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5531 Manatee Point Drive

New Port Richey, FL 34652
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Bed 5

Bed

Bath 3

Bath

SqFt3,258

Sqft

Acres0.15

Acre(Lot)

Virtually Staged. UNIQUE WATERFRONT RETREAT WITH GULF ACCESS & INCREDIBLE INCOME POTENTIAL! Discover a truly special waterfront property on the Cottee River, where BREATHTAKING WATER VIEWS and an unbeatable location create the perfect Florida lifestyle. With the Gulf just approximately 10 minutes away by boat, this spacious 5-bedroom, 3-bath home offers incredible flexibility for a primary residence, vacation rental, multi-generational living, or income-producing investment. Originally constructed in 1961, the home has been thoughtfully updated and expanded to accommodate entertaining and modern living. Upstairs, you'll find a massive primary suite plus 2 additional rooms that could easily serve as a 6th bedroom, office, studio, or flex space. The upstairs living area also features a pri vate entrance, creating the opportunity to rent it separately or transform the space into an in-law suite or guest apartment. The possibilities are truly endless! Step outside and enjoy spectacular, unobstructed water views from the approximately 43-foot upstairs deck. The expansive outdoor living space continues with a huge pool, concrete seawall, dock, and boat lift—everything you need to embrace the Florida waterfront lifestyle. Whether you're boating to the Gulf, relaxing poolside, entertaining friends, or simply watching the sunset over the water, this property delivers. Major improvements include new HVAC and water heater in 2024, and two new breaker boxes, a complete new kitchen, roof, hurricane windows, sliders, and vinyl laminate plank flooring on the main level in 2025. With exceptional Gulf access, versatile living spaces, extensive updates, and outstanding rental potential, this is much more than a home—it’s an opportunity. Must see to fully appreciate all this unique waterfront property has to offer! Enjoy all that the revitalized downtown has to offer!

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Detail Ic Property Details

Property Type : Residential

Price : $875,000

AD Id : 89702045

MLS Id : MFRW7888443

Beds : 5

Lot Size : 0.15 Acre

Living Area Size : 3,258

Tax Amount : 5064.95

Year Built : 1961

Garage : 1

County : Pasco

Subdivision: Sunset Point Add

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Interior Features

    Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Walk-In Closet(s) Roof: Shingle Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator Laundry Features: Laundry Room

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Carpet, Laminate, Luxury Vinyl, Tile Construction Materials: Block, Stucco, Frame
  • Heating & Cooling

    Heating: Central, Electric Cooling: Central Air Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1961
  • Exterior Features

    Outdoor Shower, Private Entrance, Private Mailbox, Private Yard, Rain Gutters Construction Materials: Block, Stucco, Frame Foundation Details: Slab Road Responsibility: Public Maintained Road
  • Pool Features

    Private Pool: 1 Gunite, In Ground, Outside Bath Access

  • Lot Information

    Lot Dimensions: 218 x61x37 Lot Description: Cul-De-Sac, Flood Insurance Required, FloodZone, City Limits, In County, Paved Lot Square Feet: 6480 Lot Acres: 0.15 Lot Size (SqMt): 602

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$875000

  • Tax Information

    Tax Block: 00000 Tax Book Number: 5-68 Tax Lot: 4A Tax Legal Description: SUNSET POINT ADDITION #3 PB 5 PG 68 LOT 4A OR 8677 PG 1360 Annual Tax: $5064.95 Tax Year: 2025 Parcel Number: 16-25-32-042.0-000.00-04A.0

  • Parking Information

    Garage Door Opener, Oversized

    Garage Information

    Has Garage: Yes Garage Space: 1 Garage Dimensions: 14x23

  • School Information

    Elementary School: Richey Elementary School Junior High School: Gulf Middle-PO Senior High School: Gulf High-PO
  • Utility Information

    Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: SUNSET POINT ADD City: NEW PORT RICHEY Direction: Grand Blvd./ Manatee Point Dr./5531 Manatee Point will be on your right.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Undisclosed Address, New Port Richey, FL, 34652 $300,000 3 2 1,407 0.12 Acre
Undisclosed Address, New Port Richey, FL, 34652 $199,000 2 2 1,056 0.14 Acre
3606 Cockatoo Drive, New Port Richey, FL, 34652 $200,000 2 2 1,388 0.14 Acre
4228 Athens Avenue, New Port Richey, FL, 34652 $105,000 2 1 672 0.10 Acre
5302 School Road, New Port Richey, FL, 34652 $330,000 3 2 1,419 0.15 Acre
4934 Daphne Street, New Port Richey, FL, 34652 $279,000 3 3 1,873 0.14 Acre
5865 Tern Drive, New Port Richey, FL, 34652 $365,000 3 3 1,973 0.27 Acre
5814 Liddell Drive, New Port Richey, FL, 34652 $239,900 2 2 1,310 0.12 Acre
5904 Elm Street, New Port Richey, FL, 34652 $229,999 2 1 802 0.17 Acre
5609 Executive Drive, New Port Richey, FL, 34652 $615,000 5 3 2,692 0.20 Acre
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ByOwner last updated this listing 09/02/2026 @ 18:20

MLS: MFRMLS #W7888443 LISTED BY: Carol Olds, BHHS FLORIDA PROPERTIES GROUP 727-847-4444 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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