Exclusive Waterfront Residence | 5 Bedrooms | 5.5 Bathrooms | Gulf Access | Grand View Park A truly unique waterfront opportunity in New Port Richey! Set along the peaceful waters of Oyster Bayou with access to the Gulf of Mexico, this spacious 5-bedroom, 5.5-bath residence has been extensively remodeled and offers something increasingly difficult to find: waterfront living combined with exceptional flexibility for a large or multigenerational household. What truly sets this property apart is its remarkable layout. In addition to the main residence, the home features three private side entrances leading to separate living areas, each designed with its own bedroom, private bathroom, and kitchenette. This creates incredible possibilities for multigenerational living, extended family, young adult, visiting guests, caregivers, private offices, or additional independent space while still remaining connected to the main home. Live together without giving up your privacy. Enjoy the main residence while parents, adults, relatives, or guests have their own private spaces and entrances. For buyers looking for additional financial flexibility, the layout also have potential income-producing opportunities, subject to applicable local zoning, permitting, and rental regulations. Inside, the home welcomes you with an open-concept floor plan, abundant natural light, and beautiful water views. The extensively renovated interior combines modern finishes with a functional layout designed for both everyday living and entertaining. The beautifully updated kitchen serves as the heart of the main residence and features modern cabinetry and finishes, stainless steel appliances, generous counter space, and an effortless connection to the living and dining areas. Step outside and imagine creating your own Florida waterfront retreat. The generous outdoor space offers plenty of room to design a pool, outdoor kitchen, entertainment area, or tropical backyard oasis overlooking the canal. With waterfront views and Gulf access, boating, fishing, kayaking, and the Florida coastal lifestyle can begin right from home. Whether you're searching for a waterfront family residence, a multigenerational home with private living quarters, or a property offering extraordinary flexibility and potential, this home delivers a combination rarely found in one property. 5 bedrooms. 5.5 bathrooms. Three private-entrance living areas. Extensively remodeled. Waterfront. Gulf access. This isn't simply a home—it's an opportunity to create the lifestyle that works for your family. Schedule your private showing today and experience this exceptional New Port Richey waterfront residence.
For sale
$550,000
7032 MORNINGSTAR LANE, NEW PORT RICHEY, FL 34652
5beds
2,702sqft
Single Family Residence
Built in 1972
0.34 Acres Lot
$524,600 Zestimate®
$204/sqft
$-- HOA
What's special
Gulf accessModern finishesModern cabinetry and finishesExtensively renovated interiorBeautifully updated kitchenAbundant natural lightOpen-concept floor plan
- 55 days
- 259
- 20
Zillow last checked:
Listing updated:
Listed by:
Alfredo Rodriguez Fonseca 502-744-6890,
ANR REALTY LLC 813-252-5001
Source: Stellar MLS,MLS#: TB8531940
Originating MLS: Suncoast Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Primary bedroom
- Features: Built-in Closet
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
Bedroom 4
- Features: Built-in Closet
- Level: First
Bedroom 5
- Features: Built-in Closet
- Level: First
Primary bathroom
- Features: Built-in Closet
- Level: First
Bathroom 2
- Level: First
Bathroom 3
- Features: Built-in Closet
- Level: First
Bathroom 4
- Features: Built-in Closet
- Level: First
Bathroom 5
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Other
- Level: First
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Inside
Features
- Eating Space In Kitchen
- Flooring: Ceramic Tile, Tile
- Has fireplace: No
Interior area
- Total structure area: 2,702
- Total interior livable area: 2,702 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Has view: Yes
- View description: Canal, River
- Has water view: Yes
- Water view: Canal,River
- Waterfront features: River Access
Lot
- Size: 0.34 Acres
Details
- Parcel number: 3125160020000000320
- Zoning: R3
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
Community & HOA
Community
- Features: None
- Pet fee: $0 monthly
- Subdivision: GRAND VIEW PARK 01
HOA
- Has HOA: No
- Services included: None
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $346,968
- Annual tax amount: $5,376
- Date on market: 7/29/2026
- Cumulative days on market: 56 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$524,600
$498,000 - $551,000
$3,454/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $550,000+50.7%$204/sqft |
Source: | ||
| 7/29/2022 | Sold | $365,000+4.3%$135/sqft |
Source: Public Record Report a problem | ||
| 5/23/2022 | Pending sale | $349,900$129/sqft |
Source: | ||
| 5/13/2022 | Listed for sale | $349,900$129/sqft |
Source: | ||
| 4/23/2022 | Pending sale | $349,900$129/sqft |
Source: | ||
| 4/8/2022 | Listed for sale | $349,900+695.2%$129/sqft |
Source: | ||
| 5/24/2004 | Sold | $44,000$16/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,376 -14.3% | $346,968 -12.7% |
| 2024 | $6,275 -7.5% | $397,654 +3.4% |
| 2023 | $6,785 +57.7% | $384,493 +37.3% |
| 2022 | $4,304 +13% | $280,063 +23.8% |
| 2021 | $3,810 +1.5% | $226,146 +1.5% |
| 2020 | $3,753 | $222,812 |
Find assessor info on the county website
Monthly payment
Est. payment





