5531 Manatee Point Drive, New Port Richey, FL 34652
Local realty services provided by:CENTURY 21 Affiliates
Listed by: carol olds
Office: bhhs florida properties group
MLS#:W7888443
Source:MFRMLS
Price summary
- Price:$875,000
- Price per sq. ft.:$188.09
About this home
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!...
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Home facts
- Year built:1961
- Subdivision & Development:SUNSET POINT ADD
- Listing ID #:W7888443
- Added:1 day(s) ago
- Updated:August 20, 2026 at 12:41 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Laminate, Luxury Vinyl, Tile
- Dining Description:Eat In Kitchen
- Kitchen Description:Dishwasher, Disposal, Eat-in Kitchen, Microwave, Range, Refrigerator, Solid Surface Counters
- Bedroom Description:Primary Bedroom Upstairs, Split Bedroom, Walk-In Closet(s)
- Living area:3,258 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1961
- Building area:3,258 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Cul-de-sac, Flood Zone, Paved
- Construction Materials:Block, Frame, Stucco
- Exterior Features:Covered Porch/Patio, Deck, Enclosed, Outdoor Shower, Porch, Private Mailbox, Rain Gutters, Rear Porch, Screened
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Gulf High-PO
- Middle school:Gulf Middle-PO
- Elementary school:Richey Elementary School
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$875,000
- Price per sq. ft.:$188.09
- Tax amount:$5,065 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- Laundry features:Laundry Room
- Amenities:Cable Available, Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Upstairs, Solid Surface Counters, Split Bedroom, Walk-In Closet(s)
- Pool features:Gunite, In Ground, Outside Bath Access, Private Pool
Parking
- Parking description:Attached Garage, Garage Door Opener, Oversized
- Garage:Yes
- Garage spaces:1
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