Waters Edge Two
Homes for Sale in New Port Richey, FL

This is a mature, fully established community in New Port Richey where homes trend larger — a median around 2,796 living square feet — and the housing stock is uniform in age, so the buying decision is really about individual home condition and layout.

County records show 21 qualified sales in Waters Edge Two across 2024–2025 (13 in 2024, 8 in 2025), median $512,500 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Waters Edge Two 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 12% are under contract — a slower corner of New Port Richey.

Across Pasco County, 4,213 homes are active and 1,214 pending (22% under contract).

In ZIP 34654 (New Port Richey), 604 homes closed in the last 12 months at a median of $240K ($195/sq ft), down 1.0% year over year, with a median 38 days on market. Right now 80 active and 14 pending listings put supply at about 7.0 months — a buyer's market. See the live ZIP 34654 housing market and the Pasco County market.

ZIP and county figures describe the wider market, not Waters Edge Two specifically. Momentum Research analysis of MLS records.

With all 415 homes built inside a 2005–2014 span and a median build year of 2006, Waters Edge Two behaves like a settled neighborhood rather than one still adding phases. Homes at this age are entering the window where roofs, HVAC systems, and water heaters come due, so due diligence on major systems is the single most useful thing a buyer can do here. A home that has already handled those replacements is worth paying up for; one that hasn't should be priced accordingly.

The median living area of roughly 2,796 square feet tells you this is a community of substantial floor plans, not starter footprints. That size supports buyers who need room to spread out, and it shapes carrying costs — larger homes mean more to cool, insure, and maintain. Combine that with the high homestead share, and the picture is a community of committed owners in sizable homes that turn over slowly.

In a community this uniform in age and floor plan, the real analysis is condition and systems — and that is exactly where a local read earns its keep. We help sellers position against a shallow, slow-moving supply, and we help buyers separate a truly updated home from one that only shows well, so you pay for bones and mechanicals as they actually are.

Listings in this community report association dues of about $167 per month ($2,004 a year) — the median AssociationFee across 42 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

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