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8438 FORMEL AVENUE, Port Richey, FL, 34668

4beds
2baths
1,560sqft
$195,000
$125price/sqft
$1,957/moest. monthly cost
$78,280/yrincome needed

About This Home

Under contract-accepting backup offers. Welcome to your beautifully renovated Florida retreat, where every detail has been thoughtfully updated and all the major improvements have already been completed. Situated on nearly a quarter acre in desirable Flood Zone X, this stunning 4 bedroom, 2 bathroom home offers the perfect combination of modern style, peace of mind, and everyday convenience. From the moment you arrive, you'll appreciate the extensive list of upgrades, including a newer roof with all new plywood, new air conditioning system, new luxury laminate flooring with new subfloors, new 5/8 inch drywall throughout, new interior doors, and energy-efficient Low E windows with argon filled sliding glass doors. The completely redesigned kitchen features new cabinetry, beautiful stone countertops, and a full suite of new appliances, including the washer and dryer. Both bathrooms have been fully renovated with new vanities, tubs, showers, and stylish finishes that create a fresh, modern feel. Outside, enjoy an impressive new 80 foot concrete driveway, a fully fenced backyard with plenty of room to entertain, garden, add a pool, or simply relax in your own private outdoor oasis. Conveniently located near shopping, restaurants, parks, medical facilities, and entertainment, with Gulf beaches just minutes away. Best of all, you'll enjoy the freedom of no HOA, no CDD fees, and the added benefit of being located in Flood Zone X. This is a truly move in ready home where everything has already been done for you—simply unpack and start enjoying the Florida lifestyle. (ROOF-2021)(A/C-2020)

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

2/10
Calusa Elementary SchoolGrades PK-51.3 mi
3/10
Chasco Middle SchoolGrades 6-81.4 mi
3/10
Gulf High SchoolGrades 9-123.3 mi

Construction

Condition

  • Year built: 1987

Materials

  • Foundation: Crawlspace
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater,Range,Refrigerator
  • Laundry features: Inside

Bedroom2

  • Features: Built-in Closet
  • Level: First

Bedroom3

  • Features: Built-in Closet
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First

Features

  • Ceiling Fan(s)
  • Door features: Sliding Doors
  • Flooring: Luxury Vinyl

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,560
  • Total interior livable area: 1,560 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Primary Bedroom

  • Features: Built-in Closet
  • Level: First

Property

Details

  • Parcel number: 162528006000B000080
  • Zoning: R1MH
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Other

Lot

  • Lot size: 10,000 sqft

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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Tornado
Lightning
Tsunami

FEMA Declared Disasters in Pasco County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $986$11,832
Home Insurance *$389$4,668
Property Taxes $385$4,620
Electricity $197$2,366
Total$1,957$23,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,097/yr
40% on housing$58,710/yr
45% on housing$52,186/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 15.8%
15.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.5%
5.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$125This listing

vs Other Active Listings

Avg $/sqft

ZIP 34668$125
Pasco County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 34668$186
Pasco County$204

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

DateEventPrice
2026-08-11Listed for sale$195,000
2026-08-10Contingent$195,000
2026-07-20Price change$195,000
2026-07-08Listed for sale$199,000
2026-07-08Contingent$199,000
2026-07-07Pending sale$199,000
2026-07-03Listed for sale$199,000
2025-12-05Listing removed$219,000
2025-11-21Price change$219,000
2025-08-06Listed for sale$269,000
2020-02-19Sold$19,500
2019-12-13Pending sale$23,900
2019-12-10Listed for sale$23,900

For Sale by Agent

AgentDJ Arrazcaeta Jr, LLC
BrokerageRE/MAX ALLIANCE GROUP

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