Furnished Three-Bedroom Resort
For Sale
$215,000
111 RUM RUN, Davenport, FL 33897
Updated second-floor residence with resort amenities, private beach access, and furnishings suited to personal use or short-term rental.
Property Size1,227 SF
Price / SF$175.22
Days on Market48
Property Features for 111 RUM RUN
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Condo - Hotel
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
private sandy beach
heated pool
volleyball courts
fishing dock
6 hot tubs
splash pad
sports courts
fitness center
nature trails
24/7 gated security
Building Details
Year Built
2005
Listing Agency:
CENTURY 21 CARIOTI
(407) 354-0074
Listed By:
Alex Lukavsky · License #3370053
(321) 230-9870
Source:
Dennisrealty
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 CARIOTI
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Investment Insights
Based on property information with market context.
This fully furnished second-floor residence in Building 37 offers 1,227 square feet with three bedrooms and two bathrooms. Built in 2005, the unit has updated living and dining furniture, quartz countertops, a ceramic backsplash, stainless steel appliances, 42-inch kitchen cabinets, modern light fixtures, refreshed bathroom vanities and faucets, flat-screen televisions, and a walk-in shower. The property is presented as move-in ready and equipped for rental use.
The gated Bahama Bay Resort & Spa community includes four heated pools, six hot tubs, a splash pad, tennis, pickleball and basketball courts, a fitness center, nature trails, volleyball courts, a fishing dock, and 24/7 gated security. The residence is under a one-minute walk from the private sandy beach, heated pool, volleyball courts, and fishing dock, with Central Florida theme parks, dining, and shopping located minutes away.
The gated Bahama Bay Resort & Spa community includes four heated pools, six hot tubs, a splash pad, tennis, pickleball and basketball courts, a fitness center, nature trails, volleyball courts, a fishing dock, and 24/7 gated security. The residence is under a one-minute walk from the private sandy beach, heated pool, volleyball courts, and fishing dock, with Central Florida theme parks, dining, and shopping located minutes away.
Key Highlights
- 1,227 SF, three‑bedroom, two‑bathroom residence on the second floor of Building 37
- Fully furnished and updated with quartz countertops, stainless steel appliances, and 42‑inch kitchen cabinets
- Under a one‑minute walk to the private sandy beach, heated pool, volleyball courts, and fishing dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,622
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,440
$232.4K
Cap Rate 7%
$166,029
$166.0K
Cap Rate 9%
$129,133
$129.1K
Market Conditions
NOI Build-Up for 1,227 SF
Gross rent
$22.5K $18.36/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$21.1K $17.22/SF
− OpEx
−$9.5K −$7.75/SF
NOI
$11.6K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,440
Cap Rate 7%
$166,029
Cap Rate 9%
$129,133
Alternative Uses
Best Use
Apartment 5plus
$166.0K
$145.3K – $193.7K
NOI $11,622 @ 7.0% cap · market cap 5.41%
Second Best
Hotel Hospitality
$101.1K
$88.5K – $118.0K
NOI $7,078 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 33897, FL
25,352
Population
13,291
Households
1.9
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
607
Density / Sq Mi
$73,457
Median Household Income
$36,154
Median Earnings
$1,880
Median Rent
$279,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Updated second-floor residence with resort amenities, private beach access, and furnishings suited to personal use or short-term rental.
Where is this short term rental property located?
The property is located at 111 RUM RUN Davenport, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,227 SF, three‑bedroom, two‑bathroom residence on the second floor of Building 37; Fully furnished and updated with quartz countertops, stainless steel appliances, and 42‑inch kitchen cabinets; Under a one‑minute walk to the private sandy beach, heated pool, volleyball courts, and fishing dock
