1234 Red Hill Road, Davenport, FL 33837
Local realty services provided by:ERA Grizzard Real Estate
Listed by: fabio gilbeaux
Office: advance florida realty, inc.
MLS#:S5155696
Source:MFRMLS
Price summary
- Price:$385,000
- Price per sq. ft.:$124.19
- Monthly HOA dues:$9.17
About this home
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. 1 bedroom and 1 full bathroom conveniently located on the first floor.
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....
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Home facts
- Year built:2024
- Subdivision & Development:LAKE CHARLES RESIDENCE PH 2
- Listing ID #:S5155696
- Added:72 day(s) ago
- Updated:October 28, 2026 at 02:47 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Flooring:Ceramic Tile, Vinyl, Wood
- Kitchen Description:Convection Oven, Dishwasher, Disposal, Freezer, Ice Maker, Microwave, Range, Refrigerator
- Bedroom Description:Primary Bedroom Upstairs, Walk-In Closet(s)
- Basement Description:Block
- Living area:2,522 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2024
- Building area:2,522 sq. ft.
- Lot area:0.11 Acres
- Architectural Style:Traditional
- Construction Materials:Concrete
- Exterior Features:Lighting, Private Mailbox
- Foundation Description:Block
- Levels:2 Story
Finances and disclosures
- Price:$385,000
- Price per sq. ft.:$124.19
- Tax amount:$9,093 (2025)
Features and amenities
- Appliances:Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Inside, Laundry Room, Washer
- Amenities:Cable Connected, Fiber Optics, Primary Bedroom Upstairs, Thermostat, Walk-In Closet(s)
- Pool features:Public Pool
- Smart home:Yes
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:2
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