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!
Pending
Price cut: $26K (6/27)
$599,000
5603 Palmetto Rd, New Port Richey, FL 34652
5beds
3,408sqft
Est.:
Single Family Residence
Built in 1928
0.52 Acres Lot
$-- Zestimate®
$176/sqft
$-- HOA
What's special
Unfinished basement
- 108 days
- on Zillow |
- 524 |
- 32 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 11:22am
Listing Provided by:
Robert Lowry 727-858-8285,
ALIGN RIGHT REALTY CARROLLWOOD 813-374-6050
Source: Stellar MLS,MLS#: TB8381226
Originating MLS: Suncoast Tampa

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Attic, Bonus Room, Dining Room, Living Room, Garage Apartment, Media Room, Storage Rooms
Primary bedroom
- Features: Built-in Closet
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Freezer, Other, Range, Refrigerator
- Laundry: Electric Dryer Hookup, Inside, Laundry Room
Features
- Ceiling Fan(s), Thermostat
- Flooring: Hardwood
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Living Room, Masonry, Wood Burning
- Common walls with other units/homes: Corner Unit
Interior area
- Total structure area: 4,476
- Total interior livable area: 3,408 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Balcony, Dog Run, Garden, Other
- Has view: Yes
- View description: Water
- Water view: Water
Lot
- Size: 0.52 Acres
Details
- Parcel number: 1625320330004000050
- Zoning: R1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Basement, Crawlspace
- Roof: Metal
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Fire Hydrant, Phone Available, Sewer Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Subdivision: JASMIN POINT ESTATES
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: New Port Richey
Financial & listing details
- Price per square foot: $176/sqft
- Tax assessed value: $705,403
- Annual tax amount: $6,214
- Date on market: 5/2/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
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