2924 PENELOPE LOOP, KISSIMMEE, FL, 34746
Active215 days on marketListed Dec 21, 2025MLS #O6366087
About this home
2924 PENELOPE LOOP
Welcome to this brand-new 9-bedroom, 5-bathroom luxury home located in the highly sought-after Storey Lake Resort in Kissimmee. Designed with both short-term rental performance and owner comfort in mind, this property features a private screened pool and spa, spacious open-concept living areas, and a layout ideal for large families or groups. The home offers multiple entertainment and gathering spaces, including a themed game room and themed bedrooms (Mickey, cars, princess, Roblox and Harry Potter) creating a memorable experience for guests of all ages. Storey Lake is known for its resort-style amenities, including a clubhouse, fitness center, sports courts, and a spectacular water park with lazy river and slides. Conveniently located just minutes from Walt Disney World, major attractions, shopping, dining, and highways, this turnkey property is an exceptional opportunity for investors or second-home buyers seeking strong rental appeal in a prime location.
Facts & features
The home at a glance
8
Bedrooms
5
Bathrooms
4,289
Sqft
0.13 ac
Lot size
2022
Year built
Two
Levels
$215
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
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.
$7,094 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$7,094/mo
Includes estimated PMI — it drops off once you reach 20% equity. 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.
vs edgeAI estimate
+2.4%
$/sqft vs COVE AT STOREY LAKE 4
$215 vs $226
Days on market
215 vs 45 typical
Where $215/sqft sits among the 31 homes for sale in COVE AT STOREY LAKE 4
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 · projected
$83,947/yr gross
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,150/mo median
Live Kissimmee rental listing data — this home’s rate depends on size, condition and furnishing.
The Florida short-term market
▼ Softening50%
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
Last 12 months of data, January–December, bars scaled to the seasonal peak. Market-wide averages across all home sizes in Florida — the projection above is specific to this home’s size.
Where it sits
Inside Storey Lake
Drive times from this address
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
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Kissimmee market
$369K → $358K
Kissimmee median sold, yr/yr
97.2%
Sale-to-list ratio (12 mo)
13 of 31
COVE AT STOREY LAKE 4 have cut their price
Median sold price, Kissimmee, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 163% above the KISSIMMEE 34746 median. See the full Kissimmee market guide →
Paper trail
This home's history
Reality check
What actually sold near 2924 PENELOPE LOOP
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$965,000
4161 PARAGRAPH DRIVE · same community
8 bd · 5 ba · 4,289 sqft · $225/sqft · 112 DOM
Sold · Jan ’26$935,000
2996 PENELOPE LOOP · same community
8 bd · 5 ba · 4,289 sqft · $218/sqft · 45 DOM
Sold · Aug ’25$884,500
4209 PARAGRAPH DRIVE · same community
9 bd · 5 ba · 4,289 sqft · $206/sqft · 150 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.
Your agent
Steeve Cadeau
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 2924 PENELOPE LOOP — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2924 PENELOPE LOOP — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Steeve's phone and CRM.
Straight answers
2924 PENELOPE LOOP FAQs
What would the monthly payment be for 2924 PENELOPE LOOP?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,094/mo — principal and interest, the actual property-tax bill, the $496/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 2924 PENELOPE LOOP?+
The association fee works out to $496 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 2924 PENELOPE LOOP?+
The most recent tax bill on record (2024) was $13,543. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 2924 PENELOPE LOOP 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 2924 PENELOPE LOOP?+
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 $920,000, this home is listed about 142% above the Kissimmee median of $379,850. The market section on this page shows how the area is trending.
Which schools are assigned to 2924 PENELOPE LOOP?+
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
01Positioned at the premium end
$920,000 runs 163% above the KISSIMMEE 34746 median — but at 4,289 sqft it's also nearly twice the size of the typical Kissimmee listing.
02Zoned 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.
03Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
04Time on market is leverage
215 days on market against a Kissimmee median of 45 — sellers in this position are usually ready to negotiate.
05The price has already moved
Listed at $1,050,000, now $920,000 — a $130K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of MS LAND & BUILDING LLC · Mariana Casaburi. MLS #O6366087.
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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