New Port Richey East › Magnolia Valley

7561 Holly Lake Ln

New Port Richey, FL 34653
$249,000
2 bed2 bath1,510 sqftSingle-family home · built 1980

Listed at $165 per sq ft. Median for single-family homes in Magnolia Valley sold in the last 24 months: $191 per sq ft.

56 sales · Stellar MLS, credited below

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 84% of single-family homes sold in Magnolia Valley
79 single-family home sales · Jan 2024 - Oct 2026
Price
Listed 14% below the typical price for a single-family home its size in Magnolia Valley
79 single-family home sales · Jan 2024 - Oct 2026
Standout feature
Waterfront: 8% of single-family homes listed in New Port Richey East are
131 single-family home listings · Jul 2021 - Oct 2026
Age
Newer than 81% of single-family homes in Magnolia Valley
116 homes · Oct 2023 - Oct 2026
Compared against 40 similar homes sold within 0.47 mi.

About this property

LAKEFRONT LIVING IN MAGNOLIA VALLEY! PRICE DROP!! Welcome to this beautifully maintained home, with a home warranty with American Home Shield, a furnished 2-bedroom, 2-bathroom, 2-car garage concrete block home situated on a premium lot overlooking serene Lake Sneed. Boasting 1,500+ square feet of comfortable living space, this residence features easy-care porcelain tile flooring and wood-grain flooring, and a beautiful fountain in the front of the home.
The light and bright floor plan seamlessly flows into the spacious living areas, making it perfect for everyday living or entertaining. Step outside to enjoy peaceful, picturesque water views right from your backyard. Located on a quiet, established street.
Conveniently close to shopping, dining, parks, and major roadways for an easy commute. This move-in-ready lake view gem is a rare find in New Port Richey. Schedule your private tour today!

Property details

Year built1980
Lot size0.13 ac
HOA fee$33/yr
Parking2-car
Days on market29
MLS#TB8542452
LightingSidewalkCeiling fansEat-in kitchenVaulted ceilingsWalk-in closets
All features →
  • Lighting
  • Sidewalk
  • Ceiling fans
  • Eat-in kitchen
  • Vaulted ceilings
  • Walk-in closets
  • Cooktop
  • Dishwasher
  • Dryer
  • Electric water heater
  • Freezer
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Tile flooring
  • Wood flooring
  • Water view
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Block foundation
  • Block construction
  • Concrete construction
  • Stucco construction
  • Single story
  • Laundry closet
  • Public utilities
  • Garage
  • Fireplace
  • Waterfront

The market for homes like this

Single-family homes in Magnolia Valley · all sizes
Too few 2-bedroom single-family home sales here to report on their own, so these cover every single-family home in New Port Richey East.i
Median sold price$260,00056 sales · last 24 months
Median price per sq ft$19156 sales · last 24 months
Median rent$1,759/mo63 leases · last 24 months
Median days to lease2363 leases · last 24 months

New Port Richey East, as its listings describe it

What agents stated on listings, 2021 – 2026i
Community pool Magnolia ValleyNot enough sales yet to report on their own
HOA fee, median Magnolia ValleyNot enough sales yet to report on their own
Has an association Magnolia Valley34%of 41 listings
Pets allowed Magnolia Valley78%of 46 listings
Minimum lease, most commonNo Minimum69% of 128 listings · next: 3 Months
Lease restrictions18%of 127 listings
Association approval required25%of 65 listings
Private pool Magnolia Valley2%of 59 listings
Gated Magnolia ValleyNot enough sales yet to report on their own
Public water · sewer95% · 74%of 140 · 145 listings
Flood zone (A or V)22%of 149 listings
55+ community Magnolia ValleyNo83% of 41 listings · next: Yes
Homestead share Magnolia Valley61%of 678 homes · county tax roll
Also stated: waterfront 10% of 41 listings in Magnolia Valley; CDD 0% of 135.

Price and time on market

This listing against homes like iti
Price per sq ft
Listed at $165 per sq ft, 14% below the $191 median for single-family homes in Magnolia Valley sold in the last 24 months
56 sales · last 24 months
Time on market
On the market 29 days; single-family homes in Magnolia Valley took a median of 48 days to sell in the last 24 months
56 sales · last 24 months
Price history
Listed at $261,000 originally; now $249,000, 4.6% lower after at least one price reduction. The most recent: down $12,000 on Sept. 25, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$1,048 for 2025 on the listing; about $4,507 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $2,800/yr homesteaded, $3,500/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
$85/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in New Port Richey East

unincorporated Pasco County · Pasco County · ZIP 34653 · New Port Richey East (census-designated place) · Flood zone A
Explore New Port Richey East →
HomesNot yet available
Median sold price$268,000125 sales · last 12 months
Vs. the prior year-6.9%125 sales this year · 126 sales the prior year
Median rentNot enough sales yet to report on their own
Homes that changed handsNot yet available
Homestead shareNot yet available
Single-family homes in New Port Richey East, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months114$280,000—
2 bed · this home32Not enough sales yet to report on their own
3 bed74$289,500—
4 bed7Not enough sales yet to report on their own
5+ bed1Not enough sales yet to report on their own
All single-family homes · 24 months226$289,500$1,759/mo63 leases
Median price

New Port Richey East homes sold for a median of $268,000 in the 12 months to Oct. 11, 2026.

125 sales
Price trend

That's 6.9% below the median for the 12 months before, $287,750.

125 sales this year · 126 sales the prior year
What's selling

Single-family detached homes made up 114 of the 125 sales in the same 12 months, at a median of $280,000.

114 of 125 sales
Not yet available here: owner-occupancy, and rent and time-to-lease for single-family homes.

Location

7561 HOLLY LAKE LN, NEW PORT RICHEY, FL 34653

Nearby homes for sale in New Port Richey

Based on information from Stellar MLS® for the period July 26, 2021 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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