$929,000
4221 Paragraph Drive
Kissimmee, FL 34746
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Welcome to this exceptional waterfront vacation home located in the heart of Storey Lake Resort at 4221 Paragraph Drive. Offering 8 bedrooms and 5 full bathrooms, this spacious and thoughtfully designed home is perfectly suited for large families, multi generational stays, or investors seeking a strong short term rental opportunity in one of Central Florida’s most in demand resort communities. The first floor welcomes you with an inviting foyer and an open concept layout designed for both comfort and entertaining. The gourmet kitchen features a large breakfast bar, ample cabinetry, and a generous pantry, all opening seamlessly to the dining area and great room. Sliding glass doors lead to a covered patio and screened in private pool and spa overlooking a peaceful water view, creating a true indoor outdoor living experience. The main level also includes a primary bedroom with an en suite bathroom, additional guest bedroom and full bath, and a large game room ideal for hosting and relaxing. Upstairs, a spacious loft media area provides additional gathering space, along with a conveniently located laundry area. The second level features the remaining bedrooms and bathrooms, offering plenty of room and privacy for guests. The layout is well balanced, functional, and designed to accommodate large groups comfortably. Storey Lake Resort is known for its outstanding amenities, including a resort style clubhouse, fitness center, water park with slides and lazy river, sports courts, playgrounds, and more. Located just minutes from Walt Disney World, Universal Studios, SeaWorld, shopping, dining, and entertainment, this home delivers both lifestyle and location. Whether you are looking for a turn key vacation home or a high performing investment, this Storey Lake property offers space, setting, and resort living at its best.
Local Insight
At $929K for an 8-bed, 4-bath built in 2021 with a private pool and waterfront lot in Storey Lake, you're paying a premium for the newer construction and amenities, but the AE flood zone and tight 0.13-acre lot in a high-HOA ($564/month) community mean this property works best as a vacation rental or corporate housing investment rather than a primary residence—the ongoing flood insurance costs and limited lot space will eat into long-term appreciation. For serious buyers, the real question is whether the theme park proximity and turnkey rental appeal justify a price point that's significantly higher than comparable non-waterfront homes in Kissimmee's more established neighborhoods, especially with the structural risks and carrying costs factored in.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history125 days on market
- Status: ActiveJan 2, 2026
- Listed$949,000Jan 2, 2026
- Price reduced$929,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 125
- Cumulative DOM
- 391
- Subdivision
- Storey Lake
- County
- Osceola
- Year built
- 2021
- Living area
- 4,289 sq ft
- Price/sq ft
- $217
- Building area
- 4,707 sq ft (Public Records)
- Lot size
- 5,663 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12097C0055G)
- Pool
- Private pool
- Annual taxes
- $11,150 (2025)
- Parcel #
- 07-25-29-5178-0001-3550
- Zoning
- STR
- MLS #
- O6370464
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Interior Details
- Bedrooms
- 8
- Full bathrooms
- 5
- Flooring
- Carpet, Tile
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Crown Molding, High Ceilings, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
- Laundry
- Inside, Upper Level
- Stories / Levels
- Two
- Direction faces
- Southeast
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Parking features
- Curb Parking, Off Street
HOA & Financial
- HOA fee
- $564 / Monthly
- Monthly HOA
- $564/mo
- Total monthly fees
- $564/mo
- Total annual fees
- $6,768
- HOA name
- Icon Management/Valerie D'Ambrosio
- CDD
- Yes
- Min lease term
- 1-7 Days
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Verify with HOA for lease restrictions.
- Approval process
- Buyer or Buyer's agent to verify lease info with HOA
Exterior & Construction
- Exterior features
- Lighting, Sidewalk, Sliding Doors
- Construction materials
- Block, Concrete, Stucco
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Waterfront
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected
Community
- Pets allowed
- Breed Restrictions
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 12x16 |
| Primary Bathroom | First | 11x13 |
| Game Room | First | 20x20 |
| Bedroom 2 | First | 12x11 |
| Bathroom 2 | First | 11x6 |
| Foyer | First | 11x12 |
| Kitchen | First | 12x12 |
| Great Room | First | 12x12 |
| Dining Room | First | 12x12 |
| Loft | Second | 11x12 |
| Additional Bedroom | Second | 12x11 |
| Bedroom 3 | Second | 12x11 |
| Bathroom 3 | Second | 12x8 |
| Bedroom 4 | Second | 12x11 |
| Bedroom 5 | Second | 12x11 |
Listing Details
- Listing date
- 2026-01-02
- On market date
- 2026-01-02
- Original list price
- $949,000
- Occupant type
- Vacant
- MLS area
- 34746 - Kissimmee (West of Town)
- Listing AOR
- Orlando Regional
- Status changed
- 2026-01-02
- Tax legal description
- COVE AT STOREY LAKE 4 PB 30 PGS 18-35 LOT 355
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-4 East, take Exit 67 toward Kissimmee and continue onto FL-417 South. Take Exit 6 for Osceola Parkway, turn right onto Osceola Pkwy, then left onto Storey Lake Blvd, continue to Paragraph Dr and turn right to reach 4221 Paragraph Dr in Kissimmee.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of May 7, 2026 at 9:48 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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