8531 Bass Lake DRIVE, New Port Richey, FL, 34654 | $525,000

Welcome to 8531 Bass Lake Drive, an exquisitely remodeled lakefront sanctuary nestled in the sought-after Bass Lake Estates of New Port Richey. This 4-bedroom, 4-bathroom home, with 2 bonus rooms that could serve as a home office, gym, formal dining room, or anything else you envision, offers endless possibilities for both personal enjoyment and income potential. With 2, 379 square feet of meticulously updated living space, set on a 0. 39-acre lot with 35 feet of pristine lakefront on Lake Worrell.
Built on an incline above the lake, the home is protected from flooding and offers both breathtaking water views and direct lake access, making it the ideal getaway for vacationers or a peaceful home for year-round living. Whether you're looking for a personal sanctuary or seeking to capitalize on the thriving short-term rental market, this home has everything you need.
Every element of this property has been thoughtfully redesigned, with all systems either brand new or recently upgraded, providing peace of mind for the new owner or potential short-term guests. The open-concept interior showcases a contemporary aesthetic, featuring ceramic tile flooring, sleek quartz countertops, and high-end stainless-steel appliances in the chef-inspired kitchen. The expansive primary suite includes a spacious walk-in closet and a luxurious en-suite bathroom, while the large living and dining areas provide a seamless flow for both daily living and entertaining.
Step outside to your own outdoor haven—complete with a private dock for lake access and a generous concrete slab perfect for fire pit gatherings, alfresco dining, or simply relaxing by the water. Whether you're hosting guests or unwinding alone, this home offers the perfect balance of indoor and outdoor living. Additionally, the layout of the home allows for privacy and comfort, creating an ideal environment for short-term renters seeking a premium lakefront experience.
Located just 5 miles from Gulf beaches, 6 miles from Downtown New Port Richey, and close to shopping, schools, and amenities, this home offers both a tranquil escape and convenient access to everything you need. Best of all, there are no HOA rules or fees, giving you the flexibility to operate a short-term rental without restrictions.
This turnkey property is ready to welcome its next owner - or its first guests. Don’t miss out on the opportunity to own this remarkable lakefront home, whether as your private oasis or as a profitable rental property in one of the most desirable areas in New Port Richey!

Features

  • Rooms: 8
  • Bedrooms: 4
  • Baths: 4 full
  • Laundry: Laundry Room
  • Year Built: 1955
  • Garage: Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,379
  • Acreage: 0.39
  • Est. Taxes: $3,525
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator, Water Filtration System
  • MLS#: OM689619
  • Days on Market: 0 day
  • Website: https://www.raveis.com
    /prop/OM689619/8531basslakedrive_newportrichey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 8:47:07 PM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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NMLS Mortgage Loan Originator ID 16953

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8531 Bass Lake DRIVE, New Port Richey, FL, 34654

$525,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $420,000 $420,000 $420,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $294 $294 $294
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,794 $2,791 $3,601
Total Monthly Payment $3,180 $3,177 $3,987

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.