Welcome to 2816 Simile St, Kissimmee, FL 34746—an extraordinary 10-bedroom, 5-bathroom residence located in the prestigious Cove at Storey Lake community. This home offers a fantastic opportunity for investors, being a successful short-term rental property with excellent income potential. Situated in one of the newest sections of Storey Lake Resort, this property is turn-key ready for short-term rentals from day one.
This impressive home boasts over 4, 700 square feet of living space, providing ample room for large groups. The layout includes multiple bedrooms, built-in closets, and an open loft area perfect for relaxation or entertainment. Featuring a large solar electricity system with two Tesla Powerwalls valued at $75, 000, this home significantly reduces monthly electricity bills. The home also comes equipped with smart TVs in every room, a cellular phone signal booster system, and upgraded kitchen appliances, including under-cabinet lighting and a vented stove, a unique feature not found in other Storey Lake homes.
The themed rooms bring the magic of Harry Potter and Star Wars to life, while a dedicated movie theater room offers an immersive cinematic experience. The home also includes two computer workstations, making it ideal for guests who need to work remotely during their stay. The expansive screened lanai area features a patio with solar string lights, an outdoor ceiling fan, and is perfect for hosting gatherings around the private pool. The space is ideal for relaxing after a day at the nearby theme parks or enjoying Florida’s warm weather.
This home is equipped with a second clothes dryer on the ground floor, allowing for efficient housekeeping between bookings, especially during back-to-back rentals. Security features include Blink cameras, a Ring alarm system, and a Ring doorbell for peace of mind.
Storey Lake Resort is known for its top-notch amenities, which include a clubhouse, fitness center, multiple pools, tennis courts, and a 24-hour guarded gate. The HOA fee covers daily trash pickup, all exterior landscaping, high-speed internet with Spectrum, and streaming services like Disney+. Residents and guests also benefit from being near major attractions, shopping, and dining options in Kissimmee and Orlando.
Whether you're looking for a fantastic investment property with a proven revenue stream or a luxurious vacation home, 2816 Simile St delivers on all fronts. This is a rare opportunity to own a home in the sought-after Storey Lake community, fully furnished and ready to generate income from day one. Don’t miss out—schedule your private showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $1,091 | $1,091 | $1,091 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,891 | $5,967 | $8,078 |
Total Monthly Payment | $7,107 | $7,183 | $9,294 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.