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Investor opportunity, primary residence, vacation home, or all three! This versatile property checks every box! Located in the highly sought-after Island Club West community right in Davenport Florida, this unique townhome features a spacious 3-bedroom, 2-bathroom in the main residence plus a private studio apartment complete with its own separate entrance, full bathroom, closet, and kitchenette. One of the biggest advantages? This property is short-term rental eligible, allowing owners to legally operate vacation rentals and capitalize on the area's thriving tourism market. Whether you're hosting Disney vacationers, housing local professionals, living in one unit while renting the other, or leasing both spaces for maximum income potential, the possibilities are endless. Inside the main residence, all bedrooms are located upstairs and feature brand-new carpeting, while the primary suite boasts a completely remodeled bathroom. Downstairs, you'll find an inviting kitchen, dining area, and living room that opens to a private lanai—perfect for grilling & relaxing after a day in the Florida sunshine. The attached studio functions as its own private living space, making it ideal for generating additional rental income, accommodating guests, or creating a multi-generational living arrangement. With a low HOA of just $230/month, residents enjoy access to outstanding community amenities including a resort-style pool, fitness center, tennis courts, clubhouse, and more. Conveniently located near Disney, major highways, shopping, dining, and entertainment, this home is positioned in one of Central Florida's fastest-growing corridors. The Davenport area continues to experience tremendous growth and demand, making now the perfect time to secure a property with built-in income potential. Whether you're looking for a smart investment, a primary residence with mortgage-offset opportunities, or a vacation rental designed to generate cash flow, this property delivers on every level. Opportunities like this don't come around often so schedule your showing today!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $223,999 | $223,999 | $223,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $117 | $117 | $117 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,342 | $1,397 | $1,845 |
| Total Monthly Payment | $1,534 | $1,589 | $2,037 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.