New Port Richey › Tropic Shores

5451 Tropic Dr

New Port Richey, FL 34653
$590,000
4 bed4.5 bath2,332 sqftSingle-family home · built 1996

Listed at $262 per sq ft. Median for single-family homes in New Port Richey sold in the last 12 months: $204 per sq ft.

184 sales · Stellar MLS, credited below

What stands out about this home

Compared with single-family homes like it, within product classi
Size
Larger than 96% of single-family homes sold in New Port Richey
514 single-family home sales · Jan 2024 - Oct 2026
Price
Listed 26% above the typical price for a single-family home its size in New Port Richey
514 single-family home sales · Jan 2024 - Oct 2026
Standout feature
A garage for 3 or more cars: 8% of single-family homes listed in New Port Richey have one
181 single-family home listings · May 2023 - Oct 2026
Age
Newer than 87% of single-family homes in New Port Richey
826 homes · May 2006 - Oct 2026
Compared against 40 similar homes sold within 1.9 mi.

About this property

A Rare Opportunity in New Port Richey!
Welcome to 5451 Tropic Dr, a property that combines space, comfort, waterfront living, and a financing opportunity that could make a significant difference for the next homeowner.
This spectacular, fully remodeled residence features 4 bedrooms and 4.5 bathrooms, offering plenty of space and privacy for the entire family. Every area has been thoughtfully renovated to create a modern, comfortable home that is ready to enjoy from day one.

In addition, the property features a private efficiency with its own separate entrance, ideal for hosting family members or guests while giving them their own space and allowing everyone to maintain their privacy. This unique feature adds even more comfort and versatility to the home.

And if living in Florida means enjoying the outdoors, you’ll have your own private oasis right at home. ???? The property features a private swimming pool, perfect for enjoying year-round, entertaining family and friends, or simply relaxing after a long day.

But there’s something that makes this property even more special: its waterfront location on a canal with access to the Gulf, giving you the opportunity to enjoy the Florida waterfront lifestyle with the water literally in your backyard. The home is also located on a dead-end street, providing a quieter setting with less traffic.

?? And here is one of the most attractive opportunities: the existing mortgage may be assumable at an approximate 5.6 interest rate. In a market where current interest rates can be considerably different, this is an opportunity worth exploring.

4 Bedrooms
4.5 Bathrooms
Fully Remodeled
Private Efficiency with Separate Entrance
Private Swimming Pool
Canal with Gulf Access
Dead-End Street
Potential to Assume the Existing Mortgage at 5.6

This is more than just a home; it’s an opportunity to enjoy the Florida lifestyle you are looking for, with features that don’t come on the market every day.
?? 5451 Tropic Dr, New Port Richey, FL 34653

Schedule your private showing and come discover everything this property.

Property details

Year built1996
Lot size0.15 ac
HOANot stated
Parking3-car
Days on market21
MLS#TB8552043
BalconyPlaygroundPrivate mailboxPrivate yardSidewalkCeiling fans
All features →
  • Balcony
  • Playground
  • Private mailbox
  • Private yard
  • Sidewalk
  • Ceiling fans
  • High ceilings
  • Open floorplan
  • Smart home
  • Solid surface counters
  • Walk-in closets
  • Dishwasher
  • Disposal
  • Electric water heater
  • Range
  • Refrigerator
  • Water purifier
  • Water softener
  • Tile flooring
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Slab foundation
  • Block construction
  • Concrete construction
  • Two stories
  • In garage
  • Laundry in kitchen
  • Laundry room
  • Broadband internet available
  • Electricity connected
  • Public utilities
  • Sewer connected
  • Water connected
  • Security lights
  • Security system
  • Smoke detectors
  • Private pool
  • Garage
  • Fireplace
  • Waterfront

The market for homes like this

Single-family homes in New Port Richey · all sizes
Too few 4-bedroom single-family home sales here to report on their own, so these cover every single-family home in New Port Richey.i
Median sold price$256,250185 sales · last 12 months
Median price per sq ft$204184 sales · last 12 months
Median rent$1,700/mo46 leases · last 12 months
Median days to lease4246 leases · last 12 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 share56%of 6,148 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 $262 per sq ft, 28% above the $204 median for single-family homes in New Port Richey sold in the last 12 months
184 sales · last 12 months
Time on market
On the market 1 days; single-family homes in New Port Richey took a median of 41 days to sell in the last 12 months
185 sales · last 12 months
Price history
Listed at $609,900 since Sept. 24, 2026 with no price change

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$9,825 (2025)
As stated on the listing for 2025
Estimated taxes at this price
i
About $10,400/yr homesteaded, $11,400/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 34653 · 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
Single-family homes in New Port Richey, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All single-family homes · 12 months185$256,250$1,700/mo46 leases
2 bed75$225,000—
3 bed93$284,500—
4 bed · this home13Not enough sales yet to report on their own
5+ bed4Not enough sales yet to report on their own
All single-family homes · 24 months376$250,000$1,797/mo90 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

5451 TROPIC DR, NEW PORT RICHEY, FL 34653

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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