1234redhillroaddavenportfl33837

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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