Waters Edge market snapshot (as of June 24, 2026): the median sale price is about $485K ($186 per sq ft), with homes averaging 3 days on market and 1.2 months of supply, a balanced market (limited data). Based on 10 recent closings in live Stellar MLS data.
Waters Edge is a 701-acre gated master-planned community in New Port Richey, Pasco County, in the 34654 area, built on what was the old Moon Lake Gardens and Dude Ranch, with its first homes sold in 2005. Public sources describe two guard-patrolled gated entrances and a mix of single-family homes and townhomes.
Public sources describe an Old-Florida-themed 9,000-square-foot clubhouse with a fitness center, media room, game room, and banquet room, plus a large swimming pool and spa, tennis, pickleball, racquetball, and basketball courts, a community park, a playground, a dog park, and walking and jogging trails. Townhome subdivisions such as Ventana have their own pool and clubhouse access. Prices range roughly from $230,000 to $850,000 across the product types.
The community is governed by a Master HOA, with separate sub-association HOAs by product (for example the patio homes and townhomes), plus a Community Development District. Public sources describe HOA figures ranging widely by product, roughly $25 to $494 for homes and $148 to $372 for townhomes, covering common areas, grounds, the pool, security, and roads, on top of the CDD. The two-layer fee stack and the product type are central to the read, so confirm the HOA and CDD lines for the exact parcel.
For buyers who want a gated, amenity-rich master plan with a choice of single-family or townhome product in New Port Richey, Waters Edge is a credible option. The work is reading the product, the HOA and CDD lines, the home's vintage and condition, and the resale math honestly before you buy.
