Colony Cove in New Port Richey

Colony Cove Homes for Sale in New Port Richey, FL

55-plus resident-owned co-op community · New Port Richey · ZIP 34653

A 55-plus resident-owned co-op manufactured-home community on the Cotee River in New Port Richey.

55-plus resident-owned co-opMarina with Gulf accessRiverfront living
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
This is a 55-plus resident-owned co-op manufactured-home community; the share/co-op ownership structure, the monthly fee and what it covers, the co-op application and approval, the manufactured-home condition, and the riverfront flood and insurance picture decide value, so confirm the co-op documents and a specific home before you buy.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
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Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Colony Cove is a 55-plus resident-owned manufactured-home community along the Cotee River in New Port Richey, Pasco County, at 5112 Travelers Tree Drive, so the read is a resident-owned co-op read. Public sources describe a self-governed park built in 1976 with 288 home sites, a marina with Gulf access, a clubhouse, and a swimming pool. A park ownership membership share is reportedly available for each home at about a confirmed amount and shareholders reportedly pay about a confirmed amount per month in fees that cover water, sewer, twice-weekly trash, lawn service, basic cable, and marina and storage spaces; confirm the share structure, the monthly fee and exactly what it covers, and the co-op application and approval. The homes vary in age and condition from a 1976-era park, so read the roof, tie-downs, and systems on a specific home. The Cotee River and Gulf access are a draw, but the riverfront setting carries flood and windstorm exposure, and the 2024 storms brought surge to the Pasco Gulf coast, so read elevation and insurance. Co-op share purchases are often cash, so confirm financing options."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Colony Cove is a 55-plus resident-owned manufactured-home community along the Cotee River in New Port Richey, in the 34653 ZIP, in Pasco County, at 5112 Travelers Tree Drive. Public sources describe a self-governed co-op park built in 1976 with 288 home sites.

The setting and amenities are a draw: public sources describe a marina with Gulf access via the Cotee River, a clubhouse, and a swimming pool. As a resident-owned co-op, a park ownership membership share is reportedly available for each home at about a confirmed amount and shareholders reportedly pay about a confirmed amount per month in fees that cover water, sewer, twice-weekly trash pickup, lawn service, basic cable, and marina and storage spaces. Confirm the share structure, the fee, and exactly what it covers.

The defining read is the co-op structure, the home, and the water. The share and co-op ownership, the monthly fee and what it covers, the co-op application and approval, and the manufactured-home condition drive value, while the riverfront setting carries flood and windstorm exposure. Confirm the co-op documents, read the roof, tie-downs, and systems on a 1976-era home, and read elevation and insurance for a specific home.

For buyers who want 55-plus resident-owned riverfront living with a marina and Gulf access, Colony Cove is a distinctive option. The work is confirming the co-op share and fee, the application and approval, the home condition, the flood picture, and financing honestly before you buy.

Best for

  • Buyers who want 55-plus resident-owned co-op living
  • Anyone drawn to a marina with Gulf access on the Cotee River
  • Buyers comfortable with a co-op share ownership structure
  • Buyers who will read the manufactured-home condition and flood picture

Probably not for

  • Buyers who want a single-family home with land ownership
  • Anyone who will not go through co-op application and approval
  • Buyers who will not read the home condition and flood picture
  • Anyone needing financing on a co-op share that is often cash

How Colony Cove is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
56Median days on marketdays
0 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 24, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Colony Cove listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Colony Cove buys, holds, and resells. See the five factors.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

Colony Cove sits in New Port Richey, with everyday shopping, major roads, and the wider Tampa Bay area within a reasonable drive.

Downtown New Port Richey~3-6 min · dining and riverfront
US-19~3-6 min · regional connector
Gulf via the Cotee River (by boat)on site · marina with Gulf access
Tarpon Springs~15-20 min · sponge docks and dining
Clearwater~35-45 min · Gulf beaches
Tampa International Airport (TPA)~50-60 min · cross-county drive

Distances and times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Colony Cove Homes for Sale in New Port Richey, FL with Momentum Realty’s local guides.

HGHoliday GardensEstatesNew Port Richey, FL · 0.2 miEAEastburyGardensNew Port Richey, FL · 0.3 miSHShamrock Heights Homes for Sale in New Port Richey, FLNew Port Richey, FL · 0.5 miNPNew Port Colony Homes for Sale in New Port Richey, FLNew Port Richey, FL · 0.6 miHAHazeldonEstatesNew Port Richey, FL · 0.7 miGCGulf CoastEstates Homes for Sale in New Port Richey, FLNew Port Richey, FL · 0.7 miRTRiverview Terrace Homes for Sale in New Port Richey, FLNew Port Richey, FL · 0.7 miOGOld GroveNew Port RicheyNew Port Richey, FL · 0.7 miTSTropic ShoresNew Port Richey, FL · 0.8 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Colony Cove (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Pasco County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Colony Cove is served by Pasco County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Pasco County Public Schools (verify by address)

Verifyrating
By address

Confirm zoned elementary, middle, and high

Verifyrating
Choice

Magnet and choice options may apply

Verifyrating

Buying with schools in mind? We can confirm the exact zoned schools for any Colony Cove address.

The takeaway

What is actually shaping value at Colony Cove: the 55-plus resident-owned co-op with a marina and Gulf access, the riverfront flood and insurance picture, the co-op share structure and financing, and the condition of the 1976-era manufactured homes.

Recent Developments in Colony Cove

Our read on what is being built around Colony Cove, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe 55-plus resident-owned community with a marina and Gulf access supports demand, while the defining watch items are the riverfront flood and insurance picture, the co-op share structure and financing, and the condition of the 1976-era manufactured homes.

Resident-owned 55-plus community with a marina anchors demand

Ongoing
BullishMajor impact
SignificanceRadius: Community

A 55-plus resident-owned community with a marina and Gulf access on the Cotee River is a distinctive draw.

Riverfront flood and insurance picture is the watch item

2024-2025
BearishMajor impact
SignificanceRadius: Community

The 2024 storms brought surge to the Pasco Gulf coast; read the elevation and flood and insurance picture for a specific riverfront home.

Co-op share structure affects financing

Ongoing
NeutralMajor impact
SignificanceRadius: Community

Co-op share purchases are often cash; confirm financing options before you make an offer.

1976-era manufactured homes vary in condition

Ongoing
NeutralNotable impact
SignificanceRadius: Community

Manufactured homes from a 1976-era park vary in age and condition; read the roof, tie-downs, and systems on a specific home.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Colony Cove, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. September 2024
    Storm

    2024 storms bring surge to the Pasco Gulf coast

    Hurricanes Helene and Milton in 2024 drove storm surge into low-lying Gulf-coast and riverfront areas of Pasco County, with impact varying by elevation. Why it matters: Read elevation and a flood and insurance picture for a specific riverfront manufactured home. Source

Development alerts for Colony CoveGet a short monthly email when something new is approved, funded, or opens near Colony Cove.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Colony Cove, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the co-op share and structure first. Confirm the reported share of about a confirmed amount the resident-owned co-op ownership, and the co-op documents before you judge any home.

2

Confirm the monthly fee and what it covers. Confirm the reported fee of about a confirmed amount per month and that it covers water, sewer, trash, lawn, basic cable, and marina and storage spaces.

3

Confirm the co-op application and approval. Ask about the application and approval process for the resident-owned co-op before you make an offer.

4

Read the home and the flood picture. Read the roof, tie-downs, and systems on a 1976-era home, and pull elevation and a flood and insurance read for the riverfront setting.

5

Confirm financing options, since co-op share purchases are often cash.

Best Buy
A well-kept updated home with a sound co-op share and clear fee
Biggest Risk
An older home with deferred condition or a low-elevation riverfront site
Best Lot
A home with a better-positioned or higher-elevation riverfront site
Smart Timing
Confirm the co-op share and fee, the application and approval, the home condition, the flood picture, and financing
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Colony Cove is a 55-plus resident-owned manufactured-home community along the Cotee River in New Port Richey, in the 34653 ZIP, in Pasco County, at 5112 Travelers Tree Drive. Public sources describe a self-governed co-op park built in 1976 with 288 home sites, a marina with Gulf access, a clubhouse, and a swimming pool. As a resident-owned co-op, a park ownership membership share is reportedly available for each home at about a confirmed amount and shareholders reportedly pay about a confirmed amount per month in fees that cover water, sewer, twice-weekly trash pickup, lawn service, basic cable, and marina and storage spaces. The defining factors in value are the co-op structure, the home, and the water: the share and co-op ownership, the monthly fee and what it covers, the co-op application and approval, the manufactured-home condition, financing, and the riverfront flood and insurance picture drive the real cost of ownership and resale.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Entry Older Home

Original or dated 1976-era manufactured homes in the resident-owned co-op, the entry into Colony Cove, priced for updates and condition work.

Lowest entry
The Updated Home

Updated manufactured homes in sound condition with a clear co-op share and fee, the heart of the resale market here.

Most inventory
The Premium Riverfront Home

Renovated homes with the best riverfront or marina-access positions, the homes that hold value best, subject to the flood read.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

The Entry Older Home
Original or dated 1976-era manufactured homes in the resident-owned co-op, the entry into Colony Cove, priced for updates and condition work.
The Updated Home
Updated manufactured homes in sound condition with a clear co-op share and fee, the heart of the resale market here.
The Premium Riverfront Home
Renovated homes with the best riverfront or marina-access positions, the homes that hold value best, subject to the flood read.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Location within New Port RicheyStrong
Established communityPositive
HOA and CDD postureConfirm per parcel
Home condition and systemsVerify per home
Flood read per lotVerify per address

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Colony Cove

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The river and the marina sell the home. The deal is won or lost on the co-op share, the monthly fee, the home condition, and the flood read.

Jon Brooks · Founder, Momentum Realty
7.0B- · Buy Score
Resale Strength6.8/10
Renovation Risk6.0/10
Location Efficiency7.6/10
Long-Term Defensibility6.6/10
Carrying Cost Advantage5.4/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Colony Cove is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • The lot and the homesite are the scarce, durable asset here
  • A better-positioned lot holds value at resale
  • The homesite cannot be changed, the house can
  • Read the lot and the flood zone before the finishes
  • Condition and renovation level drive the number

In Colony Cove, the part of your money the market protects is the lot, the position, and the condition of the home. Read the lot, the homesite, and the flood zone first, then price the condition and the renovation level against it.

Colony Cove in 15 seconds.

Best forBuyers who want 55-plus resident-owned co-op living with a marina and Gulf access on the Cotee River.
Biggest advantageA resident-owned co-op with a marina, Gulf access, a clubhouse, and a pool.
Biggest riskThe riverfront flood and insurance picture and the 1976-era home condition on a manufactured home.
Sweet spotA well-kept updated home with a sound co-op share and a clear monthly fee.
Avoid ifYou want land ownership or standard financing or no co-op, condition, and flood homework.

HOA, CDD & Fees

15-Second Take
  • 55-plus resident-owned co-op
  • Reported share ~a confirmed amountk + ~a confirmed amount/mo (confirm)
  • Marina with Gulf access
  • Read the riverfront flood picture
  • Read the manufactured-home condition

This is a resident-owned co-op, not a condo or a standard HOA, so there is no condo fee and no CDD. Instead, shareholders reportedly pay about a confirmed amount per month in park fees that reportedly cover water, sewer, twice-weekly trash pickup, lawn service, basic cable, and marina and storage spaces; confirm the current fee and exactly what it covers.

Public sources describe the reported monthly fee covering water, sewer, twice-weekly trash pickup, lawn service, basic cable, and marina and storage spaces, plus access to the community amenities; confirm exactly what is included.

Public sources describe a clubhouse, a swimming pool, and a marina with Gulf access via the Cotee River.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Colony Cove, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping New Port Richey 55+, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Colony Cove home worth?

Get a no-obligation home value based on real comparable sales in Colony Cove matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Colony Cove on the map →
Or get your Colony Cove home value & selling guide →

Real comps, not a Zestimate.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Pasco County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,816/mo
Pasco County typical true cost to own
$138/mo
Pasco County typical home insurance
Check CDD
Confirm before you offer

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Colony Cove Market Scorecard

Thin data

Colony Cove is currently a thin data. Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
n/a
Median sold
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Per sqft
n/a
Days on mkt
0/0/0
Active/Pend/Sold

Go deeper: true cost calculator · affordability calculator.

Live data: Stellar MLS, distributed by MLS GRID, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Colony Cove?
It is a 55-plus resident-owned manufactured-home community along the Cotee River in New Port Richey, in the 34653 ZIP, in Pasco County, at 5112 Travelers Tree Drive, minutes from downtown New Port Richey and US-19.
Is Colony Cove a 55-plus community?
Yes. As its legal status, Colony Cove is an age-restricted 55-plus community. Confirm the current age-restriction rules with the co-op.
Is Colony Cove resident-owned?
Yes. Public sources describe a self-governed, resident-owned co-op where a park ownership membership share is available for each home. Confirm the share and co-op ownership structure.
What does ownership include?
Public sources describe a park ownership membership share reportedly available for each home at about a confirmed amount. Confirm the share, the co-op ownership structure, and the co-op documents before you buy.
What is the monthly fee?
Shareholders reportedly pay about a confirmed amount per month, which reportedly covers water, sewer, twice-weekly trash pickup, lawn service, basic cable, and marina and storage spaces. Confirm the current fee and exactly what it covers.
Is there a marina and Gulf access?
Yes. Public sources describe a marina with Gulf access via the Cotee River, plus a clubhouse and a swimming pool. Confirm marina and storage availability with the co-op.
Can I finance a home here?
Co-op share purchases are often cash. Confirm your financing options before you make an offer, since co-op ownership can be harder to finance.
Is Colony Cove in a flood zone?
As a riverfront community on the Cotee River, it carries flood and windstorm exposure that varies by elevation. Pull the elevation and a flood and insurance read for the specific home before you offer.
How old are the homes?
Public sources describe a park built in 1976, so the manufactured homes are from a 1976-era park and vary in age and condition. Read the roof, tie-downs, and systems on a specific home.
How many home sites are there?
Public sources describe 288 home sites in the community. Confirm the current count and availability with the co-op.
What should I check before buying here?
Confirm the co-op share and ownership structure, the monthly fee and what it covers, and the co-op application and approval; read the roof, tie-downs, and systems on the home; read the riverfront flood and insurance picture; and confirm financing options.
Did the 2024 hurricanes affect this area?
The 2024 storms brought surge to the Pasco Gulf coast, with impact varying by elevation. Confirm the elevation and flood history for the specific home.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. In a resident-owned co-op where the share, the fee, the home condition, and the flood picture swing value, having your own representation is the highest-leverage decision you make.
Who is the best real estate agent for Colony Cove?
The best agent for Colony Cove is one who actively works New Port Richey and knows the community's pricing, HOA and CDD details, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Colony Cove.
How do I find a top New Port Richey real estate agent who knows Colony Cove?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Colony Cove and the wider New Port Richey area.
Can Momentum Realty connect me with an agent for Colony Cove?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Colony Cove purchase or sale - no call center and no pressure.
Buyers who want 55-plus resident-owned co-op livingExcellent fit
Anyone drawn to a marina with Gulf access on the Cotee RiverExcellent fit
Buyers comfortable with a co-op share ownership structureExcellent fit
Buyers who will read the manufactured-home conditionExcellent fit
Buyers who will read the riverfront flood and insurance pictureExcellent fit
Buyers who want a single-family home with land ownershipProbably not
Anyone who will not go through co-op application and approvalProbably not
Buyers who will not read the home condition and flood pictureProbably not
Anyone needing financing on a co-op share that is often cashProbably not
Buyers who want a low-maintenance inland home away from the waterProbably not

Get the inside read on Colony Cove

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Colony Cove home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Colony Cove specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Colony Cove — what to look for, questions to ask, and your local expert.
Stellar MLS logoMLS GRID logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; deemed reliable but not guaranteed by MLS GRID.

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