Palmetto Terrace
Homes for Sale in Clearwater, FL

Palmetto Terrace is a compact, owner-heavy enclave of mid-century Clearwater homes where the housing stock is older and smaller than the metro average, and where individual condition — not a neighborhood price tier — drives what a house is worth.

Stellar MLS sales records identify 28 homes in Palmetto Terrace that have changed hands since 2007, built between 1956 and 1987 (median 1973), with a median living area of about 1,326 sq ft and a typical 3-bedroom, 2-bath layout; 100% 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.

County records show 4 qualified sales in Palmetto Terrace across 2024–2024, median $375,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.

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.

Palmetto Terrace is too small for its own price trend, so here is the market around it.

In ZIP 33765, 54 homes are on the market and 22% are under contract — a steady corner of Clearwater.

Across Pinellas County, 6,539 homes are active and 1,627 pending (20% under contract).

In ZIP 33765 (Clearwater), 120 homes closed in the last 12 months at a median of $368K ($238/sq ft), up 6.6% year over year, with a median 50 days on market. Right now 29 active and 6 pending listings put supply at about 4.8 months — a balanced market. See the live ZIP 33765 housing market and the Pinellas County market.

ZIP and county figures describe the wider market, not Palmetto Terrace specifically. Momentum Research analysis of MLS records.

The defining trait here is age paired with stability. With a build range from 1950 to 1988 and a median year of 1970, most of these homes predate modern code, which puts roofs, electrical, plumbing, and windows squarely on the diligence list. The upside of that age is character and generally larger lots relative to living area; the downside is that deferred maintenance hides in plain sight. Budget for inspections and reserve for systems, and treat any recent renovation as a real, defensible part of the value.

Roughly 71% homestead occupancy tells you this is a live-in community rather than an investor churn zone, and the light recent closing activity reinforces that homes don't trade often. That combination means less directly comparable data and slower turnover — you may wait for the right listing, and when it lands, competition can be sharp for the ones that have already been updated.

Thin closing volume and a housing stock this old reward local read over algorithms. We price from condition and the handful of real comps that exist, help buyers separate a solid renovation from cosmetic lipstick on aging systems, and position sellers to capture the premium a genuinely updated home earns in a slow-turnover pocket like this.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.