Terraces
Homes for Sale in Celebration, FL
True comps, carrying-cost math, and listings before the portals.
Photo via Stellar MLS
Homes listed or recently sold were built 2001–2002; 8 of 10 report an HOA (median $119/mo); none of the 5 geocoded homes sit in a FEMA special flood hazard zone (median elevation 85 ft). As of September 2026, the MLS records 15 closed sales in Terraces/Celebration in Celebration, FL since 2015, the most recent in September 2025. Across Celebration as a whole, 156 homes closed in the last 12 months at a median of $838,974, 46 median days on market, with 38 homes for sale today. At that median and Osceola County's FY2025-26 rate of 15.23 mills, annual property tax runs about $12,780 ($12,180 with the full homestead exemption).
Terraces/Celebration is a small, tightly defined pocket of condominium-style product built in a narrow window between 2001 and 2006, with a median living area right around 1,400 square feet. What sets price here is condition and interior updates rather than square footage or vintage — the homes are close enough in age and size that the spread comes down to how well an individual unit has been maintained and finished.
With just 14 homes in the segment and only recent closings to read from, this is a thin market where a single sale can move the perceived benchmark. Sellers should price to condition and be patient; buyers should expect to underwrite each unit on its own merits rather than assume the last comp defines the next one.
The 60-Second Overview
This is a compact, uniform enclave within Celebration in Osceola County — homes cluster in age and footprint, so the meaningful differences show up in finishes and upkeep rather than floor plans. About half the homes here carry a homestead exemption, a mix of owner-occupied and non-owner-held units.
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.
The setting & the homes.
Aerial and on-site photos of Terraces. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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TerracesPhotos from Stellar MLS listings in Terraces; content deemed reliable but not guaranteed.
Who Terraces is best for.
Best for
- Buyers seeking a compact, roughly 1,400-square-foot home with minimal upkeep
- Second-home purchasers wanting a foothold inside Celebration
- Value-focused buyers willing to underwrite a single unit on its condition
Probably not for
- Buyers needing substantially more than 1,400 square feet
- Those wanting a wide selection of floor plans and vintages
- Buyers who need deep comp data and heavy transaction volume to feel confident
The market around Terraces
Terraces is too small for its own price trend, so here is the market around it.
In ZIP 34747, 1,258 homes are on the market and 12% are under contract — a slower corner of Celebration.
Across Osceola County, 4,423 homes are active and 1,079 pending (20% under contract).
ZIP and county figures describe the wider market, not Terraces specifically. Momentum Research analysis of MLS records.
Terraces Celebration Market Scorecard
Terraces Celebration is currently a strong seller's market. About 1.5 months of supply, a median asking price of $304,900, and homes go under contract in about 75 days.
Typical home value in the 34747 ZIP is $400,438, about 3.4% below 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.
Homes For Sale Right Now in Terraces
Live MLS inventory for Terraces. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Terraces listings as of 2026-09-12, priced high to low. Based on Stellar MLS data distributed by MLS GRID for the period 2015 through 2025. Tap any home to ask about it.
Terraces on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Stellar MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Osceola County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Celebration K-8 · Elementary
- Celebration K-8 · Middle
- Celebration High · High
Zoned schools reflect the assignments reported on recent Terraces listings and can change; always confirm with Osceola County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Terraces address.
The Terraces buying strategy.
If we were buying in Terraces 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 Terraces.
A uniform segment where condition is the variable
The building years are bunched between 2001 and 2006, with a median around 2002, and the median living space sits just under 1,400 square feet. That consistency is useful: you are comparing like against like, so a buyer can focus on the specifics of a given unit — kitchens, baths, mechanicals — instead of reconciling wildly different products.
The roughly even split between homestead and non-homestead ownership tells you this pocket serves both owner-occupants and investor or second-home use. That matters for a seller reading demand and for a buyer weighing how a unit has been lived in and maintained.
The location and the amenities are priced into every listing in Terraces. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a 14-home segment, comps are scarce and a single closing can skew the read. We price and negotiate off the actual condition of each unit and the thin recent data, not off a headline number, so you are not overpaying or underlisting because of one outlier sale.
Terraces 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 Terraces 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 Terraces sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terraces, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terraces home worth?
Get a no-obligation home value based on real comparable sales in Terraces, 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 Celebration →
Should you buy in Terraces?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Terraces with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: September 12, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-09-08 |
| Historical depth | Closed-sale records back to 2015 (15 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.
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See how Terraces/Celebration fits the bigger picture — live prices, inventory, and Momentum Scores: