Welcome to an incredible opportunity in the heart of New Port Richey - NO HOA and priced under $200,000! This versatile property offers a flexible layout ideal for multi-generational living, guests, rental income potential, or a private work-from-home setup. The main home features 2 bedrooms, 1 full bathroom, a spacious living area, updated kitchen cabinetry, and an eat-in dining space filled with natural light. A separate private entrance leads to a studio-style in-law suite complete with its own full bathroom and full kitchen, creating endless possibilities for how you live and use the space. Designed for true Florida indoor-outdoor living, the home offers multiple covered and enclosed spaces including a large front breezeway, enclosed front porch, enclosed rear patio, and covered outdoor entertaining area overlooking the spacious backyard. The partially fenced yard provides privacy and room to garden, entertain, or simply relax outdoors. An exterior storage shed adds additional functionality for tools, hobbies, or workshop space. Both living spaces share access to the enclosed back porch with washer and dryer hookups for added convenience. Prior to closing, the seller will install a new refrigerator and range. Located just minutes from local marinas, waterfront dining, downtown New Port Richey shopping and entertainment, and with quick access to US-19 for an easy commute, this home combines affordability, flexibility, and location all in one unique package. One or more photos have been virtually staged.