Welcome to 5127 Bay Blvd, Port Richey, FL 34668, a waterfront home for sale in Port Richey with Gulf access, a saltwater canal location, and the space and flexibility buyers are looking for in a true Florida coastal property. This Key West-style home offers 4 bedrooms, 2 full bathrooms, 1 half bath, and 2,162 square feet, all set on an oversized 0.48-acre lot with room for boat parking, RV parking, and multiple vehicles. Inside, this Port Richey waterfront home features an open floor plan, high ceilings, a split-bedroom layout, tile and laminate flooring, and a wood-burning fireplace. The spacious layout offers comfortable everyday living, room for guests, and flexible options for buyers searching for a primary residence, vacation home, waterfront retreat, or investment property in Port Richey. Step outside and enjoy the features that make Florida living worth the electric bill — expansive porches, a screened porch, private deck, fire pit, and waterfront views. This property also includes a private boat ramp for small watercraft, making it a standout for buyers searching for a boat-friendly home in Port Richey, a canal home with Gulf access, or a waterfront property near the Gulf of Mexico. The lower level includes dual garages and a bonus flex space with a private entrance, ideal for a guest suite, in-law space, home office, home gym, or hobby area. Buyers looking for a multi-generational home in Port Richey or a property with extra usable space will appreciate the versatility this home offers. Located in the Martha's Vineyard waterfront community, this home is close to marinas, parks, dining, shopping, and Downtown New Port Richey. If you are searching for a waterfront home in Pasco County, a Gulf access home in Port Richey, a Florida home with boat parking, or a coastal home with flexible living space, 5127 Bay Blvd is a property you need to see.