130 PALERMO STREET, DAVENPORT, FL, 33897
Active28 days on marketListed Aug 23, 2026MLS #O6434972
About this home
130 PALERMO STREET
Short Sale. Discover this FULLY FURNISHED, BEAUTIFULLY UPDATED, END-UNIT townhome in the amenity-filled Regal Palms Resort & Spa, offering the perfect blend of vacation living, investment opportunity, or a year-round residence. This spacious end-unit boasts two master suites—one conveniently located on the main floor (can be rented as an individual lockout for more revenue) and another upstairs. The home features a fully renovated kitchen with brand-new appliances, modernized bathrooms, and sleek flooring throughout. Enjoy a maintenance-free lifestyle as the exterior and landscaping are professionally managed for you, allowing you to focus on all the world-class amenities, truly a turn-key experience! The resort offers a day spa, on-site restaurant, tiki bar, zero-entry pool, water slide, lazy river, arcade, fitness center, volleyball court, and a playground—endless entertainment options right at your doorstep - which is a great attractor to potential renters! Perfectly situated adjacent to the Highlands Reserve Golf Club and just minutes from Orlando’s top attractions, including theme parks (Disney, Universal, Sea World), this townhome presents a rare opportunity for short-term rental, vacation ownership, or primary residence. Live where others vacation!
Facts & features
The home at a glance
4
Bedrooms
3.5
Bathrooms
1,856
Sqft
0.07 ac
Lot size
2005
Year built
Two
Levels
$143
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.
$2,828 /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
$2,828/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
+2%
$/sqft vs Davenport actives
$143 vs $186
Days on market
28 vs 54 typical
Where $143/sqft sits among the 400 Davenport actives
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 Highlands Reserve, 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
$2,250/mo median
Live Davenport rental listing data — this home’s rate depends on size, condition and furnishing.
Where it sits
Inside Highlands Reserve
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Highlands Reserve is a short-term-rental community. See the full guide →
Highlands Reserve — neighborhood snapshot
Population
6,506
Median age
36
Median income
$84,032
Median home value
$295,812
Avg household
3
Households w/ children
814
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Davenport market
$350K → $366K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
199 of 400
Davenport actives have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 22% below the DAVENPORT 33897 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 130 PALERMO STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$262,500
538 TERRA LAGO STREET · same community
4 bd · 3.5 ba · 1,856 sqft · $141/sqft · 7 DOM
Sold · Apr ’26$258,000
602 LA MIRAGE STREET · same community
4 bd · 3.5 ba · 1,856 sqft · $139/sqft · 22 DOM
Sold · Jul ’26$225,000
487 LA MIRAGE STREET · same community
4 bd · 3 ba · 1,492 sqft · $151/sqft · 185 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
Elizabeth Elliott
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 130 PALERMO STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 130 PALERMO STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Elizabeth's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
130 PALERMO STREET FAQs
What would the monthly payment be for 130 PALERMO STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,828/mo — principal and interest, the actual property-tax bill, the $706/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 130 PALERMO STREET?+
The association fee works out to $706 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 130 PALERMO STREET?+
The most recent tax bill on record (2025) was $3,422. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 130 PALERMO STREET be rented short-term?+
Yes — this home sits inside Highlands Reserve, 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 130 PALERMO STREET?+
The listing reports pets: Yes. 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 $264,900, this home is listed about 32% below the Davenport median of $389,900. The market section on this page shows how the area is trending.
Which schools are assigned to 130 PALERMO STREET?+
Loughman Oaks Elementary School (elementary), Ridge Community High School (high), Lake Alfred Polytech Academy (middle) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the DAVENPORT 33897 market on paper
$264,900 is 22% below the DAVENPORT 33897 median of $339,500, and at $143/sqft it sits under the Davenport average of $195.
02Zoned for nightly rentals
Highlands Reserve 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.
03Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
04Know the monthly fee
The association fee is $706/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
Keep looking
Similar homes nearby
Listing courtesy of PREFERRED REAL ESTATE BROKERS · Brandon Laskos. MLS #O6434972.
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.
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