5038 TERRACE PALMS CIRCLE
TAMPA, FL 33617
About this home
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!
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 879 sqft
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Linoleum, Tile
- Stories
- 1
- Features
- Ceiling Fans(s), Kitchen/Family Room Combo
- Appliances
- Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
Exterior & lot
- Lot size
- 2 sqft (0 ac)
- Roof
- Shingle
- Construction
- Frame
- Exterior
- Sliding Doors
Financial
- HOA dues
- $415 / monthly
- Annual tax
- $2,025 (2025)
- Price / sqft
- $151/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Property
- Property type
- Condo
- Year built
- 1983
- Subdivision
- TERRACE PALMS CONDO
- County
- Hillsborough
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR801743930
- Source
- Stellar MLS
Listed by Richard Miller · GOLD REAL ESTATE SOLUTIONS
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 31 comparable sales within 1 mile of TAMPA, FL. priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $708/mo
- Property tax
- $100/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price historySample data
Reference timeline for $133,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-08 | Listing updated | $133,000 | — |
| 2026-03 | Price changed | $133,000 | −$7,980 |
| 2025-12 | Listed | $140,980 | — |
NeighbourhoodSample data
Reference scores for TAMPA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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