CENTURY 21 Edge
✦ Short-Term Rental Eligible
$285,0004 bd3 ba1,492 sqft$191 /sqft≈$3,141 /mo all-in ↓

121 PALERMO STREET, DAVENPORT, FL, 33897

Active15 days on marketListed Oct 23, 2026MLS #O6444782

✦ Priced 13% below the DAVENPORT 33897 medianFully furnishedTownhouseREGAL PALMS AT HIGHLAND RESERVE

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

FurnishedPets allowed

Inside

FlooringCarpet · Ceramic Tile · Laminate
AppliancesDishwasher · Disposal · Microwave · Range
InteriorKitchen/Family Room Combo · Open Floorplan · PrimaryBedroom Upstairs · Split Bedroom · Thermostat
LaundryInside
CoolingCentral Air
HeatingCentral
FurnishedFurnished

Outside & construction

RoofShingle
ConstructionBlock · Stucco · Wood Frame
FoundationSlab
FacesEast
ExteriorLighting · Rain Gutters · Sliding Doors

Community & fees

HOA fee$637/mo
Taxes (2025)$3,131/yr
PetsBreed Restrictions, Yes
CommunityClubhouse · Deed Restrictions · Fitness Center · Gated Community - No Guard · Park · Playground · Pool · Sidewalks

Utilities & systems

UtilitiesPublic
WaterPublic

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%

Principal & interest$1,957
FHA mortgage insurance (est.)$126
Property tax — 2025 actual bill$261
HOA fee — from the listing$637
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $9,975Loan30-yr fixed at 7.5%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $9,975
Interest rate7.50%
Loan term

Estimated payment

$3,141/mo

Principal & interest$1,957
FHA mortgage insurance (est.)$126
Property taxes (actual bill)$261
HOA / condo fee$637
Est. insurance$160

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.

List $285K
$175KedgeAI estimate $202,170 · range $182K–$212K$296K

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

1
2
4
0
2
0 · this home
$134–144$144–153$153–163$163–172$172–182$182+

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

Nightly rentalsAllowed
CommunityHighlands Reserve
Fine-tuned for this homePrepared free by our team
Get the free rental analysis

Projected nightly rate, occupancy and annual revenue for this exact home.

Long-term rental

$2,200/mo median

MarketDavenport
Annual gross at median$26,400
Gross yield on this price9.3%
Homes for rent right now593

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

Walt Disney World≈ 19 min
Universal Orlando≈ 33 min
Downtown Orlando≈ 39 min
Orlando Int’l Airport (MCO)≈ 44 min
Downtown Tampa≈ 65 min

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

ElementaryLoughman Oaks Elementary School★★★★★
HighRidge Community High School★★★★★
MiddleLake Alfred Polytech Academy★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Davenport market

Seller’s marketBalanced — 6.7 months of inventoryBuyer’s 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

Oct 23, 2026Listed at $285,000 · 15 days on market since
2005Built · REGAL PALMS AT HIGHLAND RESERVE

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.

329 VERONA AVENUESold · Mar ’26

$250,000

329 VERONA AVENUE · same community

4 bd · 3 ba · 1,492 sqft · $168/sqft · 110 DOM

417 LA MIRAGE STREETSold · May ’26

$217,000

417 LA MIRAGE STREET · same community

4 bd · 3 ba · 1,492 sqft · $145/sqft · 29 DOM

447 LA MIRAGE STREETSold · 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.

Iain Robinson

Your agent

Iain Robinson

Broker Associate · CENTURY 21 Edge

Tours, negotiation, and every question about 121 PALERMO STREET — start here.

Andrew Acosta

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.

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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