5038 TERRACE PALMS CIRCLE 202 Tampa, FL $ 133,000
5038 TERRACE PALMS CIRCLE 202
$ 133,000
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5038 TERRACE PALMS CIRCLE 202

Tampa, FL, 33617
$ 133,000
Bedrooms2 Baths2.0 Sq 879

Monthly Estimate*

$ 840

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Condo for sale in Tampa, FL

for $133,000 with 2 bedrooms and 2 full baths. This 879 square foot condo was built in 1983.

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!

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Condo Active

Price

$ 133,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 2,024

Style

Condominium

Year Built

1983

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

TB8535376

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Roof Shingle
Appliances Dishwasher Dryer Range Range Hood Refrigerator Washer
Zoning SPI-UC-3
HOA Fee 415
Association Fee Includes Maintenance Grounds Pool Maintenance Sewer Trash Water
Construction Materials Wood Frame
Pets Allowed Size Limit Yes
Year Built 1983
Levels One
Unit Number 202
Property Subtype Condominium
Tax Year 2025
Ownership Fee Simple
Community Features Clubhouse Community Mailbox Pool Sidewalks
HOA Fee 2 0
Assoc Fee Paid Per Monthly
County Hillsborough
New Construction false
Property Type Residential
Subdivision Name TERRACE PALMS CONDO
Facing Direction North
Garage Y/N false
Total Rooms 8
Full Baths 2
Status Active
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).
City TAMPA
Association Name Matthew O'Neil
Senior Community Y/N false
MLS Area 33617 - Tampa / Temple Terrace
Lot Size Units Square Feet
Lot Size Square Feet 2
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 2024.57
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8535376
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 00
Legal Description TERRACE PALMS CONDO UNIT NO B-21
Pet Size Limit Small (16-35 Lbs.)
Minimum Lease No Minimum
Water Access Y/N false
Monthly HOA Amount 415
HOA Monthly Maintenance 0
Water View Y/N false
Flood Zone Code X
In Law Suite YN false
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s) Kitchen/Family Room Combo
Flooring Linoleum Tile
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Laundry Closet
Total Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Sliding Doors
Water Source Public
Lot Size Area 2
Foundation Details Slab
Building Area Total 975
Lot Size Acres 0
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features

Affordability Calculator

$1,008
Per Month
83%
17%
0%
Monthly Principal & Interest
$840
Monthly Property Taxes
$169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/4/2026$133,000 Listed Price

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5038 TERRACE PALMS CIRCLE 202, Tampa, FL, 33617 is a Condo for sale at $133,000 with 879 sqft. 5038 TERRACE PALMS CIRCLE 202 has 2 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 33617 which is in Tampa, FL