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$470,000

5127 BAY BOULEVARD, PORT RICHEY, FL 34668

3D Tour
Active295 days on market

Beds

4

Baths

3

Sq Ft

2,162 sq ft

Year Built

2001

Lot Size

0.48 acres

Garage

4

About This Property

Set on a rare 0.48-acre saltwater canal lot in Port Richey's Martha's Vineyard waterfront community, this Key West-style home delivers the coastal Florida lifestyle at a price that still makes sense. Four bedrooms, 2.5 bathrooms, and 2,162 square feet of open, airy living space with high ceilings, a wood-burning fireplace, and a true split-bedroom layout built for real life. Outside is where this property separates itself. A private boat ramp with canal access toward the Gulf of Mexico, a waterfront fire pit, screened retreat, wraparound porches, and a private deck all on a lot large enough to accommodate boat parking, RV parking, and every vehicle in the family. The lower level adds serious flexibility: dual garages plus a bonus space with its own private entrance, ready to serve as a guest suite, in-law quarters, home office, or income-producing rental. Minutes from Downtown New Port Richey, waterfront dining, marinas, and US-19 with easy connectivity to Tampa and Clearwater.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #TB8459057
StatusActive
Year Built2001
Stories1
Total Rooms7
ConstructionBlock, Vinyl Siding, Wood Frame
RoofShingle
FoundationSlab, Stilt/On Piling
FacesSouth
SubdivisionMARTHAS VINEYARD
CountyPasco
OwnershipFee Simple
FurnishedNegotiable

Interior Features

InteriorCathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)
FlooringCeramic Tile, Laminate
AppliancesCooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
LaundryElectric Dryer Hookup, Inside, Laundry Room, Washer Hookup
CoolingCentral Air
HeatingCentral, Electric
FireplaceYes ()

Exterior & Lot

ExteriorFire Pit, French Doors, Other, Private Entrance, Private Yard, Sidewalk, Sliding Doors
Lot Size0.48 acres (20,992 sq ft)
Lot FeaturesCleared, Near Golf Course, Near Marina, Near Public Transit, Sidewalk, Unincorporated
Road SurfacePaved
ViewTrees/Woods, Water
0

Waterfront

WaterfrontYes
FeaturesBay/Harbor Front, Canal Front, Waterfront, Canal - Saltwater

Utilities

WaterPrivate
SewerPrivate Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Available, Electricity Connected, Fiber Optics, Public, Street Lights, Water Available, Water Connected

Parking

GarageYes (4 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$470,000
Original Price$549,945
Annual Taxes$4,561 (2024)
ZoningR1
Parcel #162529005.0000.00015.0

Schools

ElementaryRichey Elementary School
MiddleChasco Middle-PO
HighGulf High-PO

Directions

US19 to Bay Blvd, Heading West, the home is on the right side. There are three driveways.

Location

5127 BAY BOULEVARD, PORT RICHEY, FL 34668

Listing Information

OfficeREAL BROKER, LLC
ListedDecember 26, 2025

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Home Price

$470,000

20% ($94,000)
6.75%

Loan Term

Principal & Interest$2,439
Property Tax (est.)$431
Insurance (est.)$150
Total Monthly$3,020
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $470,000 home in PORT RICHEY.

🏛️

FHA Loan

$16,450 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$23,500 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Pasco County SHIP

Varies

Income-qualifying Pasco residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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 last updated: October 17, 2026.

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