Single Family Residence at 5016 MARLIN DR, NEW PORT RICHEY
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20 photos

$500,000

5016 MARLIN DR
NEW PORT RICHEY, FL 34652
Listed by Alexander Izikson · RICHARD PETERS REALTY LLC
Bedrooms
3
Bathrooms
2
Living area
2,006 sqft
Year built
1973

About this home

*ATTENTION INVESTORS AND SAVVY OWNER OCCUPANTS* Incredibly rare waterfront investor special in the highly desirable Gulf Harbors community of New Port Richey, just one block from the open Gulf with no bridges. The owner's retirement offers you the rare chance to secure this spacious 3 bed / 2 bath, 2,006 sqft pool home on a large corner lot with over 95 ft of water frontage, immediate deep-water Gulf access, and major remediation already completed. While some finishing touches are still needed, the heavy lifting has already been done, making this an ideal opportunity for savvy owner-occupants, investors, and flippers looking to create serious value in a true Florida waterfront setting. So what makes this one so special? 1) Flood remediation and major system repairs have already been addressed. The electrical has been completely redone, and all opened walls have brand new insulation throughout. The property passed a 4-point inspection after the hurricane and roof was given 10-12 years of estimated remaining life. Report available upon request. The AC and pool pump are both in good working order. 2) Mold treated and third-party tested. The property was dried out for 7-8 months, treated in multiple stages, then tested by an outside mold and mildew specialist who applied a final commercial-grade product. Certificate available upon request. 3) Newly updated chef's kitchen complete with new solid wood cabinets, ample counter space on newly added luxury granite countertops, brand new stainless steel appliances and a large fume hood. 4) Fully renovated master bath. 5) Over 95 ft of water frontage with a stationary boat dock and floating dock system, with immediate deep-water Gulf access just one block from the open Gulf with no bridges. 6) Large outdoor pool deck overlooking the water, complete with a tiki bar for entertaining and enjoying evenings and days in the Florida sun, with the pool heated by solar pool-heating mats on the roof. 7) Newer rear glass including a French door and three large sliders spanning the back of the home. 8) Oversized large 2-car garage providing excellent space for vehicles, storage, tools, hobby gear, and toys. 9) Large corner lot in Gulf Harbors, a waterfront community known for boating, beach access, and coastal living, offering boat ramps, a yacht club, a clubhouse, riverfront restaurants, and optional membership to the private Gulf Harbors Beach Club for just $200 annually, including gated beach access, cabanas, picnic areas, private bathrooms, and showers. 10) Just 6 minutes from vibrant downtown New Port Richey, with waterfront dining, local boutiques, breweries, live entertainment, and beautiful Sims Park along the scenic Cotee River. 11) Convenient location with Tampa International Airport and Clearwater Beach just 50 minutes away, giving you waterfront living with easy access to the rest of Tampa Bay. With deep-water Gulf access, a large waterfront pool deck, dock system, updated kitchen, new electrical, and remediation already completed with documentation available including mold certification, post-hurricane 4-point inspection, and recent appraisal, this property offers an exceptional canvas for your next flip, vacation home, or long-term waterfront hold. Easy to show. Feel free to soft pitch before writing anything up. MLS info sheet and disclosures available. No assignable contracts accepted.

Highlights

WaterfrontPrivate pool

Property details

MLS #
MFRTB8531647
Property type
Single Family Residence
Subdivision
FLOR A MAR
Status
Active
Days on market
26
On market date
July 23, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
2
Parking spaces
N/A
Lot size
0.25 acres

Market position

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

On the market 26 days -- 83 fewer days than NEW PORT RICHEY's current average of 109 days.
For reference, the median list price across 1,518 active listings in NEW PORT RICHEY right now is $229,900.

Mortgage calculator

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Est. monthly payment
$3,161/mo
$100,000 down
$400,000 loan
Principal & interest$2,594
Property tax (est.)$417
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 18, 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.