$550,000
7032 MORNINGSTAR LANE, NEW PORT RICHEY, FL 34652
Beds
5
Baths
6
Sq Ft
2,702 sq ft
Year Built
1972
Lot Size
0.34 acres
Garage
—
About This Property
Exclusive Waterfront Residence | 5 Bedrooms | 5.5 Bathrooms | Gulf Access | Grand View Park A truly unique waterfront opportunity in New Port Richey! Set along the peaceful waters of Oyster Bayou with access to the Gulf of Mexico, this spacious 5-bedroom, 5.5-bath residence has been extensively remodeled and offers something increasingly difficult to find: waterfront living combined with exceptional flexibility for a large or multigenerational household. What truly sets this property apart is its remarkable layout. In addition to the main residence, the home features three private side entrances leading to separate living areas, each designed with its own bedroom, private bathroom, and kitchenette. This creates incredible possibilities for multigenerational living, extended family, young adult, visiting guests, caregivers, private offices, or additional independent space while still remaining connected to the main home. Live together without giving up your privacy. Enjoy the main residence while parents, adults, relatives, or guests have their own private spaces and entrances. For buyers looking for additional financial flexibility, the layout also have potential income-producing opportunities, subject to applicable local zoning, permitting, and rental regulations. Inside, the home welcomes you with an open-concept floor plan, abundant natural light, and beautiful water views. The extensively renovated interior combines modern finishes with a functional layout designed for both everyday living and entertaining. The beautifully updated kitchen serves as the heart of the main residence and features modern cabinetry and finishes, stainless steel appliances, generous counter space, and an effortless connection to the living and dining areas. Step outside and imagine creating your own Florida waterfront retreat. The generous outdoor space offers plenty of room to design a pool, outdoor kitchen, entertainment area, or tropical backyard oasis overlooking the canal. With waterfront views and Gulf access, boating, fishing, kayaking, and the Florida coastal lifestyle can begin right from home. Whether you're searching for a waterfront family residence, a multigenerational home with private living quarters, or a property offering extraordinary flexibility and potential, this home delivers a combination rarely found in one property. 5 bedrooms. 5.5 bathrooms. Three private-entrance living areas. Extensively remodeled. Waterfront. Gulf access. This isn't simply a home—it's an opportunity to create the lifestyle that works for your family. Schedule your private showing today and experience this exceptional New Port Richey waterfront residence.
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Directions
Continue on FL-597 N to S Village Dr Get on FL-589 N/FL-589 Toll N in Greater Northdale Continue on FL-589 N/FL-589 Toll N. Take FL-54 W to Avery Rd in New Port Richey Continue on Avery Rd. Drive to Morningstar Ln
Location
7032 MORNINGSTAR LANE, NEW PORT RICHEY, FL 34652
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$550,000
Loan Term
How to Buy This Home
Multiple financing options available for this $550,000 home in NEW PORT RICHEY.
🏛️
FHA Loan
$19,250 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
$27,500 Down
Traditional financing. As low as 3-5% down with good credit.
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: August 22, 2026.