Investor Alert! Rare 1.37-Acre Waterfront Land Opportunity in New Port Richey, Pasco County, Florida. Discover the potential of this unique waterfront land investment featuring three parcels totaling approximately 1.37 acres with R4 zoning in New Port Richey, Florida. With frontage along Oyster Bayou, this property presents an opportunity for builders, developers, and real estate investors seeking land with redevelopment potential in the Tampa Bay area. Whether you're exploring a custom waterfront home, a multi-parcel residential development, or a long-term land investment, this property offers a blank canvas for your next project, subject to zoning requirements, site conditions, and county approvals. Why Consider This New Port Richey Land Investment? Three parcels totaling 1.37 acres: Explore the potential of acquiring and planning across multiple parcels. R4 zoning: Investigate permitted residential uses and development possibilities with Pasco County. Waterfront setting: Oyster Bayou frontage offers a distinctive feature for future property planning. Redevelopment potential: An opportunity for builders and investors looking for vacant land in an established Florida community. Convenient location: Near local parks, shopping, dining, and major roadways in the New Port Richey area. An Opportunity for Builders and Real Estate Investors Finding a multi-parcel waterfront property in Pasco County can present an opportunity for investors looking to explore future residential development or land investment strategies. The combination of acreage, R4 zoning, and bayou frontage makes this property worth a closer look for buyers with a clear vision and a development plan. Explore the possibilities at 4935 Largo Terrace, New Port Richey, FL 34652. Buyers are encouraged to independently verify zoning, permitted density, buildability, utilities, flood-zone requirements, environmental restrictions, parcel boundaries, and all intended uses with the appropriate authorities. If you're searching for waterfront vacant land, residential development land, or a multi-parcel real estate investment in New Port Richey, Florida, this property deserves your attention.
Vacant landProperty Type
1.37 acresLot Size
$65,328Price/Acres
Listed by Amanda Adams• SUNBELT REAL ESTATE FLORIDA
The purpose of the R-4 High Density Residential District is to encourage the orderly development and preservation of higher density residential environments and to provide areas in which economies of high density residential development may be achieved without sacrificing the individualized nature of the single-family residence.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Educational/school
Apr 28, 2026 • Active
Residential demolition
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 109° expected this year, 27 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
New Port Richey, FL • 34652
Average low and high temperatures (°F)
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77
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71
55
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Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in New Port Richey. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4935 Largo Ter
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $135,000 and $210,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $135K to $210K.