240 FAMAGUSTA DRIVE, DAVENPORT, FL, 33896
Active68 days on marketListed Jun 4, 2026MLS #O6414108
About this home
240 FAMAGUSTA DRIVE
Welcome to this beautifully furnished 5-bedroom, 4.5-bath vacation home located in the highly desirable Azur Resort community. Designed for both personal enjoyment and investment potential, this spacious home features an open-concept floor plan, modern kitchen with granite countertops, large living and dining areas, and themed guest accommodations. Step outside to your private screened-in patio and splash pool, perfect for relaxing after a day at the parks. Azur Resort offers resort-style amenities and is conveniently located near Disney World, ChampionsGate, world-class golf, shopping, dining, and major highways. Zoned for short-term rentals, this turnkey property is an excellent opportunity for investors, vacation homeowners, or those seeking a flexible Florida lifestyle.
Facts & features
The home at a glance
5
Bedrooms
4.5
Bathrooms
2,048
Sqft
0.06 ac
Lot size
2023
Year built
Two
Levels
$269
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$4,594 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$4,594/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+31%
$/sqft vs AZUR RESIDENCE
$269 vs $212
Days on market
68 vs 55 typical
Where $269/sqft sits among the 8 homes for sale in AZUR RESIDENCE
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The investor lens
Two ways this home pays
This home sits inside Reunion, a community zoned to allow true short-term rentals — so it can earn as a nightly rental or a traditional lease. Here’s how the two paths compare.
Short-term rental
Zoned & eligible
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,285/mo median
Live Davenport rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Reunion
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Reunion is a short-term-rental community. See the full guide →
Reunion — neighborhood snapshot
Population
842
Median age
38
Median income
$94,766
Median home value
$343,600
Avg household
3
Households w/ children
94%
For the school run
Osceola County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Davenport market
$350K → $370K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
5 of 8
AZUR RESIDENCE have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 47% above the DAVENPORT 33896 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 240 FAMAGUSTA DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$375,000
404 FAMAGUSTA DRIVE · same community
5 bd · 4 ba · 2,048 sqft · $183/sqft · 99 DOM
Sold · Dec ’25$314,000
400 FAMAGUSTA DRIVE · same community
5 bd · 4 ba · 1,671 sqft · $188/sqft · 23 DOM
Sold · Dec ’25$314,000
633 TRIKOMO DRIVE · same community
5 bd · 4 ba · 1,671 sqft · $188/sqft · 17 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Arlinda Gokyar
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 240 FAMAGUSTA DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 240 FAMAGUSTA DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Arlinda's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
240 FAMAGUSTA DRIVE FAQs
What would the monthly payment be for 240 FAMAGUSTA DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,594/mo — principal and interest, the actual property-tax bill, the $525/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 240 FAMAGUSTA DRIVE?+
The association fee works out to $525 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 240 FAMAGUSTA DRIVE?+
The most recent tax bill on record (2025) was $5,137. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 240 FAMAGUSTA DRIVE be rented short-term?+
Yes — this home sits inside Reunion, a community zoned to allow short-term rentals. Nightly-rental income could change the math on this purchase entirely; request a free rental income analysis and our team will prepare projections for this exact home.
Are pets allowed at 240 FAMAGUSTA DRIVE?+
The listing reports pets: No. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Davenport?+
At $550,000, this home is listed about 41% above the Davenport median of $389,990. The market section on this page shows how the area is trending.
Which schools are assigned to 240 FAMAGUSTA DRIVE?+
Poinciana High School (high), Reedy Creek Elementary School (elementary), Horizon Middle School (middle) — Osceola County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$550,000 runs 47% above the DAVENPORT 33896 median.
02Zoned for nightly rentals
Reunion is one of the communities zoned to allow true short-term rentals — nightly income could change the math on this purchase entirely. Ask for the free rental analysis below.
03Your own pool
A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.
04Know the monthly fee
The association fee is $525/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
05The price has already moved
Listed at $575,000, now $550,000 — a $25K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LINART REALTY, LLC · Manzurul Haque. MLS #O6414108.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New Davenport homes, in your inbox
Like 240 FAMAGUSTA DRIVE but not quite? A daily digest of every new listing in Davenport — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Arlinda to ping you on any price or status change →