1234 Red Hill Rd
Davenport, FL 33837
ActiveNew construction
List price
$385,000
Listing courtesy of ADVANCE FLORIDA REALTY, INC., 786-546-5558 (Fabio Gilbeaux)
MLS# S5155696 Status Active
Listing updated October 16, 2026
- Bedrooms
- 5
- Bathrooms
- 3.5
- Sq ft
- 2,522
- Year built
- 2024
HOA and fees $9/mo
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.
Facts
- Home type
- Single Family Residence
- Year built
- 2024
- Lot
- 0.11 acres
- Garage
- 2 spaces
- Stories
- 2
- HOA and fees
- $9/mo
- Annual taxes
- $9,093
- Builder
- Dr Horton
- Construction
- Completed
- Subdivision
- Lake Charles Residence Ph 2
- County
- Polk
Features
- Waterfront
- Waterfront, Lake Front
Virtual tour
Location
Map: OpenFreeMap, © OpenMapTiles, © OpenStreetMap contributors
Similar listings by price and type
Loading similar listings...
Listings courtesy of Stellar MLS as distributed by MLS Grid.
This website is operated by Tyler Landon, Keller Williams Realty at the Lakes, 321-800-5294.
Based on information submitted to the MLS GRID as of November 10, 2026 at 1:30 PM EST. 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.
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. The data is deemed reliable but is not guaranteed by MLS GRID, and use of the MLS GRID data may be subject to an end user license agreement prescribed by Stellar MLS.
Some IDX listings have been excluded from this website.
Any use or search of the data on this website other than by a consumer looking to purchase real estate is prohibited.