Terrace Palms
Condos for Sale in Tampa, FL
All 3,502 homes for sale in Tampa, FL · median $437,500 · 736 condos for sale in Tampa · 97 homes for sale in 33617 · Hillsborough County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
Over the 12 months ending 2026-09-12, 4 recorded sales closed at a median of $152,500, $173 per square foot, a median 43 days on market, sellers accepting 90% of original asking. Homes listed or recently sold were built 1983–1983; 3 of 5 report an HOA (median $380/mo). At the median price and Hillsborough County's FY2025-26 rate of 15.73 mills, annual property tax runs about $2,400 ($1,770 with the full homestead exemption).
Last 30 days in Terrace Palms: 2 closed sales (median $119,500). As of September 19, 2026, Listings courtesy of Stellar MLS as distributed by MLS GRID.
| Location | Tampa, Hillsborough County, FL · ZIP 33617 |
|---|---|
| Home types (current listings and sales) | condos 100% |
| Amenities listed by sellers | Community Mailbox, Pool, Clubhouse, Deed Restrictions, Laundry |
| Sale prices, last 12 months | $152,500 median across 4 closed sales · $173 per sq ft |
| Days on market (closed sales) | 43 median |
| For sale right now | 0 active, 1 pending |
Data as of September 12, 2026. Based on Stellar MLS data distributed by MLS GRID for the period 2006 through 2026. Market figures describe homes, not residents. Cite as: Momentum Realty, “Terrace Palms Condo key facts,” movewithmomentum.com/neighborhoods/terrace-palms-condo, data as of September 12, 2026.
Terrace Palms prices off condition and unit size more than anything else. With a median price of $152,500 and a median price per square foot of $173.49 against a median living area of 1,077 square feet, the math here is straightforward, but the spread in vintage - construction dates from 1954 to 2006 with a median year built of 1983 - means two units at the same square footage can show very differently depending on how much has been updated.
A median of just over 43 days on market says this isn't a bidding-war segment. Sellers who price to condition and get the unit presentation-ready move faster; sellers who price on hope sit. For buyers, that pace leaves room to inspect thoroughly and negotiate rather than compete on speed.
The 60-Second Overview
Terrace Palms Condo market snapshot (as of September 12, 2026): the median sale price is about $152K ($173 per sq ft over the trailing 12 months of closed sales), and a median 44 days on market for closed sales.
In ZIP 33617 (Tampa), 440 homes closed in the last 12 months at a median of $332K ($226/sq ft), down 0.6% year over year, with a median 35 days on market. Right now 81 active and 27 pending listings put supply at about 6.0 months — a balanced market. See the live ZIP 33617 housing market and the Hillsborough County market.
Stellar MLS sales records identify 49 homes in Terrace Palms Condo that have changed hands since 2008, built between 1983 and 1983 (median 1983), with a median living area of about 879 sq ft and a typical 2-bedroom, 2-bath layout; 100% are condominiums. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Terrace Palms Condo is a 199-unit Tampa community in Hillsborough County spanning multiple decades of construction, which puts unit condition and updates - not just location - at the center of any pricing conversation here.
The setting & the homes.
Aerial and on-site photos of Terrace Palms Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Photos from Stellar MLS listings in Terrace Palms Condo; content deemed reliable but not guaranteed.
Who Terrace Palms Condo is best for.
Best for
- Buyers focused on a lower entry price point in the Tampa condo market who are comfortable evaluating condition unit by unit
- Buyers planning to occupy rather than rely on building amenities, given none are currently identified in MLS data
- Buyers with flexibility on move-in timeline who can use the market's slower pace to negotiate on price or repairs
Probably not for
- Buyers who want a move-in-ready unit with minimal inspection needed, given the wide construction-year range
- Buyers who expect on-site community amenities as part of the purchase
- Buyers who need a fast, competitive-offer transaction; the median days-on-market here runs closer to six weeks
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 12 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($152K) IS the median in the snapshot above.
Windows contain 0 to 12 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period 2006 through 2026. Deemed reliable but not guaranteed.
Terrace Palms Condo Market Scorecard
Terrace Palms Condo is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 33617 ZIP is $301,269, about 24.1% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Terrace Palms Condo, Tampa
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
Terrace Palms Condo on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
The Terrace Palms Condo buying strategy.
If we were buying in Terrace Palms Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Palms Condo.
Condition, Not Calendar Year, Drives Value
The range of construction dates, 1954 to 2006, is wide enough that no single description fits the whole community. A median year built of 1983 puts the typical unit at a stage where mechanical systems, roofing, and finishes are common points of negotiation - buyers should expect to ask pointed questions about what's been replaced and when, unit by unit.
The homestead share sitting at 35.6% indicates a meaningful portion of current ownership is owner-occupied rather than investor-held, which is worth noting for anyone evaluating rental restrictions or building culture, though we don't have amenity data to speak to beyond noting current MLS listings don't identify any community amenities. Buyers weighing lifestyle features should verify what, if anything, the association offers directly rather than assuming.
The location and the amenities are priced into every listing in Terrace Palms Condo. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with this much variation in vintage and condition, the median numbers only tell you where the middle sits - not what a specific unit is worth. We walk every listing against comparable sales inside Terrace Palms and the surrounding Tampa condo stock so you're pricing or offering against real condition-adjusted data, not the community average.
Terrace Palms Condo in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $380/month (about $4,560/yr) · median of 16 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $380 per month ($4,560 a year) — the median AssociationFee across 16 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terrace Palms Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Palms Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Palms Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Palms Condo home worth?
Get a no-obligation home value based on real comparable sales in Terrace Palms Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recently off market in Terrace Palms Condo
Homes in Terrace Palms Condo that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 2 on record.
- 5038 Terrace Palms Circle #202 · off market
- 5054 Terrace Club Lane #101 · off market
Frequently Asked Questions
What is the median home price in Terrace Palms Condo?
How long do homes in Terrace Palms Condo take to sell?
Who is the best real estate agent for Terrace Palms Condo?
How do I find a top Tampa real estate agent who knows Terrace Palms Condo?
Can Momentum Realty connect me with an agent for Terrace Palms Condo?
Where is Terrace Palms, and what county is it in?
Should you buy in Terrace Palms Condo?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 17, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending September 12, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2006 (43 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Terrace Palms Condo fits the bigger picture — live prices, inventory, and Momentum Scores:
Schools serving nearby communities
We do not have a confirmed school assignment for Terrace Palms. These are the public schools most often assigned to other communities in ZIP 33617; zones change and vary by address, so confirm with the district before you buy.
- Hillsborough High School · Public · FLDOE grade B (assigned to 2 nearby communities)
- Greco Middle School · Middle (assigned to 2 nearby communities)
- King High School · High · FLDOE grade C (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
Shop the zone: Homes zoned for King-Hb High School
Nearby Communities
Explore more neighborhoods near Terrace PalmsCondos for Sale in Tampa, FL with Momentum Realty’s local guides.
