David Ramirez
$1,600,000$1,990,0003 bd3 ba3,152 sqft$508 /sqft$10,462 /mo all-in ↓

5040 WATERSIDE DRIVE, PORT RICHEY, FL, 34668

Active458 days on marketListed May 1, 2025MLS #W7875122

Reduced $390KWaterfrontPrivate poolSingle Family ResidenceHARBOR ISLES 2ND ADD

About this home

5040 WATERSIDE DRIVE

Elevated waterfront pool home, abundant dockage, *attached buildable waterfront lot*, one canal off the river! This coastal-themed beauty with *elevator* has had a full remodel and addition done since 2020. The elevated main living floor has a generous kitchen with large island, wall ovens, ice maker, smart hood with TV display, trash compactor, and counterspace for all your projects. The lower cabinets are outfitted with pull-outs for easy access. Adjacent great room with cathedral ceiling and floor to ceiling windows can be used for dining or gathering around the modern electric fireplace. Conveniently located on the same floor are three bedrooms, two bathrooms, and the dedicated laundry room. The primary retreat has water views and access to your outside deck. There will be no fighting for storage in the oversized primary closet, with built-in organizers including a crafting desk and sewing cabinet, and the primary bathroom has still more storage for two, large shower and clawfoot tub, plus water closet still provides privacy. Upstairs loft area has another dedicated seating area, a movie-watching space with ceiling projector and surround audio, and private office area with Gulf views, while the glass railings allow natural light access all of the space. With upgraded vinyl impact windows and sliders, watch manatees and dolphins play behind your home while enjoying the noise and energy benefits of the insulated glass. Outside there are two 10,000lb boat lifts, jet ski lift, a floating dock, and davits for your fleet of red-fish catching boats. The pool and deck were also remodeled, and you'll enjoy relaxing on the built-in sun shelf or entertaining under the covered patio, which includes a weather enclosure for your outdoor TV. A dedicated irrigation well means the landscaping is easy to maintain without a separate water bill! Not included in the listing living sqft is your downstairs GAME ROOM/guest room, with full updated bathroom inc walk-in shower for easy washing after boating or pool days, and concrete wall panels up to 6' so you don't have to worry about drywall below the main living floors. The garage has room for 3+ cars, work bench, plus large storage area, all the electrical outlets a hobbyist could need, and even a sliding hoist. No need to pay for trailer or boat storage, there's room in your empty lot to park your toys on the gravel side drive. The HVAC, metal roof, impact windows/sliders, docks, lifts, SEAWALL, pool/deck surfacing, landscaping have all been redone since 2020. Low flood insurance, with all your primary living space is on the elevated floors! Just a short boat ride from home will have you to the island of Anclote SP for beautiful uncrowded beaches or amazing flats fishing at Werner-Boyce SP. The City of Port Richey is a golf-cart permitted city and just a short cart ride from shopping, waterfront dining, and three parks with playgrounds, kayak launches, and fishing. The City also has its own police/fire depart, and city council for that small town feel but close to all big city amenities. Downtown NPR has many eateries and outdoor events just down Grand Blvd. When you need big city, Tampa airport/downtown is direct via Ridge Road Extension to the Veterans, where Moffitt Cancer Center is currently building their new medical campus. Don't miss all of the outdoor adventures this property has to offer while enjoying living above the floodplain. 3D Tour in link

Facts & features

The home at a glance

3

Bedrooms

3

Bathrooms

3,152

Sqft

0.56 ac

Lot size

3

Garage

1985

Year built

Three Or More

Levels

$508

Per sqft

Private poolWaterfrontFireplaceWater viewPets allowed

Inside

FlooringTile · Hardwood
AppliancesBuilt-In Oven · Convection Oven · Cooktop · Dishwasher · Disposal · Dryer · Electric Water Heater · Ice Maker · Microwave · Range Hood · Refrigerator · Trash Compactor · Washer
InteriorCathedral Ceiling(s) · Ceiling Fan(s) · Elevator · High Ceilings · Kitchen/Family Room Combo · Primary Bedroom Main Floor · Smart Home · Solid Surface Counters · Solid Wood Cabinets · Split Bedroom · Thermostat · Vaulted Ceiling(s) · Walk-In Closet(s) · Window Treatments
LaundryInside · Laundry Room · Upper Level
CoolingCentral Air
HeatingCentral · Electric

Outside & construction

RoofMetal
ConstructionConcrete · HardiPlank Type · Stucco · Wood Frame
FoundationSlab
ViewWater
FacesNorth
ParkingBoat · Driveway · Garage Door Opener · Ground Level · Oversized
ExteriorBalcony · Irrigation System · Lighting · Sliding Doors · Storage

Community & fees

Taxes (2024)$12,821/yr
PetsYes

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Electricity Connected · Fiber Optics · Fire Hydrant · Public · Sewer Connected · Sprinkler Well · Street Lights · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$10,462 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$8,634
PMI (est., until 20% equity)$600
Property tax — 2024 actual bill$1,068
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $160,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $160,000
Interest rate6.00%
Loan term

Estimated payment

$10,462/mo

Principal & interest$8,634
PMI (est., until 20% equity)$600
Property taxes (actual bill)$1,068
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. 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.

$/sqft vs Port Richey actives

$508 vs $193

Days on market

458 vs 38 typical

Where $508/sqft sits among the 323 Port Richey actives

117
149
41
7
1
8 · this home
$111–177$177–243$243–309$309–375$375–441$441+

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 Harbor Isles

Map of 5040 WATERSIDE DRIVE inside its neighborhood boundary

Drive times from this address

Tampa Int’l Airport (TPA)55 min
Downtown Tampa59 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Port Richey. See the full Port Richey guide →

Harbor Isles — neighborhood snapshot

Population

950

Median age

51

Median income

$72,941

Median home value

$305,200

Avg household

2

Households w/ children

109

For the school run

Pasco County School District

ElementaryRichey Elementary School★★★★★
MiddleChasco Middle School★★★★
HighGulf High School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Port Richey market

Seller’s marketBalanced5.3 months of inventoryBuyer’s market

$250K$237K

Port Richey median sold, yr/yr

97.1%

Sale-to-list ratio (12 mo)

169 of 323

Port Richey actives have cut their price

Median sold price, Port Richey, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 549% above the PORT RICHEY 34668 median. See the full Port Richey market guide →

Paper trail

This home's history

CurrentPrice reduced to $1,600,000 $390K
May 1, 2025Listed at $1,990,000 · 458 days on market since
1985Built · HARBOR ISLES 2ND ADD

Reality check

What actually sold near 5040 WATERSIDE DRIVE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

7041 MORNINGSTAR LANESold · Mar ’26

$555,000

7041 MORNINGSTAR LANE

3 bd · 2 ba · 2,279 sqft · $244/sqft · 194 DOM

6746 RIVER ROADSold · Apr ’26

$850,000

6746 RIVER ROAD

4 bd · 3 ba · 2,133 sqft · $398/sqft · 24 DOM

6936 RIVER ROADSold · Aug ’25

$1,250,000

6936 RIVER ROAD

4 bd · 3.5 ba · 4,259 sqft · $293/sqft · 13 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.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 5040 WATERSIDE DRIVE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 5040 WATERSIDE 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.

Goes straight to David’s phone and CRM.

Straight answers

5040 WATERSIDE DRIVE FAQs

What would the monthly payment be for 5040 WATERSIDE DRIVE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $10,462/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 5040 WATERSIDE DRIVE?+

The most recent tax bill on record (2024) was $12,821. 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 5040 WATERSIDE DRIVE?+

The listing reports pets: 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 $1,600,000, this home is listed about 518% above the Port Richey median of $259,000. The market section on this page shows how the area is trending.

Which schools are assigned to 5040 WATERSIDE DRIVE?+

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

$1,600,000 runs 549% above the PORT RICHEY 34668 median — but at 3,152 sqft it's also nearly twice the size of 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

458 days on market against a Port Richey median of 38 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $1,990,000, now $1,600,000 — a $390K cut. The full history is in the market section below.

Listing courtesy of SNAP REALTY LLC · Jen Ferraz. MLS #W7875122.

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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