion membership that can transfer at closing.
Where is this short term rental property located?
The property is located at 7656 WHISPER WAY #402 Kissimmee, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,630‑square‑foot fourth‑floor residence with three ensuite bedrooms; Fully furnished; California Closets in all three bedrooms; Active Gold Reunion membership can transfer at closing
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