Terrace Gables
Homes for Sale in Tampa, FL

Terrace Gables is a 454-home neighborhood in Hillsborough County built out over more than a century, so the character shifts block to block between original bungalows and later infill. With roughly 52% of homes homesteaded, it reads as a settled, owner-occupied area rather than a churn-heavy one.

Stellar MLS sales records identify 41 homes in Terrace Gables that have changed hands since 2004, built between 1925 and 2019 (median 1977), with a median living area of about 1,250 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 24 qualified sales in Terrace Gables across 2024–2025 (17 in 2024, 7 in 2025), median $300,000 — 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.

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

In ZIP 33612, 168 homes are on the market and 23% are under contract — a steady corner of Tampa.

Across Hillsborough County, 6,324 homes are active and 1,810 pending (22% under contract).

In ZIP 33612 (Tampa), 261 homes closed in the last 12 months at a median of $335K ($251/sq ft), up 12.6% year over year, with a median 27 days on market. Right now 75 active and 30 pending listings put supply at about 3.1 months — a healthy market. See the live ZIP 33612 housing market and the Hillsborough County market.

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

The defining feature here is age spread. A median year built of 1963 with a range from 1910 to 2022 means you are shopping across generations of construction under one neighborhood name. Expect to see original wood-frame homes, mid-century blocks, and the occasional modern rebuild. That variety is an opportunity for a buyer who knows how to read a house, and a trap for one who assumes the listing next door sets the value.

Footprints are compact, with a median around 1,352 square feet, so square-footage additions and quality renovations move the needle more than in a tract subdivision of uniform homes. The homestead share just above half signals a neighborhood held by long-term owners, which tends to mean tighter inventory and homes that come to market on the owner's timeline rather than in waves.

In a neighborhood this varied, the wrong comp can cost you real money on either side of the table. We underwrite each home on its own merits — age, systems, renovation quality, and true livable footprint — instead of leaning on a neighborhood average that hides more than it reveals. With no recent closings to anchor to, that discipline matters more, not less.

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