5940 & 5934 Meadowlane St, New Pt Richey, FL, 34652
About This Home
Exceptional Income-Producing Duplex in a prime location! Discover a rare opportunity to own a beautifully designed side-by-side duplex offering the perfect blend of comfort, flexibility, and income potential. Whether you’re an investor seeking a high-demand rental property or a homeowner looking to live in one unit while generating rental income from the other, this versatile property delivers outstanding value. Each spacious residence offers 3 beds/2 baths and over 1,250 square feet of thoughtfully designed living space. A functional open-concept layout with high ceilings and recessed lighting seamlessly connect the living and dining areas. Designed with comfort and accessibility in mind, the kitchen features a breakfast bar, newer appliances and a laundry closet with washer/dryer. The guest bedrooms are generously sized and share a hallway bathroom, while the primary suite has a large walk-in closet and en-suite bathroom. This unique layout of two homes under one roof is suitable for a wide range of living needs including multigenerational living or a private mother-in-law suite. Step outside to enjoy the fully fenced backyard, including a separate privacy fence dividing each unit, allowing residents to enjoy their own outdoor space or even store their RV! Enjoy peace of mind with TWO newer AC units (2024/2025) and a brand NEW roof included with acceptable offer. One unit is currently tenant-occupied and fully updated, providing immediate rental income potential. This property offers added flexibility with no HOA restrictions and is situated outside of a flood zone. Located just minutes from US-19, this home has quick access to major commuting routes, shopping, dining, and the vibrant downtown district, making it highly desirable for both homeowners and tenants. Schedule your private showing today!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 2006
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Dryer,Electric Water Heater,Refrigerator,Washer
- Laundry features: In Kitchen,Laundry Closet
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Ceiling Fan(s),Living Room/Dining Room Combo,Open Floorplan,Walk-In Closet(s)
- Window features: Window Treatments
- Flooring: Ceramic Tile,Luxury Vinyl
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,518 sqft
Property
Details
- Parcel number: 0826160250033010030
- Zoning: MF1
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard,RV Hookup
- Fencing: Fenced
Lot
- Lot size: 7,500 sqft
Parking
- Parking features: Driveway,Off Street,RV Access/Parking
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Tornado
- Coastal Flooding
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Pasco County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,657 | $31,884 |
| Home Insurance * | $331 | $3,972 |
| Property Taxes | $359 | $4,308 |
| Electricity | $253 | $3,040 |
| Total | $3,600 | $43,200 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-08 | Price change | $525,600 |
| 2026-03-12 | Listed for sale | $549,000 |
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