terrace park 01
Homes for Sale in Wesley Chapel, FL
True comps, carrying-cost math, and listings before the portals.
Terrace Park 01 is a smaller pocket of Wesley Chapel — roughly 120 homes built between 1967 and 2005, with the middle of the pack dating to the mid-1980s. At a median of $135,250 and about $132 per square foot on homes averaging just over 1,300 living square feet, this is one of the more accessible entries in the area. Price here is driven far more by condition and updates than by size or location, and with a stock this old you should expect a wide spread between turnkey and project homes selling under the same median.
The market posture is patient, not hot. Year-over-year the median is essentially flat at 0.2%, and homes are sitting a median of just under 80 days before going under contract. That is a slow clock. For buyers, it means room to inspect, negotiate, and walk away without pressure. For sellers, it means pricing to condition and being realistic about time on market — the number of recent closings is thin, so a single mispriced listing lingers.
terrace park 01 right now
🟡 Still climbing. The trailing-12-month median ($135K) is up 0.2% from the prior 12 months ($135K). With about 3 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending July 15. Confidence: Low (4 and 5 sales in the two windows).
What's unique here: the median sale price is about 60% below the typical Pasco County sale ($135K vs $340K, trailing 12 months, Stellar MLS records).
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Updated July 15, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
terrace park 01 market snapshot (as of July 15, 2026): the median sale price is about $135K ($132 per sq ft over the trailing 12 months of closed sales), and a median 80 days on market for closed sales. The trailing-12-month median is up 0% from the prior 12 months, computed from record-level Stellar MLS closed sales (4 closings in the current window).
terrace park 01 is a community of 120 homes in Wesley Chapel, Pasco County, built between 1967 and 2005 (median 1985.0), with a median living area of about 1,314 square feet. 62% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
A compact, older Wesley Chapel enclave in Pasco County where value tracks condition, not square footage. With a flat median and a slow days-on-market clock, it rewards patience on both sides of the table.
Who terrace park 01 is best for.
Best for
- Value-focused buyers targeting an accessible price point around the mid-$130s who will inspect carefully
- Buyers with a renovation budget willing to take on an older home and add value through updates
- Long-hold owner-occupants comfortable with a slow, steady market rather than quick turnover
Probably not for
- Buyers who need turnkey, new-construction finishes with no project work
- Sellers who need to close fast in a market where homes sit near 80 days
- Investors chasing rapid appreciation — the median is essentially flat year-over-year
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($135K) IS the median in the snapshot above, and the move from 2025 ($135K) IS the +0.2% one-year change.
Windows contain 0 to 9 sales each (4 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
The terrace park 01 buying strategy.
If we were buying in terrace park 01 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 park 01.
Condition is the whole story
With homes ranging from 1967 to 2005 and a median build year in the mid-1980s, the difference between two listings at similar prices can be enormous. Roof age, HVAC, plumbing, and any updating done over the decades will explain most of what you see. The median around $132 per square foot is a starting reference, not a rule — a renovated home and a dated one can sit on opposite sides of that figure. Order inspections early and read them carefully.
The homestead share is about 63%, meaning most homes here are owner-occupied rather than turned over quickly, which fits the slow, steady pace. The recent closing count is small, so comps are limited. That thinness cuts both ways: it makes pricing an art, and it makes a well-prepared listing or a well-researched offer stand out more than in a high-volume market.
The location and the amenities are priced into every listing in terrace park 01. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in terrace park 01 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 3 factors (5.1). Basis: Recent Direction +0.2% year-over-year; Owner Commitment 62% owner-occupied; Pricing Power 89.6% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market this thin and this condition-driven, comps alone will not get you to the right number — you need someone who has walked the homes and can read what the inspection report actually means for value. We price to condition, not to a per-square-foot shortcut, and with a slow days-on-market clock we build negotiating strategy around the time you actually have. That is the work here.
terrace park 01 in 15 seconds.
HOA, CDD & Fees
- 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.
Tools for a terrace park 01 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 park 01 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in terrace park 01, 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 park 01 home worth?
Get a no-obligation home value based on real comparable sales in terrace park 01, 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 terrace park 01 on the map →
Frequently Asked Questions
What is the median home price in terrace park 01?
How long do homes in terrace park 01 take to sell?
How many homes are in terrace park 01?
What share of terrace park 01 is owner-occupied?
When were the homes in terrace park 01 built?
Do cash buyers compete in terrace park 01?
Who is the best real estate agent for terrace park 01?
How do I find a top Wesley Chapel real estate agent who knows terrace park 01?
Can Momentum Realty connect me with an agent for terrace park 01?
Should you buy in terrace park 01?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (4 streets, ZIP 33543)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2014 (34 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.
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