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5038 TERRACE PALMS CIRCLE UNIT 202

Condo/Co-op Recently Sold
$112,500

BTC: 1.35313928

ETH: 42.45283019

Sold on: 2026-09-16
4 days
2 bds
2 ba
879 sqft

Overview

Bring your vision and unlock the possibilities in this well-located 2-bedroom, 2-bathroom second-floor condo at Terrace Palms Condominium. Whether you’re a first-time homeowner, an investor searching for a rental near USF, or looking to downsize into a manageable home, this property offers an exciting opportunity at an attractive price point. The unit features updated tile flooring throughout most of the living areas, a kitchen with a one-year-old refrigerator, and generously sized walk-in closets that provide impressive storage for the square footage. The primary bedroom offers a private retreat with an attached en-suite bathroom. Step outside onto the private balcony and enjoy peaceful views overlooking the community courtyard. Residents of Terrace Palms also have access to desirable amenities, including a community pool and club room, creating additional space to relax, gather, and entertain. For buyers ready to add their personal touch, the layout offers exciting renovation potential. Imagine opening the kitchen into the living room to create a spacious, open-concept great room—perfect for modern living, entertaining, and adding value over time. Conveniently located just minutes from Busch Gardens and the University of South Florida, with downtown Tampa approximately 20 minutes away, this condo places shopping, dining, entertainment, education, and employment centers within easy reach. Affordable, versatile, and full of potential, this Terrace Palms condo is ready for its next chapter. Come see how you can transform it into the home or investment you’ve been looking for!

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1983
Lot:
2 Square Feet
Heating:
Electric
Price/sqft:
$151
Cooling:
Central Air
HOA:
$415

Valuation

Our model vs. what's actually selling nearby.
Estimate
$126,250
$95K – $162K
Confidence Low
List vs. estimate
$6K above estimate
List $133,000 · +5.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$151
-32.9% vs. city median $225
Based on
16 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,024
2025
HOA
$415/mo
Maintenance Grounds, Pool Maintenance, Sewer
Pets
Allowed
All facts and features
  • Flooring

    • Linoleum

    • Tile

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Sliding Doors

    Lot

    • Lot: 2 Square Feet

    Other Property Information

    • Parcel Number: U1028191HB00000000B21.0

    • Zoning: SPI-UC-3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $415

    • HOA Frequency: Monthly

    • Annual tax amount: $2,025

  • Source details

    • MLS ID: TB8535376

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Laundry Closet

    • Direction Faces: North

    • Living Area: 879

    • Water Source: Public

    • Subdivision Name: TERRACE PALMS CONDO

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: GOLD REAL ESTATE SOLUTIONS