Great Investment Opportunity! . 22 Acre Port Richey property! Property is equipped with septic, water and electric connection. Don't miss your opportunity! Property has been priced for condition. Conveniently located off of ridge road with easy access to US 19, shopping, restaurants and local beaches. Property is sold AS-IS for seller's convenience. Removal of mobile home and other items will be the buyer's responsibility.
10,000 sq ftLot Size
$137Est. Price/Sq.Ft.
Listed by Christie Frankenstein• KELLER WILLIAMS SOUTH SHORE
Bought with Christie Frankenstein• KELLER WILLIAMS SOUTH SHORE
Source:Stellar MLS as Distributed by MLS Grid #T2925513
Redfin Estimate
$64,476
$19K since sold in March 2022
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 74% lower than the average sale price ($248K) of 5 comparable homes.
Great Investment Opportunity! . 22 Acre Port Richey property! Property is equipped with septic, water and electric connection. Don't miss your opportunity! Property has been priced for condition. Conveniently located off of ridge road with easy access to US 19, shopping, restaurants and local beaches. Property is sold AS-IS for seller's convenience. Removal of mobile home and other items will be the buyer's responsibility.
Stellar MLS as Distributed by MLS Grid #W7300002
Sep 5, 2007
Listed
*
Stellar MLS as Distributed by MLS Grid #W7203858
Nov 25, 2006
Sold
$37,000
$79/sq ft
Jun 15, 2006
Listed
$49,500
$105/sq ft
Stellar MLS as Distributed by MLS Grid #W7130841
Jul 12, 2005
Listed
*
Stellar MLS as Distributed by MLS Grid #W7065795
Jun 17, 2004
Sold
$32,500
$69/sq ft
Apr 8, 2004
Listed
$36,900
$79/sq ft
Stellar MLS as Distributed by MLS Grid #W7026017
Jun 9, 2003
Listed
*
Year
Property tax
Land + Additions
Assessment*
2025
$260 (+1.4%)
$28,800 + $4,906
$33,706
2024
$257 (+2.2%)
$28,800 + $5,037
$33,837
2023
$251 (+170.2%)
$28,800 + $5,168
$33,968
2022
$93 (+8.1%)
2021
$86 (+8.9%)
2020
$79 (−52.7%)
2019
$167 (−55.3%)
2018
$374 (−13.8%)
$11,000 + $2,194
$13,194
2017
$433 (+10.2%)
$11,000 + $5,553
$16,553
2016
$393 (+2.9%)
$11,000 + $5,406
$16,406
2014
$382 (−1.4%)
$11,000 + $5,226
$16,226
2013
$387 (+4.6%)
2012
$370
Tax history for 8342 Formel Ave
Year
Property tax
Land + Additions
Assessment*
2025
$260 (+1.4%)
$28,800 + $4,906
$33,706
2024
$257 (+2.2%)
$28,800 + $5,037
$33,837
2023
$251 (+170.2%)
$28,800 + $5,168
$33,968
2022
$93 (+8.1%)
2021
$86 (+8.9%)
2020
$79 (−52.7%)
2019
$167 (−55.3%)
2018
$374 (−13.8%)
$11,000 + $2,194
$13,194
2017
$433 (+10.2%)
$11,000 + $5,553
$16,553
2016
$393 (+2.9%)
$11,000 + $5,406
$16,406
2014
$382 (−1.4%)
$11,000 + $5,226
$16,226
2013
$387 (+4.6%)
2012
$370
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R1MH
Single-Family/Mobile Home District
The purpose of the R-1MH Single-Family/Mobile Home District is to provide for the continued development of a mixed pattern of conventional residences and mobile homes, situated on individual lots, in established areas.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Educational/school
Housing-Mobile home park
Property details
Exterior
Property Information
Subdivision Name: PORT RICHEY ACRES
Adjusted Gross Sq. Ft: 470
Building Sq. Ft: 470
Legal Description: PORT RICHEY ACRES UNIT 3 PB 6 PG 60 LOT 2 BLOCK B
Lot Information
# of Buildings: 1
Land Sq. Ft: 10,000
Legal Lot Number: 2
Legal Block Number: B
Acres: 0.2296
Zoning Code: R1MH
County Use Description: VACANT RESIDENTIAL
State Use Description: VACANT RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 470
Stories: —
Lot Size: 10,000 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Pasco County
APN: 28-25-16-0060-00B00-0020
Home facts updated by county records on Jul 20, 2026
Around this home
Schools
Calusa Elementary School
Public PreK-5 • Assigned • 1.3mi
2/10
Chasco Middle School
Public 6-8 • Assigned • 1.4mi
3/10
Gulf High School
Public 9-12 • Assigned • 3.2mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 46-56% 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, 26 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
Port Richey, FL • 34668
Average low and high temperatures (°F)
65
49
69
54
75
61
80
66
85
73
88
76
89
78
89
78
87
75
82
69
76
61
70
56
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.2 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$62,000 – $75,000
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