Zumper
modified
10 Hours Ago

Highlights

  • Pet Friendly
  • Open layout
  • Vibrant community
  • Recreational areas
  • Outdoor enthusiasts

Location

5420 Reef Dr, New Port Richey, FL 34652, USA|Spring Lake Estates
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Contact

Management

Elevate Property Co

Leasing office

(844) 328-9161 ext. 1236

Property Overview

5420 Reef Drive receives a strong Zumper Expert Rating of 7.8, indicating it’s an excellent option for renters. With high scores for location (9/10) and amenities (8/10), it provides a vibrant community with an open layout and recreational areas, perfect for outdoor enthusiasts. Additionally, it ranks in the 80th percentile for value for money, showcasing a competitive price that aligns well with its features and nearby top-rated schools.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.8
Very Good
5420 Reef Drive is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Elementary school nearby

Great for

  • Pet owners

Floor plans

5420 Reef Drive2 bed1 bath804 sqft$1,300 /moWelcome to this charming duplex located at 5420 Reef Drive in the heart of New Port Richey, FL. Built in 1973, this well-maintained property offers 804 square feet of comfortable living space. The duplex features two spacious bedrooms and a full bathroom, providing ample space for relaxation and everyday living. As you step inside, you'll appreciate the open layout that seamlessly connects the living and dining areas, creating a welcoming atmosphere. The kitchen is efficiently designed with plenty of cabinet space, making meal preparation a breeze. Natural light floods the interior, enhancing the warm and inviting ambiance. Outside, the property boasts a cozy yard, perfect for enjoying Florida's beautiful weather. Whether you're sipping your morning coffee or unwinding after a long day, this outdoor space offers a peaceful retreat. Located in a desirable neighborhood, this duplex is conveniently close to local amenities, shopping centers, and dining options. Enjoy easy access to nearby parks and recreational areas, ideal for outdoor enthusiasts. This property combines comfort, convenience, and a touch of classic charm, making it a wonderful place to call home. Don't miss the opportunity to experience all that this lovely duplex has to offer in the vibrant community of New Port Richey.

Let's explore this property.

Amenities for 5420 Reef Drive

Appliances

Refrigerator

Building

Cats OKDogs OK
Laundry SharedOnsite Laundry

Grounds

Outdoor Space
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Year built1973
Lease terms12+ months
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About 5420 Reef Drive

HomeApartments in ElfersSpring Lake Estates 5420 Reef Drive

Welcome to this charming duplex located at 5420 Reef Drive in the heart of New Port Richey, FL. Built in 1973, this well-maintained property offers 804 square feet of comfortable living space. The duplex features two spacious bedrooms and a full bathroom, providing ample space for relaxation and everyday living. As you step inside, you'll appreciate the open layout that seamlessly connects the living and dining areas, creating a welcoming atmosphere. The kitchen is efficiently designed with plenty of cabinet space, making meal preparation a breeze. Natural light floods the interior, enhancing the warm and inviting ambiance. Outside, the property boasts a cozy yard, perfect for enjoying Florida's beautiful weather. Whether you're sipping your morning coffee or unwinding after a long day, this outdoor space offers a peaceful retreat. Located in a desirable neighborhood, this duplex is conveniently close to local amenities, shopping centers, and dining options. Enjoy easy access to nearby parks and recreational areas, ideal for outdoor enthusiasts. This property combines comfort, convenience, and a touch of classic charm, making it a wonderful place to call home. Don't miss the opportunity to experience all that this lovely duplex has to offer in the vibrant community of New Port Richey.


Year Built: 1973

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.8
/10
Very Good
5420 Reef Drive is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 5420 Reef Drive
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 5420 Reef Drive is a great option for renters looking for apartments in Spring Lake Estates. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 5420 Reef Drive is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5420 Reef Drive is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 5420 Reef Drive does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

5420 Reef Drive is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 6 pet grooming services nearby
  • 3 pet hospitals in the area
  • 6 pet supply stores near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5420 Reef Drive compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Spring Lake Estates

Median rents as of Mar 14 2026.
Spring Lake Estates
Elfers
A table of 3-bedroom apartment rental data trends in Elfers
MonthMedian Rent
March 2024$1,808
April 2024$1,825
May 2024$1,840
June 2024$1,812
July 2024$1,799
August 2024$1,801
September 2024$1,731
October 2024$1,764
November 2024$1,790
December 2024$1,829
January 2025$1,838
February 2025$1,811
March 2025$1,866
April 2025$1,885
May 2025$1,892
June 2025$1,831
July 2025$1,796
August 2025$1,750
September 2025$1,704
October 2025$1,697
November 2025$1,695
December 2025$1,701
January 2026$1,672
February 2026$1,737
March 2026$1,821
A table of 3-bedroom apartment rental data trends in Spring Lake Estates
MonthMedian Rent
January 2025$1,827
February 2025$1,795

Affordability calculator

Can I afford to live at 5420 Reef Dr?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$52,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $52,000 annually to afford this 2-bedrooms monthly rent price of $1,300.
For more information on rent affordability, visit our rent calculator.

Schools near 5420 Reef Drive

Mittye P. Locke Elementary School

4339 evans ave

new port richey, FL, 34652

PK, K-5Public
C+

Starkey Ranch K-8

12200 lake blanche dr

odessa, FL, 33556

PK, K-8Public
B+

Elisa Nelson Elementary School

415 15th st

palm harbor, FL, 34683

1-5Public
A-

Bexley Elementary School

4380 ballantrae blvd

land o lakes, FL, 34638

PK, K-5Public
B+

Pasco eSchool - Instruction Program

15144 shady hills rd

spring hill, FL, 34610

K-12Public
B+
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Internet available near 5420 Reef Drive

Neighborhood

Spring Lake Estates | Elfers, FL

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around New Port Richey near 5420 Reef Dr

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 5420 Reef Dr, New Port Richey

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

4/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

3/10
Some bars within walking distance

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