Furnished Resort
New
For Sale
$179,999
203 LUCAYA LOOP, Davenport, FL 33897
Ground-floor access and a private patio complement the three-bedroom layout.
Property Size1,227 SF
Price / SF$146.70
Days on Market4
Property Features for 203 LUCAYA LOOP
General Information
Standard status
Active
Size
1,227 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
multiple resort-style heated pools and hot tubs
splash pad
lakefront beach area
fitness center
tennis and basketball courts
restaurant
bar
walking trails
private ground-floor patio
Building Details
Year Built
2003
Listing Agency:
TEAM DONOVAN
(407) 705-2616
Listed By:
James Donovan · License #3110116
(407) 705-2128
Source:
Endlesssummerrealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 11:57AM
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 TEAM DONOVAN
Investment Insights
Based on property information with market context.
This furnished, first-floor condo at Bahama Bay Resort has three bedrooms and two full bathrooms. A private patio extends the living area outdoors. Updates include wood-look vinyl flooring installed around 2022, a replacement HVAC system from around 2021, and new twin beds and mattresses added in 2025. The kitchen has additional wood cabinetry, a tiled backsplash, updated lighting, and stainless-steel appliances installed between 2021 and 2023. Both bathrooms have been renovated. The building dates to 2003.
The unit is across from the main clubhouse and positioned between two swimming pools. Resort amenities include heated pools, hot tubs, a splash pad, a lakefront beach area, fitness center, tennis and basketball courts, restaurant, bar, and walking trails. Walt Disney World, Universal Studios, golf courses, dining, and shopping destinations are described as minutes away.
The unit is across from the main clubhouse and positioned between two swimming pools. Resort amenities include heated pools, hot tubs, a splash pad, a lakefront beach area, fitness center, tennis and basketball courts, restaurant, bar, and walking trails. Walt Disney World, Universal Studios, golf courses, dining, and shopping destinations are described as minutes away.
Key Highlights
- Furnished three‑bedroom, two‑bathroom condo
- First‑floor unit with a private patio, across from the clubhouse and between two pools
- HVAC system replaced around 2021; vinyl flooring installed around 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,622
Cap Rate
6.46%
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 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Ground-floor access and a private patio complement the three-bedroom layout.
Where is this short term rental property located?
The property is located at 203 LUCAYA LOOP Davenport, FL.
What is the asking price?
The asking price for this property is $179,999.
What are key features of this property?
This property features: Furnished three‑bedroom, two‑bathroom condo; First‑floor unit with a private patio, across from the clubhouse and between two pools; HVAC system replaced around 2021; vinyl flooring installed around 2022
