Listing Details for MLS #O6421145
5048 Shoreway Loop Unit 40404, Orlando, Fl

Residential Property - Condominium in Orlando

Listing Price: $699,000 (Mortgage Calculator →)Days on Market: 1Cumulative Days on Market: 86

Description of Property

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.The average asking price for a 3 bedroom/2 bath condominium in this Zip code is $532,310. This condominium is listed at about 131% of the average asking price. There are 12 3 bedroom/2 bath homes between $600,000 and $900,000 currently listed for sale in this Zip code. See other listings like this one »