Waters Edge Three
Homes for Sale in New Port Richey, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 2 closed sales in Waters Edge Three in New Port Richey, FL since 2021, the most recent in May 2025. Across New Port Richey as a whole, 1,245 homes closed in the last 12 months at a median of $267,000, 45 median days on market, with 426 homes for sale today. At that median and Pasco County's FY2025-26 rate of 16.15 mills, annual property tax runs about $4,310 ($3,660 with the full homestead exemption).
Waters Edge Three is a tight, single-phase community of 149 homes built between 2005 and 2013, with a median build year of 2009. That narrow construction window means the housing stock reads as consistent in age and general construction era rather than a mix of decades, which simplifies comparisons for buyers but also means most homes are approaching or past the two-decade mark on original systems.
The median living area of 2,343 square feet points to a community built around larger-format single-family homes rather than starter product. With just over 81% of homes carrying homestead exemptions, this reads as a community of long-term owner-occupants rather than a transient or heavily investor-held pool, which tends to support steadier turnover and more consistent home upkeep over time.
The 60-Second Overview
Waters Edge Three is a compact New Port Richey community of 149 homes built in a single construction era from 2005 to 2013, with a housing stock skewed toward larger living areas and a high share of owner-occupied homes.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Waters Edge Three is best for.
Best for
- Buyers who want a larger living-area home built within a consistent, well-defined construction era
- Buyers prioritizing a community with a high share of owner-occupied homes over one with shared recreational amenities
- Buyers comfortable evaluating home condition and system age individually rather than relying on amenity-driven appeal
Probably not for
- Buyers who want a community with an on-site pool, clubhouse, or other shared recreational amenities
- Buyers seeking new construction, since the newest homes here date to 2013
- Buyers wanting a wide range of home sizes or styles rather than a fairly consistent build era and footprint
The market around Waters Edge Three
Waters Edge Three is too small for its own price trend, so here is the market around it.
In ZIP 34654, 189 homes are on the market and 17% are under contract — a slower corner of New Port Richey.
Across Pasco County, 4,382 homes are active and 1,285 pending (23% under contract).
ZIP and county figures describe the wider market, not Waters Edge Three specifically. Momentum Research analysis of MLS records.
The Waters Edge Three buying strategy.
If we were buying in Waters Edge Three 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 Waters Edge Three.
A single-era community with owner-occupant depth
With only 149 homes and a construction window spanning less than a decade, Waters Edge Three does not have the layered redevelopment history you find in older Pasco County subdivisions. What you see built is largely what you get: a consistent generation of homes centered on a 2009 median year built, which means age-related considerations like roofs, HVAC systems, and water heaters tend to cluster in a similar range across the community rather than varying widely home to home.
The median living area of 2,343 square feet signals this community was designed around larger-footprint single-family homes rather than compact or entry-level product. No community amenities are currently identified from MLS listings, so any appeal here is coming from the homes and lots themselves rather than shared recreational infrastructure. The homestead share of roughly 82% is notably high for a community this size, suggesting most owners are treating these as primary residences rather than rentals or investment holds.
The location and the amenities are priced into every listing in Waters Edge Three. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
A community this size with no listed amenities and a narrow build era rewards a buyer's agent who reads individual listings closely rather than leaning on community-wide marketing. We look at each home's age-related systems relative to the 2009 median, verify what the homestead concentration means for how a specific property has been maintained, and help you weigh square footage and lot specifics against comparable homes inside this same construction window.
Waters Edge Three in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 Waters Edge Three 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 Waters Edge Three sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Waters Edge Three, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Waters Edge Three home worth?
Get a no-obligation home value based on real comparable sales in Waters Edge Three, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Should you buy in Waters Edge Three?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2021 (2 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.
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