For SaleRisky Deal12 days on market
5324 REEF DRIVE
5324 REEF DRIVE, NEW PORT RICHEY, FL 34652, New Port Richey, FL 34652
$275,000
Listing Price
5324 REEF DRIVE, NEW PORT RICHEY, FL 34652
Loc: New Port Richey, FL
Days Listed
12
Tax Assessed
$292k
Lot Size
5,950 sqft
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
James M. Marlowe Elementary School
PK-5
0.9 mi away
2
Gulf Middle School
6-8
2.1 mi away
3
Gulf High School
9-12
1.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylestucco exteriorsingle storymid-century modern influenceattached garagedecorative breezeblockarched architectural detailslarge front yardpaved drivewayconcrete mailboxlow-pitched roofresidential propertysunny suburban setting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.70%
Total ROI
82.7%
Cash Flow
$-122/mo
DSCR
0.91
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-122/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in New Port Richey
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $275,000 | $178 |
| 2026-08-05 | Sold | $287,300 | $186 |
| 2016-08-31 | Sold | $125,000 | $81 |
| 2016-04-13 | Sold | $46,800 | $30 |
| 2016-01-28 | Listed for sale | $0 | – |
| 2014-06-16 | Sold | $35,100 | $23 |
| 2014-04-29 | Price change | $10,000 | $6 |
| 2014-03-27 | Listed for sale | $0 | – |
| 2007-06-22 | Sold | $142,000 | $92 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,429.88 | $111,940 |
| 2024 | $1,386.35 | $108,790 |
| 2023 | $1,324.84 | $108,790 |
| 2022 | $1,180.51 | $105,630 |
| 2021 | $1,146.49 | $99,580 |
| 2020 | $1,121.23 | $98,210 |
| 2019 | $1,081.03 | $95,360 |
| 2018 | $1,081.03 | $93,585 |
| 2017 | $1,052.59 | $91,660 |
| 2016 | $1,041.7 | $77,439 |
| 2015 | $1,430.88 | $74,655 |
| 2014 | $1,107.9 | $61,988 |
| 2013 | $0 | $48,966 |
| 2012 | $0 | $64,903 |
| 2011 | $0 | $67,320 |
| 2010 | $0 | $76,018 |
| 2009 | $0 | $87,712 |
| 2008 | $0 | $121,902 |
| 2007 | $0 | $132,779 |
| 2006 | $0 | $126,081 |
| 2005 | $0 | $104,063 |
| 2004 | $0 | $80,212 |
| 2003 | $0 | $76,798 |
| 2002 | $0 | $63,847 |
| 2000 | $0 | $56,080 |
| 1999 | $0 | $56,273 |
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