Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$775,000

For Sale - Active
4845 Shell Stream Blvd, New Port Richey, FL 34652
3 Beds
2 Baths
1,934 Square Feet
0.13 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Aug 23, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$1,609
Cap Rate
3.7%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.5%

Property Description


0.13 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Come enjoy the Tropical Lifestyle in this newly renovated 3-bedroom, 2-bath home featuring 66 feet of waterfrontage with 10,000 lb. lift, huge 24 x 24 fixed dock with composite decking, convenient catwalk on the side of the lift, and brand-new floating dock. Situated on the deep sailboat-friendly South Channel with quick, easy, direct and unobstructed access to the open Gulf waters! Located in the highly sought-after community of Gulf Harbors. This home offers a great 3-way split-floor plan boasting a spacious living room with built in electric fireplace. The kitchen features solid wood cabinets, quartz countertops, stainless steel appliances, built-in desk area and large breakfast bar serving into the family room. The large family room features hurricane-grade sliding doors leading out to the large Travertine paver deck and offers beautiful and expansive water views. Off one end of the family room is the large primary suite which also offers wonderful water views, sitting/office area, huge walk-in closet and private primary bath with step-in shower. Off the other end of the family room is one of the 2 guest bedrooms with water views and its own access to the garage. The other guest bedroom located in the front of the home is gracious in size and has a large walk-in closet. Both guest bedrooms are served by a full guest bathroom. The home offers Travertine tile and Plantation Shutters throughout. The huge Travertine paver deck in the backyard is a perfect place to entertain your envious guests and enjoy the cool gulf breezes and has a built-in gas fire pit! The large paver circular drive allows for plenty of parking. This home has been completely replumbed, new electrical throughout, all drywall has been replaced from top to bottom. New HVAC system, duct work approximately 5 years old. This home is ready for you & your boat(s) to start enjoying the sandy beaches of nearby tropical islands! Excellent fishing, diving, water sports, shelling, island exploring, and more all right outside your door! Gulf Harbors is a golf cart friendly community and has an optional association that offers 2 boat ramps & other amenities. You also have the option to join the Gulf Harbors members-only private sandy beach overlooking the beautiful Gulf and Anclote Key offering cabanas & grills. Downtown New Port Richey, just a short drive away is lively and quaint with many restaurants, bars, shops, and Sims Park where you can enjoy one of the many special events and outdoor concerts throughout the year or stroll along the beautiful riverwalk along the Cottee River. Schedule your viewing today!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Garage
  • Details: Circular Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Off Street, Oversized, Parking Pad, Workshop in Garage, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Tile

HOA

  • Has HOA: Yes
  • HOA Fee: $125/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1826160310001000230
  • Lot Size: 5611 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1971

Tax Information

  • Annual Tax: $3,841

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Beth Belloise
TROPICAL LIFE REALTY, INC.
(727) 858-8691

Source:
Stellar MLS
MLS#: TB8413364
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,609
Cap Rate
3.7%
Cash-on-Cash Return
-10.8%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.5%

Purchase Details

Find an Agent

Purchase price:
$775,000
Amount financed:
-$620,000
Down payment:
$155,000
Closing costs:
$23,250
Rehab costs:
$0
Initial cash invested:
$178,250
Square feet:
1,934
Cost per square foot:
$401
Monthly rent per square foot:
$2.02

Financing Details

Find a Lender

Loan amount:
$620,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,970
Property tax:
$320
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,563

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$320-$3,841
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (0%)
0%-$10-$120
Total operating expenses: (33%)
33%-$1,305-$15,661

Cash Flow


Monthly Yearly
Net operating income:
$2,361 $28,332
Mortgage payments:
-$3,970 -$47,640
Cash flow:
-$1,609 -$19,308