Waterfront
Address
5531 Manatee Point Drive, NEW PORT RICHEY, FL
Price
$ 875,000
Property Attributes
- MLS#W7888443
- TypeSingle Family
- Listing Status Active
- CountyPasco
- CityNEW PORT RICHEY
- AreaNew Port Richey
- NeighborhoodSUNSET POINT ADD
- Zip34652
- StyleSingle Family Residence
- Year Built1961
- Taxes$ 5064
- Price$ 875,000
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage3258
- Lot Size0.15 Acres
Data Source:
Stellar MLS
Property Description
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 private 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!
| Elementary School | Middle School | High School |
|---|---|---|
| Richey Elementary School Elementary School | Gulf Middle-PO Middle School | Gulf High-PO High School |
| Price History | |
|---|---|
| 8/19/2026 | Listed $875,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | Cable Available,Electricity Connected,Public,Sewer Connected,Street Lights,Water Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Dishwasher,Disposal,Electric Water Heater,Microwave,Range,Refrigerator |
| Zoning | R1 |
| Garage Spaces | 1 |
| Patio/Porch Features | Covered,Deck,Enclosed,Porch,Rear Porch,Screened |
| Pool Features | Gunite,In Ground,Outside Bath Access |
| Construction Materials | Block,Stucco,Wood Frame |
| Year Built | 1961 |
| View | Water |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Fee Simple |
| Waterfront Features | River Front |
| County | Pasco |
| New Construction | false |
| Property Type | Residential |
| Attached Garage | true |
| Subdivision Name | SUNSET POINT ADD |
| Facing Direction | Northwest |
| Garage Y/N | true |
| Total Rooms | 9 |
| Full Baths | 3 |
| Status | Active |
| Directions | Grand Blvd./ Manatee Point Dr./5531 Manatee Point will be on your right. |
| High School | Gulf High-PO |
| City | NEW PORT RICHEY |
| Body of Water | PITHLACHASCOTEE RIVER (COTEE) |
| Senior Community Y/N | false |
| MLS Area | 34652 - New Port Richey |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6480 |
| Carport Y/N | false |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Elementary School | Richey Elementary School |
| Land Lease Y/N | false |
| Tax Annual Amount | 5064.95 |
| Middle/Junior High School | Gulf Middle-PO |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Virtual Tour | https://drive.google.com/drive/folders/1Q7arxZcdIOnA2GYF_MkYdi3p_BRcN-T7?usp=sharing |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Owner |
| Tax Lot | 4A |
| Legal Description | SUNSET POINT ADDITION #3 PB 5 PG 68 LOT 4A OR 8677 PG 1360 |
| Water View | River |
| Water Access Type | Canal - Saltwater,Gulf/Ocean,River |
| Minimum Lease | No Minimum |
| Water Access Y/N | true |
| Additional Rooms | Den/Library/Office,Family Room,Florida Room,Great Room,Inside Utility,Interior In-Law Suite w/Private Entry |
| ILS Total SQFT | 1188 |
| ILS Under Air SQFT | 1188 |
| Water View Y/N | true |
| Flood Zone Code | AE |
| In Law Suite YN | true |
| In Law Suite Description | 1 Bathroom,1 Bedroom,Attached,Private Entrance |
| DockY/N | true |
Interior Features
| Interior Amenities | Ceiling Fan(s),Eating Space In Kitchen,Open Floorplan,PrimaryBedroom Upstairs,Skylight(s),Solid Surface Counters,Split Bedroom,Walk-In Closet(s) |
|---|---|
| Flooring | Carpet,Laminate,Luxury Vinyl,Tile |
| Furnished Y/N | Unfurnished |
| Total Stories | 2 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Laundry Room |
| Total Bedrooms | 5 |
| LivingAreaSource | Public Records |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Outdoor Shower,Private Entrance,Private Mailbox,Private Yard,Rain Gutters,Sliding Doors |
|---|---|
| Vegetation | Oak Trees |
| Fencing | Vinyl |
| Parking Features | Garage Door Opener,Oversized |
| Lot Features | Cul-De-Sac,Flood Insurance Required,FloodZone,City Lot,In County |
| Water Source | Public |
| Lot Size Area | 6480 |
| Foundation Details | Slab |
| Spa | false |
| Building Area Total | 4652 |
| Lot Dimensions | 218 x 61 x 37 |
| Lot Size Acres | 0.15 |
| Road Surface Type | Paved |
| Private Pool | true |
| Waterfront Y/N | true |
| Covered Spaces | 1 |
| Road Frontage Type | Street Paved |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 34652
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on September 12, 2026 12:59 AM UTC
