Investor Special on the water! This 2-bedroom, 2-bath mobile home sits on a canal leading directly to the Cottee River and offers an incredible opportunity for cash buyers looking to maximize return on investment. Located just minutes from downtown New Port Richey. Rental demand in this area is strong, and with the right vision this home could pay for itself in as little as two years, then continue generating steady passive income well into the future. The home features a spacious layout and a beautiful kitchen, but it has sustained flood damage with water reaching floor level. The flooringand water vapor barrier will need to be replaced, and it is recommended that the electrical system be inspected. Buyers should also consult with the city on the required permitting process and compliance steps for renovation. Sold strictly as-is and available to cash buyers only, this property is a rare chance to secure affordable waterfront real estate in a high-demand rental market. With restoration, it could easily be transformed into a profitable long-term rental, a lucrative short-term investment, or your own private waterfront retreat. Schedule your showing today and explore the potential of this income-producing property.
Sold for $49,235
$49,235
5642 Congress St, New Port Richey, FL 34653
2beds
1,144sqft
Mobile Home
Built in 1987
6,110 Square Feet Lot
$48,900 Zestimate®
$43/sqft
$1,418 Estimated rent
Home value
$48,900
$44,000 - $54,000
$1,418/mo
Zestimate® history
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$1,418/mo
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$321/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 8 hours ago
Listing updated: September 18, 2025 at 01:07pm
Listing Provided by:
Debra A Kennedy 727-457-3470,
BHHS FLORIDA PROPERTIES GROUP 727-835-3110
Bought with:
Jason Welch, 3272633
SENSIBLE PROPERTY MANAGMENT
Source: Stellar MLS,MLS#: W7873807
Originating MLS: West Pasco
Originating MLS: West Pasco
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Level: First
- Area: 90 Square Feet
- Dimensions: 9x10
Living room
- Level: First
- Area: 180 Square Feet
- Dimensions: 12x15
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Oven, Dishwasher, Electric Water Heater, Refrigerator
- Laundry: Other
Features
- Ceiling Fan(s), Stone Counters
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,628
- Total interior livable area: 1,144 sqft
Property
Parking
- Total spaces: 1
- Parking features: Covered, Driveway
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Private Mailbox
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal - Brackish, Brackish Canal Access
Lot
- Size: 6,110 sqft
- Features: FloodZone, City Lot
Details
- Parcel number: 162609002.0014.00007.0
- Zoning: MHP
- Special conditions: None
Construction
Type & style
- Home type: MobileManufactured
- Property subtype: Mobile Home
Materials
- Metal Frame
- Foundation: Crawlspace
- Roof: Built-Up
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Water Access, None
Location
- Region: New Port Richey
- Subdivision: PORT RICHEY LAND CO SUB
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Body type: Single Wide
- Listing terms: Cash
- Ownership: Fee Simple
- Road surface type: Paved, Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2025 | Sold | $49,235+0.5%$43/sqft |
Source:  Stellar MLS #W7873807 Report a problem | ||
| 8/29/2025 | Pending sale | $49,000$43/sqft |
Source: Stellar MLS #W7873807 Report a problem | ||
| 8/28/2025 | Price change | $49,000-24.6%$43/sqft |
Source: Stellar MLS #W7873807 Report a problem | ||
| 8/10/2025 | Price change | $65,000-11%$57/sqft |
Source: Stellar MLS #W7873807 Report a problem | ||
| 7/1/2025 | Price change | $73,000-18.9%$64/sqft |
Source: Stellar MLS #W7873807 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,604 +10.1% | $77,019 +56.6% |
| 2023 | $1,457 +16.8% | $49,170 +10% |
| 2022 | $1,247 +6.6% | $44,700 +21% |
Find assessor info on the county website
Neighborhood: East Madison
Nearby schools
GreatSchools rating
- 4/10Cotee River Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Gulf Middle SchoolGrades: 6-8Distance: 0.2 mi
- 3/10Gulf High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$48,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$48,900
- Florida
- Pasco County
- New Port Richey
- 34653
- East Madison
- 5642 Congress St