Magnolia Valley vs Park Lake Estates
Two Pasco communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-09-19.
| Metric | Magnolia Valley | Park Lake Estates |
|---|---|---|
| Median sale price | $255K | $280K |
| Price per sq ft | $183 | $204 |
| Avg days on market | 130 days | 51 days |
| Months of supply | 2.5 mo | 2.8 mo |
| Market | Buyer-Leaning Market | Balanced Market |
| 1-year price change | False | False |
| Recent closings | 39 | 30 |
The verdict
Park Lake Estates carries the higher median price — about 10% above Magnolia Valley. Homes in Park Lake Estates sell faster (51 days on market vs 130). Magnolia Valley is the tighter market on inventory (2.5 months of supply).
Where each one is
| Magnolia Valley | Park Lake Estates | |
|---|---|---|
| County | Pasco County, FL | Pasco County, FL |
| City / area | New Port Richey | New Port Richey |
| ZIP | 34653 | 34653 |
| FEMA flood zones (sampled parcels) | 15% of 20 homes outside a flood zone (Zone X) | 60% of 20 homes outside a flood zone (Zone X) |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Magnolia Valley | Park Lake Estates | |
|---|---|---|
| Homes for sale now | 8 | 7 |
| Under contract | 1 | 2 |
| Asking prices today | $85K to $313K | $275K to $445K |
| Property types listed | Condominium, Single Family Residence | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Magnolia Valley homes for sale · Park Lake Estates homes for sale.
The homes themselves
| Magnolia Valley | Park Lake Estates | |
|---|---|---|
| Homes (parcels) | 273 | 142 |
| Built | 1969–1989 (median 1976) | 1978–1994 (median 1984) |
| Typical living area | 1,609 sq ft | 1,792 sq ft |
| Homesteaded (owner-occupied) share | 60% | 73% |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Price history, year by year
| Year | Magnolia Valley median | Park Lake Estates median |
|---|---|---|
| 2012 | $48K (4 sales) | $79K (3 sales) |
| 2014 | $55K (13 sales) | $110K (20 sales) |
| 2015 | $60K (20 sales) | $134K (24 sales) |
| 2016 | $79K (38 sales) | $133K (47 sales) |
| 2017 | $106K (40 sales) | $151K (37 sales) |
| 2018 | $128K (17 sales) | $155K (13 sales) |
| 2019 | $133K (7 sales) | $182K (6 sales) |
| 2021 | $233K (11 sales) | $290K (10 sales) |
| 2022 | $250K (47 sales) | $335K (31 sales) |
| 2023 | $260K (14 sales) | $322K (20 sales) |
| 2024 | $255K (27 sales) | $323K (32 sales) |
| 2025 | $258K (30 sales) | $299K (27 sales) |
| 2026 | $255K (35 sales) | $320K (25 sales) |
Since 2012, Magnolia Valley's median sale price is +426% and Park Lake Estates's is +305% — Magnolia Valley has appreciated faster over that stretch.
How each one trades
| Magnolia Valley | Park Lake Estates | |
|---|---|---|
| Sale-to-original-list | 94.5% | 95.6% |
| New-construction share of sales | 0% | 0% |
| Typical sold home | 1,307 sq ft | 1,516 sq ft |
| Momentum market-heat score | 27 (cold) | 46 (normal) |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Magnolia Valley | Park Lake Estates | |
|---|---|---|
| Elementary | Calusa Elementary-Po | Deer Park Elementary-Po |
| Middle | Chasco Middle-Po | River Ridge Middle-Po |
| High school | Gulf High-Po | River Ridge High-Po |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Magnolia Valley is the lower entry point (median $255K vs $280K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Park Lake Estates; Magnolia Valley trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Park Lake Estates (51 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Park Lake Estates more expensive than Magnolia Valley?
Yes, on recent sales: the median sale price in Park Lake Estates is $280,000 versus $255,000 in Magnolia Valley, about 10% higher.
Which has newer homes, Magnolia Valley or Park Lake Estates?
Park Lake Estates: its homes were built 1978–1994 with a median year of 1984, versus a median of 1976 in Magnolia Valley (Florida DOR assessment roll).
Which has bigger homes?
Park Lake Estates. The typical home there is 1,792 sq ft of living area, versus 1,609 sq ft in Magnolia Valley.
Which has appreciated more, Magnolia Valley or Park Lake Estates?
From 2012 to 2026 the median sale price rose 426% in Magnolia Valley and 305% in Park Lake Estates (recorded MLS closings by calendar year).
Where do sellers get closer to asking price?
Park Lake Estates — sellers there received 95.6% of the original list price over the last 12 months versus 94.5% in Magnolia Valley.
What high schools serve Magnolia Valley and Park Lake Estates?
Listings in Magnolia Valley most often report Gulf High-Po; listings in Park Lake Estates report River Ridge High-Po. Zoning is set by the district and can change - verify by address.
Go deeper on each: Magnolia Valley homes, photos & schools · Park Lake Estates homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.