Lake Morley Terrace Estates Un 1
Homes for Sale in Tampa, FL

Community in Tampa · Hillsborough County
73 homesBuilt 1927–1980
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Built fromLive Stellar MLS data4 years of closingsFL DOR public recordsUpdated twice daily
Live · Lake Morley Terrace Estates Un 1 Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 8,500+ transactions · Top 1% in Florida (RealTrends)
Tempo
1
Sold · last 12 mo
10-yr average: about 2 a year
Ownership and context
74%
Owner-occupied · Lake Morley Terrace Estates Un 1
54 of 73 parcels homesteaded (FL DOR 2025)
26%
Non-owner-occupied · Lake Morley Terrace Estates Un 1
incl. 7% trust or LLC-held · 3% out-of-state
25%
Cash buyers · Lake Morley Terrace Estates Un 1
1 of 4 sales, 12 mo ending June 2025
73
Homes in the community
73 residential parcels (FL DOR 2025)
Track record · 4 years of records
Est. 1927
Community established
homes built 1927-1980, median 1963 (FL DOR 2025)
0
Failed listings · 2022
peaked at 1 in 2020
1.4%/yr
Turnover rate
about 1 of 73 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Lake Morley Terrace Estates Un 1 is a small, established pocket of 73 homes in Hillsborough County, with a median build year of 1963 and a build range stretching from 1927 up to 1980. That spread means condition and updates vary house to house more than lot size or floor plan does — two homes on the same street can present very differently depending on what's been touched since the mid-century construction era. Buyers should expect to evaluate each property on its own renovation history rather than assume a uniform standard across the community.

With only one closing recorded in the current window, there isn't enough recent transaction volume here to read a confident price trend either way. That's not unusual for a community this size, but it does mean pricing decisions should lean on a broader comparable set and a close look at condition, not on a single recent sale.

Best for

  • A buyer prioritizing an established, lower-turnover Tampa location over amenity packages.
  • A buyer comfortable evaluating condition and updates on a home-by-home basis given the wide construction-year range.
  • A buyer whose plan includes renovation work, given the mid-century vintage of much of the stock.

Probably not for

  • A buyer who wants managed community amenities, since none are currently identified in MLS listings.
  • A buyer who needs a large, recent-sales dataset to price with precision, given the single closing in the current window.
  • A buyer seeking turnkey, uniformly modern construction rather than a mixed-vintage housing stock.

The market around Lake Morley Terrace Estates Un 1

Lake Morley Terrace Estates Un 1 is a small community — 2 recorded sales on file, most recently in 2022 — 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).

Homes here are single family residence.

ZIP and county figures describe the wider market, not Lake Morley Terrace Estates Un 1 specifically. Momentum Research analysis of MLS records.

If we were buying in Lake Morley Terrace Estates Un 1 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 Lake Morley Terrace Estates Un 1.

Best Buy
Buyers looking for an established Tampa community with mid-century housing stock rather than new construction.
Biggest Risk
Thin recent closing activity makes it hard to benchmark current pricing with confidence.
Sweet Spot
Homes built during the community's mid-century core years around 1963, where the housing stock is most consistent.
Avoid If
You want a community with organized amenities or a uniform, recently-built housing stock.

A mid-century footprint with wide condition variance

The median living space here runs around 1,711 square feet, a size that generally points to modest, efficient floor plans typical of the era in which most of these homes were built. With construction dates ranging from 1927 to 1980, the physical stock includes both original mid-century homes and later infill, so buyers touring the community should expect meaningful differences in layout, systems age, and finish level from one listing to the next.

Homestead exemption applies to about 74% of the properties, indicating that a solid majority of owners have claimed the home as their primary residence rather than holding it as a rental or seasonal property. That tends to support a more settled, lower-turnover feel in the day-to-day housing stock, though it doesn't tell us anything about who currently lives in any specific home. No community amenities are identified in current MLS listings, so this is a straightforward housing-stock play rather than an amenity-driven purchase.

The location and the amenities are priced into every listing in Lake Morley Terrace Estates Un 1. 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 small, low-turnover community like this one, the difference between a fair offer and an overpay often comes down to knowing which specific homes have been updated and which haven't — data that a broad market snapshot won't surface. We pull comparable sales and condition detail street by street so you're pricing the actual house, not a neighborhood average.

Lake Morley Terrace Estates Un 1 in 15 seconds.

Best forBuyers looking for an established Tampa community with mid-century housing stock rather than new construction.
Biggest advantageA settled ownership base, with roughly three-quarters of homes claiming homestead status.
Biggest riskThin recent closing activity makes it hard to benchmark current pricing with confidence.
Sweet spotHomes built during the community's mid-century core years around 1963, where the housing stock is most consistent.
Avoid ifYou want a community with organized amenities or a uniform, recently-built housing stock.

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 Lake Morley Terrace Estates Un 1 sales matched to your home.

What is your Lake Morley Terrace Estates Un 1 home worth?

Get a no-obligation home value based on real comparable sales in Lake Morley Terrace Estates Un 1, 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 Lake Morley Terrace Estates Un 1?
The Florida DOR 2025 assessment roll shows 73 homes in Lake Morley Terrace Estates Un 1 (public records).
What share of Lake Morley Terrace Estates Un 1 is owner-occupied?
74% of Lake Morley Terrace Estates Un 1 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Lake Morley Terrace Estates Un 1 built?
Homes in Lake Morley Terrace Estates Un 1 were built between 1927 and 1980, with a median year built of 1963 (FL DOR 2025 roll).
Do cash buyers compete in Lake Morley Terrace Estates Un 1?
Cash buyers took 25% of Lake Morley Terrace Estates Un 1 sales in the 12 months ending June 2025 (1 of 4 closings, Stellar MLS).
Who is the best real estate agent for Lake Morley Terrace Estates Un 1?
The best agent for Lake Morley Terrace Estates Un 1 is one who actively works Tampa 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 Lake Morley Terrace Estates Un 1.
How do I find a top Tampa real estate agent who knows Lake Morley Terrace Estates Un 1?
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 Lake Morley Terrace Estates Un 1 and the wider Tampa area.
Can Momentum Realty connect me with an agent for Lake Morley Terrace Estates Un 1?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Lake Morley Terrace Estates Un 1 purchase or sale - no call center and no pressure.
A buyer prioritizing an established, lower-turnover Tampa location over amenity packages.Excellent fit
A buyer comfortable evaluating condition and updates on a home-by-home basis given the wide construction-year range.Excellent fit
A buyer whose plan includes renovation work, given the mid-century vintage of much of the stock.Excellent fit
A buyer who wants managed community amenities, since none are currently identified in MLS listings.Probably not
A buyer who needs a large, recent-sales dataset to price with precision, given the single closing in the current window.Probably not
A buyer seeking turnkey, uniformly modern construction rather than a mixed-vintage housing stock.Probably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (2 streets, ZIP 33613))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2022 (10 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 Tampa & 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 LAKE MORLEY TERRACE ESTATES UN 1? 1 recorded closings (window ending 2026-08-02). 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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