Fully Furnished Short-Term Rental
For Sale
$214,700
504 RUM RUN, Davenport, FL 33897
Ground-floor fully furnished three-bedroom condo with screened patio in Building 33 of Bahama Bay Resort with recent major upgrades.
Property Size1,227 SF
Price / SF$174.98
Days on Market101
Property Features for 504 RUM RUN
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
heated outdoor pools
hot tubs
children's splash pad
sports courts
nature trails
lakefront pier
fitness center
Tradewinds Restaurant & Bar
24/7 gated entry
private screened patio
Building Details
Year Built
2006
Listing Agency:
TEAM DONOVAN
Listed By:
James Donovan · License #3110116
(407) 705-2616
Source:
Endlesssummerrealty
Added: Jul 28
Changed: Nov 5
Last Checked: Nov 4 at 3:26PM
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
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Investment Insights
Based on property information with market context.
Escape to a tropical paradise at this fully furnished, ground-floor three-bedroom, two-bath condo in Building 33 of Bahama Bay Resort. The layout is single-level with effortless access and no stairs, and the home opens to a private screened patio for relaxing outdoors. Built in 2006, the condo is offered as a furnished short-term rental-ready residence.
The condo is set within Bahama Bay Resort, spread across 70 landscaped acres along the shores of Lake Davenport. Resort amenities include four heated outdoor pools, six hot tubs, a children’s splash pad, sports courts, nature trails, a lakefront pier, and a fitness center, plus the on-site Tradewinds Restaurant & Bar. Entry is secured with 24/7 gated access.
Major updates are in place, including a roof redone approximately 2 years ago, HVAC installed in 2021, and a new water heater from Fall 2025.
The condo is set within Bahama Bay Resort, spread across 70 landscaped acres along the shores of Lake Davenport. Resort amenities include four heated outdoor pools, six hot tubs, a children’s splash pad, sports courts, nature trails, a lakefront pier, and a fitness center, plus the on-site Tradewinds Restaurant & Bar. Entry is secured with 24/7 gated access.
Major updates are in place, including a roof redone approximately 2 years ago, HVAC installed in 2021, and a new water heater from Fall 2025.
Key Highlights
- Ground‑floor, single‑level condo with no stairs in Building 33
- Private screened patio and fully furnished interior
- Three bedrooms, two bathrooms
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
—
—
no second resolved use
Theoretical Best
Office A
$294.9K
$258.0K – $344.0K
NOI $20,640 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
155
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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 - Ground-floor fully furnished three-bedroom condo with screened patio in Building 33 of Bahama Bay Resort with recent major upgrades.
Where is this short term rental property located?
The property is located at 504 RUM RUN Davenport, FL.
What is the asking price?
The asking price for this property is $214,700.
What are key features of this property?
This property features: Ground‑floor, single‑level condo with no stairs in Building 33; Private screened patio and fully furnished interior; Three bedrooms, two bathrooms
