5603 PALMETTO RD, NEW PORT RICHEY, FL 34652

$599,000

Pending · 88 days on market · MLS# MFRTB8381226

Bedrooms5
Bathrooms4
Living area3,408 sq ft
Lot size0.52 acres
Year built1928
Property typeSingle Family Residence
Garage spaces2
Private poolYes
WaterfrontYes
Annual taxes$6,214
CountyPasco

About this home

Under contract-accepting backup offers. 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!

Listing courtesy of Robert Lowry, ALIGN RIGHT REALTY CARROLLWOOD. Presented by MC Homes Realty Inc · 727432218.

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