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$159,999

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 879 Sq. Ft.
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Investment opportunity with tenant in place generating $1,500/month! Welcome to the Terrace Palms Community and this beautifully renovated 2-bedroom, 2-bath condo, offering the perfect blend of cash flow and modern comfort.This updated unit features luxury vinyl plank flooring throughout the living room, kitchen, dining area, bedrooms, and walk-in closets, with ceramic tile in both bathrooms. The upgraded kitchen showcases stainless steel appliances, granite countertops, crisp cabinetry. Renovations have been completed in a tasteful, neutral palette, making the space appealing to both tenants and future owners. Enjoy an open back patio with serene green space views, along with an assigned parking space and guest parking. The unit also includes a private washer and dryer for added convenience.Ideally located near USF, Busch Gardens, AdventHealth, the VA Hospital, Moffitt Cancer Center, and major Tampa employers, with easy access to I-75 and I-275 for effortless commuting. Strong rental demand makes this a prime choice for investors.Maintenance-free living with HOA coverage that includes exterior maintenance, grounds, trash, and community amenities. Whether you're seeking a turnkey investment, a future primary residence, or a low-maintenance lifestyle, this condo is available now and ready to perform.

Full Property Details for 5040 Terrace Palms Cir #102

General

  • Price: $159,999
  • HOA FEE: $415/month
  • Taxes: $1,878 (2024)
  • Status: Active
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8471874
  • Updated: 2/3/2026
  • Added to Site: 19 day(s) ago

Rental Information

  • Min. Lease: 1-2 Years

Interior

  • Number of Rooms: 4
  • Interior Features: Living Room/Dining Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Laundry Closet, Same Floor As Condo Unit

Exterior

  • Exterior Features: Sidewalk, 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 -
  • Direction Faces: East

Community

  • Community Name: 33617 - Tampa / Temple Terrace
  • Community Features: Pool, Sidewalks
  • Association: Yes
  • Assoc. Name: WESTCOAST MANAGEMENT
  • Assoc. Fees Include: Community Pool, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Pet Restrictions: Contact HOA

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

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

Structural Information

  • Exterior Const.: Stucco
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 879
  • Sq. Ft. Source: Public Records
  • Year Built: 1983

Lot Features

  • Lot Size (Acres): 0.02
  • Lot Size (Sq. Ft.): 874
  • Lot Size: 874
  • Street/Road Desc.: Paved

Financial Considerations

  • Association Fee: $415
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Tax Amount: $1,878.07
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: TERRACE PALMS CONDO UNIT NO B-13
  • Flood Zone Info: X
  • APN: U1028191HB00000000B13.0
  • Property ID: U1028191HB00000000B13.0

Listed by Future Home Realty Inc

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Listing agent

— 5040 Terrace Palms Cir #102 —

  • Future Home Realty Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5040 Terrace Palms Cir #102

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5040 Terrace Palms Cir #102 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/02/2026
Listed
$159,999
75.82%
MLS
12/17/2018
Sold
$91,000
—
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 5040 Terrace Palms Cir #102

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,098
12%
$125,389
-2%
2024
$1,878
8%
$127,529
6%
2023
$1,742
27%
$120,850
50%
2021
$1,376
-13%
$80,316
-26%
2022
$1,586
15%
$108,088
63%
2021
$1,376
7%
$66,447
2%
2019
$1,284
24%
$65,462
8%
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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NMLS#: 1598647

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Listed by Future Home Realty Inc

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5040 Terrace Palms Circle #102, Tampa, FL 33617 (MLS# TB8471874) is a Condo property with 2 bedrooms and 2 full bathrooms. 5040 Terrace Palms Circle #102 is currently listed for $159,999 and was received on February 02, 2026. Want to learn more about 5040 Terrace Palms Circle #102? 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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