708 NEW PROVIDENCE PROMENADE, DAVENPORT, FL, 33897
Active36 days on marketListed Jul 1, 2026MLS #S5152841
About this home
708 NEW PROVIDENCE PROMENADE
Welcome to your dream vacation home and high-performing investment property at 708 New Providence Promenade! Situated on the desirable second floor of Building 18 within the gated, Caribbean-style Bahama Bay Resort, this fully furnished 3-bedroom, 2-bathroom condo features beautifully upgraded decor and a screened balcony boasting peaceful lake views and partial pool views. The property is an investor's dream, having generated a strong, consistent gross rental income of $29K–$34K per year from 2023 to 2025. It comes fully loaded with major recent updates for ultimate peace of mind, including all-new living room furniture (couch, loveseat, stools, coffee, and end tables) and dining furniture purchased in 2025. Rest easy knowing that all new mattresses, pillows, and bathroom faucets were also updated in 2025, alongside new flat-screen TVs installed across 2024 and 2025. Additionally, the AC was replaced within the last 4–5 years, and all appliances—including the in-unit washer and dryer—are just 3–5 years old. Positioned in an unbeatable, ultra-convenient location within the resort, this unit is a true "less than 1-minute walk" (just steps away) from the private sandy beach, heated swimming pool, beach volleyball court, fishing dock, and the popular Tradewinds Restaurant and Bar. The spacious kitchen comes fully stocked with everything you or your guests could ever need for a comfortable stay. Beyond the unit, Bahama Bay Resort offers world-class amenities, including four heated outdoor pools, six hot tubs, a children's splash pad, a fitness center, sport courts (tennis, basketball, and pickleball), nature trails, and 24/7 gated security. Best of all, you are just minutes away from Central Florida's world-famous theme parks, premier dining, shopping outlets, grocery stores, and endless entertainment. Whether you are looking for a personal tropical getaway or a turnkey, income-generating asset, this beautifully updated lake-view condo is a rare find!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,227
Sqft
0.01 ac
Lot size
2004
Year built
One
Levels
$155
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.
$1,855 /mo · 30% down, 30-yr fixed at 6.9%
Why the rate is different here
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote for a condo-hotel in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,855/mo
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
−16.4%
$/sqft vs BAHAMA BAY RESORT
$155 vs $151
Days on market
36 vs 51 typical
Where $155/sqft sits among the 6 homes for sale in BAHAMA BAY RESORT
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 Bahama Bay, 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
$31,648/yr gross
Projected nightly rate, occupancy and annual revenue for this exact home.
Long-term rental
$2,295/mo median
Live Davenport rental listing data — this home’s rate depends on size, condition and furnishing.
The Four Corners short-term market
▼ Softening48%
Occupancy
▼ 37% yr/yr
$325
Avg nightly rate
▲ 13% yr/yr
$38K/yr
Revenue per listing
$151
RevPAR
78 days
Booking lead time
5.7 nights
Avg stay
3
Typical min nights
11,479
Active rentals
▼ 20% supply
Seasonality — monthly occupancy
Peaks at 57% in Jul · 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 Four Corners — the projection above is specific to this home’s size.
Where it sits
Inside Bahama Bay
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Bahama Bay is a short-term-rental community. See the full guide →
DAVENPORT 33897 — neighborhood snapshot
Population
29,206
Median age
38.9
Median income
$73,457
Median home value
$279,100
Avg household
2.85
Households w/ children
3,278
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)
4 of 6
BAHAMA BAY RESORT have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 44% below the DAVENPORT 33897 median. See the full Davenport market guide →
Paper trail
This home's history
Reality check
What actually sold near 708 NEW PROVIDENCE PROMENADE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$205,000
604 RUM RUN · same community
3 bd · 2 ba · 1,227 sqft · $167/sqft · 70 DOM
Sold · Jan ’26$162,000
1103 GRAN BAHAMA BOULEVARD · same community
3 bd · 2 ba · 1,227 sqft · $132/sqft · 11 DOM
Sold · Jan ’26$133,000
914 CHARO PARKWAY UNIT 132
3 bd · 3 ba · 1,217 sqft · $109/sqft · 148 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 708 NEW PROVIDENCE PROMENADE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 708 NEW PROVIDENCE PROMENADE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
708 NEW PROVIDENCE PROMENADE FAQs
What would the monthly payment be for 708 NEW PROVIDENCE PROMENADE?+
With 30% down on a 30-year condo-hotel loan at 6.9%, the all-in payment lands around $1,855/mo — principal and interest, the actual property-tax bill, the $596/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 708 NEW PROVIDENCE PROMENADE?+
The association fee works out to $596 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 708 NEW PROVIDENCE PROMENADE?+
The most recent tax bill on record (2025) was $2,676. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 708 NEW PROVIDENCE PROMENADE be rented short-term?+
Yes — this home sits inside Bahama Bay, 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 708 NEW PROVIDENCE PROMENADE?+
The listing reports pets: Number Limit, Size Limit, 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 $189,999, this home is listed about 51% below the Davenport median of $389,900. The market section on this page shows how the area is trending.
Which schools are assigned to 708 NEW PROVIDENCE PROMENADE?+
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
$189,999 is 44% below the DAVENPORT 33897 median of $340,000, and at $155/sqft it sits under the Davenport average of $195.
02Zoned for nightly rentals
Bahama Bay 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.
03Pool views
The pool view is part of what you're buying — views hold value independently of the structure.
04The trade-off to know about
Condo-hotel units use specialty financing — expect a larger down payment and a rate premium, or an all-cash purchase. Our lender partners quote these weekly; the cost panel below reflects standard financing, so ask us for the real quote.
Keep looking
Similar homes nearby
Listing courtesy of TEAM DONOVAN · James Donovan. MLS #S5152841.
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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