5651 MONROE STREET, NEW PORT RICHEY, FL, 34653
Active111 days on marketListed Apr 22, 2026MLS #W7885045
About this home
5651 MONROE STREET
Waterfront opportunity on the scenic Pithlachascotee River—this is all about the land and location. Situated on a quiet street, this rare property features a deep, oversized lot that extends directly to the river with Gulf access, offering endless potential for outdoor living, expansion, or future value. The home itself is a true Old Florida original, uniquely constructed with interior and exterior accent walls made from authentic stones sourced from the Pithlachascotee River. Distinctive architectural details like curved glass windows and castle-like angles give it undeniable character. Inside, you’ll find a bright, creatively designed layout with generously sized bedrooms, a comfortable great room, and a kitchen highlighted by a curved bay window with views out to the River. A detached garage provides ample space for storage or a workshop. Whether you’re looking to enjoy it as-is or capitalize on the incredible waterfront lot, this is a rare chance to secure a prime piece of riverfront property at a compelling price point. NEWER ROOF (2020) UPDATED PANEL (2018) NEW WATER HEATER (2023)
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,256
Sqft
0.48 ac
Lot size
1
Garage
1941
Year built
One
Levels
$239
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.
$2,376 /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
$2,376/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
+8.6%
$/sqft vs New Port Richey actives
$239 vs $201
Days on market
111 vs 51 typical
Where $239/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 → $275K
New Port Richey median sold, yr/yr
96.3%
Sale-to-list ratio (12 mo)
235 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 25% 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 5651 MONROE STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$132,500
5641 COLUMBIA DRIVE
3 bd · 2 ba · 1,269 sqft · $104/sqft · 80 DOM
Sold · Sep ’25$235,800
4318 MESA DRIVE
3 bd · 2 ba · 1,236 sqft · $191/sqft · 52 DOM
Sold · Jun ’26$269,900
4335 LAS VEGAS DRIVE
3 bd · 2 ba · 1,300 sqft · $208/sqft · 93 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 5651 MONROE STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5651 MONROE STREET — 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
5651 MONROE STREET FAQs
What would the monthly payment be for 5651 MONROE STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,376/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 5651 MONROE STREET?+
The most recent tax bill on record (2025) was $3,820. 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 $299,900, this home is listed about 7% 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 5651 MONROE STREET?+
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
Four things that matter here
01Positioned at the premium end
$299,900 runs 25% above the NEW PORT RICHEY 34653 median.
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
111 days on market against a New Port Richey median of 51 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $334,900, now $299,900 — a $35K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of FUTURE HOME REALTY · John Brokalakis. MLS #W7885045.
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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