Terrace Lake
Homes for Sale in Clearwater, FL
All 1,140 homes for sale in Clearwater, FL · median $284,950 · Pinellas County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of September 2026, the MLS records 9 closed sales in Terrace Lake Add in Clearwater, FL since 2007, the most recent in July 2026. Across Clearwater as a whole, 1,267 homes closed in the last 12 months at a median of $315,000, 49 median days on market, with 393 homes for sale today. At that median and Pinellas County's FY2025-26 rate of 19.39 mills, annual property tax runs about $6,110 ($5,290 with the full homestead exemption).
Terrace Lake Add doesn't carry a lot of standalone market data at the moment, and that itself is the read: this is a small, quiet pocket of Clearwater where pricing gets set home by home rather than by a well-worn comp set. Condition, lot, and updates will move the needle more than any neighborhood-wide trend.
For a buyer, that means doing the legwork on the individual property instead of leaning on community averages. For a seller, it means the listing itself, not the subdivision name, has to do most of the persuading.
Nearby homes for sale
No active listings inside Terrace Lake Add right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Terrace Lake Add is a Clearwater community in Pinellas County with no community amenities identified from current MLS listings, suggesting this is a straightforward residential pocket rather than an amenity-driven development.
Stellar MLS sales records identify 14 homes in Terrace Lake that have changed hands since 2012, built between 1955 and 1964 (median 1956), with a median living area of about 1,456 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.
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 Terrace Lake is best for.
Best for
- Buyers prioritizing a Clearwater location over community amenities
- Buyers comfortable evaluating a home on its individual merits rather than a neighborhood amenity package
- Buyers who want a straightforward residential setting in Pinellas County
Probably not for
- Buyers who want resort-style or clubhouse amenities included in the community
- Buyers who rely heavily on published neighborhood-level price trends before making a decision
- Buyers seeking a large-scale planned development with organized common areas
The market around Terrace Lake
Terrace Lake is too small for its own price trend, so here is the market around it.
In ZIP 33765, 48 homes are on the market and 21% are under contract — a steady corner of Clearwater.
Across Pinellas County, 6,628 homes are active and 1,729 pending (21% under contract).
In ZIP 33765 (Clearwater), 120 homes closed in the last 12 months at a median of $368K ($238/sq ft), up 6.1% year over year, with a median 50 days on market. Right now 24 active and 6 pending listings put supply at about 4.5 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 Terrace Lake specifically. Momentum Research analysis of MLS records.
The Terrace Lake buying strategy.
If we were buying in Terrace Lake 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 Terrace Lake.
A neighborhood you evaluate house by house
Without an amenity package or a deep run of recent listing data attached to the name, Terrace Lake Add reads as a conventional, established residential subdivision. That's not a knock, it just changes how you shop it: there's no clubhouse or gated feature carrying part of the value, so what you're paying for is the house, the lot, and the location itself.
Practically, that puts more weight on a direct walkthrough and a tight comp pull at the time you're ready to move, rather than relying on broad neighborhood-level figures. In a community this size, one or two recent sales can shift what 'typical' even means.
The location and the amenities are priced into every listing in Terrace Lake. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a small subdivision with thin standalone data, the value we add is doing the comp work manually, pulling actual nearby closed and active listings, checking condition and lot specifics, and telling you plainly if a listed price is aligned with what's really happening on the ground in Terrace Lake Add rather than what a generic algorithm might guess.
Terrace Lake 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 Terrace Lake 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 Terrace Lake sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Lake, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Lake home worth?
Get a no-obligation home value based on real comparable sales in Terrace Lake, 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 all homes for sale in Clearwater →
Should you buy in Terrace Lake?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 14, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2007 (9 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 local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Terrace Lake Add fits the bigger picture — live prices, inventory, and Momentum Scores:
Common questions about Terrace Lake
Where is Terrace Lake?
Terrace Lake is a community in Clearwater, Pinellas County, Florida, ZIP 33765.
Are there homes for sale in Terrace Lake right now?
No active listings inside Terrace Lake at the last feed refresh. The nearest homes for sale, with distances from the community, are shown on this page and refreshed nightly.
Does Terrace Lake have an HOA or CDD?
No HOA is on record for Terrace Lake in our data. Verify dues, what they cover, and any special assessment for a specific address before you offer.
Answers are generated from county property records, MLS feeds and the figures on this page, as of the page date; deemed reliable but not guaranteed.
Nearby Communities
Explore more neighborhoods near Terrace Lake with Momentum Realty’s local guides.
Terrace Lake Add Market Scorecard
Terrace Lake Add is currently a no active listings market. Limited supply, a median asking price of n/a.
Typical home value in the 33765 ZIP is $354,448, about 14.8% above the Florida norm (Zillow Home Value Index).
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: realMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.