Charming 3 bedroom, 1-bath home featuring a newer kitchen, new vinyl flooring, fresh interior and exterior paint, and a new roof to be installed soon before closing! Enjoy a spacious backyard and a convenient location near downtown New Port Richey, shopping, restaurants, and North Bay Hospital.
South River, located between the Pithlachascotee River and U.S. 19, is a waterfront and residential New Port Richey neighborhood with riverfront parks and a laid-back, boat-ready feel. The neighborhood’s character concentrates around the Grand Boulevard bridge area, where river views, small marinas, and casual local hangouts set the pace. Architectural cues lean Florida-ranch and mid-century homes, with pockets of newer builds near the water. Sims Park and the riverwalk frame daily routines with shaded paths and open lawns. Downtown’s independent staples—Catches Waterfront Grille, Sip on Grand, and Richey Suncoast Theatre—anchor the local calendar. The river and Gulf breezes shape an outdoors-forward rhythm from morning paddles to sunset strolls.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Ceiling fans
Bedrooms
3 bedrooms
Bathrooms
1 full bathroom
Kitchen
Convection oven
Range hood
Laundry & utility
Other laundry features
Flooring
Vinyl flooring
Heating & cooling
Central heating
Central air conditioning
Exterior features
Asphalt road surface
Home design
Single-family residence
One story
West-facing
Construction
Block construction
Shingle roof
Slab foundation
Utilities
Public water
Public sewer
Electricity connected
Electricity and solar
View estimated energy costs and solar savings for this home
Beautifully remodeled 3 bedrooms 1 bath home in the heart of New Port Richey, close to downtown, the beaches, shopping and hospitals! Perfect for first time home buyers, investors, professionals or for someone who is looking to have a vacation home in a great location at a very affordable price. New kitchen with hardwood cabinets and elegant, brown glass backsplash tile. New counter tops and light fixtures, new window treatments. Newly carpeted large bedrooms, bath also had a stylish renovation. Open concept living room, new laminate floors flow into the kitchen. Great floor plan, the large windows let in a lot of natural light. Brand new A/C system, newer roof and upgraded electric panel. Freshly painted inside and outside. All of this on an oversized, partially fenced in backyard, room for a boat or an RV, endless possibilities even for expansion. No HOA fees. A really nice, homey place waiting for it's new owners in moving in condition. Hurry, don't miss it!
Stellar MLS as Distributed by MLS Grid #T2750390
Jun 2, 2015
Listing Removed
—
May 28, 2015
Sold
$40,000
$40/sq ft
May 1, 2015
Pending
—
Apr 7, 2015
Listed
$41,900
$42/sq ft
Do not miss this amazing 2 Bedroom 1 Bathroom home starter home! This home features 1004 Heated Sq Ft, large bedrooms, open floorplan, and a bid back yard! Located close to US Highway 19,shopping, and schools. Make it your own today! "Bank of America, N. A. employees, employees household members and HTS business partners of the Bank are prohibited from purchasing this property, whether directly or indirectly. Offers must be submitted to the Listing Agent. Contact your agent for property details. After offer submission, it may take up to 7 calendar days for offer decision. Communication will be sent to buyer's agent with results & next steps for the accepted offer.
Year
Property tax
Land + Additions
Assessment*
2025
$2,959 (+9.3%)
2024
$2,706 (+6.6%)
2023
$2,539 (+19.7%)
2022
$2,121 (+10.2%)
2021
$1,926 (+9.7%)
2020
$1,756 (−1.2%)
$11,625 + $52,711
$64,336
2019
$1,777 (+16.1%)
$11,625 + $53,463
$65,088
2018
$1,531 (+9.8%)
2017
$1,394 (+23.3%)
$10,545 + $36,951
$47,496
2016
$1,131 (+5.8%)
$10,545 + $29,126
$39,671
2014
$1,069 (+203.8%)
$10,545 + $27,926
$38,471
2013
$352 (+23.1%)
2012
$286
Public record
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,500 Sq. Ft.
Year renovated
1965
Finished Sq. Ft.
1,004
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,004
Year built
1959
Style
Single Family Residential
County
Pasco County
APN
08-26-16-0150-00A00-0040
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 108° expected this year, 29 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, 1 days in 30 years
Provided by First Street
Historical weather
New Port Richey, FL • 34652
Average low and high temperatures (°F)
65
49
70
54
76
60
81
66
87
73
89
76
90
77
89
78
87
74
82
68
77
61
71
55
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in New Port Richey. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5523 Magnolia Way
$195,188
$2,812 under list price of $198K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $290K.