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$315,000

8402 DAMEN LANE, PORT RICHEY, FL 34668

Active213 days on market

Beds

2

Baths

2

Sq Ft

1,086 sq ft

Year Built

1960

Lot Size

0.22 acres

Garage

1

About This Property

Experience stunning, unobstructed sunrise views over Millers Bayou from this exceptional waterfront property. This waterfront property offers direct access to the Gulf of America, with only about a one-mile boat ride to Durney Key Island. A private boat ramp on the property makes getting on the water easy. Situated on a quiet cul-de-sac, the property features a fenced yard and is the only home with a driveway within the cul-de-sac, offering added privacy. Enjoy approximately 258 feet of water frontage with beautiful open water views. A new seawall was installed in 2023, adding long-term value and protection. Architectural drawings and engineering reports for a new custom home are available. The home has been ruled above the FEMA 50% rule. The current structure is an empty concrete shell and will need to be elevated or re-built or demolished (written est. 10K). The seller currently has an application in the Elevate Florida Grant Program, which is in the final decision stage with FEMA. The application can be transferred to the new owner with a prior owner letter, proof of ownership transfer, and completion of required documentation. If approved, federal grant funding will cover at least 75 percent of the project cost, meaning property owners only need to invest up to 25 percent—a significant savings. The current application that was sent in to FEMA in is not to lift the home but to have a brand new home built in it's place. The current estimated cost of the new build for the buyer is $119,845.07. You would be walking into significant equity!!!!

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #W7883700
StatusActive
Year Built1960
Stories1
Total Rooms3
ConstructionStucco
RoofShingle
FoundationBlock
FacesNorth
SubdivisionMARTHAS VINEYARD
CountyPasco
OwnershipFee Simple

Interior Features

InteriorOther
FlooringOther
AppliancesNone
LaundryNone
CoolingNone
HeatingNone

Exterior & Lot

ExteriorPrivate Mailbox
FencingChain Link
Lot Size0.22 acres (9,400 sq ft)
Lot FeaturesCul-De-Sac, Flood Insurance Required
Road SurfacePaved
ViewWater
0

Waterfront

WaterfrontYes
FeaturesBayou

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Electricity Available, Water Available

Parking

GarageYes (1 spaces)

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$315,000
Original Price$365,000
Annual Taxes$5,106 (2025)
FinancingCash, Conventional
ZoningR1
Parcel #1625290060000000120

Directions

From US Hwy 19 turn west on Bay Blvd then turn south on Damen Ln and house will be at end of the cul-de-sac

Location

8402 DAMEN LANE, PORT RICHEY, FL 34668

Listing Information

OfficeRELIANCE REALTY & INVESTMENTS
ListedMarch 7, 2026

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Home Price

$315,000

20% ($63,000)
6.75%

Loan Term

Principal & Interest$1,634
Property Tax (est.)$289
Insurance (est.)$150
Total Monthly$2,073
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How to Buy This Home

Multiple financing options available for this $315,000 home in PORT RICHEY.

🏦

Conventional

$15,750 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 27, 2026.

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