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$133,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 879 Sq. Ft.
  • Updated 8 days ago
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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 for 5038 Terrace Palms Cir #202

General

  • Price: $133,000
  • HOA FEE: $415/month
  • Taxes: $2,024 (2025)
  • Status: Pending
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8535376
  • Updated: 8/8/2026
  • Added to Site: 17 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
  • 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

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— 5038 Terrace Palms Cir #202 —

  • Gold Real Estate Solutions

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5038 Terrace Palms Cir #202

School District:Hillsborough County School District
NameGradesDistance
Pizzo K-8 School
11701 Usf Bull Run St, Tampa, FL 33617
PK-80.3 mi
Greco Middle School
6925 East Fowler Avenue, Temple Terrace, FL 33617
6-81.6 mi
King High School
6815 North 56th Street, Tampa, FL 33610
9-123.4 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/03/2026
Listed
$133,000
56.84%
MLS
7/22/2020
Sold
$84,800
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5038 Terrace Palms Cir #202

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,025
12%
$113,990
-2%
2024
$1,814
8%
$115,935
6%
2023
$1,681
26%
$109,864
50%
2021
$1,333
-13%
$73,014
-26%
2022
$1,531
15%
$98,262
63%
2021
$1,333
24%
$60,406
19%
2019
$1,072
4%
$50,914
-16%
2018
$1,032
14%
$60,385
28%
2017
$903
12%
$47,067
23%
2016
$807
7%
$38,252
10%
2015
$751
3%
$34,775
3%
2014
$727
7%
$33,788
7%
2013
$678
—
$31,534
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Gold Real Estate Solutions

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5038 Terrace Palms Circle #202, Tampa, FL 33617 (MLS# TB8535376) is a Condo property with 2 bedrooms and 2 full bathrooms. 5038 Terrace Palms Circle #202 is currently listed for $133,000 and was received on August 03, 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.

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