5040 WATERSIDE DRIVE, Port Richey, FL, 34668 | $1,800,000

Rare opportunity for an elevated waterfront pool home, with abundant dockage and an *attached buildable waterfront lot*. 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 currently at $1800/yr, 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

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 3 full
  • Lot Size: 180 x 100
  • Laundry: Inside, Laundry Room, Upper Level
  • Style: Key West
  • Year Built: 1985
  • Garage: 3-car Boat, Driveway, Garage Door Opener, Ground Level, Oversized
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 3,152
  • Acreage: 0.56
  • Lot Size: 180 x 100
  • Est. Taxes: $12,821
  • Lot Desc: Cleared, Corner Lot, Cul-De-Sac, Flood Insurance Required, FloodZone, City Lot, Landscaped, Near Marina, Oversized Lot
  • View: Water
  • Elem. School: Richey Elementary School
  • Middle School: Chasco Middle-PO
  • High School: Gulf High-PO
  • Pool: Deck, Gunite, In Ground, Pool Sweep
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Trash Compactor, Washer
  • MLS#: W7875122
  • Days on Market: 157 days
  • Website: https://www.raveis.com
    /eprop/W7875122/5040watersidedrive_portrichey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 2/19/2026 6:17:11 PM)
Listing courtesy of SNAP REALTY LLC   Phone: 727-457-5453

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NMLS Mortgage Loan Originator ID 16953

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5040 WATERSIDE DRIVE, Port Richey, FL, 34668

$1,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,440,000 $1,440,000 $1,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.142% 5.972% 5.826%
Monthly Tax Payment $1,068 $1,068 $1,068
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,176 $8,518 $11,862
Total Monthly Payment $9,369 $9,711 $13,055

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.