My team at FunStay Florida provides Storey Lake property management for over 100 properties at this Kissimmee resort community. I own multiple vacation rentals in the corridor. This guide covers what buyers and investors need to know before purchasing at Storey Lake Resort, based on real data from our managed portfolio.
Looking at a specific property? I can pull revenue comps, carrying cost projections, and occupancy data for any Storey Lake listing.
Schedule a Free Consultation (503) 888-8070Storey Lake has two distinct sections with completely different rules. Buying in the wrong one is a costly mistake.
| Resort Section (Terraces, The Cove) | Reflections | |
|---|---|---|
| Short-term rentals | Allowed No minimum stay, no rental caps | Prohibited |
| Minimum lease | None | 1 year |
| Primary residence | Not allowed | Allowed |
| Property types | Condos, townhomes, single-family pool homes (2-8 BR) | Single-family residential (3-5 BR) |
| HOA manager | ICON Management | Vesta Property Services |
| Best for | Vacation rental investors, second-home buyers | Owner-occupants, long-term rental investors |
Storey Lake's resort section offers three property types, all built by Lennar. New construction homesites are sold out; all current inventory is resale.
| Model | BR/BA | Sq Ft | Price Range |
|---|---|---|---|
| Milan | 2/2 | 1,194 | $217K-$350K |
| Venice | 2/2 | 1,248 | $220K-$370K |
| Sorrento | 3/2 | 1,428 | $280K-$530K |
| Model | BR/BA | Sq Ft | Price Range |
|---|---|---|---|
| Beach Palm / Sabal Palm | 4 BR | 1,914 | $265K-$500K |
| Royale Palm | 5 BR | 2,128 | $350K-$720K |
| Model | BR/BA | Sq Ft | Price Range |
|---|---|---|---|
| Alexander Palm | 5 BR | 3,014 | $636K-$750K |
| Majesty Palm | 6/5 | 3,275 | $680K-$850K |
| Gatsby | 6 BR | 3,795 | $750K-$900K |
| Buchanan | 7 BR | 3,976 | $800K-$950K |
| Santiago | 8 BR | 4,289 | $850K-$1.2M+ |
Price ranges reflect Q4 2026 active listings and recent closed sales. Browse Storey Lake listings for current inventory.
Storey Lake has two full clubhouse complexes. Access to both is included in HOA dues.
Pool hours: 9 AM to 9 PM daily. Pools heated when outdoor temp drops below 75F. The Terraces condo pool is not heated. See our resort amenities comparison for cost-per-booked-night data across Orlando communities.
Storey Lake uses a two-part HOA structure: a Master Association fee plus a separate Hideaway/Bronson Club fee.
| Property Type | Master HOA/mo | Club Fee/mo | Combined Total/mo |
|---|---|---|---|
| Single-family | ~$304 | ~$259 | ~$564 |
| Townhome | ~$286 | ~$259 | ~$545 |
| Condo | Varies by unit | Varies | ~$540-$920 |
See our Orlando vacation rental HOA fees comparison for cross-community benchmarks.
| Cost | Townhome ($445K) | Single-Family ($670K) |
|---|---|---|
| HOA (combined) | ~$6,540 | ~$6,764 |
| CDD | ~$1,428 | ~$2,282 |
| Property tax (~1.8%) | ~$8,010 | ~$12,060 |
| Insurance (est.) | ~$2,500-$4,000 | ~$3,500-$5,500 |
| STR licensing | ~$440 | ~$440 |
| Est. total carrying cost | ~$18,900-$20,400/yr | ~$25,000-$27,000/yr |
Florida homestead exemption excludes vacation and investment properties. CDD fees appear on your annual property tax bill. Verify current fee amounts directly with ICON Management (321-999-7646) before purchasing.
From our managed portfolio (trailing 12 months):
| Property Type | Bedrooms | Annual Revenue | Occupancy |
|---|---|---|---|
| Condos | 2-3 BR | $31,000-$47,000 | 77-83% |
| Townhomes | 4-5 BR | $42,000-$66,000 | 77-83% |
| Single-family | 5-6 BR | $65,000-$90,000 | 77-83% |
| Estate/luxury | 7-9 BR | $80,000-$123,000 | 77-83% |
Storey Lake's managed occupancy (77-83%) outperforms the broader Kissimmee market average (57-69%) by 10 to 15 points, driven by proximity to Disney and the amenity package.
Shoulder months: Sep-Nov, Jan-Feb. Factor this into cash flow projections. See our Storey Lake investment analysis and current market report for cap rates and risk analysis.
| License | Cost | Renewal |
|---|---|---|
| Florida DBPR vacation rental license | $230 | $180/yr |
| Osceola County STR license | $410 | $150/yr |
| Local Business Tax Receipt | $30 | $30/yr |
| $1M liability insurance | Varies | Annual |
For a step-by-step walkthrough, see our guide on how to apply for short-term rental licenses in Orlando.
| Destination | Distance | Drive Time |
|---|---|---|
| Walt Disney World | ~4-5 mi | 10-15 min |
| Universal Orlando | ~13 mi | 20-25 min |
| Epic Universe (opened May 2025) | ~14 mi | 20-22 min |
| SeaWorld Orlando | ~7 mi | ~15 min |
| Orlando International Airport | ~19 mi | 25-30 min |
| Publix grocery | ~0.5-1 mi | 2-5 min |
| Walmart (Vineland Rd) | ~1.3-2 mi | 3-5 min |
| Orlando Vineland Outlets | ~5-7 mi | 10-15 min |
Storey Lake sits at SR-535 and Osceola Parkway in Kissimmee, with direct I-4 access.
Universal's newest park opened May 2025, about 14 miles from Storey Lake. Early data shows STR bookings up 9-14% in the Kissimmee corridor during the opening period, with guests adding 1-2 nights to their Orlando trips as they combine Disney and Universal parks. See our breakdown of the best vacation rental communities near Epic Universe.
Lennar's homesites at Storey Lake are sold out. All purchases are now resale. This means no builder incentives, but also no construction timeline. You can close and start renting within 30 to 60 days. Here is what to expect during the first 60 days after buying an Orlando vacation rental.
Florida buyers pay 2-5% of the purchase price in closing costs, including lender's title insurance, appraisal, inspection, documentary stamp tax on the mortgage, and intangible tax. In Florida, the seller customarily pays for owner's title insurance and deed stamps.
Request 3 years of HOA financial statements and check the reserve fund. Confirm which section the property is in (resort vs. Reflections). Verify the current HOA and CDD amounts for the specific unit. For a full pre-purchase walkthrough, use our short-term rental due diligence checklist.
For a deeper comparison of loan types, see our guide to Orlando vacation rental financing.
Whether you're evaluating Storey Lake as an investment or a second home, I'm happy to share what our portfolio data shows for a specific property type or floor plan.
Schedule a Free ConsultationFor managed properties, Storey Lake delivers 77-83% occupancy and $31,000 to $123,000 in annual revenue depending on property type. Prices are down ~11% from their peak. Run the numbers on a specific property before deciding. Current carrying costs run $19,000 to $27,000 per year.
Yes, in the resort sections (The Terraces and The Cove). No minimum stay. No rental caps. Reflections does not allow short-term rentals.
Storey Lake uses a two-part HOA structure. Combined fees run approximately $545 per month for townhomes and $564 per month for single-family homes, covering amenities, cable, internet, landscaping, and trash.
Approximately 4 to 5 miles from the main gate, or about a 10 to 15 minute drive.
The resort section allows short-term rentals and prohibits primary residence use. Reflections prohibits short-term rentals and allows primary residence use. They have separate HOAs with separate rules and fee structures. Verify which section a property is in before purchasing.
Two clubhouse complexes (Hideaway Club and Bronson Club), each with a heated pool and lazy river. Plus 2 water slides, a splash zone, tiki bar, ice cream shop, mini golf, kayaking, fitness centers, sports courts, and a free intra-resort shuttle. All pool and fitness amenities are included in HOA dues.
No. Airbnb and Vrbo collect 7.5% (state sales tax + county surtax). You are responsible for collecting and remitting the 6% Osceola County Tourist Development Tax monthly.
As of Q4 2026: condos start around $217,000, townhomes around $265,000, and single-family pool homes around $636,000. Median sold prices: condos $283,250, townhomes $445,000, single-family $670,000.
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