Port Richey › Royal Richey Village Condo

5541 Bay Blvd #550

Port Richey, FL 34668
$155,000
3 bed2 bath1,175 sqftCondo · built 1980

Listed at $135 per sq ft. Median for condos in Port Richey sold in the last 24 months: $160 per sq ft.

44 sales · Stellar MLS, credited below

What stands out about this home

Compared with condos like it, within product classi
Size
Larger than 83% of condos sold in Port Richey
59 condo sales · Jan 2024 - Oct 2026
Price
Listed 25% below the typical price for a condo its size in Port Richey
59 condo sales · Jan 2024 - Oct 2026
Standout feature
A private pool: 10% of condos listed in Port Richey have one
68 condo listings · Jun 2022 - Oct 2026
Age
Newer than 15% of condos in Port Richey
130 homes · Jun 2022 - Oct 2026
Compared against 40 similar homes sold within 2.06 mi.

About this property

GREAT VIEW FROM 5TH FLOOR NICE CONDO! 3 Bedroom, 2 Bath. Take the Elevator to the 5th Floor Condo in Royal Richey Village 2 Condominium. This 3 Bedroom and 2 Bathroom Condo has Laminate 3 flooring through out. Living room/Dining room combo with ceiling fan, newly painted and a great area for entertaining. Master Bedroom has a walk-in closet 6X8 and Master Bathroom with shower and tub. Second and Third Bedrooms have nice size closets and share second full Bathroom in hallway. Kitchen has a lot of storage with counter tops, desk and a pantry/closet around the corner. The balcony overlook a wooded area and is quiet for relaxing. The AC compressor was replaced in 2026. Water heater replaced 2025Roof and Painting outside is maintained by the Association. The Laundry area is on the first floor of this building. Community Clubhouse/Pool and additional Laundry. Shopping, Restaurants and Medical facilities are close by. Area Beaches and Werner Boyce Salt Spring is within driving distance.
Investors: The property was rented for $2000 a month for the past 2 year.

Property details

Year built1980
Lot size0.02 ac
Condo fee$723/mo
Days on market53
MLS#TB8541466
BalconyPrivate mailboxRain guttersCeiling fansPrimary bedroom main floorThermostat
All features →
  • Balcony
  • Private mailbox
  • Rain gutters
  • Ceiling fans
  • Primary bedroom main floor
  • Thermostat
  • Dishwasher
  • Disposal
  • Electric water heater
  • Microwave
  • Range
  • Range hood
  • Refrigerator
  • Laminate flooring
  • Garden view
  • Trees or woods view
  • Central air conditioning
  • Central heating
  • Electric heating
  • Shingle roof
  • Slab foundation
  • Brick construction
  • Single story
  • Common area
  • Electricity connected
  • Sewer connected
  • Water connected
  • Private pool

The market for homes like this

Condos in Port Richey · all sizes
Too few 3-bedroom condo sales here to report on their own, so these cover every condo in Port Richey.i
Median sold price$172,95044 sales · last 24 months
Median price per sq ft$16044 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 Royal Richey Village Condo18%of 61 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
Listed at $135 per sq ft, 16% below the $160 median for condos in Port Richey sold in the last 24 months
44 sales · last 24 months
Time on market
On the market 45 days; condos in Port Richey took a median of 94 days to sell in the last 24 months
44 sales · last 24 months
Price history
Listed at $165,000 originally; now $159,000, 3.6% lower after at least one price reduction. The most recent: down $6,000 on Sept. 29, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$1,962 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $1,800/yr homesteaded, $2,700/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
Condos in Port Richey, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All condos · 12 months20Not enough sales yet to report on their own
2 bed20Not enough sales yet to report on their own
All condos · 24 months44$172,950—
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

5541 BAY BLVD #550, 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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