GRACEWOOD AT RIVER RIDGE in NEW PORT RICHEY

GRACEWOOD AT RIVER RIDGE
Homes for Sale in NEW PORT RICHEY, FL

Community in NEW PORT RICHEY · Pasco County · ZIP 34654
69 homesBuilt 1987–2009
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Built fromLive Stellar MLS data14 years of closingsFL DOR public recordsUpdated twice daily
Live · GRACEWOOD AT RIVER RIDGE Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
100%
Under contract
Pasco: 24% (1,350 of 5,734)
0 · 1
For sale · pending
live counts, refreshed twice daily
2
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
80%
Owner-occupied · GRACEWOOD AT RIVER RIDGE
55 of 69 parcels homesteaded (FL DOR 2025)
20%
Non-owner-occupied · GRACEWOOD AT RIVER RIDGE
incl. 3% trust or LLC-held · 1% out-of-state
0%
Cash buyers · GRACEWOOD AT RIVER RIDGE
0 of 3 sales, 12 mo ending June 2022
69
Homes in the community
69 residential parcels (FL DOR 2025)
Track record · 14 years of records
Est. 1987
Community established
homes built 1987-2009, median 1993 (FL DOR 2025)
0
Failed listings · 2025
peaked at 2 in 2014
2.9%/yr
Turnover rate
about 2 of 69 homes trade a year

The market around GRACEWOOD AT RIVER RIDGE

GRACEWOOD AT RIVER RIDGE is a small community — 15 recorded sales on file, most recently in 2025 — too few for its own price trend. Here is the market around it.

In ZIP 34654, 198 homes are on the market and 20% are under contract — a steady corner of NEW PORT RICHEY.

Across Pasco County, 4,384 homes are active and 1,350 pending (24% under contract).

Homes here are single family residence.

ZIP and county figures describe the wider market, not GRACEWOOD AT RIVER RIDGE specifically. Momentum Research analysis of MLS records.

Housing distress & ownership in GRACEWOOD AT RIVER RIDGE, NEW PORT RICHEY

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
0.0%
0 of 3 listings
Distress share trend - 0.0% now (2026-08-10 → 2026-08-18)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period August 2026 through August 2026. Deemed reliable but not guaranteed.

Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.

Community amenities as reported across Stellar MLS listings in this community; deemed reliable but not guaranteed. Verify current amenities and access with the HOA.

Recent Developments in Gracewood At River Ridge

Development, infrastructure, retail, and school activity affecting Gracewood At River Ridge, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.

Dev Momentum60/100 · Active
  1. July 2026
    Development

    Pomelo Square mixed-use community advances in Wesley Chapel

    Ryan Cos. and PulteGroup are advancing Pomelo Square, a mixed use development at the northeast corner of Old Pasco Road and Overpass Road in Wesley Chapel. Plans call for 415 residential units made up of 325 apartments and 90 townhomes, about 42,000 square feet of retail, and a hotel pad. Completion is targeted for the first quarter of 2028.

    What it may mean for the marketAdds a mixed use community of apartments and townhomes with retail space and a hotel pad, expanding housing and commercial supply in a growing Pasco County corridor. The project is about 20 miles east of Gracewood At River Ridge, elsewhere in Pasco County.

    Source: Florida YIMBY
  2. April 2026
    Development

    New mixed-use development planned on State Road 52 in central Pasco

    A mixed-use development planned on State Road 52 in central Pasco County, next to Pilot Country Airport, would add 108 single-family homes, about 175,000 square feet of commercial and retail space, and a 120-room hotel, with completion expected around 2030.

    What it may mean for the marketA new mixed-use community adds housing, retail, and lodging along the State Road 52 corridor in central Pasco, the kind of growth that can shape demand and pricing for nearby communities. The project is about 12 miles east of Gracewood At River Ridge, elsewhere in Pasco County.

    Source: Tampa Bay Times
  3. January 2026
    Development

    Moffitt Cancer Center opens flagship outpatient center at its new Speros FL campus in Pasco

    Moffitt Cancer Center held the grand opening of its flagship outpatient cancer center in January 2026 at Speros FL, its large new campus on State Road 52 in Pasco County. The campus is planned as a long-term life sciences and medical hub expected to bring substantial employment to the area.

    What it may mean for the marketA large new medical and life sciences campus is a long-term employment anchor for central Pasco, a structural demand driver for housing in the surrounding area. The site is about 8 miles east of Gracewood At River Ridge.

    Source: WUSF
  4. January 2026
    Development

    Flagship breaks ground on 46,000-square-foot Wiregrass Ranch Medical Pavilion in Wesley Chapel

    Flagship Healthcare Properties broke ground in January 2026 on a 46,000-square-foot medical pavilion at Wiregrass Ranch in Wesley Chapel, adding outpatient medical space to the growing State Road 56 corridor.

    What it may mean for the marketAdded outpatient medical space along the State Road 56 corridor deepens healthcare access and professional employment in Wesley Chapel, an amenity factor that can support nearby housing demand. The project is about 19 miles east of Gracewood At River Ridge, elsewhere in Pasco County.

    Source: HCO News

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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 GRACEWOOD AT RIVER RIDGE today, this is the order of operations we would run for our clients.

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in GRACEWOOD AT RIVER RIDGE.

A closer look at the GRACEWOOD AT RIVER RIDGE market

The housing stock is 69 homes built between 1987 and 2009, and 80% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.

The location and the amenities are priced into every listing in GRACEWOOD AT RIVER RIDGE. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

HOA, CDD & Fees

In short
  • Mandatory HOA. Confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed GRACEWOOD AT RIVER RIDGE sales matched to your home.

What is your GRACEWOOD AT RIVER RIDGE home worth?

Get a no-obligation home value based on real comparable sales in GRACEWOOD AT RIVER RIDGE, 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 GRACEWOOD AT RIVER RIDGE on the map →

Real comps, not an automated estimate.

Gracewood at River Ridge Market Scorecard

Balanced

Gracewood at River Ridge is currently a balanced market. About 4.0 months of supply, a median asking price of $400,000, and homes go under contract in about 245 days.

4.0
Months supply
$400,000
Median list
$560,000
Median sold
$71
Per sqft
245
Days on mkt
1/2/3
Active/Pend/Sold

Typical home value in the 34654 ZIP is $315,841, right around the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

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

Frequently Asked Questions

How many homes are in GRACEWOOD AT RIVER RIDGE?
The Florida DOR 2025 assessment roll shows 69 homes in GRACEWOOD AT RIVER RIDGE (public records).
What share of GRACEWOOD AT RIVER RIDGE is owner-occupied?
80% of GRACEWOOD AT RIVER RIDGE parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in GRACEWOOD AT RIVER RIDGE built?
Homes in GRACEWOOD AT RIVER RIDGE were built between 1987 and 2009, with a median year built of 1993 (FL DOR 2025 roll).
Do cash buyers compete in GRACEWOOD AT RIVER RIDGE?
Cash buyers took 0% of GRACEWOOD AT RIVER RIDGE sales in the 12 months ending June 2022 (0 of 3 closings, Stellar MLS).
Who is the best real estate agent for GRACEWOOD AT RIVER RIDGE?
The best agent for GRACEWOOD AT RIVER RIDGE is one who actively works NEW PORT RICHEY and knows the community's pricing, fees, 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 GRACEWOOD AT RIVER RIDGE.
How do I find a top NEW PORT RICHEY real estate agent who knows GRACEWOOD AT RIVER RIDGE?
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 GRACEWOOD AT RIVER RIDGE and the wider NEW PORT RICHEY area.
Can Momentum Realty connect me with an agent for GRACEWOOD AT RIVER RIDGE?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your GRACEWOOD AT RIVER RIDGE purchase or sale - no call center and no pressure.

Nearby Communities

Explore more neighborhoods near GRACEWOOD AT RIVER RIDGE with Momentum Realty’s local guides.

The Glen At River Ridge New Port Richey0.4 mi awayHunt Ridge New Port Richey0.7 mi awayValley Wood New Port Richey0.8 mi awayRuxton Village New Port Richey0.8 mi awayTimber Greens0.9 mi awayThe Oaks At River Ridge1.1 mi awayWindsor Place At River Ridge1.3 mi awayNew Port Corners New Port Richey1.4 mi away

Browse all Florida neighborhood guides →

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: August 2, 2026)
Housing stock & ownershipFlorida DOR 2025 assessment roll (community parcel extract)
Under-contract sharesStellar MLS records, as of 2026-08-01
Historical depthClosed-sale records back to 2012 (20 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.

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Gracewood at River Ridge appears in these guides

Thinking of selling in GRACEWOOD AT RIVER RIDGE? 2 recorded closings (window ending 2026-08-02). See the Pasco County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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