
121 PALERMO STREET, DAVENPORT, FL, 33897
Active15 days on marketListed Oct 23, 2026MLS #O6444782
About this home
121 PALERMO STREET
Sold furnished and currently used as a short-term rental, this four-bedroom, three-bath townhouse pairs the space of a two-story home with the amenities of Regal Palms Resort. Palm trees frame the front approach, while inside, soft coastal colors, white kitchen cabinetry, and connected living and dining areas create an inviting setting for time together between days out in Central Florida. The kitchen opens to the main living space across a breakfast bar, with stainless steel appliances and ceramic tile flooring keeping the look clean and simple. Beyond the dining area, the living room opens through sliding glass doors to a covered rear porch, adding a shaded spot for morning coffee or an evening outdoors. A bedroom and full bathroom on the first floor give guests an alternative to the upstairs sleeping areas, and a separate laundry area keeps practical needs close at hand. Upstairs, the primary suite offers a generous bedroom, closet storage, and a private bathroom with a tub-shower combination and vanity. Two additional bedrooms and a third full bathroom complete the 1,492-square-foot layout, giving the home four distinct sleeping spaces without sacrificing its shared living areas. The resort experience continues beyond the front door: float along the lazy river, spend an afternoon at the waterslide and zero-entry pool, or make use of the clubhouse, fitness center, spa, playground, and on-site dining. Set in Davenport within Regal Palms at Highland Reserve, the home brings furnished accommodations, a flexible bedroom arrangement, and an established resort setting together in one Central Florida property. Buyers should verify association requirements, permitted occupancy and rental use, and any separate resort or amenity fees.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
1,492
Sqft
0.04 ac
Lot size
2005
Year built
Two
Levels
$191
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.
$3,141 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
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
$3,141/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.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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
+41%
$/sqft vs REGAL PALMS AT HIGHLAND RESERVE
$191 vs $161
Days on market
15 vs 73 typical
Where $191/sqft sits among the 9 homes for sale in REGAL PALMS AT HIGHLAND RESERVE
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
$2,200/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
6,668
Median age
36
Median income
$80,955
Median home value
$330,949
Avg household
3
Households w/ children
861
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
$343K → $347K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
4 of 9
REGAL PALMS AT HIGHLAND RESERVE have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 13% below the DAVENPORT 33897 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 121 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 · Mar ’26$250,000
329 VERONA AVENUE · same community
4 bd · 3 ba · 1,492 sqft · $168/sqft · 110 DOM
Sold · May ’26$217,000
417 LA MIRAGE STREET · same community
4 bd · 3 ba · 1,492 sqft · $145/sqft · 29 DOM
Sold · Mar ’26$268,000
447 LA MIRAGE STREET · same community
4 bd · 3 ba · 1,492 sqft · $180/sqft · 61 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
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 121 PALERMO STREET — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 121 PALERMO STREET — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
121 PALERMO STREET FAQs
What would the monthly payment be for 121 PALERMO STREET?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $3,141/mo — principal and interest, the actual property-tax bill, the $637/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 121 PALERMO STREET?+
The association fee works out to $637 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 121 PALERMO STREET?+
The most recent tax bill on record (2025) was $3,131. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 121 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 121 PALERMO STREET?+
The listing reports pets: Breed Restrictions, 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 $285,000, this home is listed about 26% below the Davenport median of $385,000. The market section on this page shows how the area is trending.
Which schools are assigned to 121 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
$285,000 is 13% below the DAVENPORT 33897 median of $327,000.
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 $637/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 REAL BROKER, LLC · Peter Luu. MLS #O6444782.
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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