5071 Southtowne Loop, New Port Richey, FL, 34652 Land for Sale

The the investment that never crashes – New Port Richey proves it!
Just minutes from downtown, beaches, and local attractions.
Invest now and benefit from a decade of rising property values

Address: 5071 Southtowne Loop, New Port Richey, FL, 34652GPS Coordinates: 28.24894, -82.73042

This 0.12-acre property is a rare opportunity to invest in land in a thriving community. Perfect for land banking or long-term appreciation, this lot is ready to be part of the growing demand in New Port Richey.

Why This Lot?

• Investment-Only Opportunity:Sewer connection is required for future development, as septic systems are no longer present and are not permitted. The property is ideal for holding as a long-term investment while property values rise.

• Historical Market Growth:Over the past decade, property values in New Port Richey have appreciated 245.27%, averaging 13.19% annually. This is your chance to invest in a high-growth area before prices climb further.

• Utilities:Previously serviced by City of New Port Richey water and Duke Energy electric. Sewer connection will need to be extended to make the lot build-ready.

• Prime Location:

  • Minutes from Main Street, offering access to downtown restaurants, shopping, and festivals.
  • Close to Sims Park, Robert K. Rees Beach Park, and a public boat launch to the Gulf of Mexico.
  • Located on a quiet, U-shaped street with peaceful surroundings.

Pricing Options:

1. $25,000 Cash – Own this lot outright at an incredible price.
2. Owner Financing (0% Interest):
   • $500 Down: $40,000 total, $329.17/month for 10 years.
   • $2,000 Down: $35,000 total, $275.00/month for 10 years (Save $5,000).

Carrying Costs:

• Property Maintenance: $32/month to keep the lot cleared and tidy.
• Prorated Taxes: $23.33/month (total annual taxes: $280).
• Total Monthly Carrying Costs: $55.33 (added to financing payments).

Development Potential:

While not currently build-ready, this lot offers great future potential as New Port Richey continues to grow. Verify building codes and zoning with Pasco County and the City of New Port Richey for specific plans.

? GPS Coordinates: 28.24894, -82.73042

Invest in New Port Richey Now – Property Values Are on the Rise!

Note: While historical data provides insight into market trends, future property values can be influenced by various factors. Prospective buyers should conduct their own research and consider current market conditions when making investment decisions.