504 TERRACE RIDGE CIRCLE UNIT 5, DAVENPORT, FL, 33896
Active41 days on marketListed Sep 28, 2026MLS #O6445485
About this home
504 TERRACE RIDGE CIRCLE UNIT 5
Welcome to 504 Terrace Ridge Circle #311, a spacious 4-bedroom, 2-bath condominium offering 1,688 square feet of comfortable living space in the gated Terrace Ridge at Town Center community. This desirable first-floor residence features an open and functional floor plan with a spacious kitchen, dining area, and inviting living space perfect for everyday living and entertaining. A combination of luxury vinyl, tile, and carpet flooring adds comfort and style throughout the home. Residents of Terrace Ridge enjoy resort-style amenities including a community pool, clubhouse, fitness center, and recreational areas. The community’s convenient Davenport location provides easy access to I-4, shopping, dining, golf courses, and Central Florida’s world-famous attractions. Whether you're looking for a primary residence, vacation getaway, or investment opportunity, this spacious condo offers flexibility, convenience, and plenty of room to enjoy the Florida lifestyle.
Facts & features
The home at a glance
4
Bedrooms
2
Bathrooms
1,688
Sqft
0.02 ac
Lot size
2005
Year built
One
Levels
$160
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.
$3,147 /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
$3,147/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
+2.3%
$/sqft vs TERRACE RIDGE AT TOWN CENTER EAST CONDO
$160 vs $146
Days on market
41 vs 73 typical
Where $160/sqft sits among the 10 homes for sale in TERRACE RIDGE AT TOWN CENTER EAST CONDO
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 Town Center, 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 Town Center
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Town Center is a short-term-rental community. See the full guide →
Town Center — neighborhood snapshot
Population
2,652
Median age
35
Median income
$59,189
Median home value
$287,300
Avg household
3
Households w/ children
281
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 → $346K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
6 of 10
TERRACE RIDGE AT TOWN CENTER EAST CONDO have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 26% below the DAVENPORT 33896 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 504 TERRACE RIDGE CIRCLE UNIT 5
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$185,000
205 TERRACE RIDGE CIRCLE UNIT 205 · same community
4 bd · 2 ba · 1,688 sqft · $110/sqft · 295 DOM
Sold · Jan ’26$200,000
724 TERRACE RIDGE CIRCLE UNIT 724 · same community
3 bd · 2 ba · 1,542 sqft · $130/sqft · 261 DOM
Sold · Mar ’26$220,000
617 TERRACE RIDGE CIRCLE UNIT 617 · same community
3 bd · 2 ba · 1,542 sqft · $143/sqft · 141 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
John Carpenter
CFO/Broker · CENTURY 21 Edge
Tours, negotiation, and every question about 504 TERRACE RIDGE CIRCLE UNIT 5 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 504 TERRACE RIDGE CIRCLE UNIT 5 — before you fall in love.
See it in person
Schedule a tour
Live availability from John's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
504 TERRACE RIDGE CIRCLE UNIT 5 FAQs
What would the monthly payment be for 504 TERRACE RIDGE CIRCLE UNIT 5?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $3,147/mo — principal and interest, the actual property-tax bill, the $755/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 504 TERRACE RIDGE CIRCLE UNIT 5?+
The association fee works out to $755 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 504 TERRACE RIDGE CIRCLE UNIT 5?+
The most recent tax bill on record (2025) was $3,110. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 504 TERRACE RIDGE CIRCLE UNIT 5 be rented short-term?+
Yes — this home sits inside Town Center, 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 504 TERRACE RIDGE CIRCLE UNIT 5?+
The listing reports pets: Cats OK, Dogs OK, Number Limit, Size Limit. 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 $270,000, this home is listed about 30% below the Davenport median of $385,000. The market section on this page shows how the area is trending.
Which schools are assigned to 504 TERRACE RIDGE CIRCLE UNIT 5?+
Loughman Oaks Elementary School (elementary), Ridge Community High School (high), Shelley S. Boone Middle School (middle) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the DAVENPORT 33896 market on paper
$270,000 is 26% below the DAVENPORT 33896 median of $365,000, and at $160/sqft it sits under the Davenport average of $191.
02Zoned for nightly rentals
Town Center 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.
03Know the monthly fee
The association fee is $755/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 THE C SMITH REAL ESTATE GROUP LLC · Jason Etayo. MLS #O6445485.
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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