Grand Terrace
Homes for Sale in Grand Island, FL
True comps, carrying-cost math, and listings before the portals.
As of September 2026, Grand Terrace Sub in Grand Island, FL has 1 home for sale. Homes listed or recently sold were built 1989–1990.
Grand Terrace is a small, tightly defined pocket of 44 homes built in a narrow window between 1989 and 1991, with a median living area right at 999 square feet. That consistency matters: when the stock is this uniform in age and size, price is driven far less by square footage and far more by condition, updates, and lot. Two otherwise identical floor plans can trade very differently depending on how much work the current owner put in.
The other number to watch is the homestead share, just under 80%. That points to a subdivision held largely by owner-occupants rather than turned over as rentals, which tends to keep inventory tight and listings deliberate rather than distressed. For a buyer, that means patience; for a seller, it means your competition is thin but your buyer pool is specific.
Grand Terrace right now
🟡 Balanced market. 6.0 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Stellar MLS records, as of September 12, 2026. Confidence: Low (1 active and pending listings, 1 closed sales in 12 months).
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· Updated September 14, 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
Grand Terrace is a compact, single-vintage subdivision in Grand Island, Lake County — 44 modest homes from around 1990, held mostly by owner-occupants.
Stellar MLS sales records identify 28 homes in Grand Terrace that have changed hands since 2006, built between 1989 and 1991 (median 1990), with a median living area of about 1,000 sq ft and a typical 3-bedroom, 1-bath layout; 96% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Grand Terrace is best for.
Best for
- Buyers wanting a compact, low-maintenance home from around 1990 and willing to wait for the right one
- Owner-occupants who value a stable, mostly owner-held subdivision over high-churn options
- Renovation-minded buyers who can price an original home against an updated comp and do the work
Probably not for
- Buyers needing more than roughly 1,000 square feet of living space
- Anyone on a tight timeline who needs several listings to choose from at once
- Investors expecting a deep, active rental-turnover market
The market around Grand Terrace
Grand Terrace is too small for its own price trend, so here is the market around it.
In ZIP 32735, 33 homes are on the market and 24% are under contract — a steady corner of Grand Island.
Across Lake County, 3,179 homes are active and 1,077 pending (25% under contract).
In ZIP 32735 (Grand Island), 77 homes closed in the last 12 months at a median of $330K ($171/sq ft), down 4.2% year over year, with a median 50 days on market. Right now 21 active and 3 pending listings put supply at about 4.4 months — a balanced market. See the live ZIP 32735 housing market and the Lake County market.
ZIP and county figures describe the wider market, not Grand Terrace specifically. Momentum Research analysis of MLS records.
Homes For Sale Right Now in Grand Terrace
Live MLS inventory for Grand Terrace. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Grand Terrace listings as of 2026-09-12, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2009 through 2025. Tap any home to ask about it.
Grand Terrace 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 Grand Terrace buying strategy.
If we were buying in Grand Terrace 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 Grand Terrace.
A single-vintage pocket where condition is the whole story
Because nearly every home here came out of the ground within a three-year span and sits near 999 square feet of living space, you are shopping a very consistent product. That is an advantage when you are comparing two listings — you can read the price gap almost entirely as a condition and finish story rather than a size story. Ask what has been touched: roof, HVAC, kitchen, and baths on homes of this age are where the money is.
With only 44 homes and a homestead share close to 80%, turnover is naturally low and closings are infrequent. Don't expect a steady stream of options. When a home that fits does list, the decision window can be short, and the right preparation on both sides — clean inspection expectations for buyers, honest pre-list condition work for sellers — is what moves a deal.
The location and the amenities are priced into every listing in Grand Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a subdivision this small and this uniform, the read comes from knowing the individual homes, not a broad market average. We track what actually closes in Grand Terrace, how condition separated those prices, and what an updated home versus an original one really means when you're negotiating. That local, house-by-house detail is where we earn our keep.
Grand Terrace in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- 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 Grand Terrace 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 Grand Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Grand Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Grand Terrace home worth?
Get a no-obligation home value based on real comparable sales in Grand Terrace, 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 all homes for sale in Grand Island →
19% of homes for sale in ZIP 32735 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-12).
Grand Terrace Sub Market Scorecard
Grand Terrace Sub is currently a balanced market. About 4.0 months of supply, a median asking price of $214,900, and homes go under contract in about 20 days.
Typical home value in the 32735 ZIP is $321,802, about 5.8% below 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.
Frequently Asked Questions
Is Grand Terrace a buyer's or seller's market right now?
Who is the best real estate agent for Grand Terrace?
How do I find a top Grand Island real estate agent who knows Grand Terrace?
Can Momentum Realty connect me with an agent for Grand Terrace?
Should you buy in Grand Terrace?
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 12, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2009 (11 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 Grand Terrace fits the bigger picture — live prices, inventory, and Momentum Scores:
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