Park Lake Estates vs Tanglewood Terrace
Two Pasco communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-11-12.
| Metric | Park Lake Estates | Tanglewood Terrace |
|---|---|---|
| Median sale price | $287K | $251K |
| Price per sq ft | $209 | $189 |
| Avg days on market | 72 days | 68 days |
| Months of supply | 2.8 mo | 1.9 mo |
| Market | Balanced Market | Seller's Market |
| 1-year price change | False | False |
| Recent closings | 30 | 44 |
The verdict
Park Lake Estates carries the higher median price — about 14% above Tanglewood Terrace. Homes in Tanglewood Terrace sell faster (68 days on market vs 72). Tanglewood Terrace is the tighter market on inventory (1.9 months of supply).
Where each one is
| Park Lake Estates | Tanglewood Terrace | |
|---|---|---|
| County | Pasco County, FL | Pasco County, FL |
| City / area | New Port Richey | New Port Richey |
| FEMA flood zones (sampled parcels) | 67% of 18 homes outside a flood zone (Zone X) | all 15 sampled homes outside a flood zone |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Park Lake Estates | Tanglewood Terrace | |
|---|---|---|
| Homes for sale now | 7 | 7 |
| Under contract | 3 | 3 |
| Asking prices today | $245K to $435K | $230K to $285K |
| Property types listed | Single Family Residence | Single Family Residence |
Live MLS counts, refreshed with every listing pull. Browse them: Park Lake Estates homes for sale · Tanglewood Terrace homes for sale.
The homes themselves
| Park Lake Estates | Tanglewood Terrace | |
|---|---|---|
| Homes (parcels) | 224 | 501 |
| Built | 1978–1993 (median 1980) | 1972–2020 (median 1974) |
| Typical living area | 1,727 sq ft | 1,502 sq ft |
| Homesteaded (owner-occupied) share | 72% | 58% |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
Schools the listings are zoned for
| Park Lake Estates | Tanglewood Terrace | |
|---|---|---|
| Elementary | Deer Park Elementary-Po | Cotee River Elementary-Po |
| Middle | River Ridge Middle-Po | Gulf Middle-Po |
| High school | River Ridge High-Po | Gulf High-Po |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Tanglewood Terrace is the lower entry point (median $251K vs $287K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Park Lake Estates; Tanglewood Terrace trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Tanglewood Terrace (68 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Park Lake Estates more expensive than Tanglewood Terrace?
Yes, on recent sales: the median sale price in Park Lake Estates is $287,000 versus $251,000 in Tanglewood Terrace, about 14% higher.
Which has newer homes, Park Lake Estates or Tanglewood Terrace?
Park Lake Estates: its homes were built 1978–1993 with a median year of 1980, versus a median of 1974 in Tanglewood Terrace (Florida DOR assessment roll).
Which has bigger homes?
Park Lake Estates. The typical home there is 1,727 sq ft of living area, versus 1,502 sq ft in Tanglewood Terrace.
What high schools serve Park Lake Estates and Tanglewood Terrace?
Listings in Park Lake Estates most often report River Ridge High-Po; listings in Tanglewood Terrace report Gulf High-Po. Zoning is set by the district and can change - verify by address.
Go deeper on each: Park Lake Estates homes, photos & schools · Tanglewood Terrace homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.