Townhome in Gated Resort
8987 SHINE DRIVE Kissimmee, FL 34747
8987 SHINE DRIVE, Kissimmee, FL, 34747
$305,000
For Sale
$305,000
Furnished townhome in resort-style community near Disney World.
Property Size1,300 SF
Lot Size0.02 Acres
Price / SF$234.62
Days on Market559
Property Features for 8987 SHINE DRIVE
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Lot size
- 0.02 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2017
Listing agency
GRAND REALTY
(305) 931-7878
Listed by
Eduardo Funes · License #3016927
(305) 931-7878
Source
Exitrealty
Added: Jan 8, 2025 Updated: Jul 6 at 12:15PM Checked: Jul 21 at 6:23AM
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 GRAND REALTY
Investment Insights
Based on property information with market context.
This townhome is located within a gated, resort-style community. The property is situated on W. Irlo Bronson Memorial Hwy in Osceola County, within the Osceola County Public School District. It is located approximately 10 minutes from the Disney World Resort area and less than 5 minutes from Margaritaville Resort & Water Park. Orlando Premium Outlets are about a 15-minute drive away, and Universal Studios is approximately 20 minutes away. Health centers, fine dining, and shopping options are available within a 10-minute drive. The property offers convenient access to the Florida Turnpike and I-4. Community amenities include a heated swimming pool and spa, a clubhouse, a kid's playroom, a fitness center, a business center, playgrounds, and BBQ areas. The unit is fully furnished and equipped and has a size of 1300 square feet.
Key Highlights
- Fully furnished and equipped, move‑in ready townhome.
- Gated, resort‑style community with heated pool & spa, clubhouse, fitness center, and playgrounds.
- Convenient location near Disney World (10 minutes).
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 | $23.9k | $18.36 |
| − Vacancy | −$1.5k | −$1.14 |
| EGI | $22.4k | $17.22 |
| − OpEx | −$10.1k | −$7.75 |
| NOI | $12.3k | $9.47 |
1,300 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.4K
$273.4K – $364.5K
NOI $21,868 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Furnished townhome in resort-style community near Disney World.
Where is this residential income property located?
The property is located at 8987 SHINE DRIVE Kissimmee, FL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Fully furnished and equipped, move‑in ready townhome.; Gated, resort‑style community with heated pool & spa, clubhouse, fitness center, and playgrounds.; Convenient location near Disney World (10 minutes).
