Residential Property - Single Family Residence in New Port Richey
Listing Price: $600,000
Description of Property
One or more photo(s) has been virtually staged. Short Sale. RARE OPPORTUNITY — PALATIAL ESTATE WITH ENDLESS POTENTIAL! ***Huge price drop*** Visionaries and savvy investors, take note! This is your chance to restore and personalize an absolutely extraordinary property and make it your own showcase masterpiece. Whether you're seeking a multigenerational family compound, an income-producing investment, or simply the grandest home on the block — this one-of-a-kind estate delivers the bones, the space, and the setting to make it all possible. THE ESTATE Nestled within the prestigious gated community of Gracewood at River Ridge, this stunning 6 bed/5 bath estate sits on a full one-acre conservation lot and includes two adjoining homes — a rare combination that opens the door to multigenerational living, a private mother-in-law suite, or significant rental income potential. Mature landscaping, elegant stucco architecture, and the natural beauty of Cypress trees create a serene, private retreat with no rear neighbors. OUTDOOR LIVING The screened lanai frames a spectacular free-form heated pool and spa — the ultimate Florida entertaining space awaiting your personal touch and vision. The expansive pool deck is ready for your custom restoration. A spacious 3-car garage provides generous storage. MAIN RESIDENCE — APPROX. 4,022 SQ FT Step inside and prepare to be impressed. Soaring vaulted ceilings and luxurious architectural details set the tone throughout. The gourmet kitchen features rich wood cabinetry and granite countertops, flowing seamlessly into the family room for effortless everyday living and entertaining. The show-stopping master suite is nothing short of palatial — a double-door entry flanked by spectacular Grecian columns leads into a retreat with rounded walls, a fireplace, and triple sliders opening to the lanai. Its own dedicated electrical panel speaks to the thoughtful design throughout. The extraordinary en-suite bath features separate vanities, granite countertops, a 2-person black Jacuzzi jetted spa, bidet, and a walk-through shower with 6 body nozzles plus a waterfall feature — a true spa experience at home. Adjacent to the master suite is a private office with its own full bathroom. The enormous bonus room adapts perfectly as a game room, home library, or additional bedroom. Formal living and dining areas, two additional bedrooms, a separate office, and two fireplaces complete this magnificent main residence. ADJOINING HOME — APPROX. 1,648 SQ FT Accessed through its own private courtyard entry, the adjoining home offers 3 bedrooms, 2 bathrooms, a full kitchen, and a family room with fireplace — perfectly suited for extended family, long-term guests, or income-generating rental use. RECENT UPDATES & ADDED VALUE Peace of mind comes with a new roof (2021) and new water heater (2023) in the main home. Three A/C systems, a whole-house vacuum system, and an assumable flood insurance policy at under $1,000 annually round out an impressive list of features. All of this just 15 minutes from Gulf beaches and 30 minutes from Tampa International Airport, with easy access to top shopping, dining, and medical facilities. Agents: Please read Agent Only Remarks prior to showing. ***This home needs work but it will be worth it***














































Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: New Port Richey
County: Pasco
Subdivision: Gracewood At River Ridge
Bedrooms: 6
Bathrooms: 5
Sq. Ft. Gross: 6,352
Sq. Ft. Living Area: 5,670
Cost per (heated) sqare foot: $106
Year built: 1993
Annual Tax: $6,635
HOA Fee: $104 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- Private Road
Appliances: Range Hood
Fireplace: Yes
Fireplace Features: Master Bedroom
Additional Rooms: Interior In-Law Suite w/Private Entry
Flooring: Ceramic Tile
Schools
Elementary School: Cypress Elementary-PO
Middle/Junior High School: Seven Springs Middle-PO
High School: River Ridge High-PO
Pool & Waterfront Info
Private Pool: Yes
Pool Features: Screen Enclosure
Spa Features: In Ground
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Sliding Doors
Garage: Yes
Garage Spaces: 3
Parking Features: Garage Door Opener
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Patio & Porch Features: Screened
Other Structures: Guest House
Sewer: Public Sewer
Water Source: Public
Community Features: Gated Community - No Guard
Association Amenities: Gated
Lot Information
Lot Features: Near Public Transit
Lot Size (acres): 1
Lot Size (sq. ft.): 43,560 square feet
Road Frontage: Street Paved
Front Exposure: Northwest
Legal Description & Other Information
Financing Available: FHA
Parcel Number: 1725310130000000520
Zoning: MPUD
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: GRACEWOOD AT RIVER RIDGE PB 25 PG 75-77 LOTS 52 & 53 OR 5254 PG 102
Section: 31
Range: 17
Listing courtesy of EXP REALTY LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

