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504 Terrace Ridge Cir #311, Davenport, FL, 33896

4beds
2baths
1,688sqft
$265,000
$157price/sqft
$1,828/moest. monthly cost
$73,120/yrincome needed

About This Home

Welcome to your dream home in a thriving, up-and coming community! This spacious 4-bedroom, 2-bathroom condominium offers the perfect blend of comfort and convenience. Situated on the first floor for easy access, this unit features a variety of modern flooring finishes, enhancing each rooms unique charm. The gated community provides peace of mind, while a range of amenities including a sparkling community pool and a well-maintained volleyball court, ensures there's always something to enjoy. Conveniently located near top-rated hospitals, scenic golf courses, and a variety of popular restaurants, this home offers an ideal lifestyle for families and professionals alike. This property is versatile for both families and investors. Whether you're seeking a reliable long-term rental property or a lucrative short-term vacation rental, this unit offers the flexibility and location that investors seek. This property is currently leased to 05/01/2026.

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

2/10
3/10
2/10
Davenport High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 2005

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Stucco

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Cooktop,Dishwasher,Dryer,Ice Maker,Microwave,Refrigerator
  • Laundry features: Electric Dryer Hookup,Laundry Closet,Laundry Room

Bathroom1

  • Features: Built-in Closet
  • Level: First
  • Area: 90
  • Dimensions: 9x10

Bedroom2

  • Features: Built-in Closet
  • Level: First
  • Area: 90
  • Dimensions: 9x10

Bedroom3

  • Features: Built-in Closet
  • Level: First
  • Area: 120
  • Dimensions: 10x12

Bedroom4

  • Features: Built-in Closet
  • Level: First
  • Area: 120
  • Dimensions: 10x12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: No Closet
  • Level: First
  • Area: 108
  • Dimensions: 12x9

Features

  • Open Floorplan
  • Flooring: Carpet,Luxury Vinyl,Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,758
  • Total interior livable area: 1,688 sqft

Kitchen

  • Features: Built-in Closet
  • Level: First
  • Area: 195
  • Dimensions: 13x15

Living Room

  • Features: Built-in Closet
  • Level: First
  • Area: 140
  • Dimensions: 14x10

Primary Bathroom

  • Features: Built-in Closet
  • Level: First
  • Area: 90
  • Dimensions: 9x10

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First
  • Area: 208
  • Dimensions: 13x16

Property

Details

  • Parcel number: 272602701011003110
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Sauna

Lot

  • Lot size: 683 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Hurricane
Heat Wave
Inland Flooding
Tornado
Wildfire

FEMA Declared Disasters in Polk County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,339$16,068
Home Insurance *$131$1,572
Property Taxes $161$1,932
Electricity $197$2,366
Total$1,828$21,936
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$62,674/yr
40% on housing$54,840/yr
45% on housing$48,746/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.8%
11.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$157This listing

vs Other Active Listings

Avg $/sqft

ZIP 33896$177
Polk County$134

vs Homes Sold Last Month

Median $/sqft

ZIP 33896$184
Polk County$179

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-01-01Price change$265,000
2025-12-11Price change$275,000
2025-06-16Listed for sale$285,000
2025-03-18Listing removed$280,000
2024-11-27Listed for sale$280,000

For Sale by Agent

AgentIan Rinehart
BrokerageROYAL REALTY REAL ESTATE, LLC

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