5016 Marlin Dr, New Port Richey, FL 34652
FOR SALE $459,990
Additional Details
- Important Details: --> Vacant at close --> Pool home with gulf access
- Features: Textbook flip with huge upside in Port Richey! This 3/2 home offers 2,006 SQFT and will be delivered vacant at close. This rare Gulf-access pool home sits on a large 0.25-acre corner lot and features an attached two-car garage, updated floating dock, tiki hut, and immediate deep-water Gulf access. The cheapest dated active home with similar specs in the neighborhood is listed at $720K, making this an outstanding value-add opportunity. With its premium waterfront location, desirable amenities, and limited competing inventory, a fully renovated home of this caliber is sure to stand out and command top dollar on the resale market.
- Potential ARV: $780,000-$800,000
- Rehab Description: To maximize resale value, the kitchen has already been replaced, the home has been professionally remediated following flooding, and the pool is in great condition. The barrel tile roof is approximately 20 years old and is in good condition. Replace the AC, repair the fence, and modernize the interior by updating the flooring, bathrooms, and fixtures. Finish with fresh interior and exterior paint to create a premium, market-ready waterfront home.
- Ideal Investment Strategy: Resale/Rental
- Construction: CBS
- Comp 1: 4976 GALLEON CT, NEW PORT RICHEY, FL 34652 4/3 2268 SQFT 1973 Build PENDING @ $950,000 (Slightly bigger/updated)
- Comp 2: 3747 FLORAMAR TER, NEW PORT RICHEY, FL 34652 3/3 1598 SQFT 1962 Build PENDING @ $649,000 (Smaller/updated)
- Comp 3: 5424 PILOTS PL, NEW PORT RICHEY, FL 34652 2/2.5 1829 SQFT 1978 Build SOLD @ $980,000 4/24/26 (Smaller/fully updated)
- Comp 4: 5101 GALLEON CT, NEW PORT RICHEY, FL 34652 3/2 1779 SQFT 1978 Build SOLD @ $895,000 4/23/26 (Smaller/fully updated)
- Comp 5: 5401 PILOTS PL, NEW PORT RICHEY, FL 34652 3/2 1868 SQFT 1974 Build SOLD @ $860,000 5/26/26 (Smaller/some updates)
- Comp 6: 3553 SEAWAY DR, NEW PORT RICHEY, FL 34652 3/2 2112 SQFT 1978 Build SOLD @ $845,000 5/4/26 (Updated)
- Comp 7: 3608 FLORAMAR TER, NEW PORT RICHEY, FL 34652 3/2 1976 SQFT 1971 Build SOLD @ $740,000 6/24/26 (Updated)
- Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Hard Money















































