About 1234 Red Hill Road
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.
Features of 1234 Red Hill Road
| MLS® # | S5155696 |
|---|---|
| Price | $385,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 2,522 |
| Acres | 0.11 |
| Year Built | 2024 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Traditional |
| Status | Active |
Listing Details
| Office | ADVANCE FLORIDA REALTY, INC. |
|---|
Listing Map
Neighborhood Information for 1234 Red Hill Road
Very Rapid Population Growth, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Horizons Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
2 Miles | |
|
Ridge Christian Academy Private - Preschool to 9Th Grade - Closest Middle School |
2 Miles | |
|
|
Davenport Community Campus Public - 12Th Grade to 12Th Grade |
3 Miles | |
|
|
New Direction Academy - Haines Private - 4Th Grade to 12Th Grade |
4 Miles | |
|
Bethune Academy Public - Kindergarten to 5Th Grade |
4 Miles | |
|
|
Haines City Headstart Center Public - Preschool to Preschool |
4 Miles | |
|
|
Lighthouse Christian Learning Center Private - 1St Grade to 12Th Grade |
5 Miles |
School data provided by GreatSchools