5127 BAY BOULEVARD, Port Richey, FL, 34668 | $499,994

5127 Bay Blvd, Port Richey, FL 34668
Waterfront Home with Canal Access • 4BR/2. 5BA • 0. 48 Acres
Some homes offer a view. This one offers a life.
Set along a private saltwater canal in the Martha’s Vineyard waterfront community of Port Richey, Florida, this Key West-style home delivers the coastal lifestyle Pasco County buyers have been searching for. With 4 bedrooms, 2 full bathrooms, 1 half bath, and 2, 162 square feet of living space on a rare 0. 48-acre lot, 5127 Bay Blvd is one of the most versatile waterfront properties available in the New Port Richey and Port Richey area.
The Property & Outdoor Space
Nearly half an acre of Florida waterfront is the foundation here, and every inch is usable. Expansive porches, a screened retreat, a private deck, and a waterfront fire pit create an outdoor living and entertaining experience that is scarce. The oversized lot accommodates boat parking, RV parking, and multiple vehicles with ease. A private boat ramp provides direct water access for kayaks, paddleboards, canoes, and small watercraft, with canal connectivity leading toward the Gulf of Mexico.
Inside the Home
Soaring high ceilings, an open floor plan, and a split-bedroom layout create a bright, airy atmosphere throughout. Tile and laminate flooring flow seamlessly across the main living areas, and a wood-burning fireplace adds warmth and character. The layout supports comfortable everyday living, multi-generational arrangements, or flexible guest accommodations.
Bonus Space & Garage
The lower level features dual garages and a bonus flex space with its own private entrance — ideal as a guest suite, in-law quarters, home office, home gym, or short-term rental opportunity.
Location
Located in Port Richey’s Martha’s Vineyard waterfront community, this home is minutes from marinas, waterfront dining, parks, shopping, and the restaurants and nightlife of Downtown New Port Richey. Easy access to US-19 and the Suncoast Parkway connects you to Tampa, Clearwater, and beyond.
Who This Home Is For
This property is the right fit for buyers searching for:
• A waterfront home in Pasco County with small craft canal access
• A canal home in Port Richey with kayak, paddleboard, or small boat access
• A Gulf-area property with RV parking, boat parking, and an oversized lot
• A Key West-style Florida home with outdoor entertaining space
• A multi-generational home with flex space and private entrance
• A vacation home or investment property near the Gulf of Mexico
If you’ve been searching for a waterfront home in Port Richey, a Florida coastal property with land and flexibility, or a lifestyle upgrade on the water, 5127 Bay Blvd is the one worth seeing.

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