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1582 Mermaid Cove Way
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PRICED AT ONLY: $990,000

Address: 1582 Mermaid Cove Way, KISSIMMEE, FL 34747

Description

TURNKEY INCOME PRODUCING SHORT TERM RENTAL HOME! One of the biggest lots in Solara Resort, near 9100 sqft (0.21 acres)! This property generated approximately $130,000 in gross rental income in 2023, presenting a lucrative opportunity for investors looking to capitalize on the thriving rental market in the area! Discover the allure of this magnificent 9 bedroom, 6.5 bathroom property nestled in the highly desirable Solara Resort community. Boasting an enviable location on a spacious lot with water views and no rear neighbors, this home offers both privacy and tranquility. You will be wowed when you walk in to this house! Step inside to find a beautifully appointed interior adorned with themed and custom furnishings, making it a sought after choice for rentals with impressive occupancy rates and daily rates. The expansive living room welcomes you with its soaring ceilings and ample natural light streaming through large windows. The seamless open floor plan effortlessly connects the living room to the dining area and kitchen, creating an ideal space for hosting gatherings. The kitchen is a chef's dream, featuring modern appliances, granite countertops, and abundant storage space. The sizable island with a breakfast bar is perfect for enjoying morning coffee or engaging with guests while preparing meals. The primary bedroom, conveniently located on the first floor, boasts a walk in closet and an en suite bathroom with dual sinks, a soaking tub, and a separate shower. Upstairs, you'll find eight additional bedrooms, five bathrooms, and a spacious loft converted into a media room, providing ample room for family and guests. The converted two car garage offers a game room, providing endless entertainment options for guests. The backyard oasis, with its water views and lack of rear neighbors, offers a serene retreat with unparalleled privacy. Solara Resort offers an array of amenities, including a state of the art clubhouse with a full service restaurant, ice cream parlor, and coffee bar. Fitness enthusiasts will appreciate the gym, while outdoor enthusiasts can enjoy basketball, beach volleyball, and soccer facilities. The zero entry pool, surrounded by cabanas, a poolside tiki bar, and a splash pad, promises endless hours of enjoyment. HOA fees cover Basic Cable & Internet, Landscaping Maintenance, Valet Trash Service, and Common Area Maintenance. Solara Resort, located just 8 miles from Walt Disney World and a short drive to Universal, SeaWorld, and International Drive, offers the perfect blend of convenience and luxury for vacation home or investment property buyers.

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  • MLS#: O6196198 ( Residential )
  • Street Address: 1582 Mermaid Cove Way
  • Viewed: 2
  • Price: $990,000
  • Price sqft: $190
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 5206
  • Bedrooms: 9
  • Total Baths: 7
  • Full Baths: 6
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 242

Description

TURNKEY INCOME PRODUCING SHORT TERM RENTAL HOME! One of the biggest lots in Solara Resort, near 9100 sqft (0.21 acres)! This property generated approximately $130,000 in gross rental income in 2023, presenting a lucrative opportunity for investors looking to capitalize on the thriving rental market in the area! Discover the allure of this magnificent 9 bedroom, 6.5 bathroom property nestled in the highly desirable Solara Resort community. Boasting an enviable location on a spacious lot with water views and no rear neighbors, this home offers both privacy and tranquility. You will be wowed when you walk in to this house! Step inside to find a beautifully appointed interior adorned with themed and custom furnishings, making it a sought after choice for rentals with impressive occupancy rates and daily rates. The expansive living room welcomes you with its soaring ceilings and ample natural light streaming through large windows. The seamless open floor plan effortlessly connects the living room to the dining area and kitchen, creating an ideal space for hosting gatherings. The kitchen is a chef's dream, featuring modern appliances, granite countertops, and abundant storage space. The sizable island with a breakfast bar is perfect for enjoying morning coffee or engaging with guests while preparing meals. The primary bedroom, conveniently located on the first floor, boasts a walk in closet and an en suite bathroom with dual sinks, a soaking tub, and a separate shower. Upstairs, you'll find eight additional bedrooms, five bathrooms, and a spacious loft converted into a media room, providing ample room for family and guests. The converted two car garage offers a game room, providing endless entertainment options for guests. The backyard oasis, with its water views and lack of rear neighbors, offers a serene retreat with unparalleled privacy. Solara Resort offers an array of amenities, including a state of the art clubhouse with a full service restaurant, ice cream parlor, and coffee bar. Fitness enthusiasts will appreciate the gym, while outdoor enthusiasts can enjoy basketball, beach volleyball, and soccer facilities. The zero entry pool, surrounded by cabanas, a poolside tiki bar, and a splash pad, promises endless hours of enjoyment. HOA fees cover Basic Cable & Internet, Landscaping Maintenance, Valet Trash Service, and Common Area Maintenance. Solara Resort, located just 8 miles from Walt Disney World and a short drive to Universal, SeaWorld, and International Drive, offers the perfect blend of convenience and luxury for vacation home or investment property buyers.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Irrigation System, Lighting, Sidewalk
  • Flooring: Tile
  • Living Area: 4363.00
  • Roof: Shingle
School Information
  • High School: Celebration High
  • Middle School: West Side
  • School Elementary: Westside Elem
Garage and Parking
  • Garage Spaces: 2.00
Eco-Communities
  • Pool Features: Heated, In Ground, Screen Enclosure
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Meter, Street Lights, Water Connected
Amenities
  • Association Amenities: Fitness Center, Gated, Playground, Pool, Recreation Facilities
Finance and Tax Information
  • Home Owners Association Fee Includes: Guard - 24 Hour, Cable TV, Pool, Internet, Maintenance Grounds, Trash
  • Home Owners Association Fee: 652.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Association Name: valerie Munhoz
  • Country: US
  • Furnished: Furnished
  • Interior Features: Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Thermostat, Walk-In Closet(s)
  • Legal Description: SOLARA RESORT VACATION VILLAS REPLAT PB 28 PGS 66-71 LOT 485
  • Levels: Two
  • Area Major: 34747 - Kissimmee/Celebration
  • Occupant Type: Vacant
  • Parcel Number: 18-25-27-4943-0001-4850
  • View: Trees/Woods, Water
Nearby Subdivisions
Celebration Island Village Ph    Centre Court Ridge Condo Ph 11   Championsgate   Eden Gardens Ph 1   Emerald Island   Emerald Island Resort   Emerald Island Resort Ph 04   Emerald Island Resort Ph 1   Emerald Island Resort Ph 3   Emerald Island Resort Ph 4   Emerald Island Resort Ph 5a   Emerald Island Resort Ph 5b   Emerald Island Resort Ph5b   Emerald Island Resort Phase Fo   Encore Reunion West   Encore At Reunion Reunion Reso   Encore Resort At Reunion   Formosa Gardens   Four Seasons At Orlando Pb 3b    Four Seasons At Orlando Ph 1   Four Seasons At Orlando Ph 2   Four Seasons At Orlando Ph 3c    Four Seasons At Orlando Ph 4b   Four Seasonsorlando Ph 2   Happy Trails   Happy Trls Un12 Unr   Indian Creek   Indian Creek Ph 1   Indian Creek Ph 4   Indian Creek Ph 5   Indian Creek Ph 6   Indian Crk Ph 05   Indian Ridge   Indian Ridge Unit 4   Indian Ridge Villas Ph 01   Indian Ridge Villas Ph 1   Indian Ridge Villas Ph 5   Lindfields   Lindfields Reserve Condo Ph 1   Margaritaville Rolling Oaks   Meridian At Secret Lake Condo   Meridian Palms Comm Condo   Murano At Westside   Murano At Westside Ph 2   Paradise Palms Residence Ph 3b   Paradise Palms Residence Ph 4   Paradise Palms Resort Ph   Paradise Palms Resort Ph 2   Paradise Palms Resort Ph 3a   Paradise Palms Resort Ph 3b   Paradise Palms Resort Ph 4   Parkway Palms Resort Maingate    Reunion Encore Club   Reunion Ph 02 Prcl 03   Reunion Ph 1 Parcel 1   Reunion Ph 2 Parcel 1 And 1a   Reunion Ph 2 Prcl 1 1a   Reunion Phase 2   Reunion Village Phase 4   Reunion Vlg Ph 3 Replat   Reunion West   Reunion West 17th 18th Fairw   Reunion West 17th 18th Fairwa   Reunion West Encore Resort   Reunion West Fairways 17 18   Reunion West Fairways 17 18 R   Reunion West Ph 1   Reunion West Ph 1 East   Reunion West Ph 1 West   Reunion West Ph 1 West Ament    Reunion West Ph 2 East   Reunion West Ph 2a West   Reunion West Ph 2b West   Reunion West Ph 3 West   Reunion West Ph 4   Rolling Hills Estates   Rolling Hills Rolling Hills Es   Rolling Oaks   Rolling Oaks Ph 5   Rolling Oaks Ph 6   Rolling Oaks Ph 6a   Rolling Oaks Ph 6b   Rolling Oaks Ph 7   Solara   Solara Phase 3   Solara Res Vacation Villas Rep   Solara Residence   Solara Residence Vacation Vill   Solara Resort   Solara Resort Vacation Villas    Sunset Lakes   Sunset Lakes Ph 01   Sunset Lakes Ph 03   Sunset Lakes Ph 1   Westside Calabria   Westside Parcel Etuscany   Westside Prcl D Calabria   Westside Prcl E Tuscany   Windsor At Westside   Windsor At Westside Ph 1   Windsor At Westside Ph 2   Windsor At Westside Ph 2a   Windsor At Westside Ph 2b   Windsor At Westside Ph 3a   Windsor At Westside Ph 3a Pb 2   Windsor At Westside Windsorwes   Windsor At Westsideph 3a   Windsor Hills   Windsor Hills Ph 03   Windsor Hills Ph 06   Windsor Hills Ph 1   Windsor Hills Ph 3   Windsor Hills Ph 5   Windsor Hills Ph 6   Windsor Hills Ph 9   Windsorwestside   Windsorwestside Ph 1   Windsorwestside Ph 2a   Windsorwestside Ph 2b   Windsorwestside Ph 3   Windsorwestside Ph2a   Windsorwestside Windsor At Wes   Windsorwestsideph 2a   Windsorwestsideph 2b   Windsorwestsideph 2b1   Windsorwestsideph 3a   Wyndham Palms Ph 01a   Wyndham Palms Ph 03   Wyndham Palms Ph 1a   Wyndham Palms Ph 1b   Wyndham Palms Ph 3  
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