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Built in 1983 - 100 units - 2 floors

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Building Information

Terrace Palms

Number of units: 100
Active listings for rent: 3
Active listings for sale: 4
Building inventory for sale: 4%
Number of sales over the last 12 months: 3
Number of sales over the last 6 months: 1
Number of sales over the last 3 months: 1
Avg. time to close over last 12 months: 100 days

Address

5001-5048 Terrace Palms Cir, Tampa, Hillsborough, FL, 33510

Terrace Palms Condominium
Wise Property Management, Inc.
Property Manager: (813) 968-5665 ext 307

Link: https://www.terracepalms.us/Home/Contact

Recent Sales

Unit # Size Closing Date Sale Price PPSF
101 879 sq ft Feb 2026 $165,000 $188
202 879 sq ft Apr 2025 $161,700 $184
201 879 sq ft Mar 2025 $170,000 $193

Market Information

Building vs Area

Terrace Palms: $168/sq. ft.
Tampa: $300/sq. ft.

Area vs City

Tampa $300/sq. ft.
Hillsborough $227/sq. ft.

Inventory for sale

Tampa: 5%
Hillsborough: 5%

Avg. time to close over last 12 months

Terrace Palms 100 days
Tampa: 88 days
Hillsborough: 90 days