Port Richey › Marthas Vineyard

5035 Bay Blvd

Port Richey, FL 34668
$879,000
3 bed3.5 bath2,533 sqftSingle-family home · built 2024

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 91% of single-family homes sold in Port Richey
105 single-family home sales · Feb 2024 - Oct 2026
Price
The seller has not permitted automated price comparisons
Standout feature
No standout feature to report
Age
Newer than 99% of single-family homes in Port Richey
198 homes · Jul 2019 - Oct 2026
Compared against 40 similar homes sold within 5.54 mi.

About this property

CUSTOM HOME WITH A BONUS LOT!Built in 2024, this CUSTOM-built 3-bedroom, 3.5-bath home offers direct CANAL access, exceptional privacy, and an unparalleled lifestyle in the sought-after Martha’s Vineyard area of Port Richey.Situated on nearly HALF AN ACRE, the property includes the home PLUS a LARGE BUILDABLE ADJOINING LOT , creating a combined parcel of just under an acre with incredible potential. Lavish, meticulously maintained landscaping surrounds the property, reflecting the pride of ownership throughout.For water enthusiasts, this property offers a truly special lifestyle. Enjoy fishing right from your own backyard and bring your canoe or small John boat to cruise along the scenic canal toward the Gulf. Partial water views from the balconies add to the appeal, allowing you to enjoy the waterfront setting from multiple levels. With marinas, boat ramps, fishing spots, kayaking opportunities, and the waterfront amenities of Port Richey and downtown New Port Richey nearby, you'll be surrounded by opportunities to enjoy the water.Inside, the spacious open floor plan features tray ceilings and lots of natural light. The well-appointed kitchen features elegant quartz countertops and stainless steel appliances and opens seamlessly to the main living areas. The home is also equipped with hurricane-impact windows throughout. Downstairs, a versatile bonus room with a full bath can easily serve as a private office, guest space, home gym, or the ultimate man cave. An inviting iron-fenced, paved courtyard provides privacy and creates an ideal space for outdoor entertaining, while the spacious backyard offers plenty of room to add a pool and create your own private waterfront oasis.A rare opportunity to own a beautifully maintained waterfront retreat with nearly an acre of combined property, direct canal access, lush landscaping, privacy, and endless possibilities for the additional lot -all while enjoying the boating, fishing, and waterfront lifestyle that makes Port Richey and New Port Richey so desirable.Schedule your showing today!

Property details

Year built2024
Lot size0.45 ac
HOANot stated
ParkingCarport
Days on market53
MLS#TB8539807
BalconyGardenPrivate yardCeiling fansHigh ceilingsOpen floorplan
All features →
  • Balcony
  • Garden
  • Private yard
  • Ceiling fans
  • High ceilings
  • Open floorplan
  • Primary bedroom main floor
  • Tray ceilings
  • Vaulted ceilings
  • Walk-in closets
  • Built-in oven
  • Cooktop
  • Dishwasher
  • Dryer
  • Refrigerator
  • Washer
  • Water softener
  • Ceramic tile flooring
  • Tile flooring
  • Travertine flooring
  • Gulf/ocean to bay view
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Block foundation
  • Block construction
  • Stucco construction
  • Single story
  • Laundry room
  • Cable connected
  • Electricity connected
  • Public utilities
  • Underground utilities
  • Water connected
  • Carport
  • Quartz countertops
  • Stainless steel appliances

The market for homes like this

Single-family homes in Port Richey · all sizes
Too few 3-bedroom single-family home sales here to report on their own, so these cover every single-family home in Port Richey.i
Median sold price$293,50078 sales · last 24 months
Median price per sq ft$20978 sales · last 24 months

Port Richey, as its listings describe it

What agents stated on listings, 2019 – 2026i
Community pool74%of 109 listings
HOA fee, median$640/moof 53 listings
Has an association39%of 181 listings
Pets allowed57%of 180 listings
Minimum lease, most commonNo Minimum53% of 141 listings · next: 3 Months
Lease restrictions45%of 141 listings
Association approval required60%of 97 listings
Private pool21%of 223 listings
Gated51%of 109 listings
Public water · sewer99% · 99%of 164 · 168 listings
Flood zone (A or V)97%of 154 listings
55+ communityNo99% of 181 listings · next: Yes
Homestead share Marthas Vineyard61%of 148 homes · county tax roll
Also stated: waterfront 50% of 181 listings; CDD 0% of 143.

Price and time on market

This listing against homes like iti
Price per sq ft
The seller has not permitted automated price comparisons
Time on market
The seller has not permitted automated comparisons
Price history
Listed at $975,000 originally; now $879,000, 9.8% lower after at least one price reduction. The most recent: down $96,000 on Oct. 11, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$15,066 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $14,200/yr homesteaded, $15,100/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
$151/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 Port Richey Utilities)
THE NEIGHBORHOOD

Living in Port Richey

City of Port Richey · Pasco County · ZIP 34668 · Flood zone AE
Explore Port Richey →
Homes1,322residential parcels
Median sold price$252,00064 sales · last 12 months
Vs. the prior year+21.4%64 sales this year · 65 sales the prior year
Median rentNot enough sales yet to report on their own
Homes that changed hands5%64 sales of 1,322 homes
Homestead share49%of 1,322 homes · county tax roll
Single-family homes in Port Richey, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months39Not enough sales yet to report on their own
2 bed9Not enough sales yet to report on their own
3 bed · this home25Not enough sales yet to report on their own
4 bed3Not enough sales yet to report on their own
5+ bed2Not enough sales yet to report on their own
All single-family homes · 24 months78$293,500—
Median price

Port Richey homes sold for a median of $252,000 in the 12 months to Oct. 11, 2026.

64 sales
Price trend

That's 21.4% above the median for the 12 months before, $207,500.

64 sales this year · 65 sales the prior year

Location

5035 BAY BLVD, PORT RICHEY, FL 34668

Nearby homes for sale in Port Richey

Based on information from Stellar MLS® for the period July 1, 2019 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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