Furnished Two-Bedroom Rental
For Sale
$199,900
512 LUCAYA LOOP, Davenport, FL 33897
Resort condominium with updated finishes, screened outdoor space, and access to extensive recreation amenities.
Property Size1,173 SF
Price / SF$170.42
Days on Market51
Property Features for 512 LUCAYA LOOP
General Information
Standard status
Active
Size
1,173 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
heated pools
hot tubs
splash pad
tennis courts
basketball courts
pickleball courts
grilling areas
nature trails
private beach
lakefront recreation area
fishing access
on-site dining
fitness facilities
property management options
0.02 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 26-25-12-999967-032060, Public Survey Range: 26, Public Survey Section: 12, Annual Amount: $2,540.44, Tax Book Number: 12 / 25-45, Legal Description: BAHAMA BAY, A CONDOMINIUM CONDO BK 12 PGS 25 THRU 45 OR 5169 PGS 1306 THRU 1397 & OR 5191 PGS 263 THRU 283 PHASE THREE UNIT 3206 & AN UNDIVIDED INTEREST IN THE COMMON ELEMENTS PER CONDO DECLARATION, Year: 2025
Luxury Vinyl
Central Air
Central
Inside, Laundry Closet, Same Floor As Condo Unit
Listing ID: MFRV4951116, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-09-14, Special Conditions: None
2 total bedrooms
Built in 2003, Living area: 1173, Living area units: Square Feet, Building faces West, 3 stories, Levels: One, Construction Materials: Block, HardiPlank Type, Frame
Subdivision: BAHAMA BAY A CONDO, MLS Area (Major): 33897 - Davenport, County/Parish: Polk
Completed
2 total bathrooms, 2 full bathrooms
Clubhouse, Deed Restrictions, Fitness Center, Gated Community - Guard, Park, Playground, Pool, Restaurant, Sidewalks, Tennis Court(s), Street Lights
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Allowed: No
Road Surface: Asphalt, Paved
Balcony, Lighting, Playground, Sidewalk, Tennis Court(s)
Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Thermostat, Window Treatments
Convection Oven, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Other equipment: Playground
Association Fee: $0, Fee Frequency: Monthly, Fee Includes: Guard - 24 Hour, Cable TV, Internet, Maintenance Structure, Maintenance Grounds, Pool, Sewer, Trash, Water, Amenities: Basketball Court, Cable TV, Gated, Park, Pickleball Court(s), Playground, Pool, Recreation Facilities, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s), Trail(s), Vehicle Restrictions
Building Details
Year Built
2003
Listing Agency:
LPT REALTY LLC
(386) 204-6398
Listed By:
Jon Hall · License #3443187
(407) 840-2320
Source:
Miharaandassociates
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 3 at 6:45AM
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 LPT REALTY LLC
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Investment Insights
Based on property information with market context.
This furnished two-bedroom, two-bath condominium at Bahama Bay Resort provides 1,173 square feet of interior space and a flexible ownership format for personal stays or permitted short-term rentals. The residence has an open living and dining area, a carpet-free interior, a kitchen with granite countertops and a new tile backsplash, and a remodeled primary bathroom. A screened balcony faces one of the community pools, which is located nearby.
The gated, manned resort includes 4 heated pools, 6 hot tubs, a splash pad, tennis, basketball, and pickleball courts, grilling areas, nature trails, a private beach and lakefront recreation area, and fishing access on Lake Davenport. On-site dining, fitness facilities, and property management options are also available through the resort’s management program. The property is near US-27 and I-4, with access to Walt Disney World, Universal, SeaWorld, golf, shopping, and dining.
The gated, manned resort includes 4 heated pools, 6 hot tubs, a splash pad, tennis, basketball, and pickleball courts, grilling areas, nature trails, a private beach and lakefront recreation area, and fishing access on Lake Davenport. On-site dining, fitness facilities, and property management options are also available through the resort’s management program. The property is near US-27 and I-4, with access to Walt Disney World, Universal, SeaWorld, golf, shopping, and dining.
Key Highlights
- Fully furnished 2‑bedroom, 2‑bath condominium with 1,173 sq ft of living space
- Short‑term rentals are permitted for flexible personal and vacation‑rental use
- Screened balcony overlooks a community pool, with the pool just steps away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,111
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,220
$222.2K
Cap Rate 7%
$158,729
$158.7K
Cap Rate 9%
$123,456
$123.5K
Market Conditions
NOI Build-Up for 1,173 SF
Gross rent
$21.5K $18.36/SF
− Vacancy
−$1.3K −$1.14/SF
EGI
$20.2K $17.22/SF
− OpEx
−$9.1K −$7.75/SF
NOI
$11.1K $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%
$222,220
Cap Rate 7%
$158,729
Cap Rate 9%
$123,456
Alternative Uses
Best Use
Apartment 5plus
$158.7K
$138.9K – $185.2K
NOI $11,111 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.9K
$246.7K – $328.9K
NOI $19,732 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Resort condominium with updated finishes, screened outdoor space, and access to extensive recreation amenities.
Where is this short term rental property located?
The property is located at 512 LUCAYA LOOP Davenport, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Fully furnished 2‑bedroom, 2‑bath condominium with 1,173 sq ft of living space; Short‑term rentals are permitted for flexible personal and vacation‑rental use; Screened balcony overlooks a community pool, with the pool just steps away
