$1,040,000
$110K PRICE DROP

Estimated payment $7,254/month

Total Views 4,537
10 Beds
5 Baths
4,289 Sq Ft
$242 Price per Sq Ft

Highlights

  • Fitness Center
  • Clubhouse
  • Furnished
  • In Ground Pool
  • Loft
  • Tennis Courts

About This Home

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!

Listing Agent

Jessiane Beauchesne

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3481309 Listed on: 10/18/2024

EXP REALTY LLC

Co-Listing Agent

Veronica Figueroa

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3012144

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,092

Year Built

  • Built in 2021

Lot Details

  • 6,098 Sq Ft Lot
  • Southwest Facing Home
  • Property is zoned SHORT TERM

HOA Fees

  • $507 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,289 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Room
  • Loft

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Screened Patio

Schools

  • Floral Ridge Elementary School
  • Kissimmee Middle School
  • Celebration High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, common area taxes, pool, escrow reserves fund, internet, ground maintenance, management, private road, recreational facilities, security, sewer, trash
  • The Cove Resort At Storey Lake Community Assoc Association, Phone Number (407) 787-8702
  • Cove At Storey Lake Iii Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,092

Year Built

Built in 2021

Lot Details

0

HOA Fees

$507 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Internet, Maintenance Grounds, Management, Private Road, Recreational Facilities, Security, Sewer, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 4289
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 2021
  • Building Area Total: 4707
  • Lot Size Sq Ft: 6098
  • Directions to Property: Take 535 South to Osceola Parkway East or travel 2.5 miles West of the Loop if traveling on Osceola Parkway. Community is just East of 535 on Osceola Parkway
  • Status: Active
  • Co List Office Mls Id: MFR261016756
  • Co List Office Phone: 888-883-8509
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Winter Park
  • Escrow Postal Code: 32817
  • Escrow State: FL
  • Escrow Street Name: W. Morse Boulevard 110
  • Escrow Street Number: 1065
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 242.48
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 5
  • Interior Amenities: Other
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 10
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Street Number Modifier: 2816
  • Living Area Meters: 398.46
  • Room Count: 15

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: In Ground
  • Exterior Features: Other
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Patio, Screened
  • Road Surface Type: Other
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2013-06-18
  • Flood Zone Panel: 12097C0055G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Other
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Other
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated Community - Guard, Park, Playground, Pool, Sidewalks, Tennis Court(s)
  • Association Fee: 507
  • Association Fee Frequency: Monthly
  • Association Name: The Cove Resort at Storey Lake Community Assoc
  • Phone: (407) 787-8702
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Association Email: fgumbs@theiconteam.com

Fee Information

  • Total Annual Fees: 6084.00
  • Total Monthly Fees: 507.00
  • Monthly HOA Amount: 507.00

Schools

  • Elementary School: Floral Ridge Elementary
  • High School: Celebration High
  • Middle Or Junior School: Kissimmee Middle

Lot Info

  • Zoning: SHORT TERM
  • Parcel Number: 07-25-29-5097-0001-0050
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 567

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Please verify with HOA

Tax Info

  • Tax Annual Amount: 13092.11
  • Tax Block: x
  • Tax Book Number: 28-166-171
  • Tax Lot: 5
  • Tax Other Annual Assessment Amount: 2281

Multi Family

  • Approval Process: Please verify with HOA

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,092 $783,400 $125,000 $658,400
2023 $13,092 $750,400 $115,000 $635,400
2022 $10,943 $603,300 $50,000 $553,300
2021 $2,920 $45,000 $45,000 $0
2020 $1,035 $40,000 $40,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 Price Changed $1,040,000 -1.0% $242 / Sq Ft
06/25/2025 06/25/25 Price Changed $1,050,000 0.0% $245 / Sq Ft
06/25/2025 06/25/25 For Sale $1,050,000 -7.1% $245 / Sq Ft
06/14/2025 06/14/25 Off Market $1,130,000 -- --
01/18/2025 01/18/25 Price Changed $1,130,000 -0.9% $263 / Sq Ft
12/05/2024 12/05/24 Price Changed $1,140,000 -0.9% $266 / Sq Ft
10/18/2024 10/18/24 For Sale $1,150,000 -- $268 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Quit Claim Deed $1,060,000 Express Title & Closing
Special Warranty Deed $733,600 New Title Company Name
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $677,000 New Conventional
Previous Owner $648,050 New Conventional
Source: Public Records

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Source: Stellar MLS

MLS Number: O6249836

Stellar MLS

APN: 07-25-29-5097-0001-0050