Madison Village Townhomes in Tampa

Madison Village
Townhomes in Tampa, FL

LGI Homes townhomes · Palm River, Hillsborough County · ZIP 33619

A sold-out LGI Homes townhome community in the Palm River area of southeast Tampa, an attainable entry into Hillsborough County resale.

LGI built townhomesSoutheast Tampa locationSelmon Expressway access
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Madison Village is a resale-only townhome community now that LGI has sold out, so the read is unit by unit on floor plan, condition, and the HOA line, not on a builder price sheet.
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Unlock Off-Market Madison Village

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
n/a
Median Price
0mo
Supply
n/a
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Madison Village is a small townhome community that LGI Homes opened in 2021 in the Palm River area of southeast Tampa and has since sold out, so every purchase here is a resale of an LGI CompleteHome townhome rather than a new build (LGI Homes via Tampa Patch, 2021; Livabl listing marked sold out). The product is consistent two-story, 2-to-3 bedroom plans with an attached garage, which keeps the read simpler than a mixed-age subdivision: the variables are the specific floor plan, the condition of a home that is now a few years old, the HOA dues, and the location trade-off of a value address that leans on the Selmon Expressway for access to downtown Tampa. Your leverage is reading the HOA and the specific unit honestly, and pricing the Palm River location for what it is."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Madison Village Townhomes is an LGI Homes community on Companion Lane in the Palm River area of Tampa, in Hillsborough County ZIP 33619. LGI announced the community's opening in early 2021, describing it as located about 9 miles southeast of downtown Tampa, and the community has since sold out (LGI Homes via Tampa Patch, February 2021; Livabl listing marked sold out, 2026).

The homes are two-story townhomes with open-concept layouts, ranging roughly from the mid 1,500s to the low 1,800s in square feet and two to three bedrooms, each with an attached garage and LGI's CompleteHome finish package that included granite counters, stainless appliances, and smart-home features at delivery (LGI Homes via Tampa Patch, February 2021). Most units were built in 2021 and 2022.

Because LGI has sold out, Madison Village is now a resale market. There is no builder price sheet to anchor to, so value comes down to the specific floor plan, the condition of a home that is a few years old, and the HOA dues, which should be confirmed in writing for the exact unit.

The pitch is attainable Hillsborough County townhome living with a southeast Tampa address and Selmon Expressway access toward downtown. The work is reading the HOA, the unit, and the Palm River location honestly rather than assuming a townwide number.

Best for

  • Buyers who want an attainable townhome entry into Hillsborough County
  • Commuters who will use the Selmon Expressway to reach downtown Tampa
  • Buyers who prefer a low-maintenance townhome with an attached garage
  • Resale buyers comfortable reading a few-year-old LGI home unit by unit

Probably not for

  • Buyers who want a large single-family home and yard
  • Anyone unwilling to verify the HOA dues and rules for the exact unit
  • Buyers expecting an amenity-dense, gated resort master plan
  • Buyers who need a brand-new build with a full builder warranty

How Madison Village is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
56Median days on marketdays
0 : 0Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 24, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Madison Village listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Madison Village Townhomes buys, holds, and resells. See the five factors.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

Madison Village trades a larger single-family footprint for an attainable townhome in southeast Tampa, leaning on the Selmon Expressway for a short run to downtown and easy reach to Brandon, the airport, and MacDill.

Lee Roy Selmon Expressway~5 min · main route to downtown
Downtown Tampa~15 to 20 min · ~9 miles northwest
Tampa International Airport~25 to 35 min · via Selmon and I-275
Brandon and Westfield Brandon~15 to 20 min · shopping and services
Ybor City~15 min · dining and nightlife
MacDill Air Force Base~25 to 35 min · via Selmon
Tampa General Hospital~20 to 25 min · downtown medical district

Distances and drive times are approximate and vary with traffic and your exact unit. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Madison VillageTownhomes with Momentum Realty’s local guides.

CPThe Crossing at Palm RiverTampa, FL · 0.6 miGRGreen Ridge EstatesTampa, FL · 0.8 miSPSanson ParkTampa, FL · 0.9 miCACanterburyLakesTampa, FL · 0.9 miPRPalm RiverTownhomesTampa, FL · 0.9 miUPUceta PinesTampa, FL · 1.2 miCMClair-Mel City Sec ATampa, FL · 1.2 miCMClair-Mel CityTampa, FL · 1.3 miUHUceta HeightsTampa, FL · 1.4 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Madison Village (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Hillsborough County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Madison Village is served by Hillsborough County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Hillsborough County Public Schools (verify by address)

Verifyrating
By address

Confirm zoned elementary, middle, and high

Verifyrating
Choice

Magnet and choice options may apply

Verifyrating

Buying with schools in mind? We can confirm the exact zoned schools for any Madison Village address.

The takeaway

What is actually shaping value around Madison Village: the South Selmon Expressway capacity project that affects the community's main route to downtown, the Tampa Hillsborough Expressway Authority's multi-year work plan, and the resale dynamics of a sold-out LGI townhome community. Each item is sourced and linked.

Recent Developments in Madison Village Townhomes

Our read on what is being built around Madison Village, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishSelmon Expressway investment points to better long-run access for southeast Tampa, with the watch item being construction-period impacts during the build and how the resale townhome market absorbs them.

South Selmon Expressway capacity project

2026
BullishMajor impact
SignificanceRadius: Area

Added expressway capacity on the community's main route toward downtown supports long-run access, though construction-period impacts should be expected during the build.

Expressway authority multi-year work plan

2026
BullishNotable impact
SignificanceRadius: Region

A multi-year, multi-hundred-million-dollar work plan signals sustained investment in the Selmon corridor that serves southeast Tampa.

Sold-out LGI community is now resale only

Ongoing
NeutralNotable impact
SignificanceRadius: Community

With the builder sold out, value is set by floor plan, condition, and the HOA on each resale rather than a builder price sheet.

HOA dues and rules drive carrying cost

Ongoing
NeutralNotable impact
SignificanceRadius: Community

Townhome HOA dues, inclusions, and leasing rules vary over time, so the current line has to be confirmed per unit.

Parcel-level flood exposure in the area

Ongoing
NeutralMinor impact
SignificanceRadius: Area

Flood zones vary by parcel in Hillsborough County near the river and bay, making the FEMA check and insurance quote essential diligence.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Madison Village Townhomes, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. September 2025
    Infrastructure

    South Selmon Expressway capacity project advances toward construction

    The Tampa Hillsborough Expressway Authority advanced a roughly a confirmed amount million South Selmon Capacity Project to add a lane in each direction and upgrade bridges on a southern stretch of the Lee Roy Selmon Expressway, the route southeast Tampa uses toward downtown. Why it matters: Better long-run capacity on the community's main route supports access, though buyers should weigh construction-period impacts during the multi-year build. Source

  2. February 2026
    Infrastructure

    Expressway authority outlines a multi-year work plan for the Selmon corridor

    The Tampa Hillsborough Expressway Authority described a multi-year work plan for fiscal years 2026 through 2031 totaling roughly a confirmed amount million, anchored by the South Selmon Capacity Project and corridor improvements that serve southeast Tampa. Why it matters: Sustained corridor investment underpins the access case for southeast Tampa neighborhoods that rely on the Selmon Expressway. Source

  3. February 2026
    Infrastructure

    Selmon rebuild reported to start in spring 2026

    Coverage of the South Selmon Capacity Project reported construction starting as soon as spring 2026 on the southern stretch of the expressway, with the work expected to take several years. Why it matters: Near-term construction means temporary impacts on the route southeast Tampa uses, ahead of the long-run capacity benefit. Source

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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.

If we were buying in Madison Village, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the HOA in writing. Get the current monthly dues, what they cover, and the rules for the exact unit before you write an offer.

2

Read the specific floor plan. Madison Village spans two-story 2-to-3 bedroom plans, so the layout and square footage drive value more than the community name.

3

Inspect the condition. These homes are a few years old now, so check the roof age, systems, and any deferred items on the specific unit.

4

Price the Palm River location honestly. This is a value southeast Tampa address that leans on the Selmon Expressway, so weigh the commute and surroundings for your needs.

5

Cross-shop the metro, and compare value plays such as Spring Hill if a single-family budget and a different commute are on the table.

Best Buy
A well-kept three-bedroom plan with the attached garage and a reasonable HOA
Biggest Risk
Underreading the HOA dues or the condition of a few-year-old unit
Best Lot
An interior unit position that suits noise, parking, and privacy needs
Smart Timing
Confirm the HOA line and the unit's condition before you offer
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Madison Village is a small LGI Homes townhome community rather than a large amenity master plan, so the lifestyle is low-maintenance townhome living. At opening, LGI described shared amenities including a picnic pavilion, a tot lot, a fenced dog park, and walking paths (LGI Homes via Tampa Patch, 2021). The community sits in the Palm River area of southeast Tampa with Selmon Expressway access toward downtown. Confirm the current amenities, HOA dues, and rules before you buy.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

The Two-Bedroom Entry

A smaller two-bedroom plan, the attainable way into the community for a buyer who wants low-maintenance townhome living.

Lowest entry
The Three-Bedroom Core

A three-bedroom plan with more space and the attached garage, the heart of the resale market here.

Most inventory
The Best Kept

A well-maintained, lightly updated unit in a favorable position, the homes that tend to hold value best in a small community.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

The Two-Bedroom Entry
A smaller two-bedroom plan, the attainable way into the community for a buyer who wants low-maintenance townhome living.
The Three-Bedroom Core
A three-bedroom plan with more space and the attached garage, the heart of the resale market here.
The Best Kept
A well-maintained, lightly updated unit in a favorable position, the homes that tend to hold value best in a small community.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Structure and age2021 to 2022 build, newer townhome
Roof and systemsRecent build, verify per unit
Interior conditionA few years old, inspect the specific unit
HOA and carryingMandatory HOA, confirm dues per unit
Flood exposureParcel specific near river and bay, check FEMA

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Madison Village

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

Madison Village is a sold-out LGI townhome community, so the deal is won or lost on the floor plan, the condition of the specific unit, and the HOA line, not a builder price.

Jon Brooks · Founder, Momentum Realty
6.8B- · Buy Score
Resale Strength6.6/10
Renovation Risk3.0/10
Location Efficiency6.6/10
Long-Term Defensibility6.4/10
Carrying Cost Advantage7.2/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Madison Village is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • Unit position affects noise, parking, and privacy
  • End or interior placement changes the feel
  • Check the flood zone for the exact address
  • Confirm assigned and guest parking arrangements
  • Read the unit and HOA before the finishes

In a townhome community, the parcel question is really about unit position. End units, interior units, and placement relative to parking, the dog park, and the main drive each feel different and can affect resale. Flood exposure is still parcel specific in Hillsborough County, so run the FEMA map and an insurance quote for the exact address. Read the unit position and the HOA first, then weigh the condition and finishes of the specific townhome.

Madison Village in 15 seconds.

Best forBuyers who want an attainable townhome entry into Hillsborough County.
Biggest advantageA low-maintenance LGI townhome with an attached garage and Selmon access to downtown Tampa.
Biggest riskUnderreading the HOA dues and rules, or the condition of a few-year-old unit.
Sweet spotA well-kept three-bedroom plan priced honestly to its floor plan and condition.
Avoid ifYou want a single-family home and yard or a brand-new build with a full warranty.

HOA & Fees

15-Second Take
  • Madison Village has a mandatory townhome HOA
  • Confirm the current monthly dues in writing per unit
  • Ask what the dues cover and what they do not
  • Review the rules, including any leasing restrictions
  • Check the reserve and any special assessment history

Madison Village is a townhome community with a mandatory HOA. Townhome HOAs in this product typically run a monthly fee that can cover exterior and common-area items, but the exact amount and inclusions change over time, so confirm the current dues in writing for the specific unit before you offer.

Where the HOA applies, it commonly covers common-area maintenance and the community's shared amenities, which LGI described at opening as a picnic pavilion, a tot lot, a fenced dog park, and walking paths (LGI Homes via Tampa Patch, 2021). Confirm exactly what the current dues include for the unit.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Madison Village, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Spring Hill, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Madison Village home worth?

Get a no-obligation home value based on real comparable sales in Madison Village matched to your condition, lot, and view, 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 Madison Village Townhomes on the map →
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Real comps, not a Zestimate.

Madison Village Townhomes Market Scorecard

Strong seller's market

Madison Village Townhomes is currently a strong seller's market. About 1.8 months of supply, a median asking price of $1,019,500, and homes go under contract in about 79 days.

1.8
Months supply
$1,019,500
Median list
$847,500
Median sold
$313
Per sqft
79
Days on mkt
6/8/41
Active/Pend/Sold

Typical home value in the 32224 ZIP is $456,759, about 13.7% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Madison Village Townhomes?
Madison Village is on Companion Lane in the Palm River area of Tampa, in Hillsborough County ZIP 33619, about 9 miles southeast of downtown Tampa (LGI Homes via Tampa Patch, 2021).
Who built Madison Village?
Madison Village was built by LGI Homes, which announced the community's opening in early 2021 and has since sold out (LGI Homes via Tampa Patch, 2021; Livabl listing marked sold out, 2026).
Can I still buy a new home from the builder here?
No. The community is sold out, so any purchase now is a resale of an existing LGI townhome rather than a new build from the builder (Livabl listing marked sold out, 2026).
What kind of homes are in Madison Village?
They are two-story townhomes with open-concept layouts, roughly the mid 1,500s to the low 1,800s in square feet and two to three bedrooms, each with an attached garage (LGI Homes via Tampa Patch, 2021).
When were the homes built?
Most units were built in 2021 and 2022, after LGI opened the community in early 2021. Confirm the year built for any specific unit.
Does Madison Village have an HOA?
Yes. It is a townhome community with a mandatory HOA. Confirm the current monthly dues, what they cover, and the rules in writing for the exact unit before you offer.
What amenities does the community have?
At opening, LGI described a picnic pavilion, a tot lot, a fenced dog park, and walking paths (LGI Homes via Tampa Patch, 2021). Confirm the current amenities and any associated fees.
How is the commute to downtown Tampa?
The community is about 9 miles southeast of downtown Tampa and leans on the Lee Roy Selmon Expressway for access. Drive times depend on your exact start point and the time of day.
Is the Selmon Expressway being expanded?
Yes. The Tampa Hillsborough Expressway Authority has advanced a South Selmon Capacity Project to add lanes on the expressway, with construction reported to start as soon as spring 2026 (WUSF, 2025; TBBW, 2026). Expect construction-period impacts during the build.
What schools serve Madison Village?
The community is in Hillsborough County Public Schools. Assignment is by address and can change, so confirm the zoned elementary, middle, and high schools for the exact unit.
Should I check the flood zone?
Yes. Flood exposure is parcel specific in Hillsborough County, especially toward the river and bay. Run the FEMA flood zone and an insurance quote for the exact address during diligence.
Is Madison Village a good value?
It offers an attainable townhome entry into Hillsborough County with a southeast Tampa address. As with any resale, the floor plan, condition, and HOA drive the outcome, so this is not a guarantee of future value.
Can I rent out a townhome here?
Leasing rules are set by the HOA and can change. Confirm the current leasing restrictions in writing before you buy if rental use matters to you.
Why is pricing in a small community like this unit specific?
Because a handful of floor plans and varying condition mean each unit is its own story. The layout and the condition, not the community name, set the price.
Buyers who want an attainable townhome entry into Hillsborough CountyExcellent fit
Commuters who will use the Selmon Expressway to reach downtown TampaExcellent fit
Buyers who prefer a low-maintenance townhome with an attached garageExcellent fit
Resale buyers who will read the unit and the HOA carefullyExcellent fit
Buyers who will price the Palm River location honestly for their needsExcellent fit
Buyers who want a single-family home and a private yardProbably not
Anyone unwilling to verify HOA dues and rules per unitProbably not
Buyers expecting a gated, amenity-dense resort master planProbably not
Buyers who need a brand-new build with a full builder warrantyProbably not
Buyers unwilling to check condition on a few-year-old homeProbably not

Get the inside read on Madison Village

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Madison Village home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Madison Village specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Madison Village Townhomes — what to look for, questions to ask, and your local expert.
Stellar MLS logoMLS GRID logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing; deemed reliable but not guaranteed by MLS GRID.

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