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$550,000
5 Beds ⋅ 6 Baths ⋅ Grand View Park 01 SubDv.
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.

7032 Morningstar Lane, New Port Richey
$2,800,000
53 Beds ⋅ 40 Baths ⋅ New Port Colony SubDv.
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | Turnkey multifamily investment. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. Community amenities include a swimming pool, shuffleboard courts, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, community pool, and a beach club down the road.

4954 Bitner Street, New Port Richey
$2,800,000
53 Beds ⋅ 40 Baths ⋅ New Port Colony SubDv.
New Port Colony | 36-Unit Multifamily Investment | New Port Richey, FL | 10% Cap Rate. If you've been searching for a turnkey multifamily investment that truly checks every box, New Port Colony deserves your full attention. This 36-unit, 55+ community in New Port Richey, Florida is generating a 10% cap rate — and once you understand what's included, it's easy to see why. The unit mix is well-balanced, with 19 one-bedroom/one-bath, 13 two-bedroom/one-bath, and 4 two-bedroom/two-bath homes, all within a single complex. Every unit has been updated and comes equipped with central heating and air. And here's what really sets this property apart: all 36 units have their own private garage — washer/dryer hookups in the garage of each unit. Residents get their own parking and their own laundry, all tucked right outside their door. There's a pool, shuffleboard, and a neighborhood feel that residents take pride in. Residents have the option to join the Gulf Harbors Beach Club — one of the only private Gulf-front beach clubs in the area — for just $200 a year. It's a small cost that adds a lifestyle element most apartment communities simply can't offer. Day-to-day living is easy. Groceries, restaurants, shopping, and medical facilities are all close by, which matters a great deal to the 55+ residents who call this place home. The 55+ demographic is one of the most stable tenant bases in residential real estate — low turnover, consistent payment history, and genuine pride of residency. New Port Colony reflects all of that. Strong returns, updated units, a private garage, and a beach club down the road.

4954 Bitner Street, New Port Richey