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$500,000

  • Sold
  • Closed
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 3,408 Sq. Ft.
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See This Home
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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!

Full Property Details for 5603 Palmetto Rd

General

  • Sold For: $500,000
  • Taxes: $6,214 (2024)
  • Status: Closed
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8381226
  • Added to Site: 261 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 3
  • Interior Features: Ceiling Fan(s), Thermostat
  • Fireplace: Yes
  • Fireplace(s): Living Room, Masonry, Wood Burning
  • Appliances: Dishwasher, Electric Water Heater, Freezer, Other, Range, Refrigerator
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Electric Dryer Hookup, Inside, Laundry Room

Exterior

  • Exterior Features: Balcony, Dog Run, Garden, Other

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 34652 - New Port Richey
  • County: Pasco
  • Development Name: 34652 - New Port Richey
  • Subdivision: JASMIN POINT ESTATES
  • Driving Directions: From US Hwy 19 and Main Street - Proceed East on Main Street. Turn left onto River Road. Stay to the right when it forks. Turn right onto Palmetto Road. Subject property is on the left, at the corner of Palmetto Drive and Mandy Lane. **** Turn left onto Mandy Lane for driveway parking.
  • Direction Faces: South

School Information

  • Elementary School: Richey Elementary School
  • Middle School: Gulf Middle-PO
  • High School: Gulf High-PO

Community

  • Community Name: 34652 - New Port Richey

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Electricity Connected, Fire Hydrant, Phone Available, Sewer Connected, Underground Utilities, Water Connected

Structural Information

  • Exterior Const.: Wood Frame
  • Basement Desc.: Unfinished
  • Roof: Metal
  • Common Walls: Corner Unit
  • Stories/Levels: Three Or More
  • Square Feet: 3,408
  • Sq. Ft. Source: Public Records
  • Living Area: 3,408 Sq. Ft.
  • Year Built: 1928

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.52
  • Lot Size (Sq. Ft.): 22,800
  • Lot Size: 22800
  • Street/Road Desc.: Asphalt

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $6,214.11
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: JASMIN POINT ESTATES PB 4 PGS 14 & 14A BLOCK 4 LOTS 5 & 6 & SOUTH 40.00 FT OF LOTS 11 & 12 OR 2013 PG 566
  • Flood Zone Info: X500
  • APN: 1625320330004000050
  • Property ID: 1625320330004000050
  • Block/Lot/Section: 4

Meet the selling agent

Meet the selling agent
— 5603 Palmetto Rd —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5603 Palmetto Rd

School District:Pasco County School District
NameGradesDistance
Richey Elementary School
6850 Adams Street, New Port Richey, FL 34652
K-50.4 mi
Gulf Middle School, New Port Richey, FL
6419 Louisiana Avenue, New Port Richey, FL 34653
6-81.3 mi
Gulf High School
5355 School Road, New Port Richey, FL 34652
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5603 Palmetto Rd

Date
Details
Price
Change
Source
8/15/2025
Sold
$500,000
-16.53%
MLS
6/27/2025
Price Reduced
$599,000
-4.16%
MLS
6/05/2025
Price Reduced
$625,000
-3.85%
MLS
5/02/2025
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5603 Palmetto Road, New Port Richey, FL 34652 (MLS# TB8381226) is a Single Family property that was sold at $500,000 on August 15, 2025. This property was sold by Jennifer Zulian from our Clearwater / Palm Harbor Office.Want to learn more about 5603 Palmetto Road? Do you have questions about finding other Single Family real estate for sale in New Port Richey? You can browse all New Port Richey real estate or contact a Coldwell Banker agent to request more information.