5038 Terrace Palms Circle #202, Tampa, FL 33617 - Photo 1

1/1

$112,500

Sold
Closed
Condo
2 Beds
2 Full Baths
879 Sq. Ft.

1/1

Property Description

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!

Full Property Details

Full Property Details for 5038 Terrace Palms Cir #202

General

Sold For: $112,500
HOA FEE: $415/month
Taxes: $2,024 (2025)
Status: Closed
Type: Condo
Source: MidFloridaRegionalMLS
MLS ID: TB8535376
Added to Site: 62 day(s) ago

Rental Information

Min. Lease: No Minimum

Interior

Number of Rooms: 8
Interior Features: Ceiling Fan(s), Kitchen and Family Room Combination
Appliances: Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
Furnishings: Unfurnished
Flooring: Linoleum, Tile

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Bedrooms

Total Bedrooms: 2

Other Rooms

Laundry: Laundry Closet

Exterior

Exterior Features: Sliding Doors

Location

Area: 33617 - Tampa / Temple Terrace
County: Hillsborough
Development Name: 33617 - Tampa / Temple Terrace
Subdivision: TERRACE PALMS CONDO
Driving Directions: Located across from USF Campus, on 50th Street between Fowler and Fletcher Ave - Community Name is Terrace Palms Condominium - Builidng B (back left side of the community).
Direction Faces: North

Community

Community Name: 33617 - Tampa / Temple Terrace
Community Features: Clubhouse, Community Mailbox, Pool, Sidewalks
Association: Yes
Assoc. Name: Matthew O'Neil
Assoc. Fees Include: Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
Pet Restrictions: Oly a unit owner has the right to keep pets (including birds and fish). Must have been owned prior to the passion of the unit. No pets are permitted unless authorized by the Association, / 20lbs.

Heating & Cooling

Cooling Type: Central Air
Heating Type: Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Structural Information

Exterior Const.: Wood Frame
Roof: Shingle
Stories/Levels: One
Square Feet: 879
Sq. Ft. Source: Public Records
Living Area: 879 Sq. Ft.
Year Built: 1983

Lot Features

Lot Size (Sq. Ft.): 2
Lot Size: 2
Street/Road Desc.: Asphalt

Financial Considerations

Association Fee: $415
Assoc Fee Freq.: Monthly
Assoc Fee Desc.: Required
Tax Amount: $2,024.57
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: None
Legal Description: TERRACE PALMS CONDO UNIT NO B-21
Flood Zone Info: X
APN: U1028191HB00000000B21.0
Property ID: U1028191HB00000000B21.0

Listed by Gold Real Estate Solutions
Sold by Real Broker, Llc

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Schools

Schools serving 5038 Terrace Palms Cir #202

School District:Hillsborough County School District

Name	Grades	Distance
Pizzo K-8 School 11701 Usf Bull Run St, Tampa, FL 33617	PK-8	0.3 mi
Greco Middle School 6925 East Fowler Avenue, Temple Terrace, FL 33617	6-8	1.6 mi
King High School 6815 North 56th Street, Tampa, FL 33610	9-12	3.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5038 Terrace Palms Cir #202

Date

Details

Price

Change

Source

9/16/2026

Sold

$112,500

-15.41%

MLS

8/03/2026

Listed

$133,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Condo
Active
Updated 2 days ago

2
Beds
3
Total Baths
1,250
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Updated 5 days ago

5
Beds
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Price Reduced

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Active
Updated 5 days ago

3
Beds
1
Total Bath
1,029
Sq. Ft.

Listed by Dalton Wade Inc

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Price Reduced

-$20,000 (-4.04%)

$475,000

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Active
Updated 3 days ago

4
Beds
2
Total Baths
1,773
Sq. Ft.

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$126,500

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Condo
Closed

2
Beds
2
Total Baths
879
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2
Beds
2
Total Baths
1,132
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$100,000

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Lots/Land
Closed

0.4
Acres

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$107,000

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Condo
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1
Bed
2
Total Baths
800
Sq. Ft.

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5038 Terrace Palms Circle #202, Tampa, FL 33617 (MLS# TB8535376) is a Condo property that was sold at $112,500 on September 16, 2026. Want to learn more about 5038 Terrace Palms Circle #202? Do you have questions about finding other Condo real estate for sale in Tampa? You can browse all Tampa real estate or contact a Coldwell Banker agent to request more information.

5038 Terrace Palms Cir #202 Tampa, FL 33617