INNOVATE Real Estate
Single Family Residence at 5736 COLONIAL DR, NEW PORT RICHEY
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$349,000

5736 COLONIAL DR
NEW PORT RICHEY, FL 34653
Listed by FUTURE HOME REALTY
Bedrooms
2
Bathrooms
2
Living area
1,542 sqft
Year built
1973

About this home

High & Dry Waterfront Beauty – Fully Remodeled and Solar-Powered! This beautifully updated waterfront home stood strong through Hurricanes Helene and Milton — high and dry with absolutely no damage! Nestled in an established, quiet lakefront community, this move-in-ready home has been completely remodeled with quality finishes and modern style. Step inside to find luxury waterproof wood and tile flooring throughout, a stunning new kitchen with modern cabinetry, premium granite countertops, and stainless steel appliances. There are two brand-new full bathrooms — one featuring a relaxing soaking tub and the other a sleek new walk-in shower. The oversized covered back porch is perfect for entertaining, with plenty of room for your grill, dining set, and lounge furniture. The huge backyard offers endless possibilities and includes a freestanding building ideal for a workshop, studio, or extra storage. Mature shade trees frame a serene lake view that can be beautifully opened up with light landscaping. This home also includes an advanced, fully paid premium water softening system, new furniture (negotiable), and a state-of-the-art $32,000 solar power system — paid in full! Major updates include a new roof (2021) and new A/C (2019/2020). Best of all — No HOA, No CDD, No Deed Restrictions, and NOT in a flood zone. With potential for 3 bedrooms and 2 full baths, this property offers incredible flexibility — whether you’re looking for a primary home, vacation retreat, or income-producing rental (short or long term). Truly the best of Florida living — modern comfort, freedom, and peace of mind — all in one beautiful lakefront package.

Property details

MLS #
MFRW7874655
Property type
Single Family Residence
Subdivision
RIVERSIDE SUB
Status
Active
Days on market
361
On market date
April 17, 2025
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
0.18 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
JAMES M. MARLOWE ELEMENTARY SCHOOL
1.05 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
544
Student:teacher ratio
13.9:1
District
PASCO
Middle
GULF MIDDLE SCHOOL
0.12 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
926
Student:teacher ratio
16.5:1
District
PASCO
High
GULF HIGH SCHOOL
0.68 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,468
Student:teacher ratio
17.7:1
District
PASCO

Walkability

Blended score for NEW PORT RICHEY's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

71
Walkable
out of 100
EPA National Walkability Index
13.3 / 20 -- Above average walkable
Google Places amenity density
78 / 100
Restaurants & cafes7
Grocery stores2
Parks3
Schools12
Transit stops20
Pharmacies3

Market position

How this listing compares to current activity in NEW PORT RICHEY, from live MLS data.

On the market 361 days -- 251 more days than NEW PORT RICHEY's current average of 110 days.
For reference, the median list price across 1,520 active listings in NEW PORT RICHEY right now is $229,000.

Mortgage calculator

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Est. monthly payment
$2,252/mo
$69,800 down
$279,200 loan
Principal & interest$1,811
Property tax (est.)$291
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated April 13, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.