This unique 5-bedroom, 4-bathroom home offers 2,928 sq ft of living space on a spacious 0.52-acre lot. Home overlooks the peaceful Cottee River in the heart of downtown New Port Richey! Originally built in 1928 and updated in 1991, the home combines historic charm with modern potential. One bedroom and one bathroom are located on the main floor, with four additional bedrooms and three bathrooms on the second floor. The floors are original southern yellow pine hardwood floors, which could easily be restored, bringing back their natural beauty and adding warmth and character throughout the home. There's a finished attic, creating extra versatile living space on the third level, while an unfinished basement offers additional storage or customization potential. The detached two-car garage includes an additional 480 sq ft apartment above the garage. The garage itself could also be converted into additional living space, creating a flexible two-story accessory dwelling unit—ideal for guests, rentals, or multi-generational living. Property is Zoned R1 with potential for multi-family development, this property is perfect for investors or homeowners seeking room to grow. Located in a quiet neighborhood just minutes from parks, schools, and all downtown amenities. A rare riverfront opportunity with flexibility and future potential!
Sold for $500,000
$500,000
5603 PALMETTO ROAD, NEW PORT RICHEY, FL 34652
5beds
3,408sqft
Single Family Residence
Built in 1928
0.52 Acres Lot
$487,400 Zestimate®
$147/sqft
$4,020 Estimated rent
Home value
$487,400
$439,000 - $541,000
$4,020/mo
Zestimate® history
Owner options
List your home for rent
$4,020/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$4,020/mo
Rent Zestimate®
Refinance and save
$3,436/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,436/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Unfinished basement
Zillow last checked:
Listing updated:
Listed by:
Robert Lowry 727-858-8285,
ALIGN RIGHT REALTY CARROLLWOOD 813-374-6050
Bought with:
Jennifer Zulian, 3018651
COLDWELL BANKER REALTY
Source: Stellar MLS,MLS#: TB8381226
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Attic, Bonus Room, Dining Room, Living Room, Garage Apartment, Media Room, Storage Rooms
Primary bedroom
- Features: Built-in Closet
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Freezer, Other, Range, Refrigerator
- Laundry: Electric Dryer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), Thermostat
- Flooring: Hardwood
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Living Room, Masonry, Wood Burning
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 4,476
- Total interior livable area: 3,408 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Balcony, Dog Run, Garden, Other
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Size: 0.52 Acres
Details
- Parcel number: 1625320330004000050
- Zoning: R1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Basement, Crawlspace
- Roof: Metal
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Fire Hydrant, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: JASMIN POINT ESTATES
HOA
- Has HOA: No
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $705,403
- Annual tax amount: $6,214
- Date on market: 5/2/2025
- Cumulative days on market: 88 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $500,000-16.5%$147/sqft |
Source:  Stellar MLS #TB8381226 Report a problem | ||
| 7/30/2025 | Pending sale | $599,000$176/sqft |
Source: Stellar MLS #TB8381226 Report a problem | ||
| 6/27/2025 | Price change | $599,000-4.2%$176/sqft |
Source: Stellar MLS #TB8381226 Report a problem | ||
| 6/5/2025 | Price change | $625,000-3.8%$183/sqft |
Source: Stellar MLS #TB8381226 Report a problem | ||
| 5/2/2025 | Listed for sale | $650,000$191/sqft |
Source: Stellar MLS #TB8381226 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,214 +1.7% | $295,810 |
| 2023 | $6,110 +8.6% | $295,810 +3% |
| 2022 | $5,629 +2.6% | $287,200 +6.1% |
| 2021 | $5,486 +0.7% | $270,720 +1.4% |
| 2020 | $5,449 +2.1% | $266,990 +2.3% |
| 2019 | $5,338 | $260,990 +1.9% |
| 2018 | $5,338 +1.5% | $256,130 |
| 2017 | $5,260 +0.6% | $256,130 +4.2% |
| 2016 | $5,227 0% | $245,702 +0.7% |
| 2015 | $5,229 +0.7% | $243,994 +0.8% |
| 2014 | $5,192 | $242,058 -4.5% |
| 2013 | -- | $253,361 +1.5% |
| 2012 | -- | $249,525 -14.7% |
| 2011 | -- | $292,473 -0.2% |
| 2010 | -- | $292,973 +7.1% |
| 2009 | -- | $273,464 -33.3% |
| 2008 | -- | $410,271 -6% |
| 2007 | -- | $436,506 +5.4% |
| 2006 | -- | $413,969 +54.9% |
| 2005 | -- | $267,292 +18.6% |
| 2004 | -- | $225,463 +3.5% |
| 2003 | -- | $217,848 +14.7% |
| 1999 | -- | $189,875 |
Find assessor info on the county website
Neighborhood: North River
Nearby homes
- $899,3005 bd4 ba3.4k sqft5545 Palmetto Rd, New Port Richey, FL 34652Off Market
- $425,989-- bd-- ba-- sqft7012 Jasmin Dr, New Port Richey, FL 34652Off Market
- $425,989-- bd-- ba-- sqft7012 Jasmin Dr, New Port Richey, FL 34652Off Market
- $645,019-- bd3 ba-- sqft5547 Palmetto Rd, New Port Richey, FL 34652Off Market
- $---- bd-- ba-- sqft5545 Palmetto Rd, New Pt Richey, FL 34652Off Market
- $317,500-- bd1 ba1.9k sqft7025 Mandy Ln, New Port Richey, FL 34652Off Market
- $377,7004 bd3 ba2.2k sqft7022 Jasmin Dr, New Port Richey, FL 34652Off Market
- $989,9003 bd2 ba3.1k sqft5617 Palmetto Rd, New Port Richey, FL 34652For Sale
Nearby schools
GreatSchools rating
- 2/10Richey Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Gulf Middle SchoolGrades: 6-8Distance: 1.3 mi
- 3/10Gulf High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Richey Elementary School
- Middle: Gulf Middle-PO
- High: Gulf High-PO
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$487,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$487,400
- Florida
- Pasco County
- New Port Richey
- 34652
- North River
- 5603 PALMETTO ROAD
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other New Port Richey Topics
