New Port Richie Florida property & beaches?

[Joel Owens]

I saw a recent report naming New Port Richie Florida as one of the best values nationwide for finding waterfront or beach property.

Median pricing is 84,000 it says. Says it is mostly a commercial fishing town but starting to attract attention as part of the Tampa area.

If houses are that cheap I wouldn't mind buying beachfront and renting out to cover the costs.

I just do not want to drop a ton of money for the more premium areas where there is little appreciation left to occur. These unknown places that are affordable tend to have great appreciation when they become more discovered.

Any have thoughts on the area?

Not a big boat person for waterfront coves or channel access etc. but love the sandy beaches and waves rolling in.   

[Peter Lee]

I'm pretty sure the author of that article has never been to New Port Richey.  I have only been here for six years, and have not seen much commercial fishing.  There are currently 178 "waterfront" properties actively for sale in New Port Richey.  They range from a 2/1.5 townhouse on a pond for $40,500 to a 4/4.5 home directly on the Gulf for $1,500,000.  The composite average of a New Port Richey waterfront property is a 3/3 with 2,166 sqft, priced at $359,767.  The composite mean is a 3/2 with 1,979 sqft, priced at $324,950.

Certainly not the bargains you read about, but also one of the best values in the Tampa Bay area.  I have also not seen all the drugs and crime mentioned in other posts, but perhaps I travel in different circles from that poster...