5736 COLONIAL DRIVE, NEW PORT RICHEY, FL, 34653
Active477 days on marketListed Apr 17, 2025MLS #W7874655
About this home
5736 COLONIAL DRIVE
High & Dry Waterfront Beauty – Fully Remodeled and Solar-Powered! This beautifully updated waterfront home stood strong through Hurricanes Helene and Milton — high and dry with absolutely no damage! Nestled in an established, quiet lakefront community, this move-in-ready home has been completely remodeled with quality finishes and modern style. Step inside to find luxury waterproof wood and tile flooring throughout, a stunning new kitchen with modern cabinetry, premium granite countertops, and stainless steel appliances. There are two brand-new full bathrooms — one featuring a relaxing soaking tub and the other a sleek new walk-in shower. The oversized covered back porch is perfect for entertaining, with plenty of room for your grill, dining set, and lounge furniture. The huge backyard offers endless possibilities and includes a freestanding building ideal for a workshop, studio, or extra storage. Mature shade trees frame a serene lake view that can be beautifully opened up with light landscaping. This home also includes an advanced, fully paid premium water softening system, new furniture (negotiable), and a state-of-the-art $32,000 solar power system — paid in full! Major updates include a new roof (2021) and new A/C (2019/2020). Best of all — No HOA, No CDD, No Deed Restrictions, and NOT in a flood zone. With potential for 3 bedrooms and 2 full baths, this property offers incredible flexibility — whether you’re looking for a primary home, vacation retreat, or income-producing rental (short or long term). Truly the best of Florida living — modern comfort, freedom, and peace of mind — all in one beautiful lakefront package.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,542
Sqft
0.18 ac
Lot size
1
Garage
1973
Year built
One
Levels
$226
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.
$2,686 /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
$2,686/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
+29.7%
$/sqft vs New Port Richey actives
$226 vs $200
Days on market
477 vs 48 typical
Where $226/sqft sits among the 400 New Port Richey actives
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 East Madison
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 →
East Madison — neighborhood snapshot
Population
2,871
Median age
53
Median income
$47,467
Median home value
$106,978
Avg household
2
Households w/ children
192
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 → $280K
New Port Richey median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
221 of 400
New Port Richey actives have cut their price
Median sold price, New Port Richey, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 45% above the NEW PORT RICHEY 34653 median. See the full New Port Richey market guide →
Paper trail
This home's history
Reality check
What actually sold near 5736 COLONIAL DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$253,700
5728 COLONIAL DRIVE · same community
2 bd · 2 ba · 1,528 sqft · $166/sqft · 57 DOM
Sold · May ’26$300,000
1712 NE KING STREET · same community
2 bd · 2 ba · 920 sqft · $326/sqft · 261 DOM
Sold · Oct ’25$390,000
4558 WHITTON WAY
3 bd · 3 ba · 1,575 sqft · $248/sqft · 47 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 5736 COLONIAL DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5736 COLONIAL 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
5736 COLONIAL DRIVE FAQs
What would the monthly payment be for 5736 COLONIAL DRIVE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,686/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 5736 COLONIAL DRIVE?+
The most recent tax bill on record (2024) was $3,809. 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 $279,900. The market section on this page shows how the area is trending.
Which schools are assigned to 5736 COLONIAL DRIVE?+
Gulf Middle School (middle), Cotee River Elementary School (elementary), Gulf High School (high) — Pasco County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$349,000 runs 45% above the NEW PORT RICHEY 34653 median.
02Time on market is leverage
477 days on market against a New Port Richey median of 48 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $365,000, now $349,000 — a $16K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of FUTURE HOME REALTY · Gabor Geszti. MLS #W7874655.
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.
Never miss a listing
New New Port Richey homes, in your inbox
Like 5736 COLONIAL DRIVE but not quite? A daily digest of every new listing in New Port Richey — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →