668 CARIBBEAN DRIVE, DAVENPORT, FL, 33897
Active49 days on marketListed Jun 16, 2026MLS #O6417596
About this home
668 CARIBBEAN DRIVE
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HIGHLY DESIRABLE ISLAND CLUB WEST COMMUNITY! This unique property offers two separate living spaces under one roof, making it ideal for short-term rentals, long-term rentals, multi-generational living, or owner-occupants seeking additional income potential. Fully renovated and sold fully furnished, the home features two brand-new kitchens, new stainless steel appliances, and a new water heater. Designed to comfortably accommodate up to 10 guests, this property is perfectly positioned for vacation rental success. The seller already has scheduled Airbnb bookings in place and is willing to transfer future reservations to the new owner, providing immediate income potential from day one. The property offers a total of 4 bedrooms and 3 bathrooms and is thoughtfully configured to maximize flexibility and rental income. The main residence features 3 bedrooms and 2 bathrooms with an open-concept living and dining area filled with natural light. Sliding glass doors provide beautiful views of the pond and community grounds. The spacious primary suite boasts 10-foot ceilings, two walk-in closets, a large walk-in shower, and a skylight that enhances the bright and airy atmosphere. Enjoy relaxing mornings and breathtaking evening sunsets from the private patio overlooking the water. The attached studio/in-law suite offers complete privacy with its own separate entrance, full kitchen, and full bathroom, making it perfect for guests, extended family, or an additional rental opportunity. Located just minutes from Walt Disney World Resort, major attractions, shopping, dining, entertainment, and major highways, this property benefits from strong rental demand year-round. Resort-style community amenities include a swimming pool, hot tub, clubhouse, tennis courts, basketball court, volleyball court, and playground. Whether you're looking for a primary residence, vacation home, or turnkey income-producing investment, this rare property offers endless possibilities in one of Central Florida's most sought-after vacation rental communities.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
1,748
Sqft
0.02 ac
Lot size
2002
Year built
Two
Levels
$195
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.
$2,838 /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
$2,838/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
+30.7%
$/sqft vs ISLAND CLUB WEST PH 02
$195 vs $165
Days on market
49 vs 50 typical
Where $195/sqft sits among the 7 homes for sale in ISLAND CLUB WEST PH 02
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 Highlands Reserve, 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
$2,280/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 Highlands Reserve
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Highlands Reserve is a short-term-rental community. See the full guide →
Highlands Reserve — neighborhood snapshot
Population
6,506
Median age
36
Median income
$84,032
Median home value
$295,812
Avg household
3
Households w/ children
814
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 → $355K
Davenport median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
3 of 7
ISLAND CLUB WEST PH 02 have cut their price
Median sold price, Davenport, trailing 36 months (3-month rolling) · live MLS data.
Paper trail
This home's history
Reality check
What actually sold near 668 CARIBBEAN DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$275,000
373 CARIBBEAN DRIVE · same community
4 bd · 3 ba · 1,748 sqft · $157/sqft · 165 DOM
Sold · Aug ’25$303,500
658 CARIBBEAN DRIVE · same community
4 bd · 3 ba · 1,748 sqft · $174/sqft · 40 DOM
Sold · Dec ’25$270,000
801 ORCHID DRIVE · same community
4 bd · 3 ba · 1,748 sqft · $154/sqft · 9 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
Jessica Torres
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 668 CARIBBEAN DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 668 CARIBBEAN DRIVE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Jessica's phone and CRM.
Straight answers
668 CARIBBEAN DRIVE FAQs
What would the monthly payment be for 668 CARIBBEAN DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,838/mo — principal and interest, the actual property-tax bill, the $220/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 668 CARIBBEAN DRIVE?+
The association fee works out to $220 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 668 CARIBBEAN DRIVE?+
The most recent tax bill on record (2025) was $3,672. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Can 668 CARIBBEAN DRIVE be rented short-term?+
Yes — this home sits inside Highlands Reserve, 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 668 CARIBBEAN 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 $340,000, this home is listed about 13% below the Davenport median of $389,700. The market section on this page shows how the area is trending.
Which schools are assigned to 668 CARIBBEAN DRIVE?+
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.
Keep looking
Similar homes nearby
Listing courtesy of FOWLKES REALTY CO · Lakeisha Black. MLS #O6417596.
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.
Never miss a listing
New Davenport homes, in your inbox
Like 668 CARIBBEAN DRIVE but not quite? A daily digest of every new listing in Davenport — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Jessica to ping you on any price or status change →