Palm Terrace Gardens Unit 2
Homes for Sale in Port Richey, FL

Community in Port Richey · Pasco County
161 homesBuilt 1945–1985
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True comps, carrying-cost math, and listings before the portals.

Built fromLive Stellar MLS data15 years of closingsFL DOR public recordsUpdated twice daily
Live · Palm Terrace Gardens Unit 2 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 0 a year
Ownership and context
52%
Owner-occupied · Palm Terrace Gardens Unit 2
84 of 161 parcels homesteaded (FL DOR 2025)
48%
Non-owner-occupied · Palm Terrace Gardens Unit 2
incl. 24% trust or LLC-held · 15% out-of-state
161
Homes in the community
161 residential parcels (FL DOR 2025)
Track record · 15 years of records
Est. 1945
Community established
homes built 1945-1985, median 1973 (FL DOR 2025)
0
Failed listings · 2014
peaked at 3 in 2007
0.6%/yr
Turnover rate
about 1 of 161 homes trade a year
Jon Brooks, founder of Momentum Realty
Jon's Current Read

Palm Terrace Gardens Unit 2 is a small, established pocket of Port Richey with homes dating from the mid-1940s through the mid-1980s and a median build year in the early 1970s. With only 161 homes in the community and a single closing in the most recent tracked window, this is not a market with a deep, constantly refreshing data set — pricing here has to be read house by house, based on condition and updates, rather than off a trend line.

For a seller, that thin closing volume means comps require real judgment, not a formula. For a buyer, it means patience and a close look at each listing pay off more than trying to time a market cycle that simply does not generate enough transactions to chart cleanly.

Best for

  • Buyers wanting a smaller, efficient home footprint rather than maximum square footage
  • Buyers comfortable evaluating condition property-by-property in an older housing stock
  • Buyers who do not need a homeowners association or built-in community amenities

Probably not for

  • Buyers who want a resort-style or amenity-rich community
  • Buyers relying heavily on a large, active comp set to validate pricing
  • Buyers seeking new or near-new construction

The market around Palm Terrace Gardens Unit 2

Palm Terrace Gardens Unit 2 is a small community — 16 recorded sales on file, most recently in 2014 — 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 Terrace Gardens Unit 2 specifically. Momentum Research analysis of MLS records.

If we were buying in Palm Terrace Gardens Unit 2 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 Palm Terrace Gardens Unit 2.

Best Buy
Buyers looking for a smaller-footprint, established home in Port Richey without a homeowners association amenity package driving the cost.
Biggest Risk
The thin closing history makes it harder to lean on recent comps, so pricing requires closer, home-by-home analysis.
Sweet Spot
Homes near the 1,475 sq ft median in solid original or lightly updated condition tend to be the easiest to price with confidence.
Avoid If
Skip this community if you are counting on shared amenities or a large, fast-moving comp pool to guide your offer.

An established, low-turnover pocket

The build years here span four decades, from 1945 to 1985, with the median landing in 1973. That range means the housing stock is not uniform — some homes will reflect original mid-century construction with little updating, others will have gone through one or more renovation cycles. Buyers should expect to evaluate each property on its own condition rather than assume a consistent baseline across the community.

At a median of 1,475 living square feet, homes here run on the smaller, efficient side rather than sprawling. Combined with a homestead share just over half, the pattern suggests a community where a meaningful portion of owners have settled in rather than flipped or rented short-term. No community amenities were identified from current MLS listings, so this reads as a straightforward residential subdivision rather than an amenity-driven one — value here is tied to the home and lot, not to shared facilities.

The location and the amenities are priced into every listing in Palm Terrace Gardens Unit 2. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

With so few recent closings to lean on, pricing a home correctly in Palm Terrace Gardens Unit 2 takes more than pulling a standard comp sheet — it takes someone willing to walk comparable streets, weigh condition and updates property by property, and price against reality rather than a thin average. That is the kind of groundwork we do before we ever suggest a number.

Palm Terrace Gardens Unit 2 in 15 seconds.

Best forBuyers looking for a smaller-footprint, established home in Port Richey without a homeowners association amenity package driving the cost.
Biggest advantageThe build-era spread means patient buyers can find either an original mid-century layout or a previously updated home within the same small community.
Biggest riskThe thin closing history makes it harder to lean on recent comps, so pricing requires closer, home-by-home analysis.
Sweet spotHomes near the 1,475 sq ft median in solid original or lightly updated condition tend to be the easiest to price with confidence.
Avoid ifSkip this community if you are counting on shared amenities or a large, fast-moving comp pool to guide your offer.

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 Palm Terrace Gardens Unit 2 sales matched to your home.

What is your Palm Terrace Gardens Unit 2 home worth?

Get a no-obligation home value based on real comparable sales in Palm Terrace Gardens Unit 2, 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 Palm Terrace Gardens Unit 2?
The Florida DOR 2025 assessment roll shows 161 homes in Palm Terrace Gardens Unit 2 (public records).
What share of Palm Terrace Gardens Unit 2 is owner-occupied?
52% of Palm Terrace Gardens Unit 2 parcels carry a homestead exemption on the 2025 Florida DOR roll, the owner-occupancy proxy in public records.
When were the homes in Palm Terrace Gardens Unit 2 built?
Homes in Palm Terrace Gardens Unit 2 were built between 1945 and 1985, with a median year built of 1973 (FL DOR 2025 roll).
Who is the best real estate agent for Palm Terrace Gardens Unit 2?
The best agent for Palm Terrace Gardens Unit 2 is one who actively works Port Richey 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 Palm Terrace Gardens Unit 2.
How do I find a top Port Richey real estate agent who knows Palm Terrace Gardens Unit 2?
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 Palm Terrace Gardens Unit 2 and the wider Port Richey area.
Can Momentum Realty connect me with an agent for Palm Terrace Gardens Unit 2?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Palm Terrace Gardens Unit 2 purchase or sale - no call center and no pressure.
Buyers wanting a smaller, efficient home footprint rather than maximum square footageExcellent fit
Buyers comfortable evaluating condition property-by-property in an older housing stockExcellent fit
Buyers who do not need a homeowners association or built-in community amenitiesExcellent fit
Buyers who want a resort-style or amenity-rich communityProbably not
Buyers relying heavily on a large, active comp set to validate pricingProbably not
Buyers seeking new or near-new constructionProbably not

Data sources & freshness

Housing stock & ownershipFlorida DOR 2025 assessment roll (street-list match (4 streets, ZIP 34668))
Under-contract sharesStellar MLS records, as of 2026-07-12
Historical depthClosed-sale records back to 2011 (7 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 your area comps.

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More 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.

Thinking of selling in Palm Terrace Gardens Unit 2? 1 recorded closings (window ending 2026-07-13). See the Pasco 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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