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7040 Cognac Drive Unit 1

NEW PORT RICHEY, FL 34653

2 beds
2 baths
1,044 sqft
~29 acre lot
$141 per sqft
1973 build
– on site

LOCATION LOCATION!! Near Historic Downtown New Port Richey! NON-FLOOD ZONE X - Schedule your showing today and you will be happy that you viewed the Beautifully Spacious Magnolia Valley Condominiums both inside and outside!! This 1,282 square foot fully furnished FIRST floor TWO bedroom, TWO bath condo is spacious, has beautiful views, and makes a perfect snowbird retreat!! Just a few minutes to historic downtown New Port Richey where you can enjoy walks around the lake, eat at your favorite restaurant/bar and also enjoy the quaint shops. Search New Port Richey and you will find out what a lovely town it truly is. The backyard of this condo has a nature park where many different species of birds and wildlife pass through this park daily, get your binoculars, you will truly enjoy the daily wildlife routine. The large living room and large master suite both have sliding doors that make a full view possible of the peaceful nature park. The open plan of the kitchen, dining, and living room really makes the condo feel spacious and how it opens right into the enclosed porch just really makes you feel very cozy. Two good size storage units on each side of the enclosed porch. Several storage closets throughout. Very large master bedroom with ensuite bathroom and walk-in closet and sliding glass doors to see the beautiful backyard nature park view. The second bedroom also has a nice big window to view the nature park as well. So, no matter which main room you are in you will have this nature park view. We have many local beaches within a few miles, such as Green Key Beach and Anclote Beach, and just a few more miles South visit the beautiful Howard Beach and Park, and a few more miles after that, visit the beautiful Honeymoon Island Beach and Park, and a few more miles South, visit the beautiful Touristy Clearwater Beach. Go North from NPR and visit Hudson Beach, and Sunwest Park. Then about 45 minutes north, you can kayak on the rivers of Weeki Wachee and see a mermaid show, and during the winter visit the Manatees. Just 45 minutes to Tampa Airport. This Condo Unit is Fully furnished and turnkey. Assigned Covered Parking too. This area just really has endless things to do, and during the winter season, there are broadway shows, concerts, endless weekend festivals, festivities to where you can really never finish all that beautiful Tampa Bay area boasts. New Port Richey is really the perfect location to live, work, retire, and play. Included in pictures are a few of local views. The Central AC/Heat was installed in 2019, the Roof in 2025, and the Hot Water Heater is 2013. Flooring is mostly laminate (wood coloring) and ceramic tile throughout, linoleum in kitchen. This condo is ready for you to make it your own! MOVE-IN READY!! Schedule your immediate showing today!

Listing courtesy of STELLAR_MLS / LOKATION

Last checked: Checking… • Last updated Feb 16, 2025 •

MLS# TB8348937 —

The Building

Year Built:

1973
New Construction:

false
Construction Materials:

Block
Building Elevator:

false
Levels:

One
Stories Total:

2
Roof:

Other
Foundation Details:

Slab
Floor Number:

1
Unit Number:

1
Building Area Total:

1282
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Furnished
Flooring:

Other
Fireplace:

false

Room Dimensions

Living Area:

1044
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Rowan Rd to East on Massachusetts just one block and turn North into the Magnolia Valley Condominiums - continue straight for about a block and it is on the right.
Latitude:

28.259898
Longitude:

-82.696613
Coordinates:

-82.696613, 28.259898

The Property

Parcel Number:

34251608000070000A0
Property Type:

Residential
Property Subtype:

Condominium
Lot Size Acres:

29.22
Lot Size Area:

29.2153
Lot Size SqFt:

1272620
Lot Size Units:

Acres
Zoning:

MF1
Direction Faces:

West
View:

false
Exterior Features:

Lighting
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Flood Zone Panel:

12101C0189G
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Block:

00700
Tax Legal Description:

MAGNOLIA VALLEY CONDO PB 11 PG 95 APT A BLDG 7 & COMMON ELEMENTS
Tax Book Number:

11-95
Tax Annual Amount:

1545

Beds

Bedrooms Total:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8348937
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Inside

The Community

Subdivision Name:

MAGNOLIA VALLEY CONDO
Senior Community:

true
Community Features:

Buyer Approval Required
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

No
Association:

true
Association Fee:

345
Association Fee Frequency:

Monthly
Association Fee Includes:

Escrow Reserves Fund
Association Fee Requirement:

Required
Monthly HOA Amount:

345
Ownership:

Fee Simple
Association Approval Required:

true

Parking

Garage:

false
Carport:

true
Carport Spaces:

1
Covered Spaces:

1

Monthly cost estimate

Asking price

$148,000

Expense	Monthly cost
Mortgage	$792
Taxes	$128
Insurance	$40
HOA fees	$345
Utilities	$132 See report
Total	$1,437/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/11/25 Feb 11, 2025	Listed / Active	STELLAR_MLS	$148,000

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This condo located in Magnolia Valley Cond, New Port Richey East, FL 34653 is currently for sale for $148,000. 7040 Cognac Drive Unit 1 is a 1,044 square foot condo with 2 beds and 2 baths that has been on Estately for 45 days. 7040 Cognac Drive Unit 1 is in the Magnolia Valley Cond neighborhood of New Port Richey East and has a WalkScore® of 29, making it car-dependent. This condo is in the attendance area of Chasco Middle School.

Listing Courtesy of: STELLAR_MLS and LOKATION.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.