Terrace River market snapshot (as of June 25, 2026): the median sale price is about $375K ($168 per sq ft), with homes averaging 22 days on market and 12.0 months of supply, a buyer-leaning market (limited data). Based on 2 recent closings in live Stellar MLS data.
Terrace River is a master-planned residential community in Temple Terrace, on the east bank of the Hillsborough River, governed by the Terrace River Master Association (Terrace River Master Association, 2026). It was developed across several recorded phases, including the parcel recorded as Terrace River Ph 1, and mixes townhomes and homes near the University of South Florida and I-75.
Listing and community guides describe Terrace River as offering townhomes, including three and four bedroom plans, with many two-story units (Temple Terrace real estate guides, 2026). Floor plans, square footage, and product type vary by phase and address, so confirm the exact home type, size, bedroom count, and phase for any specific listing rather than assuming a single product.
Because this is a master-planned community with an association, the money is made or lost on the association, the river and flood picture, the phase, and the specific home, not just the address. The drivers are the master association dues and what they cover, the amenity condition, the FEMA flood zone and elevation on a river setting, and the condition and updates of the individual unit, all of which have to be read from the association documents and an insurance quote for the exact address.
The pitch is a riverside Temple Terrace address with amenities: the Hillsborough River and community fishing, tennis and basketball courts, the nearby TerraceHill Golf Club, Riverhills and Woodmont parks, and quick access to USF, I-75, downtown Tampa, and Ybor City. The work is the diligence: read the master association budget and rules, quote insurance, and confirm the flood zone and any river setbacks before you buy the river view.
