Waterfront - New Construction

Address

1234 Red Hill Road, DAVENPORT, FL

Listing Type

Active

Price

$ 385,000

Property Attributes

MLS#S5155696
TypeSingle Family
Listing Status Active
CountyPolk
CityDAVENPORT
AreaDavenport
NeighborhoodLAKE CHARLES RESIDENCE PH 2
Zip33837
StyleTraditional
Year Built2024
Taxes$ 9093
Price$ 385,000
Bedrooms5
Full Bathrooms3
Half Bathrooms1
Sqr Footage2522
Lot Size0.11 Acres

Data Source:

Stellar MLS

Property Description

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.

Price History
8/16/2026	Listed $385,000

General Features

Sewer	None
Heating	Central
Cooling	Central Air
Utilities	Cable Connected,Fiber Optics,Sprinkler Meter
Roof	Shingle
Appliances	Convection Oven,Dishwasher,Disposal,Dryer,Freezer,Ice Maker,Microwave,Range,Refrigerator,Washer
HOA Fee	110
Garage Spaces	2
Architectural Style	Traditional
Construction Materials	Concrete
Pets Allowed	Cats OK,Dogs OK
Year Built	2024
Levels	Two
Property Subtype	Single Family Residence
Tax Year	2025
Ownership	Fee Simple
Waterfront Features	Lake Front
Assoc Fee Paid Per	Annually
County	Polk
New Construction	true
Property Type	Residential
Attached Garage	true
Subdivision Name	LAKE CHARLES RESIDENCE PH 2
Facing Direction	Southwest
Garage Y/N	true
Total Rooms	15
Full Baths	3
Status	Active
Directions	Go on Us 27 to Massee Rd, turn west. Drive for 4-5 blocks, Charles cove will be at your left
City	DAVENPORT
Association Name	Mary
Senior Community Y/N	false
MLS Area	33837 - Davenport
Lot Size Units	Square Feet
Lot Size Square Feet	4940
Carport Y/N	false
Property Attached Y/N	false
Land Lease Y/N	false
Tax Annual Amount	9093
Property Condition	Completed
Additional Parcels Y/N	false
Lease Considered Y/N	true
Virtual Tour	https://www.propertypanorama.com/instaview/stellar/S5155696
Building Area Units	Square Feet
Living Area Units	Square Feet
Builder Name	Dr Horton
Standard Status	Active
Occupancy Type	Tenant
Tax Lot	435
Legal Description	LAKE CHARLES RESORT PHASE 2 PB 189 PG 4-8 LOT 435
Water View	Lake
Water Access Type	Lake
Minimum Lease	7 Months
Water Access Y/N	true
Monthly HOA Amount	9.17
Water View Y/N	true
Flood Zone Code	X
In Law Suite YN	false
Flood Zone Code X	Yes

Interior Features

Interior Amenities	PrimaryBedroom Upstairs,Thermostat,Walk-In Closet(s)
Flooring	Ceramic Tile,Vinyl,Hardwood
Furnished Y/N	Unfurnished
Air Conditioning Y/N	true
Heating Y/N	true
Fireplace Y/N	false
Half Baths	1
Laundry Features	Inside,Laundry Room
Total Bedrooms	5
LivingAreaSource	Owner
Total Baths	4

Exterior Features

Exterior Amenities	Lighting,Private Mailbox
Water Source	Canal/Lake For Irrigation
Lot Size Area	4940
Foundation Details	Block
Building Area Total	3100
Lot Size Acres	0.11
Road Surface Type	Asphalt
Private Pool	false
Waterfront Y/N	true
Covered Spaces	2