MILL RUN PH 03
Homes for Sale in NEW PORT RICHEY, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Mill Run Ph 03 is a small, established pocket of just 46 homes built in a tight window from 1989 to 1996, with a median build year of 1992. Price here is driven less by any single spec sheet and more by condition: homes are all roughly the same vintage, so the spread between a dated original and an updated one is where value actually gets set.
With a homestead share near 85%, this reads as an owner-occupied enclave rather than an investor block, which tends to keep turnover measured and inventory thin. For a seller, condition and updates are the lever you control. For a buyer, expect to compete on well-kept homes and to price in renovation on the ones that have not been touched since their build era.
MILL RUN PH 03 right now
🟡 Off the recent peak. The trailing-12-month median ($350K) is down 5.7% from the prior 12 months ($371K). With about 5 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Low (6 and 4 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
MILL RUN PH 03 market snapshot (as of August 2, 2026): the median sale price is about $350K ($206 per sq ft over the trailing 12 months of closed sales), and a median 13 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months, computed from record-level Stellar MLS closed sales (6 closings in the current window).
MILL RUN PH 03 is a community of 200 homes in NEW PORT RICHEY, Pasco County, built between 1986 and 1998 (median 1991.0), with a median living area of about 1,889 square feet. 79% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
A compact, largely owner-occupied subdivision of 46 homes clustered in the early-to-mid 1990s, with living space centered around 1,890 square feet. The uniform vintage means the story is condition, not floor-plan variety.
Who MILL RUN PH 03 is best for.
Best for
- Buyers targeting a mid-sized single-family home around 1,890 square feet in an established setting
- Owner-occupants who plan to hold and value a low-turnover, homestead-heavy neighborhood
- Renovation-minded buyers willing to take on a dated 1990s home and update it themselves
Probably not for
- Buyers who want new construction or the newest systems and finishes
- Investors seeking a rental-heavy block with frequent turnover
- Buyers needing a wide selection of home sizes or floor plans within one community
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending August 2 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($350K) IS the median in the snapshot above, and the move from 2025 ($371K) IS the -5.7% one-year change.
Windows contain 0 to 15 sales each (6 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2004 through 2026. Deemed reliable but not guaranteed.
30% of homes for sale in ZIP 34653 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-08-01).
The MILL RUN PH 03 buying strategy.
If we were buying in MILL RUN PH 03 today, this is the order of operations we would run for our clients.
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.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
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 MILL RUN PH 03.
A uniform-vintage enclave where condition sets price
Because every home dates to the 1989–1996 stretch, you are shopping within a narrow band of ages and, at a median near 1,892 square feet, comparable sizes. That consistency makes comps cleaner than in a mixed-era neighborhood, but it also means the real differentiator is how much has been updated since the original build.
The high homestead share points to homes that have been lived in and held rather than flipped. That can mean strong maintenance on some properties and deferred work on others, so a careful walk-through and an eye on roof, systems, and kitchen/bath updates matter more here than square footage alone.
The location and the amenities are priced into every listing in MILL RUN PH 03. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in MILL RUN PH 03 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.5). Basis: Recent Direction -5.7% year-over-year; Owner Commitment 79% owner-occupied; Pricing Power 100.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a 46-home community where turnover is thin and pricing hinges on condition, the value is in reading the comps correctly and separating an updated home from a cosmetically tired one. We work Pasco and the New Port Richey market on the Stellar feed daily and can tell you what a specific update actually returns at resale here — and what it does not.
MILL RUN PH 03 in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a MILL RUN PH 03 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed MILL RUN PH 03 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in MILL RUN PH 03, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your MILL RUN PH 03 home worth?
Get a no-obligation home value based on real comparable sales in MILL RUN PH 03, 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 MILL RUN PH 03 on the map →
Frequently Asked Questions
What is the median home price in MILL RUN PH 03?
How long do homes in MILL RUN PH 03 take to sell?
How many homes are in MILL RUN PH 03?
What share of MILL RUN PH 03 is owner-occupied?
When were the homes in MILL RUN PH 03 built?
Do cash buyers compete in MILL RUN PH 03?
Who is the best real estate agent for MILL RUN PH 03?
How do I find a top NEW PORT RICHEY real estate agent who knows MILL RUN PH 03?
Can Momentum Realty connect me with an agent for MILL RUN PH 03?
Should you buy in MILL RUN PH 03?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (9 streets, ZIP 34653)) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2004 (75 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?
You just read the data. Now see what your home is worth.
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.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how MILL RUN PH 03 fits the bigger picture — live prices, inventory, and Momentum Scores:
More New Port Richey & Tampa North / Pasco County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa North / Pasco County or the full Neighborhood Finder.