Vista Cay Condo Deal $110K

Vista Cay condos Orlando has some great vacation condominiums – here’s a great 3-bedroom, 2-bathroom deal that’s bank owned! These condos can be rented for both long and short term.

Investment strategy

This 3-bedroom, 2-bath vacation condo is situated in the center of the highest-profile resort area of Orlando, Florida, adjacent to the newly expanded Orange County Convention Center and famed International Drive (“I-Drive”).

Due to its inclusion in Central Florida’s largest master-planned development (Universal Boulevard Planned Development), Vista Cay condo owners benefit from legislation that permits them to rent their condos as hotels while periodically enjoying their vacation home for personal stays.

Local property management is in place to market this holiday home as a vacation rental to offset carrying costs while the U.S. real estate market rebounds. Past sales for comparable properties peaked in the mid-$300s (Orange County Tax Record attached).

At $110,000, this property is priced below its replacement cost. As occupancy rates rise (from repeat renters) and excess inventory is absorbed, values will climb to close the gap between distressed prices and the cost to build.

You can download or read the material by clicking this link: Vista Cay.

4 Comments

  1. Interested in one of the larger 3 bedrooms (2000sf) overlooking the lake and close to the club house. Do you have any of those units? Thanks, Pastor Nick

  2. You should probably mention the extremely expensive monthly Condo Owners Fee at Vista Cay. Isn’t it somewhere over $1600/month? Most other Orlando condos have monthly fees between $250-$350/month.

  3. Hi Justin, no the fees are nowhere near $1600 a month, where on earth did you hear that? Fees in Orlando depend on the square foot and vary widely. Downtown can be as much as $600 a month on an average unit whereas the burbs are anywhere from $250-450. Vista Cay falls within these parameters.

  4. Thanks for the information. I apparently had received bad information from a real estate agent who was hell bent on selling me a condo in MetroWest which is an area I definitely would not consider living in. She said Pulte built the same floorplans in Vista Cay but the HOA fees were $1600/mo on a 3/2 because they have more staff, amenities,and services since they are zoned for short term tourist rentals instead of permanent residents. I guess I should verify everything before trusting anyone.

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