CENTURY 21 Edge
Short-Term Rental Eligible
$368,000$370,0002 bd2.5 ba1,196 sqft$308 /sqft$3,831 /mo all-in ↓

3121 PARADOX CIRCLE UNIT 203, KISSIMMEE, FL, 34746

Active539 days on marketListed Feb 16, 2025MLS #O6281561

Reduced $2KFully furnishedCondominiumTHE TERRACES AT STOREY LAKE CONDO 2 PH 6

About this home

3121 PARADOX CIRCLE UNIT 203

Experience the epitome of luxury and convenience in this stunning condo located in the heart of Kissimmee! Each bedroom comes with a private full bath, offering unparalleled comfort and privacy. The modern, fully equipped kitchen is equipped with top-of-the-line appliances, ready to transform your culinary creations into masterpieces. Relax in the expansive living area that seamlessly transitions to a private balcony, perfect for enjoying the vibrant Florida sunshine. With in-unit laundry facilities, you can effortlessly manage chores, freeing up more time to indulge in the plethora of amenities at the Storey Lake community. Whether you’re passionate about fitness, love lounging by the pool, or are an adventurer at heart with a penchant for canoeing, kayaking, or volleyball, Storey Lake has something extraordinary for you. This is an incredible opportunity you won’t want to miss—schedule your visit today and make this breathtaking condo your new home!

Facts & features

The home at a glance

2

Bedrooms

2.5

Bathrooms

1,196

Sqft

0 ac

Lot size

2019

Year built

One

Levels

$308

Per sqft

FurnishedPets allowed

Inside

FlooringCarpet · Ceramic Tile
AppliancesDishwasher · Disposal · Dryer · Electric Water Heater · Microwave · Range · Range Hood · Refrigerator · Washer
InteriorCeiling Fan(s) · Elevator · Open Floorplan · Thermostat
LaundryElectric Dryer Hookup · Inside · Laundry Closet · Washer Hookup
CoolingCentral Air
HeatingCentral
FurnishedFurnished

Outside & construction

RoofShingle
ConstructionBlock · Stucco
FoundationSlab
FacesNortheast
ExteriorBalcony · French Doors · Sliding Doors

Community & fees

HOA fee$869/mo
Taxes (2024)$5,674/yr
PetsYes
CommunityClubhouse · Deed Restrictions · Fitness Center · Playground · Pool · Sidewalks

Utilities & systems

UtilitiesCable Available · Cable Connected · Electricity Available · Electricity Connected · Phone Available
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.

$3,831 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,166
FHA mortgage insurance (est.)$163
Property tax — 2024 actual bill$473
Condo fee — from the listing$869
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $12,880Loan30-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% · $12,880
Interest rate6.00%
Loan term

Estimated payment

$3,831/mo

Principal & interest$2,166
FHA mortgage insurance (est.)$163
Property taxes (actual bill)$473
HOA / condo fee$869
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
$273KedgeAI estimate $293,941 · range $285K$318K$383K

vs edgeAI estimate

+25.2%

$/sqft vs Kissimmee actives

$308 vs $209

Days on market

539 vs 54 typical

Where $308/sqft sits among the 400 Kissimmee actives

78
129
102
46
15
30 · this home
$149–181$181–212$212–243$243–274$274–305$305+

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 price6.8%
Homes for rent right now981

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 3121 PARADOX CIRCLE UNIT 203 inside its neighborhood boundary

Drive times from this address

Walt Disney World15 min
Universal Orlando20 min
Downtown Orlando26 min
Orlando Int’l Airport (MCO)29 min
Downtown Tampa74 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$359K

Kissimmee median sold, yr/yr

97.3%

Sale-to-list ratio (12 mo)

177 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

CurrentPrice reduced to $368,000 $2K
Feb 16, 2025Listed at $370,000 · 539 days on market since
2019Built · THE TERRACES AT STOREY LAKE CONDO 2 PH 6

Reality check

What actually sold near 3121 PARADOX CIRCLE UNIT 203

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

2724 CLUB CORTILE CIRCLE UNIT BSold · Feb ’26

$195,000

2724 CLUB CORTILE CIRCLE UNIT B

3 bd · 2 ba · 1,202 sqft · $162/sqft · 179 DOM

2770 CLUB CORTILE CIRCLE UNIT ASold · Sep ’25

$223,000

2770 CLUB CORTILE CIRCLE UNIT A

3 bd · 2 ba · 1,202 sqft · $186/sqft · 41 DOM

2826 CLUB CORTILE CIRCLE UNIT BSold · Aug ’25

$175,000

2826 CLUB CORTILE CIRCLE UNIT B

3 bd · 2 ba · 1,202 sqft · $146/sqft · 1 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.

Lacie Springstead

Your agent

Lacie Springstead

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 3121 PARADOX CIRCLE UNIT 203 — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 3121 PARADOX CIRCLE UNIT 203 — before you fall in love.

See it in person

Schedule a tour

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

Straight answers

3121 PARADOX CIRCLE UNIT 203 FAQs

What would the monthly payment be for 3121 PARADOX CIRCLE UNIT 203?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,831/mo — principal and interest, the actual property-tax bill, the $869/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 3121 PARADOX CIRCLE UNIT 203?+

The association fee works out to $869 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 3121 PARADOX CIRCLE UNIT 203?+

The most recent tax bill on record (2024) was $5,674. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Can 3121 PARADOX CIRCLE UNIT 203 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 3121 PARADOX CIRCLE UNIT 203?+

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 $368,000, 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 3121 PARADOX CIRCLE UNIT 203?+

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

Five 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.

02Move-in furnished

The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.

03Know the monthly fee

The association fee is $869/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.

04Time on market is leverage

539 days on market against a Kissimmee median of 54 — sellers in this position are usually ready to negotiate.

05The price has already moved

Listed at $370,000, now $368,000 — a $2K cut. The full history is in the market section below.

Listing courtesy of LA ROSA REALTY LLC · Juan Delgado. MLS #O6281561.

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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3121 PARADOX CIRCLE UNIT 203, KISSIMMEE, FL — 2 Bed, 2.5 Bath — $368,000 | CENTURY 21 Edge