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$875,000

5531 Manatee Point Drive New Port Richey, FL 34652 Residential - Single Family Active

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Description

Virtually Staged. UNIQUE WATERFRONT RETREAT WITH GULF ACCESS & INCREDIBLE INCOME POTENTIAL!Discover a truly special waterfront property on the Cottee River, where BREATHTAKING WATER VIEWS and an unbeatable location create the perfect Florida lifestyle. With the Gulf just approximately 10 minutes away by boat, this spacious 5-bedroom, 3-bath home offers incredible flexibility for a primary residence, vacation rental, multi-generational living, or income-producing investment.Originally constructed in 1961, the home has been thoughtfully updated and expanded to accommodate entertaining and modern living. Upstairs, you'll find a massive primary suite plus 2 additional rooms that could easily serve as a 6th bedroom, office, studio, or flex space. The upstairs living area also features a private entrance, creating the opportunity to rent it separately or transform the space into an in-law suite or guest apartment. The possibilities are truly endless!Step outside and enjoy spectacular, unobstructed water views from the approximately 43-foot upstairs deck. The expansive outdoor living space continues with a huge pool, concrete seawall, dock, and boat lift-everything you need to embrace the Florida waterfront lifestyle. Whether you're boating to the Gulf, relaxing poolside, entertaining friends, or simply watching the sunset over the water, this property delivers.Major improvements include new HVAC and water heater in 2024, and two new breaker boxes, a complete new kitchen, roof, hurricane windows, sliders, and vinyl laminate plank flooring on the main level in 2025.With exceptional Gulf access, versatile living spaces, extensive updates, and outstanding rental potential, this is much more than a home-it's an opportunity. Must see to fully appreciate all this unique waterfront property has to offer! Enjoy all that the revitalized downtown has to offer!

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 1 car attached
Heating: Central, Electric
Lot Size: 0.15 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,064
Year Built: 1961

General Information

Bedrooms: 5
Bathrooms: 3 Full
Sqft: 3,258
County: Pasco
High School: Gulf High-PO
Subdivision: SUNSET POINT
Listed By:
Carol Olds BHHS FLORIDA PROPERTIES GROUP 727-847-4444

Amenities

Ceiling Fans(s)
Eat-in Kitchen
Open Floorplan
PrimaryBedroom Upstairs
Solid Surface Counters
Split Bedroom
Walk-In Closet(s)
Outdoor Shower
Private Entrance
Private Mailbox
Private Yard
Rain Gutters
Sliding Doors

Room Information

Family Room: 13.11x22.1
Living Room: 22.1x12.11
Kitchen: 10x13
Bedroom 1: 11.1x14.1
Bedroom 2: 12.11x10.6
Bedroom 3: 11.1x9.9
Primary Bedroom: 14x28
Bedroom 5: 21.9x12.9
Office: 9x11.2

Property Features

Additional Rooms: Den/Library/Office, Family Room, Florida Room, Great Room, Inside Utility, Interior In-Law Suite w/Private Entry
Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Body of Water: PITHLACHASCOTEE RIVER (COTEE)
Community Features: Street Lights
Directions: Grand Blvd./ Manatee Point Dr./5531 Manatee Point will be on your right.
Disaster Mitigation: Hurricane Shutters/Windows
Exterior: Block, Stucco, Frame
Fencing: Vinyl
Flood Zone Code: AE
Flooring: Carpet, Laminate, Luxury Vinyl, Tile
Foundation: Slab
Frontage River: 37
Garage Dimensions: 14x23
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Cul-De-Sac, Flood Insurance Required, FloodZone, City Limits, In County, Paved
Lot Dimensions: 0.15
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Parking: Garage Door Opener, Oversized
Parking Notes: Garage Door Opener, Oversized
Patio/Porch: Covered, Deck, Enclosed, Porch, Rear Porch, Screened
Pool: Gunite, In Ground, Outside Bath Access
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Lock Box Electronic-CBS Code Required, See Remarks, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Vegetation: Oak Trees
Water: Public
Water Access: Canal - Saltwater, Gulf/Ocean, River
Water Access Y/N: Yes
Waterfront Features: River Front, Davits, Seawall - Concrete
Water View: River
Windows: Skylight(s)
Zoning: R1
$875,000
5beds
3.0baths
3,258sqft
1cars
New to the Market Active
BEDS5 BATHS3 full SQUARE FEET3,258 MLS#W7888443
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSUNSET POINT

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5531 Manatee Point Drive , New Port Richey, FL 34652.

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Estimated Payment

$ 3,628.44 per month $2,951.23 Principal & Interest $422.00 Property Tax $255.21 Homeowner's Insurance

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