291 Falls DRIVE, Kissimmee, FL, 34747 | $1,200,000

TURNKEY INCOME-PRODUCING SHORT-TERM RENTAL HOME! The best-priced 11-bedroom home in the community, with OVER $100, 000 in earnings in 2024 so far and future bookings ready to transfer! This fully furnished 11-bedroom, 10. 5-bathroom luxury home is located in the highly desirable Encore Resort at Reunion, offering over 5, 400 square feet of living space that comfortably accommodates up to 22 guests. Perfect as an investment opportunity or a family getaway, this property is designed for both comfort and entertainment. The home features two uniquely themed bedrooms inspired by Mickey Mouse and Pirates of the Caribbean, along with a private theater room equipped with a 130-inch screen and 10 reclining chairs, creating an unmatched entertainment experience. The chef’s kitchen is fully equipped for large gatherings, with two refrigerators, two ovens, and two dishwashers for ultimate convenience. Additional entertainment options include a game room featuring a pool table, arcade games, air hockey, and table tennis, while the spacious open-concept living and dining areas provide the perfect space for gathering and relaxation. Step outside to an impressive outdoor living area, complete with a heated pool with spillover spa, lounge seating, and a covered patio perfect for al fresco dining or soaking up the Florida sunshine. As part of Encore Resort, homeowners and guests enjoy access to world-class amenities, including a clubhouse, award-winning water park, full-service spa, modern fitness center, sports courts, playgrounds, and on-site dining options. The HOA covers 24-hour gated security, trash service, and concierge services for added convenience. Located just 5. 1 miles from Walt Disney World and close to Universal Studios, SeaWorld, and premium shopping destinations, this home offers unparalleled access to Orlando’s top attractions. Whether you’re seeking a high-performing rental property or a luxurious personal retreat, this property truly has it all.

Features

  • Rooms: 15
  • Bedrooms: 11
  • Baths: 10 full / 3 half
  • Laundry: Inside, Laundry Room
  • Year Built: 2017
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 5,496
  • Acreage: 0.23
  • Est. Taxes: $16,599
  • HOA Fee: $944 Monthly
  • Elem. School: Westside Elem
  • Middle School: West Side
  • High School: Poinciana High School
  • Pool: In Ground
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: G5089285
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/G5089285/291fallsdrive_kissimmee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/18/2024 1:33:37 PM)
Listing courtesy of EXP Realty LLC   Phone: 888-883-8509

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

291 Falls DRIVE, Kissimmee, FL, 34747

$1,200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.606% 6.622% 6.680%
Monthly Tax Payment $1,383 $1,383 $1,383
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,227 $6,068 $8,363
Total Monthly Payment $7,735 $7,576 $9,871

* 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.