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For sale
    • Price cut: $15K (9/8)
    $85,000

    7040 COGNAC DRIVE #3, NEW PORT RICHEY, FL 34653

    2beds
    1,044sqft
    : 
    $982/mo
    Get pre-qualified
    Condominium
    Built in 1973
    -- sqft lot
    $82,000 Zestimate®
    $81/sqft
    $345/mo HOA

    What's special

    New electrical panel
    PRICED TO SELL........OWNER SAYS SELL....Great investment opportunity 3 month minimum rental and 4 times per year. Beautiful Magnolia Valley second-floor condominium featuring 2 bedrooms and 2 full bathrooms. This home offers a spacious and open living, dining, and kitchen area designed for comfortable everyday living and easy entertaining. Double sliding doors off the living room lead to a sprawling porch/patio area overlooking a peaceful, park-like setting. The outdoor space also includes three convenient storage closets. Inside, you’ll find a full-size washer and dryer closet for added convenience. Recent updates include a new electrical panel, appliances, plumbing, light fixtures, AC unit, roof, and water heater—providing peace of mind for years to come. The unit includes assigned carport #73 and a low HOA fee of $345 per month. Don’t miss this opportunity to own a well-maintained condo in the desirable Magnolia Valley community—schedule your showing today!
    32 days
    478
    28

    Zillow last checked:

    Listing updated:

    Listed by:

    Debbie Jackson 727-743-4083,

    ACTION REALTY OF TAMPA BAY INC 727-743-4083

    Source: Stellar MLS,MLS#: TB8495931MLS LogoOriginating MLS: Suncoast Tampa

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Utility Room
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: First
      • Area: 218.3 Square Feet
      • Dimensions: 18.5x11.8
      Bedroom 2
      • Features: Built-in Closet
      • Level: First
      • Area: 139.7 Square Feet
      • Dimensions: 12.7x11
      Balcony porch lanai
      • Features: Storage Closet
      • Level: First
      • Area: 151.2 Square Feet
      • Dimensions: 5.4x28
      Dining room
      • Level: First
      • Area: 63 Square Feet
      • Dimensions: 9x7
      Kitchen
      • Features: Storage Closet
      • Level: First
      • Area: 103.32 Square Feet
      • Dimensions: 8.2x12.6
      Living room
      • Level: First
      • Area: 166.4 Square Feet
      • Dimensions: 13x12.8
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator, Water Filtration System
      • Laundry: Laundry Closet
      Features
      • Ceiling Fan(s), Walk-In Closet(s)
      • Flooring: Carpet, Luxury Vinyl
      • Doors: Sliding Doors
      • Has fireplace: No
      • Common walls with other units/homes: End Unit
      Interior area
      • Total structure area: 1,214
      • Total interior livable area: 1,044 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 73
      • Parking features: Carport
      • Carport spaces: 73
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Sidewalk, Storage
      • Has view: Yes
      • View description: Garden
      Lot
      • Size: 630 Square Feet
      Details
      • Parcel number: 162534080.0007.0000C.0
      • Zoning: MF1
      • Special conditions: None

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Block, Stucco
      • Foundation: Block
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: None
      • Pet fee: $0 monthly
      • Senior community: Yes
      • Subdivision: MAGNOLIA VALLEY
      HOA
      • Has HOA: Yes
      • Services included: Common Area Taxes, Reserve Fund, Maintenance Structure, Maintenance Grounds
      • HOA fee: $345 monthly
      • HOA name: Rick Lawson
      • HOA phone: 720-308-3606
      Location
      • Region: New Port Richey

      Financial & listing details

      • Price per square foot: $81/sqft
      • Tax assessed value: $84,883
      • Annual tax amount: $439
      • Date on market: 4/10/2026
      • Cumulative days on market: 168 days
      • Listing terms: Cash,Conventional
      • Ownership: Condominium
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $82,000

        $78,000 - $86,000

        $1,258/mo

        Price history

        DateEventPrice
        9/8/2026Price change$85,000-15%$81/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        9/1/2026Listed for sale$100,000$96/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        8/24/2026Listing removed$100,000$96/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        8/21/2026Price change$100,000-13%$96/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        7/15/2026Price change$115,000-4.1%$110/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        6/11/2026Price change$119,900-7.7%$115/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        5/4/2026Price change$129,900-7.1%$124/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        4/21/2026Price change$139,900-5.5%$134/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        4/10/2026Listed for sale$148,000+146.7%$142/sqft
        Source: Stellar MLS #TB8495931 Report a problem
        7/6/2023Sold$60,000+33.3%$57/sqft
        Source: Public Record Report a problem
        4/1/1999Sold$45,000+36.4%$43/sqft
        Source: Public Record Report a problem
        6/18/1993Sold$33,000$32/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$439 +5.3%$38,580 +2.9%
        2024$417 -69.8%$37,494 -57.4%
        2023$1,381 +26.3%$87,946 +52%
        2022$1,094 +14.9%$57,860 +21%
        2021$951 +3.7%$47,823 +4%
        2020$918 +2.2%$46,003 +6%
        2019$898 $43,380 -4.1%
        2018$898 $45,241
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 34653

        Getting around

        38 / 100
        Car-Dependent
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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