5038 TERRACE PALMS CIRCLE UNIT 202, TAMPA, FL, 33617
Pending12 days on marketListed Aug 3, 2026MLS #TB8535376
About this home
5038 TERRACE PALMS CIRCLE UNIT 202
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
The home at a glance
2
Bedrooms
2
Bathrooms
879
Sqft
0 ac
Lot size
1983
Year built
One
Levels
$151
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$1,585 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,585/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−7.8%
$/sqft vs Tampa actives
$151 vs $301
Days on market
12 vs 42 typical
Where $151/sqft sits among the 400 Tampa actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Tampa
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tampa. See the full Tampa guide →
The numbers that matter
The Tampa market
$413K → $439K
Tampa median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
206 of 400
Tampa actives have cut their price
Median sold price, Tampa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 70% below the Tampa median. See the full Tampa market guide →
Paper trail
This home's history
Reality check
What actually sold near 5038 TERRACE PALMS CIRCLE UNIT 202
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$145,000
5019 TERRACE PALMS CIRCLE UNIT 101 · same community
2 bd · 2 ba · 879 sqft · $165/sqft · 0 DOM
Sold · Jun ’26$160,000
5052 TERRACE CLUB LANE UNIT 201 · same community
2 bd · 2 ba · 879 sqft · $182/sqft · 26 DOM
Sold · Jan ’26$165,000
5013 TERRACE PALMS CIRCLE UNIT 101 · same community
2 bd · 2 ba · 879 sqft · $188/sqft · 197 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Julian Rivera
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 5038 TERRACE PALMS CIRCLE UNIT 202 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5038 TERRACE PALMS CIRCLE UNIT 202 — before you fall in love.
See it in person
Schedule a tour
Live availability from Julian's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5038 TERRACE PALMS CIRCLE UNIT 202 FAQs
What would the monthly payment be for 5038 TERRACE PALMS CIRCLE UNIT 202?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,585/mo — principal and interest, the actual property-tax bill, the $415/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5038 TERRACE PALMS CIRCLE UNIT 202?+
The association fee works out to $415 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5038 TERRACE PALMS CIRCLE UNIT 202?+
The most recent tax bill on record (2025) was $2,025. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5038 TERRACE PALMS CIRCLE UNIT 202?+
The listing reports pets: Size Limit, Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Tampa?+
At $133,000, this home is listed about 70% below the Tampa median of $449,900. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of GOLD REAL ESTATE SOLUTIONS · Richard Miller. MLS #TB8535376.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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