Davenport, Florida has ranked as the third best place to buy a vacation home in Vacasa’s second annual Top 25 Best Places in the U.S. to Buy a Vacation Home report.
According to the report, vacation homes for sale in Davenport are some of the best options for you to invest in a home that you and your rental guests can enjoy all year round.
Getting the Most Out of Your New Vacation Home
The new Vacasa report was the result of studying home sale and rental data in different areas throughout the United States. It's based on the average cost of a vacation home as well as the rate of return that home investors can expect from their real estate investments.
When you’re looking to buy a new vacation home, there are several factors you have to consider to ensure that you make the right choice. Home buyers need to know the areas in the U.S. that attract the most visitors, local short-term rental rules, occupancy rates, and capitalization rates of the area’s properties.
Why Davenport is the Right Choice for Investing in a Vacation Home
Davenport has experienced huge growth in the last decade, with its population almost doubling from 2,900 residents to 5,400. This Polk County community is located about an hour’s drive southwest of Orlando International Airport, giving residents and visitors easy access to the area’s local attractions with enough distance to avoid more crowded areas.
In addition to the world-renowned Walt Disney World, you can enjoy other attractions like Lake Davenport and Providence Golf Club, spend a day shopping at the Posner Park Mall or take in a movie at the Cinépolis theater, which features an IMAX screen gourmet snacks and a full bar. These amenities are a prime reason why Davenport is the perfect location for holiday travelers seeking an alternative to expensive resort hotels.
According to Vacasa’s Top 25 Best Places to Buy a Vacation Home report, the average home sale price in Davenport is $255,390. The area’s 8.4% capitalization rate makes it an even more appealing option for home investors. Davenport homes are typically more affordable than homes in Kissimmee and other surrounding areas. Residents enjoy the high quality of life they experience from Davenport’s developing infrastructure, annual events, and growing communities.
Finding the Vacation Home You’re Looking for in Davenport
Affordable luxury holiday homes that are close to popular attractions continue to draw new homeowners and visitors to Davenport. Homes with a wide range of floor plans and designs can accommodate different lifestyles and family sizes. For instance, the Sandy Ridge community offers buyers 3 to 5 bedroom homes, while Regal Palms features casual comfort with a number of affordably priced three and four bedroom townhomes. Home buyers seeking the ultimate in luxury living will want to explore Davenport's Solterra Resort, which features spacious one and two-story pool home designs offering between 4 and 14 bedrooms.
If you’re looking to buy a vacation rental home for short-term rental guests, or if you want to own a second home for you and your family, Davenport offers an investment opportunity you may not find anywhere else. Vacation homes for sale in Davenport can help you maximize the return on your real estate investment and attract a steady stream of renters willing to pay higher rates.
Team Donovan can help you find the ideal home to suit your style, taste and budget. We specialize in helping home investors buy and sell luxury vacation homes in the theme park areas that draw visitors from around the world all year long. To learn more, contact us at (407) 705-2616 and schedule your free consultation today.
Posted by Team Donovan on