1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty

11121 Joel Court, ORLANDO, FL 32825

Priced at Only: $429,000

Would you like to sell your home before you purchase this one?

  • MLS#: O6353127 ( Residential )
  • Street Address: 11121 Joel Court
  • Viewed: 156
  • Price: $429,000
  • Price sqft: $175
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Pond
  • Year Built: 1994
  • Bldg sqft: 2458
  • Bedrooms: 3
  • Total Baths: 3
  • Full Baths: 2
  • 1/2 Baths: 1
  • Garage / Parking Spaces: 2
  • Days On Market: 65
Description
Long term tenant already in place paying 3100 per month on an annual lease! Please see the attractive investment analysis in the attached link. This is a beautifully maintained 3 bedroom, 2.5 bath single family home located in the highly sought after Andover Lakes community of East Orlando. This charming residence combines comfort, space, and modern convenience, making it an ideal choice for families, professionals, or anyone looking to enjoy Florida living at its finest. Nestled on a quiet cul de sac, this home offers approximately 1,965 square feet of living space on a generous 7,752 sq ft lot. Step inside to discover a bright and open floor plan with high ceilings, abundant natural light, and a seamless flow between living areas. The spacious living room provides a welcoming atmosphere for relaxing or entertaining. The kitchen features ample cabinet storage, sleek countertops, and a convenient breakfast nook overlooking the backyardideal for enjoying your morning coffee or a casual meal. The adjoining family room makes it easy to stay connected while cooking, offering comfort and versatility for everyday living. The exterior is equally inviting, with mature landscaping, a spacious backyard, and a patio perfect for outdoor dining or relaxing under the Florida sun. Additional highlights include a two car garage, inside laundry room. Built in 1994, this home has been thoughtfully cared for, offering a solid foundation with timeless charm and practical updates. Location is everything, and this property delivers! Andover Lakes is known for its well kept streets, family friendly atmosphere, and proximity to excellent schools, shopping, and entertainment. Enjoy easy access to Waterford Lakes Town Center, UCF, Downtown Orlando, and major highways such as 417, 408, and Colonial Drive, ensuring effortless commutes throughout Central Florida. Families will appreciate nearby parks, walking trails, and highly rated schools, while people benefit from the areas accessibility and peaceful surroundings. Whether youre buying your first home, upgrading for more space, or relocating to enjoy Orlandos thriving lifestyle, 11121 Joel Ct offers a rare blend of comfort, convenience, and community. Beyond its comfort and charm, 11121 Joel Ct also presents a strong rental investment opportunity. Estimated Gross Rent (EGI): $37,200 annually Annual Operating Expenses: $13,126 (includes taxes, insurance, HOA, and maintenance) Net Operating Income (NOI): $24,074 Net Yield (Cap Rate): Approximately 5.61% based on a $429,000 purchase price This return is competitive within the Orlando market, where typical cap rates range between 46%. Even with modest increases in property taxes, the projected yield remains near 5.5%, making this property an attractive option for hands on investors or owner occupants seeking long term value. Tenant in place, so no vacancy allowance. Dont miss the opportunity to make this beautiful property yours.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
For a Fast & FREE Mortgage Pre-ApprovalApply Now
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: French Doors, Sidewalk
  • Fencing: Wood
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 1965.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Cleared, Cul-De-Sac, In County, Level, Sidewalk, Paved
School Information
  • High School: University High
  • Middle School: Odyssey Middle
  • School Elementary: Andover Elem
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
  • Parking Features: Driveway, Ground Level
Eco-Communities
  • Water Source: Canal/Lake For Irrigation
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 418.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Association Name: Edison Association Management / Melissa Maldonado
  • Association Phone: 407-317-5252
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor
  • Legal Description: ANDOVER LAKES PHASE 2 A 30/51 LOT 73
  • Levels: Two
  • Area Major: 32825 - Orlando/Rio Pinar / Union Park
  • Occupant Type: Tenant
  • Parcel Number: 09-23-31-0167-00-730
  • Possession: Close Of Escrow
  • View: Water
  • Views: 156
  • Zoning Code: P-D

Contact Info

Headshot for Associate Juan Torres
  1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty
Request More Information
  • All fields are required.

Featured Listings