5307 Berkley Rd, New Port Richey, FL 34652

Your Affordable Florida Oasis! Charming 2-Bedroom Home with Carport in New Port Richey for $74,990!

Welcome to 5307 Berkley Rd, an incredibly affordable and inviting 2-bedroom, 1-bathroom single-family home perfectly situated on a generous 5,749 sqft lot in the quiet Jasmine Terrace subdivision of New Port Richey, FL. Built in 1957, this efficient 744 sqft residence offers an exceptional opportunity for first-time homebuyers, retirees, or savvy investors seeking an unbeatable value in the vibrant Tampa Bay area.

Step inside and discover a cozy home with a functional layout. This property features durable concrete block and stucco exterior, with an asphalt roof. It includes essential comforts like central air conditioning and forced air heating. The interior offers a blend of carpet and “other” flooring (likely tile), providing a comfortable living space that’s ready for your personal touches. A convenient carport provides sheltered parking. The property has no HOA, offering maximum flexibility and cost savings.

This property was last sold in 1999 for $35,000, and recent market estimates (as of July 2025) suggest a value ranging from $122,028 to $294,760, making its current asking price of $74,990 an incredible investment opportunity.

Experience the New Port Richey Lifestyle: New Port Richey, located in Pasco County on Florida’s beautiful Gulf Coast, offers a unique blend of small-town charm, natural beauty, and convenient access to big-city amenities.

• Affordable Cost of Living: New Port Richey is notably more affordable than many other Florida cities and the national average. Housing costs are significantly lower, making homeownership more accessible. The overall cost of living is 3% less expensive than the national average and 11% less expensive than the average city in Florida.
• Waterfront Charm & Outdoor Recreation: The city boasts a revitalized downtown area with a walkable atmosphere, local eateries, and riverfront parks along the Pithlachascotee (Cotee) River. Enjoy boating, kayaking, and fishing from public launches. Explore numerous parks like Sims Park (with a splash pad and amphitheater), James E. Grey Preserve (an 80-acre wildlife preserve), and Robert K. Rees Memorial Park with its boardwalk and beach access. Nearby beaches like Green Key Beach and Weeki Wachee Springs State Park (famous for its mermaids!) offer additional outdoor adventures.
• Community Feel: New Port Richey maintains a strong sense of community with local events, art walks, and independent businesses. Many residents are retirees, but there’s a growing mix of families and remote workers attracted by the affordability and lifestyle.
• Convenient Location: While offering a quieter pace, New Port Richey provides quick access to larger metropolitan areas. Tampa is approximately 40-50 minutes southeast, offering diverse job markets, international airports (Tampa International), and world-class entertainment. Clearwater and St. Petersburg are also within a reasonable drive.
• No State Income Tax: A significant financial benefit of living in Florida.

Considerations for Living in New Port Richey: Like many Florida cities, summers are hot and humid. Some residents mention increasing traffic due to new construction and a lack of diverse food options outside of the revitalized downtown. While there are plenty of outdoor activities, some younger residents feel there’s a lack of nightlife. Public transportation is limited, so a car is essential.

The New Port Richey real estate market is currently considered a buyer’s market as of May-July 2025, with declining home prices. The median sale price in May 2025 was $202,000, down 15.5% year-over-year. Homes are taking longer to sell (median 63 days on market), and a significant percentage are selling below list price (around 66.5% in May 2025), indicating that buyers have strong negotiation power. This makes the extremely competitive price of this home even more appealing.

With an estimated refinance payment of approximately $897/mo, this charming home presents an unparalleled opportunity at just $74,990 to own a piece of the Florida dream. Its low price point, efficient layout, and desirable location with no HOA make it an ideal choice for budget-conscious buyers or investors looking to maximize their return in a shifting market.

Don’t miss out on this incredible value! Schedule your private showing today and discover the potential of 5307 Berkley Rd in New Port Richey.