Momentum Housing Data · Home Values · Pasco County

COLONY LAKES Home Values: What Homes Actually Sell For

COLONY LAKES (NEW PORT RICHEY, FL): 4 recorded closings in the 12 months ending 2026-08-02, an 8-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 94.5% of original asking; the median sale took 55 days (window ending 2026-08-02).

The 8-year recorded price history

Over the recorded series, COLONY LAKES’s median sold price moved from $169,990 (2014) to $346,000 (12 months ending 2026-08-02) — +104% over that span, with every year’s figure from recorded closings, not a model.

The last decade in COLONY LAKES, briefly

The recorded series starts in 2014 at $169,990. Against the 2025 peak of $365,000, the current median stands at -5%. Annual sales volume here has ranged from 0 to 17 closings a year (10-yr average 4.3). With roughly 4.3 closings a year, COLONY LAKES’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

What actually trades here: 100% single-family residence, 0% ?, with a median of 1,968 sq ft and a median price per square foot of $168 in the current window.

Where COLONY LAKES sales actually landed, 2024–2026

Of the 15 recorded COLONY LAKES closings since 2024, half landed between $339,750 and $372,450 (the middle two quartiles); the lowest recorded sale was $289,000 and the highest $450,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

What homes of your size have sold for in COLONY LAKES

The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($186 vs $152) — the usual pattern, since lot, kitchen and baths do not scale with floor area.

What is on the market in COLONY LAKES right now

From the live MLS feed as of 2026-09-03: 5 active listings (plus 1 pending) asking from $330,000 to $359,000, median $350,000; 3 of 5 have been on the market over 60 days (median 77 days so far); the homes listed or recently sold were built between 2006 and 2007 (median 2006); 13 of 13 listed or recently sold homes report an HOA, median $174/mo; 2 of 13 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 34 ft; the features listings here most often name are Pool, Playground, Community Mailbox, Deed Restrictions and Association Recreation - Owned. For a seller this is the competition a buyer will tour alongside your home; for a buyer, the stale share is where negotiating room usually is. See the current COLONY LAKES listings →

At COLONY LAKES’s $346,000 median and Pasco County’s adopted 16.15 mills (FY2025-26), a home assessed at that price carries roughly $5,590 a year in property tax before exemptions, or about $4,940 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Pasco County tax page.

Selling in COLONY LAKES right now: what the record says

Current asking prices run a median $359,000 against the $346,000 recorded sold median (+4%) — the gap between what sellers hope and what the record shows. The market is carrying about 15 months of supply at the current sales pace. Demand check: 14% of COLONY LAKES’s listings are under contract, against 20% for ZIP 34654 and 24% for Pasco County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Since 2006, 154 COLONY LAKES listings were withdrawn, canceled, or expired without selling (4 so far in 2026) — overpricing is the recurring cause statewide. Over the recorded years, an average of 69% of COLONY LAKES listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 67%. Momentum’s market-heat index for COLONY LAKES reads 30/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

Cash bought 0% of recorded COLONY LAKES sales in the window ending 2026-06 (0 of 5) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking and recorded sold prices are within a few percent of each other here, so the table above is close to what a COLONY LAKES buyer will actually pay; the spread on any single home comes down to size, condition and timing.

How COLONY LAKES compares with its neighbors

Communities buyers shopping COLONY LAKES are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

Assigned public schools

Assignments and grades as recorded/published; both change — verify current zoning with the district before relying on it. Grades are the state’s official FLDOE ratings, reported as published.

More COLONY LAKES: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on Stellar MLS data distributed by MLS GRID for the period 2012 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures