tomo logo

$1,745,000

Beds
12
Baths
12.5
sq ft
6,351

7661 Fairfax Dr, Kissimmee, FL 34747

7661 Fairfax Dr

KISSIMMEE, FL 34747

  • 205 days on market
An investor's paradise! Introducing 7661 Fairfax Dr, affectionately termed “The Oasis”. This unparalleled 12-bedroom marvel is nestled in the heart of Encore Resort, boasting 12.5 bathrooms, sprawling over 6,300 square feet, and accommodating up to 30 guests. It features the most spacious floor plan in the Encore Resort, a rarity that spikes its demand. Over the last two years, "The Oasis" has impressively GENERATED AN AVERAGE OF $224,000 in ANNUAL GROSS RENTS, maintaining a 62% OCCUPANCY RATE with an AVERAGE NIGHTLY RATE of ~$1000/night. THIS HOME ALREADY HAS $77K+ ON THE BOOKS FOR 2024 & BEYOND! Initially acquired unfurnished in 2021, approximately $400,000 was invested in elevating its interiors and exteriors with luxurious furnishings, themed spaces, and an entertainment-packed game room. A recent addition includes a substantial 20.4 kilowatt Tesla solar system, fully paid off before closing, slicing the AVERAGE MONTHLY ELECTRIC BILL DOWN TO $150.00/MONTH. Both adults and younger guests have a variety of options to choose from with uniquely themed sleeping areas. Options range from the enchanting forest-themed bunk rooms, a deep-sea submarine chamber, to a whimsical Dr. Seuss-inspired sanctuary. Entertainment is on another level with a custom ~$25k 1965 Ford Mustang pool table, dual classic upright arcades for challenging the highest scores, and custom DJ lighting that sets an unparalleled ambiance. The property also features a theater room, equipped with a large projector screen and plush custom seating for over ten viewers, promising endless nights of movies and relaxation. "The Oasis" redefines luxury living and entertainment, offering an unmatched experience. Guests will enjoy the amenities at the Encore at Reunion Resort including a spectacular clubhouse, award winning restaurant, a Water Park, full-service spa, two playgrounds, state-of-the-art gym, basketball, volleyball & tennis courts. The HOA fee covers 24-hour gated entrances & roaming security, trash pickup, & an annual exterior house cleaning. A concierge desk is available at the clubhouse to assist with booking tickets, meals, airline check ins, resort provided shuttles to parks, & more. Enjoy being minutes away from three golf courses and in the heart of attractions, shopping, dining and more. Call us today to schedule your private tour!

Details

Property type

Single Family Residence

Est. home value

$1,359,277

Lot size

0.24 acres

Price per sq ft

$275

Year built

2019

Annual property taxes

$18,431.37

Monthly HOA fee

$783.67

Price History

08/19/2024
StellarMLS

StellarMLS #O6184685

Listed
$1,745,000
08/16/2024
StellarMLS

StellarMLS #O6184685

Removed
$1,745,000
05/17/2024
StellarMLS

StellarMLS #O6184685

Listed
$1,745,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, Playground, Pool, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Key Bank Na

Loan start date

October 2021

Original loan amount

$770,000

Est. remaining balance

Not provided

Interest rate

2.5%

Loan type

New Conventional, 30 year

Seller

Amar Pramod Amte and Sarika Amte

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

StellarMLS
$1,799,000
7 bd
|
7.5 ba
|
4,353 sq ft
|
House

760 Golden Bear Dr, Reunion, FL 34747

Price drop
StellarMLS
$1,795,000
6 bd
|
5.5 ba
|
4,964 sq ft
|
House

494 Muirfield Loop, Reunion, FL 34747

Price drop
StellarMLS
$1,890,000
6 bd
|
7 ba
|
5,250 sq ft
|
House

967 Jack Nicklaus Ct, Kissimmee, FL 34747

Status: Active

Tomo last checked: 10/04/2024 at 10:00 PM

Listing updated: 09/25/2024 at 4:06 PM

Listed by: Kelly French, KELLY FRENCH REAL ESTATE INC Phone #: (352) 988-4975

MLS: StellarMLS #O6184685

StellarMLS logo

Recently listed in KISSIMMEE

$365,000|3 bd|2.0 ba|House
$385,000|3 bd|3.0 ba|Townhouse
$374,900|4 bd|2.0 ba|House
$279,500|2 bd|2.0 ba|House
$390,000|4 bd|2.0 ba|House
$195,000|1 bd|1.0 ba|Townhouse
$434,240|4 bd|3.0 ba|House
$330,000|4 bd|3.0 ba|Townhouse