Falls At New Tampa Condo
Homes for Sale in Temple Terrace, FL

Community in Temple Terrace · Hillsborough County
143 homesBuilt 1995–1995
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Built fromLive Stellar MLS data15 years of closingsFL DOR public recordsUpdated twice daily
Live · Falls At New Tampa Condo Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Ownership and context
4%
Owner-occupied · Falls At New Tampa Condo
5 of 143 parcels homesteaded (FL DOR 2025)
96%
Non-owner-occupied · Falls At New Tampa Condo
incl. 76% trust or LLC-held · 6% out-of-state
143
Homes in the community
143 residential parcels (FL DOR 2025)
Track record · 15 years of records
Est. 1995
Community established
homes built 1995-1995, median 1995 (FL DOR 2025)
0
Failed listings · 2024
peaked at 17 in 2012
Jon Brooks, founder of Momentum Realty
Jon's Current Read

This is a uniform condo community — 143 units, all built in 1995, with a median size around 1,131 square feet. When the product is this consistent, price is driven almost entirely by condition and interior updates rather than square footage or vintage, so a renovated unit and a dated one can sit far apart on price even though they share the same floor plan.

The homestead share here is very low, at roughly 3.5%, which tells you most units are held as rentals or second homes rather than owner-occupied. For a buyer, that means you should read the association's rental rules and reserves carefully; for a seller, it means your competition is often investor-owned inventory, and a genuinely updated, move-in unit stands out.

Best for

  • Investors seeking a compact condo in a rental-friendly building, after reviewing the association's rules and reserves
  • Buyers on a modest budget who value low-maintenance living over square footage
  • Right-sizers wanting a smaller, single-level footprint near Temple Terrace

Probably not for

  • Buyers who need substantially more than roughly 1,131 square feet
  • Anyone wanting a predominantly owner-occupied community
  • Buyers unwilling to scrutinize condo financials, reserves, and assessment history

The market around Falls At New Tampa Condo

Falls At New Tampa Condo is a small community — 64 recorded sales on file, most recently in 2024 — too few for its own price trend. Here is the market around it.

Across Hillsborough County, 5,970 homes are active and 2,046 pending (26% under contract).

The housing mix here is 99% condominium, 1% townhouse.

ZIP and county figures describe the wider market, not Falls At New Tampa Condo specifically. Momentum Research analysis of MLS records.

If we were buying in Falls At New Tampa Condo today, this is the order of operations we would run for our clients.

1

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.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

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 Falls At New Tampa Condo.

Best Buy
Buyers who want a compact, low-maintenance condo in Temple Terrace and will diligence the association.
Biggest Risk
A very low homestead share means rental-heavy ownership — verify reserves and rental caps before you commit.
Sweet Spot
An updated interior in a well-funded association, priced against genuinely comparable units.
Avoid If
You need more space than roughly 1,131 square feet or want an owner-occupied building.

A uniform 1995 condo product

With every unit built in the same year and a median footprint near 1,131 square feet, this is not a community where you shop by size or age — you shop by condition, floor, and interior finishes. The spread you see in pricing is a condition story, not a square-footage one, so walk several units before you anchor on a number.

The low homestead share points to a rental-heavy ownership pattern. That is neither good nor bad on its own, but it makes the association's financials, rental caps, and reserve funding the single most important thing to verify before you write an offer. Ask for the budget, the reserve study, and any special assessment history in writing.

The location and the amenities are priced into every listing in Falls At New Tampa Condo. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a single-vintage condo where price hinges on condition and the association's health, our job is to get you the documents that matter — budget, reserves, rental rules, assessment history — and to price your unit against the right comparable, not against a dated listing down the hall. We tell you plainly when the numbers don't support the ask.

Falls At New Tampa Condo in 15 seconds.

Best forBuyers who want a compact, low-maintenance condo in Temple Terrace and will diligence the association.
Biggest advantageA uniform 1995 product makes it straightforward to compare condition and finishes unit to unit.
Biggest riskA very low homestead share means rental-heavy ownership — verify reserves and rental caps before you commit.
Sweet spotAn updated interior in a well-funded association, priced against genuinely comparable units.
Avoid ifYou need more space than roughly 1,131 square feet or want an owner-occupied building.

HOA, CDD & Fees

In short
  • Mandatory HOA — confirm current dues
  • Any club/amenity membership is billed separately

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.

The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Falls At New Tampa Condo sales matched to your home.

What is your Falls At New Tampa Condo home worth?

Get a no-obligation home value based on real comparable sales in Falls At New Tampa 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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Real comps, not an automated estimate.

Frequently Asked Questions

How many homes are in Falls At New Tampa Condo?
The Florida DOR 2025 assessment roll shows 143 homes in Falls At New Tampa Condo (public records).
What share of Falls At New Tampa Condo is owner-occupied?
4% of Falls At New Tampa Condo parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Falls At New Tampa Condo built?
Homes in Falls At New Tampa Condo were built between 1995 and 1995, with a median year built of 1995 (FL DOR 2025 roll).
Who is the best real estate agent for Falls At New Tampa Condo?
The best agent for Falls At New Tampa Condo is one who actively works Temple Terrace and knows the community's pricing, fees, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Falls At New Tampa Condo.
How do I find a top Temple Terrace real estate agent who knows Falls At New Tampa Condo?
Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Falls At New Tampa Condo and the wider Temple Terrace area.
Can Momentum Realty connect me with an agent for Falls At New Tampa Condo?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Falls At New Tampa Condo purchase or sale - no call center and no pressure.
Investors seeking a compact condo in a rental-friendly building, after reviewing the association's rules and reservesExcellent fit
Buyers on a modest budget who value low-maintenance living over square footageExcellent fit
Right-sizers wanting a smaller, single-level footprint near Temple TerraceExcellent fit
Buyers who need substantially more than roughly 1,131 square feetProbably not
Anyone wanting a predominantly owner-occupied communityProbably not
Buyers unwilling to scrutinize condo financials, reserves, and assessment historyProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (27 streets, ZIP 33637/99999))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2011 (12 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.

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More Temple Terrace & Tampa & Hillsborough County guides

Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa & Hillsborough County or the full Neighborhood Finder.

Thinking of selling in FALLS AT NEW TAMPA CONDO? See the Hillsborough County sell-now-or-wait data, what made 201,552 Florida listings fail in the last 12 months, or compare a cash offer vs. listing. Compiled from MLS records; deemed reliable but not guaranteed.
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