5421 GULF DRIVE, NEW PORT RICHEY, FL, 34652
Active1968 days on marketMLS #W7824358
About this home
5421 GULF DRIVE
This offering presents a unique opportunity to acquire 1.61± acres of strategically located land at the corner of Gulf Drive and Charles Street, just two blocks east of US Highway 19 in the heart of New Port Richey, FL. With 200± feet of frontage on Gulf Drive and daily traffic counts of approximately 6,600 vehicles, the property boasts strong visibility and access. Located within the City of New Port Richey, the site is zoned for Medical Office use and may also offer potential for residential development, making it an ideal location for a variety of future uses. Positioned in Flood Zone X and surrounded by dense residential and commercial development, this property is priced to attract investors and developers alike.
Facts & features
The home at a glance
0.11 ac
Lot size
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.
$2,418 /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
$2,418/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.
Where it sits
Inside South River
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know New Port Richey. See the full New Port Richey guide →
South River — neighborhood snapshot
Population
778
Median age
44
Median income
$59,650
Median home value
$234,300
Avg household
2
Households w/ children
68%
For the school run
Pasco County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The New Port Richey market
$280K → $275K
New Port Richey median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
Median sold price, New Port Richey, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 56% above the NEW PORT RICHEY 34652 median. See the full New Port Richey market guide →
Reality check
What actually sold near 5421 GULF DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$225,000
5749 PINE STREET · same community
2 bd · 2 ba · 746 sqft · $302/sqft · 8 DOM
Sold · Jun ’26$59,000
4234 RICHMOND AVENUE
2 bd · 1.5 ba · 576 sqft · $102/sqft · 11 DOM
Sold · Apr ’26$70,000
4239 MEMPHIS AVENUE
2 bd · 1.5 ba · 600 sqft · $117/sqft · 148 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 5421 GULF DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5421 GULF DRIVE — 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
5421 GULF DRIVE FAQs
What would the monthly payment be for 5421 GULF DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,418/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 5421 GULF DRIVE?+
The most recent tax bill on record (2021) was $593. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in New Port Richey?+
At $349,000, this home is listed about 25% above the New Port Richey median of $280,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5421 GULF DRIVE?+
Richey Elementary School (elementary), Gulf Middle School (middle), Gulf High School (high) — Pasco County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of BHHS FLORIDA PROPERTIES GROUP · Dewey Mitchell. MLS #W7824358.
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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