New Port Richey › Regency Palms Condos

5041 Royal Palms Way #302

New Port Richey, FL 34652
$210,000
2 bed2 bath1,060 sqftCondo · built 2015

Listed at $198 per sq ft. Median for condos with up to 2 bedrooms in New Port Richey sold in the last 12 months: $124 per sq ft.

54 sales · Stellar MLS, credited below

What stands out about this home

Compared with condos like it, within product classi
Size
Larger than 81% of condos sold in New Port Richey
150 condo sales · Jan 2024 - Oct 2026
Price
Listed 49% above the typical price for a condo its size in New Port Richey
150 condo sales · Jan 2024 - Oct 2026
Standout feature
No standout feature to report
Age
Newer than 91% of condos in New Port Richey
280 homes · Feb 2020 - Oct 2026

About this property

Enjoy the best of Florida living in this beautifully appointed 2-bedroom, 2-bath condo in Regency Palms, just minutes from Downtown New Port Richey and the Gulf! This spacious 1,060-square-foot home features an open, split-bedroom floor plan with soaring ceilings and a bright living area that flows seamlessly into the kitchen and dining space. The kitchen offers 42-inch cabinetry, granite countertops, stainless steel appliances, a breakfast bar and pantry. Step outside onto your private balcony overlooking the peaceful wooded surroundings—the perfect spot for morning coffee or an evening drink. The primary suite features a generous walk-in closet and private bath with granite and a travertine shower, while the guest bedroom and full bath provide plenty of privacy for visitors. A one-car attached garage plus additional bonus/storage space offers flexibility rarely found in condo living. Regency Palms residents enjoy community amenities including a pool and spa, dog park, grilling area and more. For an additional annual membership fee of approximately $200, owners may also enjoy access to the private Gulf Harbors Beach Club, where sunsets on the Gulf can become part of your everyday Florida lifestyle. And when you're ready for dinner or a night out, Downtown New Port Richey's restaurants, breweries and local favorites like SteamWorks Pub are just minutes away. Low-maintenance living, private beach access and a thriving downtown—all waiting for you!

Property details

Year built2015
Lot size0.03 ac
HOA fee$393/mo
Parking1-car
Days on market54
MLS#W7888629
BalconyCourtyardDog runSidewalkEat-in kitchenOpen floorplan
All features →
  • Balcony
  • Courtyard
  • Dog run
  • Sidewalk
  • Eat-in kitchen
  • Open floorplan
  • Primary bedroom main floor
  • Stone counters
  • Vaulted ceilings
  • Dishwasher
  • Disposal
  • Microwave
  • Range
  • Refrigerator
  • Ceramic tile flooring
  • Laminate flooring
  • Water view
  • Central air conditioning
  • Central heating
  • Heat pump heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Single story
  • Inside laundry
  • Laundry closet
  • Public utilities
  • Garage
  • Granite countertops
  • Stainless steel appliances

The market for homes like this

Condos with up to 2 bedrooms in New Port Richey
i
Median sold price$115,95054 sales · last 12 months
Median price per sq ft$12454 sales · last 12 months
Median rent$1,300/mo44 leases · last 24 months
Median days to lease3844 leases · last 24 months

New Port Richey, as its listings describe it

What agents stated on listings, 2006 – 2026i
Community pool63%of 219 listings
HOA fee, median$303/moof 145 listings
Has an association35%of 483 listings
Pets allowed84%of 516 listings
Minimum lease, most commonNo Minimum57% of 357 listings · next: 3 Months
Lease restrictions40%of 360 listings
Association approval required53%of 225 listings
Private pool7%of 649 listings
Gated27%of 219 listings
Public water · sewer99% · 99%of 392 · 421 listings
Flood zone (A or V)42%of 440 listings
55+ communityNo81% of 484 listings · next: Yes
Homestead share Regency Palms Condos50%of 80 homes · county tax roll
Also stated: waterfront 12% of 488 listings; CDD 0% of 386.

Price and time on market

This listing against homes like iti
Price per sq ft
Listed at $198 per sq ft, 60% above the $124 median for 2-bedroom condos in New Port Richey sold in the last 12 months
54 sales · last 12 months
Time on market
On the market 54 days; 2-bedroom condos in New Port Richey took a median of 82 days to sell in the last 12 months
54 sales · last 12 months
Price history
Listed at $238,000 originally; now $210,000, 11.8% lower after at least two price reductions. The most recent: down $14,000 on Oct. 7, 2026
at least two price reductions visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$3,939 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $2,900/yr homesteaded, $3,900/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$170/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
Not yet available (City of New Port Richey Utilities)
THE NEIGHBORHOOD

Living in New Port Richey

City of New Port Richey · Pasco County · ZIP 34652 · Flood zone AE
Explore New Port Richey →
Homes6,148residential parcels
Median sold price$229,500284 sales · last 12 months
Vs. the prior year+9.3%284 sales this year · 284 sales the prior year
Median rent$1,495/mo115 leases · last 12 months
Homes that changed hands5%284 sales of 6,148 homes
Homestead share56%of 6,148 homes · county tax roll
Condos in New Port Richey, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All condos · 12 months54$115,950—
2 bed · this home54$115,950—
All condos · 24 months103$117,500$1,300/mo44 leases
Median price

New Port Richey homes sold for a median of $229,500 in the 12 months to Oct. 11, 2026.

284 sales
Price trend

That's 9.3% above the median for the 12 months before, $210,000.

284 sales this year · 284 sales the prior year
What's selling

Single-family detached homes made up 185 of the 284 sales in the same 12 months, at a median of $256,250.

185 of 284 sales
Not yet available here: rent and time-to-lease for condos.The New Port Richey record: homes, prices, rents, communities and listings →

Location

5041 ROYAL PALMS WAY #302, NEW PORT RICHEY, FL 34652

Nearby homes for sale in New Port Richey

Based on information from Stellar MLS® for the period May 17, 2006 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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