Marthas Vineyard Homes under $500,000

Marthas Vineyard Homes under $500,000

Welcome to Martha's Vineyard, a delightful subdivision nestled in the heart of Port Richey, Florida, within the picturesque Pasco County. This charming community offers a perfect blend of tranquility and convenience, making it an ideal choice for families, retirees, and anyone looking to embrace the Florida lifestyle.

Martha's Vineyard is characterized by its lush landscaping, inviting streets, and a friendly atmosphere that fosters a strong sense of community. Residents enjoy easy access to a variety of amenities, including shopping, dining, and recreational activities, ensuring that everything you need is just a stone's throw away. The nearby Gulf of Mexico offers stunning beaches and endless opportunities for water sports, fishing, and relaxing under the sun.

One of the standout features of Martha's Vineyard is the availability of homes priced under $500,000. This makes it an attractive option for first-time homebuyers and those seeking a second home in the Sunshine State. The neighborhood boasts a range of architectural styles, from cozy single-family homes to modern designs, catering to diverse tastes and preferences. Many properties come with spacious yards, perfect for outdoor gatherings or enjoying the warm Florida evenings.

In addition to its affordability, Martha's Vineyard is known for its community spirit, with neighborhood events and gatherings that bring residents together. With its ideal location, charming homes, and welcoming atmosphere, Martha's Vineyard is more than just a place to live—it's a place to thrive. Discover your dream home in this vibrant community today!

Newest Marthas Vineyard Homes under $500,000

5275 Miller Bayou Drive, Port Richey
$259,000
2 Beds ⋅ 1 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
ULTIMATE PRIVACY .Best location in Port Richey with around 0.3 acres for RENTING. Opportunity to own a piece of Paradise and build your dream custom waterfront home on this beautiful oversized lot that is almost a half an acre. Property is on a cul-de-sac, peaceful and friendly neighborhood. No rear neighbors. The asking price is only for the lot to build a two or three story Stilt house. Huge yard for parking big boat, trailer or many cars. Two sides covered with water. Space to enjoy amazing sunset views of the Gulf of Mexico from your backyard. You can drive your Golf Cart. Great kayaking, fishing ( snapper, redfish , mangrove ) and boating from your backyard. City of Port Richey police and fire response is quick. You already have an address, electricity, water, internet connections for your new custom Stilt home to be built here. A floating dock is already in place. Previous owner had very successful Airbnb business and possible to be $250-$300 daily rent. There are state parks within a mile with park facilities and boat ramp. Walkable distance to US 19. Owner will remove the monkey bar and playhouse after the sale. Only few months left for the new owner to start RENTING in 2026. NO HOA FEES, NO CDD and NO DEED RESTRICTIONS. Walking distance to WAWA gas station, Walmart, Dunkin Donuts, McDonald's, Thai restaurant. Close to shopping and medical facilities. 1 mile to Red Lobster, Starbucks, Panera Bread, LongHorn Steakhouse, Chili's, Olive Garden, Chipotle Mexican Grill, Walgreens, Whiskey Joe's Bar and Grill etc

5275 Miller Bayou Drive, Port Richey
5254 Miller Bayou Drive, Port Richey
$364,900
3 Beds ⋅ 3 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Virtually Staged. Experience Florida waterfront living at its finest in this beautifully remodeled 3-bedroom, 2.5-bath home on the scenic waters of Miller Bayou with direct Gulf access. Perfectly positioned on an oversized lot, this move-in-ready residence offers an open-concept floor plan filled with natural light and stunning water views.The designer kitchen features granite countertops, custom cabinetry, stainless steel appliances, and double ovens, flowing seamlessly into the spacious living and dining areas with French doors leading to the screened lanai and heated pool. The luxurious primary suite includes two walk-in closets and a beautifully updated spa-inspired bathroom. Outside, enjoy your private waterfront oasis with a screened pool, covered entertaining area, tropical landscaping, and a seawall ready for your boat lift. The expansive side yard provides ample space for boat, RV, or trailer storage. Located just minutes from the Gulf of Mexico, marinas, waterfront restaurants, parks, shopping, and entertainment, this exceptional home offers the perfect blend of luxury, comfort, and the Florida boating lifestyle. A rare opportunity to own a turnkey waterfront retreat with breathtaking sunsets and endless possibilities.

5254 Miller Bayou Drive, Port Richey
5122 Bay Boulevard, Port Richey
$330,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Virtually Staged. 5122 Bay Blvd is a one-story Port Richey home built in 1974. A screened in-ground pool with an attached spa anchors the outdoor space, offering a covered area for swimming and relaxing year-round. Inside, a stone fireplace anchors the main living area, adding warmth and a natural focal point. The kitchen provides ample cabinet and counter space that connects to the adjoining living and dining areas. An enclosed sunroom extends the living space with views of the yard, and the two bedrooms are served by two full bathrooms. A two-car attached garage adds parking and storage, completing this well-maintained residence with practical amenities throughout every room. Included 100-Day Home Warranty with buyer activation

5122 Bay Boulevard, Port Richey
8505 Old Post Road, Port Richey
$420,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
One or more photo(s) was virtually staged. Just eight minutes to the Gulf by boat! Welcome to 8505 Old Post Rd in Port Richey, a beautifully renovated waterfront home offering flexible living space, an updated interior, and the Florida boating lifestyle at an attractive price. Inside, you’ll find two spacious living areas, including a living room and separate family room, giving you plenty of room to entertain, relax, or create distinct gathering spaces. The updated kitchen features generous cabinetry, stone countertops, a large peninsula, and additional built-in storage. The home has been extensively renovated, with improvements completed with permits, offering added peace of mind. The flexible floor plan provides even more possibilities. The converted garage has been used as an office, while an additional bonus room with its own closet could function as a guest room, home office, hobby room, or additional sleeping space. Just beyond the laundry room is another bonus area that could serve as extra living space, storage, a workshop, or even allow for an expanded laundry/utility area. Outside is where this property really shines. Enjoy a covered outdoor entertaining area with an outdoor kitchen and gas cooking, fenced yard, seawall, and dock right on the canal. Bring the boat, fishing gear, kayaks, and waterfront toys—this is a true boater’s dream, with the added convenience of being able to boat to nearby waterfront restaurants. The location is another major plus. The home is close to Walmart, shopping, and restaurants, with several everyday conveniences nearby and some within walking distance. With its updated interior, versatile floor plan, waterfront setting, outdoor entertaining space, convenient location, and exceptional value, 8505 Old Post Rd offers an opportunity to enjoy the Florida lifestyle without the waterfront price tag you might expect.

8505 Old Post Road, Port Richey
8542 Betty Street, Port Richey
$349,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Virtually Staged. *Motivated seller* Where your backyard serves as the gateway to the Gulf and stunning sunsets. This exceptional 2 bed, 2 bath property features a private dock situated on a deep canal, providing effortless, direct Gulf access for boaters and outdoor enthusiasts. Out front, a convenient circular driveway offers excellent curb appeal and plenty of parking for family and guests, all set along golf cart-friendly roads that make cruising the neighborhood a breeze. Step inside to discover a lifestyle defined by breathtaking, unobstructed views where stunning sunsets meet pristine Florida nature. The heart of the home boasts a beautifully refurbished kitchen equipped to handle everything from quick weeknight meals to coastal entertaining. The property also boasts an August 6, 2026 fireplace and August 2026 new interior recessed lights. The interior also features a large, luxurious jacuzzi tub that stays with the property for your ultimate relaxation. Beyond your doorstep, you are just moments away by golf cart and boat to local favorites including Catches Waterfront Grille, Hooters, Whiskey River, and the local bait and tackle shop, putting the best waterfront dining and recreation right in your backyard. Complete with a versatile freestanding storage shed in the yard, this home perfectly combines a functional layout with the ultimate Florida waterfront lifestyle.

8542 Betty Street, Port Richey
5041 Bay Boulevard, Port Richey
$279,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
This charming 2-bedroom, 2-bath home features a spacious 2-car garage and a lovely Florida room with stunning water views. Situated on nearly half an acre, this property includes both the home and a large adjoining lot, offering plenty of room to build a pool, add fencing, or create your own private oasis. Enjoy direct water access right from your backyard! Launch a canoe or small johnboat and travel under a quaint bridge that leads straight into the Gulf. Located on a quiet dead-end street with no through traffic, this home sits in a well-established and peaceful neighborhood close to shopping, beaches, and great restaurants. Recent updates include BRAND NEW ROOF (2026), ALL- NEW APPLIANCES(2025), a BRAND NEW A/C (2025), and NEW KITCHEN(2025).

5041 Bay Boulevard, Port Richey
5270 Miller Bayou Drive, Port Richey
$299,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Affordable waterfront living is getting harder to find in Florida, and this beautifully renovated home is a standout opportunity. Situated on a quiet canal off Miller Bayou, this 2-bedroom, 1-bath property offers peaceful water views and direct access ideal for kayaking, paddleboarding, fishing, and other small-watercraft recreation without the traffic of larger boat canals. Inside, the home has been thoughtfully remodeled with modern finishes and a move-in-ready feel, making it an excellent option for a primary residence, winter retreat, second home, or investment property with short-term-rental potential. Whether you are downsizing, looking for a seasonal getaway, or searching for one of the more approachable waterfront options in the area, this property delivers a rare chance to enjoy the Florida waterfront lifestyle at an attractive price point. Canal access is best suited for kayaks, paddleboards, and small watercraft.

5270 Miller Bayou Drive, Port Richey
8402 Damen Lane, Port Richey
$315,000
2 Beds ⋅ 2 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Experience stunning, unobstructed sunrise views over Millers Bayou from this exceptional waterfront property. This waterfront property offers direct access to the Gulf of America, with only about a one-mile boat ride to Durney Key Island. A private boat ramp on the property makes getting on the water easy. Situated on a quiet cul-de-sac, the property features a fenced yard and is the only home with a driveway within the cul-de-sac, offering added privacy. Enjoy approximately 258 feet of water frontage with beautiful open water views. A new seawall was installed in 2023, adding long-term value and protection. Architectural drawings and engineering reports for a new custom home are available. The home has been ruled above the FEMA 50% rule. The current structure is an empty concrete shell and will need to be elevated or re-built or demolished (written est. 10K). The seller currently has an application in the Elevate Florida Grant Program, which is in the final decision stage with FEMA. The application can be transferred to the new owner with a prior owner letter, proof of ownership transfer, and completion of required documentation. If approved, federal grant funding will cover at least 75 percent of the project cost, meaning property owners only need to invest up to 25 percent—a significant savings. The current application that was sent in to FEMA in is not to lift the home but to have a brand new home built in it's place. The current estimated cost of the new build for the buyer is $119,845.07. You would be walking into significant equity!!!!

8402 Damen Lane, Port Richey
5127 Bay Boulevard, Port Richey
$470,000
4 Beds ⋅ 3 Baths ⋅ Marthas Vineyard SubDv. ⋅ 34668 Zip Code
Set on a rare 0.48-acre saltwater canal lot in Port Richey's Martha's Vineyard waterfront community, this Key West-style home delivers the coastal Florida lifestyle at a price that still makes sense. Four bedrooms, 2.5 bathrooms, and 2,162 square feet of open, airy living space with high ceilings, a wood-burning fireplace, and a true split-bedroom layout built for real life. Outside is where this property separates itself. A private boat ramp with canal access toward the Gulf of Mexico, a waterfront fire pit, screened retreat, wraparound porches, and a private deck all on a lot large enough to accommodate boat parking, RV parking, and every vehicle in the family. The lower level adds serious flexibility: dual garages plus a bonus space with its own private entrance, ready to serve as a guest suite, in-law quarters, home office, or income-producing rental. Minutes from Downtown New Port Richey, waterfront dining, marinas, and US-19 with easy connectivity to Tampa and Clearwater.

5127 Bay Boulevard, Port Richey
Start Your Search

How much is your home worth?

Get instant property value now!