1234redhillroaddavenportfl33837
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5 Beds
3 Full baths
2,522SqFt
Active
INVESTOR OPPORTUNITY – ASKING $385,000 – 6.9 CAP RATE – 5 BED / 3 BATH LAKEFRONT HOME – BUILT 2023 Exceptional investment opportunity in the desirable Charles Cove community in Davenport! ASKING ONLY $385,000. This spacious 5-bedroom, 3-full-bath, 2-car garage lakefront home, built in 2023, offers one of the best prices in Davenport for a home of this size, style, and age, combined with exceptionally low ownership costs: HOA only $110/year, insurance approximately $1,500/year, and property taxes approximately $3,495/year. Already tenant-occupied at $2,640/month through April 2027, providing immediate rental income and an outstanding 6.9 CAP RATE. The modern two-story floor plan features an open-concept living area and a convenient first-floor bedroom with full bathroom, ideal for guests or multi-generational living. Upstairs you'll find the spacious primary suite, three additional bedrooms, two full bathrooms, a loft, and laundry room. Smart-home features and tile/wood-style flooring throughout the first floor add to the home's appeal. Enjoy beautiful lakefront views and Charles Cove's resort-style amenities, including a community pool with kiddie splash zone, playground, multi-purpose sports/soccer field, shaded cabanas, picnic areas, and pavilion. Excellent Davenport location just off US Hwy 27, approximately 15 miles from Disney's main gate, and convenient to Posner Park/Posner Village, shopping, restaurants, schools, and major Central Florida attractions. INVESTMENT HIGHLIGHTS: Asking $385,000 | Built 2023 | 5 Beds | 3 Full Baths | 2-Car Garage | Lakefront | Rent $2,640/Month Through April 2027 | 6.9 CAP Rate | HOA $110/Year | Insurance Approx. $1,500/Year | Property Taxes Approx. $3,495/Year | Immediate Rental Income.
Property Details | ||
|---|---|---|
| Price | $385,000 | |
| Bedrooms | 5 | |
| Full Baths | 3 | |
| Half Baths | 1 | |
| Property Style | Traditional | |
| Lot Size Area | 4940 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.11 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Features | PrimaryBedroom Upstairs, Thermostat, Walk-In Closet(s) | |
| Exterior Features | Lighting, Private Mailbox | |
| Year Built | 2024 | |
| Subdivision | LAKE CHARLES RESIDENCE PH 2 | |
| Roof | Shingle | |
| Heating | Central | |
| Foundation | Block | |
| Laundry Features | Inside, Laundry Room | |
| Garage spaces | 2 | |
| Association Name | Mary | |
| Association Fee | 110 | |
Geographic Data | ||
| Directions | Go on Us 27 to Massee Rd, turn west. Drive for 4-5 blocks, Charles cove will be at your left | |
| County | Polk | |
| Latitude | 28.173711 | |
| Longitude | -81.655065 | |
| Market Area | 33837 - Davenport | |
Address Information | ||
| Address | 1234 RED HILL ROAD, DAVENPORT, FL 33837 | |
| Postal Code | 33837 | |
| City | DAVENPORT | |
| State | FL | |
| Country | United States | |
Listing Information | ||
| Listing Office | ADVANCE FLORIDA REALTY, INC. | |
| Listing Agent | Fabio Gilbeaux | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Aug 16, 2026 | |
| Listing Last Modified | Aug 16, 2026 | |
| Tax ID | 272631709006004350 | |
| Tax Year | 2025 | |
| Tax Annual Amount | 9093 | |
| MLS Area | 33837 - Davenport | |
| MLS # | S5155696 | |
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