3340 Floramar Ter, New Port Richey, FL 34652

Waterfront Living in New Port Richey: Spacious Home with Gulf Access!

Asking Price: $429,900

Embrace the Florida lifestyle with this spacious 2-bedroom, 2-bathroom single-family home located at 3340 Floramar Ter, New Port Richey, FL 34652. Built in 1972, this expansive 2,010 sqft residence offers ample living space and the highly sought-after feature of waterfront access, including a stationary dock, boat lift, and separate davits – perfect for boating enthusiasts. With an estimated refinance payment of $2,634/mo, this property provides an exciting opportunity for those seeking a tranquil and active coastal experience.

Key Features:

• Exceptional Waterfront Access: This is a key highlight! The property offers direct deep-water access to the Gulf of Mexico in minutes, complete with a stationary dock, boat lift, and separate davits. This makes it ideal for boating, fishing, and enjoying the nearby islands like Anclote Key, Honeymoon, or Caladesi Island.
• Generous Space for a 2-Bedroom: At 2,010 sqft, this home is unusually large for a 2-bedroom, 2-bathroom layout, providing spacious living areas. The open floor plan for the living and dining rooms further enhances the sense of space.
• Modern Updates: Previous listings indicate this home has been remodeled and features a pool/spa, central A/C, and an attached finished garage. It’s constructed with concrete block/stucco and has a concrete tile roof, suggesting durability.
• New Port Richey Market Dynamics (34652 Zip Code):
  • Neutral Market: New Port Richey, and specifically the 34652 zip code, is currently a “Neutral Market” in May 2025. This means there’s a relatively balanced supply and demand, with reasonable prices and typical time on the market.
  • Price Trends: The median sold price for homes in New Port Richey was $287,680 in May 2025, down 2.6% year-over-year. For 2-bedroom homes in New Port Richey, the median sold price was $219,000 in May 2025, down 5.0% year-over-year.
  • Value Proposition: This home’s asking price of $429,900 is significantly higher than the median for 2-bedroom homes in the area. However, this is largely attributed to its direct Gulf access, substantial square footage, and updated features, which command a premium in this market. While the median list price in 34652 was $257,301 in May 2025, homes with direct water access in the Gulf Harbors area can sell for much higher, as evidenced by recent sales of similar properties on Floramar Ter ranging from $360,000 to $455,000.
  • Negotiation Potential: In the broader New Port Richey market, 63% of homes sold below asking price last month, suggesting some buyer leverage. In the 34652 zip code, 64.1% of sales were under list price in March 2025.
  • Days on Market: Homes in 34652 are on the market for an average of 65 days.
• Optional Community Membership (Gulf Harbors): While there’s no mandatory HOA for this specific address, the home is located in the desirable Gulf Harbors community, which offers an optional membership to a private sandy beach club on the Gulf for a yearly fee (around $200 per year). There’s also an optional Civic Association membership providing access to a clubhouse, clubs, activities, and two private boat ramps.
• Convenient Amenities:
  • Shopping: Gulf Harbor Plaza (0.9 mi), Southgate Shopping Center (1.1 mi) are nearby.
  • Healthcare: Morton Plant North Bay Hospital (3.2 mi), Medical Center of Trinity (6.8 mi).
  • Parks: Werner-Boyce Salt Springs State Park (7.7 mi), Jay B. Starkey Wilderness Park (8.6 mi).
  • Transportation: Approximately 30 miles northwest of Tampa, with easy access to Tampa International Airport (49 min drive) and St. Pete-Clearwater International Airport (49 min drive).
• Schools (Pasco County Schools):
  • Mittye P. Locke Elementary School (PK-5, 2.1 mi away, generally positive reviews)
  • Gulf Middle School (6-8, 3.1 mi away, 2/10 GreatSchools Rating)
  • Gulf High School (9-12, 2.5 mi away, 3/10 GreatSchools Rating)

Important Considerations:

• Flood Zone AE: This property is located in Flood Zone AE (Flood Zone Code: AE, Flood Zone Date: 06-05-2020), meaning it’s an area subject to inundation by the 1-percent annual chance flood. Mandatory flood insurance is required in this zone. Buyers should factor flood insurance costs into their budget. New Port Richey has implemented strong floodplain management regulations, which can help with insurance rates.
• Property Age & Potential Updates: While the listing mentions a remodel, a 1972 home may still benefit from further modernizations to suit personal tastes. Buyers should consider a thorough inspection.
• Verify Square Footage: There can be slight variations in recorded square footage. Buyers should verify the exact square footage through an appraisal.
• Crime Rate: While specific crime data for this exact street isn’t available, general crime rates for New Port Richey are available through local law enforcement and online resources. Buyers should research these for their comfort.
• Utilities & Taxes: Property taxes for similar homes in the area can range, so verifying the current tax assessment and homeowners insurance costs is crucial for accurate budgeting.

This home at 3340 Floramar Ter offers an incredible opportunity for waterfront living in New Port Richey, combining spacious interiors with direct Gulf access and a desirable location. For those seeking a vibrant boating lifestyle and a comfortable home, this property is a compelling choice.

Priced at $429,900 – don’t miss out on this unique waterfront opportunity! Schedule your private showing today.