Active$365,000
5420 MEADOW WALK DRIVE
DAVENPORT, FL 33837
5 beds3 baths2,326 sqft
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Active · Single Family
1234 RED HILL ROAD
DAVENPORT, FL 33837
Beds
5 beds
Baths
4 baths
Area
2,522 sqft
Single FamilyBuilt 20244,940 sqft lot2-car garageCentralCentral Air$153/sqft3 days on market
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. 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 & features
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Living area
- 2,522 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Ceramic Tile, Vinyl, Wood
- Features
- PrimaryBedroom Upstairs, Thermostat, Walk-In Closet(s)
- Appliances
- Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Ice Maker…
Exterior & lot
- Lot size
- 4,940 sqft (0.11 ac)
- Waterfront
- Yes
- Roof
- Shingle
- Construction
- Concrete
- Exterior
- Lighting, Private Mailbox
Parking
- Garage
- 2 spaces
Financial
- HOA dues
- $110 / annually
- Annual tax
- $9,093 (2025)
- Price / sqft
- $153/sqft
Utilities
- Water
- Canal/Lake For Irrigation
- Sewer
- None
- Utilities
- Cable Connected, Fiber Optics, Sprinkler Meter
Property
- Property type
- Single Family
- Year built
- 2024
- Subdivision
- LAKE CHARLES RESIDENCE PH 2
- County
- Polk
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR802897380
- Source
- Stellar MLS
Listed by Fabio Gilbeaux · ADVANCE FLORIDA REALTY, INC.
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
$360k
−6.6% vs asking
$337k low$383k high
Based on 14 comparable sales within 4 miles of DAVENPORT, FL, this home is priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$2,714/mo
- Principal & interest
- $1,947/mo
- Property tax
- $758/mo
- Home insurance
- $0/mo
- HOA dues
- $9/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 15, 2026 | Listed | $385,000 | — |
NeighbourhoodSample data
Reference scores for DAVENPORT, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Walk Score
84/ 100
Very walkable
Transit Score
54/ 100
Good transit
Bike Score
59/ 100
Bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home
Location
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