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5048 SHOREWAY LOOP UNIT 40404

Condo/Co-op For Sale
$699,000

BTC: 11.57284768

ETH: 438.32970671

New
3 bds
2 ba
2,097 sqft

Overview

Exceptional investment opportunity to own a FULLY REMODELED, modern PENTHOUSE CORNER LAKE-VIEW CONDO in the premier Vista Cay Resort. Being in one of Orlando's few short-term rental zoned communities (only a few communities in Orange County are zoned for short term rentals), makes it ideal for Airbnb, VRBO, vacation rental investors, second-home buyers, or full-time residents – really with no restrictions. Owners have the flexibility to self-manage or choose their preferred property management company. Ideally located directly across from the main entrance to Epic Universe and adjacent to the Orange County Convention Center. This spacious owner occupied condo offers a spacious primary suite features a private remodeled en-suite bath; two additional bedrooms, second bathroom, a full laundry room, the den/office, perfect for remote work or additional guest space. The open floor plan showcases newer high quality tile flooring and crown molding throughout, beautifully remodeled bathrooms, including a glass-enclosed walk-in shower in the primary suite, top-of-the-line upgraded kitchen appliances, water softener system, custom laundry room cabinets with LED lighting, abundant natural light, and a private balcony overlooking the lake. Major capital improvements include a 2018 AC system, all new AC copper refrigerant (Freon) lines replaced in 2025, and a 2018 water heater, providing added value and peace of mind. and ample storage complete this exceptional home. Vista Cay Resort features outstanding amenities, including multiple resort-style heated pools, children's water features and splash pad, hot tubs, pool bars, game room, fitness center, clubhouse, concierge services, walking trails, and beautifully maintained grounds. Conveniently located just minutes from I-4 via SR 528 (Beachline Expressway), the property provides quick access to Downtown Orlando, Orlando International Airport, Walt Disney World, Universal Orlando Resort, SeaWorld, shopping malls, International Drive, and all of Central Florida's major attractions. With more than 77 million visitors to Orlando in 2025, the opening of Epic Universe, and year-round convention traffic, this property is ideally positioned to benefit from one of Central Florida's strongest vacation rental markets. Adding to its investment appeal, the Orange County Convention Center is undergoing a $560 million expansion that will add approximately 44,000 square feet of meeting space, further increasing demand for nearby accommodation. Whether you're looking to expand your Airbnb portfolio, purchase a vacation home with rental income potential, or invest in one of Orlando's fastest-growing tourism corridors, this property offers outstanding value and long-term potential. A detailed list of furniture and furnishings included in the sale is attached to the MLS documents. One room image, the den, has been virtually enhanced using AI for marketing purposes.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
2006
Lot:
0.05 Acres
Heating:
Central / Electric / Heat Pump
Price/sqft:
$333
Cooling:
Central Air
HOA:
$783

Valuation

Our model vs. what's actually selling nearby.
Estimate
$637,450
$572K – $674K
Confidence Medium
List vs. estimate
$61K above estimate
List $699,000 · +9.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$333
+77.4% vs. city median $187
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,506
2025
HOA
$782/qtr
Cable TV, Community Pool, Insurance
Pool
In Ground
View
Water
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    Heating

    • Central

    • Electric

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Open Floorplan

    • Solid Wood Cabinets

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Balcony

    Lot

    • Lot: 0.05 Acres

    Other Property Information

    • Parcel Number: 062429888740404

    • Zoning: P-D

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $783

    • HOA Frequency: Quarterly

    • Annual tax amount: $7,507

  • Source details

    • MLS ID: O6421145

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Pool Features: In Ground / Tile

    • Window Features: Blinds / Drapes

    • Direction Faces: South

    • Architectural Style: Mediterranean

    • Water Body Name: LAKE CAY

    • Living Area: 2097

    • Water Source: Public

    • Subdivision Name: VISTA CAY/HARBOR SQUARE PH 4

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: VISTA CAY REALTY COMPANY