Property
ActiveCondo
1/43
$244,900

5557 SEA FOREST DRIVE 118

New Port Richey, FL 34652
2
Beds
2
Baths
1,410
SqFt
0.02
Acres
STELLAR
#TB8415288
Updated: Jun 22, 2026, 4:38pm

Property Description

Beautiful Waterfront 2-Bedroom Condo with Wrap-Around Balcony & Airbnb Potential. Welcome to this spacious and beautifully decorated 2-bedroom, 2-bathroom condo located on a serene saltwater canal with access to boat slips. While this unit does not come with a deeded slip, there are often slips available for sale or rent — a great option if waterfront living and boating are part of your lifestyle. Boasting over 1,400 square feet of living space, this condo offers a light and airy feel with three sets of sliding glass doors that open onto a screened wrap-around balcony—perfect for enjoying both sunrise and sunset views. Inside, you'll find an open and generously sized living and dining area, plus a modern kitchen featuring: Beautiful laminate flooring, Granite countertops, Stainless steel refrigerator and dishwasher, Ample cabinetry and eat-in space. The split-bedroom layout offers privacy, with the primary suite featuring: King-size bed, Dual vanity bathroom with separate tub and shower, Walk-in closet, Private sliding door to the balcony. Additional features include a full-size laundry room with washer and dryer, and the condo comes fully furnished if desired. Plus, short-term rentals (e.g., Airbnb) are allowed, making this an excellent investment opportunity. Located on the first floor above the parking garage, the unit provides both convenience and security. Owners enjoy covered parking in the garage with one reserved space, along with additional guest parking outside. The Community offers 2 pools, community boat ramp, tennis and pickle ball courts. Monthly fees include internet, basic cable, sewer, trash, pest control, exterior maintenance, roof repair and more. Community has access to Gulf Harbors private beach also for an optional fee of $200 per year . Don’t miss your chance to own this stunning waterfront condo in a desirable community — ideal for full-time living, a vacation getaway, or an income-producing rental! Seller will do owner financing with a 5 year balloon with 20% down; fed rate or lower. Owner will assist with buyer's closing costs!!! Also, listed as a seasonal rental. Typical Peak Season Rental Rates for Jan - April is $3500 - $4,000 per month
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Included Appliances
DishwasherDisposalDryerElectric Water HeaterExhaust FanMicrowaveRangeRefrigeratorWasher

Property Details

Highlights
View
Yes
Waterfront
Yes
Interior
Additional Rooms
Family RoomFormal Dining Room SeparateInside Utility
Appliances
DishwasherDisposalDryerElectric Water HeaterExhaust FanMicrowaveRangeRefrigeratorWasher
Bathrooms Total Decimal
2
Building Area Total
1410
Cooling
Central Air
Floor Number
Yes
Flooring
CarpetLaminateTile
Furnished
Negotiable
Heating
CentralElectricHeat Pump
Interior Features
Ceiling Fan(s)Crown MoldingEating Space In KitchenElevatorPrimary Bedroom Main FloorSplit BedroomWalk-In Closet(s)Window Treatments
Laundry Features
InsideLaundry Room
Living Area
1410
Rooms Total
3
Window Features
BlindsWindow Treatments
Construction
Architectural Style
ElevatedFlorida
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockConcreteHardiPlank Type
Direction Faces
North
Foundation Details
Slab
Levels
One
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
Shingle
Stories Total
3
Year Built
1988
Site & Exterior
Exterior Features
BalconySliding Doors
Flood Zone Code
AE
Frontage Length
Canal: 100
I D X Participation
Yes
Lot Features
Near Marina
Lot Size Acres
0.02
Lot Size Area
799
Lot Size Square Feet
799
Lot Size Units
Square Feet
Parking Features
CoveredGuestReserved
Patio And Porch Features
CoveredEnclosedScreenedWrap Around
Public Survey Range
16
Public Survey Section
7
Road Surface Type
Asphalt
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
BB/HS Internet AvailableCable ConnectedSewer ConnectedStreet LightsWater Connected
View
Trees/WoodsWater
Water Access
Yes
Water Extras
Yes
Water Source
Public
Waterfront
Yes
Waterfront Features
Canal FrontWaterfrontCanal - Saltwater
Waterfront Feet Total
100
Zoning
MF2
Financials
Amenities Additional Fees
There is a Beach Club down by the beach that is $200 per year and it is required to join. Additinally, there is a $90 per month fee for the Gulf Landings Clubhouse and Pool.
Association Fee Frequency
Monthly
Association Fee Includes
Cable TVCommunity PoolEscrow Reserves FundInsuranceInternetMaintenance StructureMaintenance GroundsPool MaintenanceRecreational FacilitiesSewerTrashWater
Calculated List Price By Calculated Sq Ft
173.69
Condo Fees
895
Condo Fees Term
Monthly
Contract Status Change Date
2025-08-08
Current Price
244900
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
2 Weeks
Monthly Condo Fee Amount
895
Other Fees Amount
200
Other Fees Term
Annual
Owner Name
RICHARD B WATERFIELD
Ownership
Condominium
Parcel Number
162607007.A000.00118.0
Public Survey Township
26
Tax Annual Amount
4044
Tax Block
000
Tax Book Number
4-59
Tax Legal Description
HEATHER COVE OF NEW PORT RICHEY PHASE 2 A CONDO CB 4 PGS 59-73 UNIT 118 & COMMON ELEMENTS & BOAT SLIP B-11 PER OR 4965 PG 1700 OR 9120 PG 3815
Tax Lot
118
Tax Year
2024
Total Annual Fees
12020
Total Monthly Fees
1001.67

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
See HOA for Rules
Association Amenities
Cable TVClubhouseElevator(s)PoolRecreation FacilitiesSpa/Hot Tub
Association Email
tony@qualifiedpropertymgmt.com
Association Fee Requirement
Required
Association Name
Qualified Property Management
Association Phone
Tony
Association U R L
Community Features
Canal FrontCommunity Boat RampDockFishingIntracoastal WaterwayWater AccessWaterfrontAssociation Recreation - OwnedClubhouseDeed RestrictionsPool
Lease Restrictions
Yes
M L S Area Major
34652 - New Port Richey
Max Pet Weight
25
Number Of Pets
Yes
Pet Size
Small (16-35 Lbs.)
Pets Allowed
Cats OKDogs OKNumber LimitSize LimitYes
Subdivision Name
HEATHER COVE NEW PORT
Listing provided courtesy of STELLAR via IDX. Updated: Jun 22, 2026, 4:38pm.
Lyn DeBoer

Listing Agent

RE/MAX REALTEC GROUP INC

Call Agent