GRACELAND ESTATES
Homes for Sale in THONOTOSASSA, FL
True comps, carrying-cost math, and listings before the portals.
Graceland Estates is a small, recently built enclave in Thonotosassa - 87 homes total, all constructed between 2020 and 2023, with a median build year of 2021. What sets this community apart is scale of the homes themselves: a median living area of 3,620 square feet puts these among the larger single-family footprints in the surrounding submarket, which does more to shape value here than lot size or street position.
As of this snapshot there are zero active listings, meaning there is currently no visible resale inventory to benchmark against in the MLS feed. That is a data gap, not a market signal - with only 87 homes built inside a tight three-year window, turnover is naturally infrequent, and a buyer or seller here should expect to work off comparable sales history and direct outreach rather than a live pool of competing listings.
GRACELAND ESTATES right now
🟢 Still climbing. The trailing-12-month median ($750K) is up 10.7% from the prior 12 months ($678K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending August 2. Confidence: Low (8 and 3 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
Updated August 2, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
GRACELAND ESTATES market snapshot (as of August 2, 2026): the median sale price is about $750K ($234 per sq ft over the trailing 12 months of closed sales), and a median 3 days on market for closed sales. The trailing-12-month median is up 11% from the prior 12 months, computed from record-level Stellar MLS closed sales (8 closings in the current window).
GRACELAND ESTATES is a community of 87 homes in THONOTOSASSA, Hillsborough County, built between 2020 and 2023 (median 2021), with a median living area of about 3,620 square feet. 42% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Graceland Estates is a newer-build community in Thonotosassa, Hillsborough County, made up entirely of homes constructed between 2020 and 2023 - a compact 87-home footprint with no legacy construction to complicate condition or age comparisons.
The setting & the homes.
Aerial and on-site photos of GRACELAND ESTATES. Swipe to explore the community.
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GRACELAND ESTATESWho GRACELAND ESTATES is best for.
Best for
- Buyers prioritizing larger square footage in a newer-built home over an older or smaller-footprint alternative
- Buyers comfortable working from historical sales data rather than a live inventory of active listings
- Buyers or investors evaluating a small, recently constructed community with a mixed homestead and non-homestead ownership base
Probably not for
- Buyers who want to compare several active listings side by side before deciding
- Buyers seeking an established or older-built neighborhood with a longer sales history
- Buyers who want a community built around shared amenities, since none are currently identified here
Housing distress & ownership in GRACELAND ESTATES, THONOTOSASSA
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 August 2026 through August 2026. Deemed reliable but not guaranteed.
Schools
- Hillsborough County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Hillsborough County Public Schools (verify by address) · Public
- Confirm zoned elementary, middle, and high · By address
- Magnet and choice options may apply · Choice
Zoned schools reflect the assignments reported on recent GRACELAND ESTATES listings and can change; always confirm with Hillsborough County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any GRACELAND ESTATES address.
Recent Developments in Graceland Estates
Development, infrastructure, retail, and school activity affecting Graceland Estates, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated August 2026.
- July 2026Development
33-story tower planned for Water Street Tampa expansion
Strategic Property Partners plans a 33-story mixed use tower at Water Street and Cumberland Avenue in downtown Tampa on a 1.9-acre site. The building would hold 452 residential units ranging from studios to three bedrooms plus about 37,000 square feet of retail and 645 parking spaces. Construction is scheduled to begin in spring 2027 with completion targeted for 2029.
What it may mean for the marketAdds a 33 story tower with 452 residential units and ground floor retail to the downtown Tampa market, continuing the buildout of the Water Street district and expanding high rise housing supply. The project is about 15 miles southwest of Graceland Estates, elsewhere in Hillsborough County.
Source: Florida YIMBY - July 2026Development
Mercy Oaks II affordable apartments open on North Florida Avenue
Catholic Charities, with the City of Tampa and Hillsborough County, completed Mercy Oaks II, a 17-unit affordable apartment building on North Florida Avenue in East Tampa built on the site of a former strip mall. The project includes 15 one-bedroom and two two-bedroom units, with seven units serving households up to 80 percent of area median income and ten up to 50 percent. It was supported by 1.25 million dollars in state SHIP funds from the city and sits next to the 20-unit Mercy Oaks I completed in 2022.
What it may mean for the marketAdds 17 income restricted apartments on a former strip mall site, expanding the affordable rental supply and converting vacant commercial land to housing. The project is about 11 miles southwest of Graceland Estates, elsewhere in Hillsborough County.
Source: City of Tampa - July 2026Builder Activity
First 3D-printed affordable home nears completion in East Tampa
The nonprofit Corporation to Develop Communities of Tampa is completing Tampa's first 3D-printed affordable home on Lurline Circle in East Tampa, using a gantry-style printer that layers concrete for the walls. The house is expected to be finished within weeks and listed for sale in about two months, with down payment assistance and first time homebuyer programs available. The effort is part of a broader CDC initiative that includes more than 90 multifamily units in East Tampa.
What it may mean for the marketIntroduces 3D concrete printing construction to the local for sale housing market, with a new single family home and additional multifamily units planned. The method signals a new building technique entering the area home supply. The project is about 11 miles southwest of Graceland Estates, elsewhere in Hillsborough County.
Source: Bay News 9 - January 2026Development
Flagship breaks ground on 46,000-square-foot Wiregrass Ranch Medical Pavilion in Wesley Chapel
Flagship Healthcare Properties broke ground in January 2026 on a 46,000-square-foot medical pavilion at Wiregrass Ranch in Wesley Chapel, adding outpatient medical space to the growing State Road 56 corridor.
What it may mean for the marketAdded outpatient medical space along the State Road 56 corridor deepens healthcare access and professional employment in Wesley Chapel, an amenity factor that can support nearby housing demand. The site is about 5 miles north of Graceland Estates.
Source: HCO News
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
The GRACELAND ESTATES buying strategy.
If we were buying in GRACELAND ESTATES 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 GRACELAND ESTATES.
A tight build window, large floor plans
Every home in Graceland Estates falls inside a four-year construction span, so age-related maintenance variance - roofs, HVAC systems, electrical - is unusually narrow compared to older Thonotosassa subdivisions. The median living area of 3,620 square feet signals this community was built around larger-format single-family homes rather than starter or mid-size product, which affects everything from taxable value to who the home is sized for.
The homestead share sits at 42.5%, meaning under half of the 87 homes are currently claimed as a primary residence for tax purposes. That is worth noting for anyone evaluating the community: a meaningful share of the housing stock here is held as non-homesteaded property, which can mean investment ownership, second homes, or recent purchases that haven't yet filed for exemption. No community amenities are currently identified from MLS listings, so this reads as a standalone residential subdivision rather than an amenity-driven development.
The location and the amenities are priced into every listing in GRACELAND ESTATES. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in GRACELAND ESTATES buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (7.5). Basis: Recent Direction +10.7% year-over-year; Owner Commitment 42% owner-occupied; Pricing Power 99.4% sale-to-list. Refreshed with each data update.
Why work with Momentum here
With zero active listings at this snapshot, pricing and positioning in Graceland Estates depends on off-market comparables and direct knowledge of what has closed in this specific 87-home footprint - not on scrolling a live inventory. We track build-year detail, homestead status, and square footage at the community level so a buyer or seller here is working from real data instead of guesswork.
GRACELAND ESTATES in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a GRACELAND ESTATES 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 GRACELAND ESTATES sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in GRACELAND ESTATES, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your GRACELAND ESTATES home worth?
Get a no-obligation home value based on real comparable sales in GRACELAND ESTATES, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in GRACELAND ESTATES on the map →
Graceland Estates Market Scorecard
Graceland Estates is currently a thin data market. Limited supply, a median asking price of n/a.
Go deeper: 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.
Frequently Asked Questions
What is the median home price in GRACELAND ESTATES?
How long do homes in GRACELAND ESTATES take to sell?
How many homes are in GRACELAND ESTATES?
What share of GRACELAND ESTATES is owner-occupied?
When were the homes in GRACELAND ESTATES built?
Do cash buyers compete in GRACELAND ESTATES?
What schools serve GRACELAND ESTATES?
Who is the best real estate agent for GRACELAND ESTATES?
How do I find a top THONOTOSASSA real estate agent who knows GRACELAND ESTATES?
Can Momentum Realty connect me with an agent for GRACELAND ESTATES?
Should you buy in GRACELAND ESTATES?
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: June 24, 2026) |
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (community parcel extract) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Schools | 2025-26 district assignments + FLDOE school grades; verify with the district |
| Historical depth | Closed-sale records back to 2022 (16 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?
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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 your area comps.
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