Palm Lakes Terrace
Homes for Sale in New Port Richey, FL
True comps, carrying-cost math, and listings before the portals.
Palm Lakes Terrace is a community in New Port Richey, Pasco County, FL. Across New Port Richey as a whole, 1,245 homes closed in the last 12 months at a median of $267,000, 45 median days on market, with 426 homes for sale today. At that median and Pasco County's FY2025-26 rate of 16.15 mills, annual property tax runs about $4,310 ($3,660 with the full homestead exemption).
Palm Lakes Terrace is a small, 19-home pocket in New Port Richey where the construction dates span nearly a century, from 1925 through 2013, with a median build year of 1981. That spread means condition and updates, not just square footage, will do most of the work in setting value here — a 1920s-era home and a 2010s-era home on the same street can present very differently to a buyer.
Just under half of the homes carry a homestead exemption, which points to a mix of owner-occupied and non-homestead ownership rather than a community dominated by one pattern. For sellers, that means competitive positioning matters — buyers touring this pocket will be comparing homes across a wide age range, so clear disclosure on renovations and system ages carries real weight.
The 60-Second Overview
Palm Lakes Terrace is a compact, 19-home community in New Port Richey (Pasco County) with a median living area around 1,510 square feet and a median build year of 1981 — figures that sit inside a construction span running from 1925 to 2013.
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 Palm Lakes Terrace is best for.
Best for
- A buyer prioritizing an individual home and location over community amenities
- A buyer prepared to evaluate condition carefully given the wide construction-year range
- A buyer or investor comfortable in a small, low-inventory market where comparables take extra work to establish
Probably not for
- A buyer expecting HOA-managed amenities or recreational facilities
- A buyer who wants a home built in a narrow, consistent construction era
- A buyer who needs frequent listing turnover and abundant choice at any given time
The market around Palm Lakes Terrace
Palm Lakes Terrace is a small community — 1 recorded sale on file, most recently in 2016 — too few for its own price trend. Here is the market around it.
Across Pasco County, 4,307 homes are active and 1,258 pending (23% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not Palm Lakes Terrace specifically. Momentum Research analysis of MLS records.
The Palm Lakes Terrace buying strategy.
If we were buying in Palm Lakes 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 Palm Lakes Terrace.
A small footprint with a wide build-year spread
With only 19 homes total, this is a thin market by definition — a single sale can move the read on the whole community. The construction range, nearly ninety years from oldest to newest home, is the defining structural fact: it means age-related condition items (roof, electrical, plumbing, foundation) vary house to house far more than they would in a community built in a single phase.
No community amenities are identified from current MLS listings, so whatever draws a buyer here is going to be the home itself and its immediate location rather than shared recreational infrastructure. That puts the emphasis squarely on individual property inspection and comparable-sale analysis rather than a community-wide amenity pitch.
The location and the amenities are priced into every listing in Palm Lakes Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 19-home community with a build-year range this wide, pulling the right comparables and reading condition correctly matters more than in a typical subdivision. We work the MLS data directly to identify which recent sales actually compare to a given home, and we walk buyers and sellers through what the age spread means for inspection priorities and pricing strategy.
Palm Lakes 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 Palm Lakes 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 Palm Lakes Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Lakes 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 Palm Lakes Terrace home worth?
Get a no-obligation home value based on real comparable sales in Palm Lakes 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 homes for sale in Palm Lakes Terrace on the map →
Frequently Asked Questions
How many homes are in Palm Lakes Terrace?
What share of Palm Lakes Terrace is owner-occupied?
When were the homes in Palm Lakes Terrace built?
Who is the best real estate agent for Palm Lakes Terrace?
How do I find a top New Port Richey real estate agent who knows Palm Lakes Terrace?
Can Momentum Realty connect me with an agent for Palm Lakes Terrace?
Should you buy in Palm Lakes Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 34652)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
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 your area comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
More New Port Richey & Tampa North / Pasco County guides
Compare before you commit - every guide covers pricing, HOA/CDD, insurance posture, and fit. Browse all of Tampa North / Pasco County or the full Neighborhood Finder.
See how Palm Lakes Terrace fits the bigger picture — live prices, inventory, and Momentum Scores: