Momentum Housing Data · Home Values · Pasco County
PARK LAKE ESTATES (NEW PORT RICHEY, FL): 25 recorded closings in the 12 months ending 2026-08-02, a 13-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 94.8% of original asking; the median sale took 30 days (window ending 2026-08-02).
| Year | Median sold | Median $/sqft | Median DOM | Sold ÷ original ask | Sales |
|---|---|---|---|---|---|
| 2026 | $319,900 | $200 | 30 | 94.8% | 25 |
| 2025 | $299,900 | $214 | 29 | 98.3% | 29 |
| 2024 | $323,500 | $220 | 24 | 96.5% | 28 |
| 2023 | $325,000 | $222 | 28 | 94.2% | 19 |
| 2022 | $318,500 | $214 | 5 | 101.4% | 37 |
| 2021 | $248,450 | $185 | 8 | 99.3% | 4 |
| 2019 | $175,000 | $125 | 30 | 97.5% | 5 |
| 2018 | $155,000 | $105 | 53 | 93.3% | 15 |
| 2017 | $150,950 | $97 | 32 | 97.3% | 40 |
| 2016 | $129,000 | $89 | 56 | 94.7% | 43 |
| 2015 | $131,000 | $84 | 49 | 96.7% | 27 |
| 2014 | $109,000 | $76 | 44 | 98.4% | 19 |
| 2013 | $85,000 | $57 | 48 | 95.5% | 10 |
Over the recorded series, PARK LAKE ESTATES’s median sold price moved from $85,000 (2013) to $319,900 (12 months ending 2026-08-02) — +276% over that span, with every year’s figure from recorded closings, not a model.
The recorded series starts in 2013 at $85,000. The 2020–22 run-up did what it did everywhere — PARK LAKE ESTATES’s median moved +82% from 2019 to 2022. Against the 2023 peak of $325,000, the current median stands at -2%. Annual sales volume here has ranged from 0 to 43 closings a year (10-yr average 20.2).
What actually trades here: 100% single-family residence, 0% ?, with a median of 1,534 sq ft and a median price per square foot of $200 in the current window.
Of the 75 recorded PARK LAKE ESTATES closings since 2024, half landed between $278,450 and $352,500 (the middle two quartiles); the lowest recorded sale was $80,000 and the highest $445,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.
| Sold price band | Share of closings | Sales |
|---|---|---|
| Under $250,000 | 8 (11%) | |
| $250,000 – $300,000 | 19 (25%) | |
| $300,000 – $350,000 | 27 (36%) | |
| $350,000 – $400,000 | 15 (20%) | |
| None and up | 6 (8%) |
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 ($240 vs $202) — the usual pattern, since lot, kitchen and baths do not scale with floor area.
| Size group | Median $/sqft | Median sold | Sold range | Sales |
|---|---|---|---|---|
| Smaller homes 921–1,336 sq ft | $240 | $278,900 | $80,000 – $365,000 | 25 |
| Mid-size homes 1,338–1,549 sq ft | $210 | $305,000 | $237,000 – $395,000 | 25 |
| Larger homes 1,563–2,415 sq ft | $202 | $365,000 | $265,000 – $445,000 | 25 |
From the live MLS feed as of 2026-09-03: 6 active listings (plus 3 pending) asking from $275,000 to $444,900, median $312,400; 3 of 6 have been on the market over 60 days (median 50 days so far); the homes listed or recently sold were built between 1978 and 2019 (median 1980); 8 of 21 listed or recently sold homes report an HOA, median $3/mo; 4 state no HOA; 9 of 21 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 23 ft. 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 PARK LAKE ESTATES listings →
At PARK LAKE ESTATES’s $319,900 median and Pasco County’s adopted 16.15 mills (FY2025-26), a home assessed at that price carries roughly $5,170 a year in property tax before exemptions, or about $4,520 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.
Current asking prices run a median $294,900 against the $319,900 recorded sold median (-8%) — the gap between what sellers hope and what the record shows. The market is carrying about 3.3 months of supply at the current sales pace. Demand check: 33% of PARK LAKE ESTATES’s listings are under contract, against 30% for ZIP 34653 and 24% for Pasco County as a whole — the community is absorbing faster than its surroundings. Since 2004, 287 PARK LAKE ESTATES 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 55% of PARK LAKE ESTATES listings ended without selling (withdrawn/canceled/expired); in 2026 that rate was 25%. Momentum’s market-heat index for PARK LAKE ESTATES reads 47/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).
Cash bought 11% of recorded PARK LAKE ESTATES sales in the window ending 2026-06 (3 of 28) — a fact worth knowing before assuming every buyer needs an appraisal to close. Asking prices here currently sit -8% under the recorded sold median — sellers are pricing to move, and the closed record above is the number a buyer's appraiser will see.
We don’t publish algorithm guesses for specific homes — they can’t see condition, upgrades, or your lot. A local agent will prepare a records-based valuation from the same closed-sale data on this page, adjusted for your home. Free, no obligation.
By submitting, you agree Momentum Realty may contact you by phone, text, or email about your inquiry. Consent is not a condition of any purchase. Message/data rates may apply. Reply STOP to opt out. See our disclosures.
Communities buyers shopping PARK LAKE ESTATES 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.
| Community | Median sold | Median $/sqft | Median DOM | Sales |
|---|---|---|---|---|
| WOOD TRAIL VILLAGE | $355,000 | $222 | 22 | 15 |
| MILLPOND ESTATES | $255,950 | $189 | 70 | 18 |
| GREENBROOK ESTATES | $402,500 | $237 | 32 | 12 |
| SEVEN SPGS HOMES | $225,330 | $196 | 39 | 44 |
More PARK LAKE ESTATES: 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 2004 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
Content on this page is compiled from public records, MLS data, and automated data sources, and may contain errors or be out of date. It is provided for general information only and is not a representation about any specific property, community, builder, or association. Verify all information independently before relying on it.