Chad Creech
Short-Term Rental Eligible
$367,7602 bd2.5 ba1,196 sqft$307 /sqft$3,823 /mo all-in ↓

3191 PARADOX CIRCLE UNIT 405, KISSIMMEE, FL, 34746

Active133 days on marketListed Mar 28, 2026MLS #S5146311

WaterfrontFully furnishedCondominiumTHE TERRACES AT STOREY LAKE CONDO 3 PH 12

About this home

3191 PARADOX CIRCLE UNIT 405

Turn-key opportunity in the highly sought-after Storey Lake Resort! This fully furnished and beautifully equipped 2-bedroom, 2-bathroom condo is rental-ready and well-suited for short-term rental use or as a vacation home. A standout feature of this unit is its Disney-themed bedrooms, featuring Star Wars and Mickey Mouse designs that create a fun and memorable experience for guests of all ages. The themed décor adds a unique touch that is highly appealing in the short-term rental market. This unit has also been a consistently rented property within the current property management program. The thoughtfully designed open-concept layout offers a bright and welcoming space. The modern kitchen comes fully equipped with appliances, cookware, and utensils. A versatile nook with an additional sofa bed provides flexibility for use and accommodations, while a dedicated desk area is ideal for remote work or extended stays. Step out onto the private balcony and enjoy the lake views, a perfect setting for relaxing after a day out. Located on the top floor, this unit offers added privacy with no upstairs neighbors. Conveniently located just minutes from Walt Disney World, Disney Springs, shopping, dining, and Orlando’s main attractions, Storey Lake Resort is a popular destination for visitors. The community offers a variety of amenities including a resort-style pool, lazy river, water slides, splash pad, fitness center, sports courts, and more. Whether you are looking for a vacation home or a property suitable for short-term rental use, this condo offers a great combination of location, features, and convenience.

Facts & features

The home at a glance

2

Bedrooms

2.5

Bathrooms

1,196

Sqft

0.03 ac

Lot size

2022

Year built

One

Levels

$307

Per sqft

WaterfrontWater viewFurnishedPets allowed

Inside

FlooringCarpet · Tile
AppliancesDishwasher · Disposal · Dryer · Electric Water Heater · Freezer · Ice Maker · Microwave · Range · Refrigerator · Washer
InteriorKitchen/Family Room Combo · Open Floorplan · Primary Bedroom Main Floor · Solid Surface Counters · Split Bedroom · Thermostat · Walk-In Closet(s) · Window Treatments
LaundryInside
CoolingCentral Air
HeatingOther
FurnishedFurnished

Outside & construction

RoofMetal
ConstructionConcrete · Stucco
FoundationSlab
ViewWater
FacesNorth
ExteriorBalcony · Basketball Court · Irrigation System · Lighting · Playground · Sidewalk · Sliding Doors · Storage

Community & fees

HOA fee$859/mo
Taxes (2025)$5,717/yr
PetsYes
CommunityLake · Clubhouse · Fitness Center · Gated Community - Guard · Playground · Pool · Restaurant · Sidewalks

Utilities & systems

UtilitiesCable Available · Cable Connected · Electricity Available · Street Lights · Water Available · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$3,823 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,165
FHA mortgage insurance (est.)$163
Property tax — 2025 actual bill$476
Condo fee — from the listing$859
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $12,872Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $12,872
Interest rate6.00%
Loan term

Estimated payment

$3,823/mo

Principal & interest$2,165
FHA mortgage insurance (est.)$163
Property taxes (actual bill)$476
HOA / condo fee$859
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $368K
$301KedgeAI estimate $327,828 · range $314K$363K$382K

vs edgeAI estimate

+12.2%

$/sqft vs Kissimmee actives

$307 vs $209

Days on market

133 vs 52 typical

Where $307/sqft sits among the 400 Kissimmee actives

86
125
97
47
18
27 · this home
$153–182$182–212$212–242$242–271$271–301$301+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

The investor lens

Two ways this home pays

This home sits inside Storey Lake, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.

Short-term rental

Zoned & eligible

Nightly rentalsAllowed
CommunityStorey Lake
Fine-tuned for this homePrepared free by our team
Get the free rental analysis

Projected nightly rate, occupancy and annual revenue for this exact home.

Long-term rental

$2,100/mo median

MarketKissimmee
Annual gross at median$25,200
Gross yield on this price6.9%
Homes for rent right now985

Live Kissimmee rental listing data — this home’s rate depends on size, condition and furnishing.

The Kissimmee short-term market

▼ Softening

50%

Occupancy

▼ 32% yr/yr

$296

Avg nightly rate

▲ 15% yr/yr

$35K/yr

Revenue per listing

$148

RevPAR

63 days

Booking lead time

5.5 nights

Avg stay

3

Typical min nights

10,047

Active rentals

▲ 12% supply

Seasonality — monthly occupancy

Peaks at 58% in Feb · bottoms at 38% in Jun

50%
58%
58%
56%
46%
38%
56%
49%
43%
47%
48%
50%
JanFebMarAprMayJunJulAugSepOctNovDec

Last 12 months of data, January–December, bars scaled to the seasonal peak. Market-wide averages across all home sizes in Kissimmee — the projection above is specific to this home’s size.

Where it sits

Inside Storey Lake

Map of 3191 PARADOX CIRCLE UNIT 405 inside its neighborhood boundary

Drive times from this address

Walt Disney World14 min
Universal Orlando19 min
Downtown Orlando25 min
Orlando Int’l Airport (MCO)27 min
Downtown Tampa73 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Storey Lake is a short-term-rental community. See the full guide →

KISSIMMEE 34746 — neighborhood snapshot

Population

57,181

Median age

37.6

Median income

$67,677

Median home value

$328,500

Avg household

3.13

Households w/ children

5,929

For the school run

Osceola County School District

MiddleKissimmee Middle School★★★★
ElementaryFlora Ridge Elementary School★★★★★
HighCelebration High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Kissimmee market

Seller’s marketLeans buyer7.2 months of inventoryBuyer’s market

$365K$350K

Kissimmee median sold, yr/yr

97.3%

Sale-to-list ratio (12 mo)

169 of 400

Kissimmee actives have cut their price

Median sold price, Kissimmee, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 6% above the KISSIMMEE 34746 median. See the full Kissimmee market guide →

Paper trail

This home's history

Mar 28, 2026Listed at $367,760 · 133 days on market since
2022Built · THE TERRACES AT STOREY LAKE CONDO 3 PH 12

Reality check

What actually sold near 3191 PARADOX CIRCLE UNIT 405

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

3191 PARADOX CIRCLE UNIT 406Sold · Nov ’25

$300,000

3191 PARADOX CIRCLE UNIT 406 · same community

2 bd · 2 ba · 1,186 sqft · $253/sqft · 310 DOM

3191 PARADOX CIRCLE UNIT 205Sold · Jun ’26

$280,000

3191 PARADOX CIRCLE UNIT 205 · same community

2 bd · 2 ba · 1,126 sqft · $249/sqft · 654 DOM

3191 PARADOX CIRCLE UNIT 108Sold · May ’26

$360,000

3191 PARADOX CIRCLE UNIT 108 · same community

3 bd · 2 ba · 1,329 sqft · $271/sqft · 57 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Chad Creech

Your agent

Chad Creech

President, Commercial and Development Services · CENTURY 21 Edge

Tours, negotiation, and every question about 3191 PARADOX CIRCLE UNIT 405 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 3191 PARADOX CIRCLE UNIT 405 — before you fall in love.

See it in person

Schedule a tour

Live availability from Chad's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

3191 PARADOX CIRCLE UNIT 405 FAQs

What would the monthly payment be for 3191 PARADOX CIRCLE UNIT 405?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,823/mo — principal and interest, the actual property-tax bill, the $859/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 3191 PARADOX CIRCLE UNIT 405?+

The association fee works out to $859 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 3191 PARADOX CIRCLE UNIT 405?+

The most recent tax bill on record (2025) was $5,717. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Can 3191 PARADOX CIRCLE UNIT 405 be rented short-term?+

Yes — this home sits inside Storey Lake, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.

Are pets allowed at 3191 PARADOX CIRCLE UNIT 405?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Kissimmee?+

At $367,760, this home is listed about 3% below the Kissimmee median of $379,000. The market section on this page shows how the area is trending.

Which schools are assigned to 3191 PARADOX CIRCLE UNIT 405?+

Kissimmee Middle School (middle), Flora Ridge Elementary School (elementary), Celebration High School (high) — Osceola County School District. Always verify school assignments with the district before relying on them.

The brief

Four things that matter here

01Zoned for nightly rentals

Storey Lake is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Know the monthly fee

The association fee is $859/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

133 days on market against a Kissimmee median of 52 — sellers in this position are usually ready to negotiate.

Listing courtesy of INTERINVESTMENTS REALTY, INC. · Emilio Cardenal, Jr.. MLS #S5146311.

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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