5127 BAY BOULEVARD, PORT RICHEY, FL, 34668
Active221 days on marketListed Dec 26, 2025MLS #TB8459057
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Sun, Aug 9
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About this home
5127 BAY BOULEVARD
5127 Bay Blvd, Port Richey, FL 34668 Waterfront Home with Canal Access | 4BR/2.5BA | 0.48 Acres | Martha's Vineyard Community Some properties check boxes. This one changes your life. Set on a rare 0.48-acre saltwater canal lot in Port Richey's Martha's Vineyard waterfront community, this Key West-style home delivers the coastal Florida lifestyle at a price that still makes sense. Four bedrooms, 2.5 bathrooms, and 2,162 square feet of open, airy living space — with high ceilings, a wood-burning fireplace, and a split-bedroom layout built for real life. Outside is where this property separates itself. A private boat ramp with canal access toward the Gulf of Mexico, a waterfront fire pit, screened retreat, wraparound porches, and a private deck all on a lot large enough to accommodate boat parking, RV parking, and every vehicle in the family. The lower level adds serious flexibility: dual garages plus a bonus space with its own private entrance, ready to serve as a guest suite, in-law quarters, home office, or income-producing rental. Minutes from Downtown New Port Richey, waterfront dining, marinas, and US-19 with easy connectivity to Tampa and Clearwater.
Facts & features
The home at a glance
4
Bedrooms
2.5
Bathrooms
2,162
Sqft
0.48 ac
Lot size
4
Garage
2001
Year built
Two
Levels
$223
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,597 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,597/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−7.3%
$/sqft vs MARTHAS VINEYARD
$223 vs $290
Days on market
221 vs 40 typical
Where $223/sqft sits among the 8 homes for sale in MARTHAS VINEYARD
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Martha's Vineyard
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Port Richey. See the full Port Richey guide →
Martha's Vineyard — neighborhood snapshot
Population
987
Median age
51
Median income
$72,941
Median home value
$305,200
Avg household
2
Households w/ children
112
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Port Richey market
$229K → $225K
Port Richey median sold, yr/yr
97.1%
Sale-to-list ratio (12 mo)
6 of 8
MARTHAS VINEYARD have cut their price
Median sold price, Port Richey, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 97% above the PORT RICHEY 34668 median. See the full Port Richey market guide →
Paper trail
This home's history
Reality check
What actually sold near 5127 BAY BOULEVARD
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$404,000
5153 MILLER BAYOU DRIVE · same community
4 bd · 3 ba · 2,331 sqft · $173/sqft · 263 DOM
Sold · Nov ’25$245,000
5153 BAY BOULEVARD · same community
3 bd · 3 ba · 1,912 sqft · $128/sqft · 22 DOM
Sold · Oct ’25$215,000
5435 QUIST DRIVE · same community
3 bd · 2 ba · 1,685 sqft · $128/sqft · 75 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5127 BAY BOULEVARD — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5127 BAY BOULEVARD — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
5127 BAY BOULEVARD FAQs
What would the monthly payment be for 5127 BAY BOULEVARD?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,597/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5127 BAY BOULEVARD?+
The most recent tax bill on record (2024) was $4,561. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5127 BAY BOULEVARD?+
The listing reports pets: Cats OK, Dogs OK, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Port Richey?+
At $483,000, this home is listed about 86% above the Port Richey median of $259,990. The market section on this page shows how the area is trending.
Which schools are assigned to 5127 BAY BOULEVARD?+
Richey Elementary School (elementary), Chasco Middle School (middle), Gulf High School (high) — Pasco County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$483,000 runs 97% above the PORT RICHEY 34668 median — but at 2,162 sqft it's also 62% larger than the typical Port Richey listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
221 days on market against a Port Richey median of 40 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $549,945, now $483,000 — a $67K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of REAL BROKER, LLC · Gena McCulloch. MLS #TB8459057.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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