
507 CADIZ DRIVE, DAVENPORT, FL, 33837
Active348 days on marketListed Aug 27, 2025MLS #P4936042
About this home
507 CADIZ DRIVE
Priced to Sell and FLAWLESS HOME nestled in the 24-hr guard-gated Del Webb Orlando 55+ neighborhood in Davenport, FL. This spacious home boasts a well-designed floor plan spanning across a total 2,616 square feet. Upon entering, you'll be greeted by a welcoming foyer that leads you into the heart of the home, where beautiful wood floors and a warm ambiance await. The living room is an inviting space, perfect for relaxation or entertaining guests. With its elegant design and cozy atmosphere, it sets the stage for memorable moments with loved ones. The kitchen showcases modern stainless appliances with a gas stove, overhead and under cabinet lighting, ample cabinet space, 1-1/4" granite countertops and a convenient breakfast bar. Whether you're preparing a gourmet feast or whipping up a quick meal, this well-appointed kitchen is sure to inspire your inner chef. The master suite is a true retreat featuring a generously sized bedroom, a walk-in closet, and an en-suite bathroom with walk-in shower and dual sinks. The additional bedrooms, den/office/bedroom, and bonus room are spacious and versatile, accommodating various needs and lifestyles. The backyard provides complete privacy with hedges lining the windows of the enclosed FL Room. Home is a true 1.5 story floor plan with a fourth bedroom and bonus room above. All upstairs furniture and FL room furniture will stay with the home. Conveniently located, provides easy access to a range of both community center and area amenities. Inside, the community offers bocce ball, tennis, pickleball, dog park, fitness center, indoor lap pool, outdoor pool and spa, fire pit, arts and crafts room and tavern!! There are too many clubs to mention as well!! Enjoy proximity to shopping centers, restaurants, Orlando theme parks, and entertainment options, ensuring you have everything you need within reach. Additionally, the home is situated in close proximity to I-4. Go West or East on I-4 to go directly to the beaches. Other improvements include; epoxy-coated garage floor (2022), HVAC & thermostat replaced (2022), under stair storage added in craft room (2016), lanai remodeled into a finished 4-seasons room (2015), garage extended 4-ft (2013), in-wall pest control system (2013), added additional cabinetry in kitchen bathroom and laundry room (2013). Paver driveway was widened 3-ft on each side. Soar panels were added in (2024) which led to huge monthly savings. Don't miss the opportunity to make this remarkable property your own. Schedule a showing today and experience the allure of 507 Cadiz Drive in person. This could be the home you've been waiting for – a place where comfort, style, and convenience intersect seamlessly.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
2,616
Sqft
0.11 ac
Lot size
2
Garage
2013
Year built
Two
Levels
$149
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.
$3,386 /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
$3,386/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
−3.5%
$/sqft vs Davenport actives
$149 vs $191
Days on market
348 vs 55 typical
Where $149/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 Ridgewood Lakes Village, 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 · projected
$62,729/yr gross
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,280/mo median
Live Davenport rental listing data — this home’s rate depends on size, condition and furnishing.
The Florida short-term market
▼ Softening46%
Occupancy
▼ 35% yr/yr
$302
Avg nightly rate
▲ 16% yr/yr
$31K/yr
Revenue per listing
$138
RevPAR
70 days
Booking lead time
5.9 nights
Avg stay
3
Typical min nights
3,730
Active rentals
▲ 7% supply
Seasonality — monthly occupancy
Peaks at 55% in Mar · bottoms at 36% in Jun
Last 12 months of data, January–December, bars scaled to the seasonal peak. Market-wide averages across all home sizes in Florida — the projection above is specific to this home’s size.
Where it sits
Inside Ridgewood Lakes Village
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Ridgewood Lakes Village is a short-term-rental community. See the full guide →
Ridgewood Lakes Village — neighborhood snapshot
Population
3,034
Median age
53
Median income
$70,380
Median home value
$328,641
Avg household
3
Households w/ children
303
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 → $370K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
177 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 20% above the DAVENPORT 33837 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 507 CADIZ 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$295,000
549 VISTA SOL DR · same community
3 bd · 2 ba · 1,462 sqft · $202/sqft · 7 DOM
Sold · Aug ’25$419,990
3406 HAVEN SIDE ROAD
5 bd · 3 ba · 2,615 sqft · $161/sqft · 34 DOM
Sold · Mar ’26$389,090
3285 ELLSWORTH AVENUE
5 bd · 3 ba · 2,615 sqft · $149/sqft · 106 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
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 507 CADIZ DRIVE — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 507 CADIZ DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
507 CADIZ DRIVE FAQs
What would the monthly payment be for 507 CADIZ DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,386/mo — principal and interest, the actual property-tax bill, the $328/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 507 CADIZ DRIVE?+
The association fee works out to $328 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 507 CADIZ DRIVE?+
The most recent tax bill on record (2024) was $5,157. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 507 CADIZ DRIVE be rented short-term?+
Yes — this home sits inside Ridgewood Lakes Village, 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 507 CADIZ DRIVE?+
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 $390,000, this home is priced right at the Davenport median.
Which schools are assigned to 507 CADIZ DRIVE?+
Horizons 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
Four things that matter here
01Positioned at the premium end
$390,000 runs 20% above the DAVENPORT 33837 median — but at 2,616 sqft it's also 33% larger than the typical Davenport listing.
02Zoned for nightly rentals
Ridgewood Lakes Village 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.
03Time on market is leverage
348 days on market against a Davenport median of 55 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $438,900, now $390,000 — a $49K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LA ROSA REALTY PRESTIGE · Keith St. Onge. MLS #P4936042.
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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