Terrace Park Ph 03 Real Estate

Welcome to Terrace Park Phase 03, a delightful subdivision nestled in the heart of Zephyrhills, Florida, within the charming Pasco County. This vibrant community offers a perfect blend of suburban tranquility and convenient access to urban amenities, making it an ideal place for families, retirees, and everyone in between.

Terrace Park Phase 03 is characterized by its beautifully landscaped streets, well-maintained homes, and a strong sense of community. Residents enjoy spacious properties that provide ample outdoor space for gardening, play, or simply relaxing under the warm Florida sun. The neighborhood is known for its friendly atmosphere, where neighbors become friends and community events foster connections.

One of the standout features of Terrace Park is its proximity to local parks and recreational facilities. Outdoor enthusiasts will appreciate the nearby Zephyr Park, which offers walking trails, picnic areas, and playgrounds, perfect for family outings. Additionally, the community is just a short drive from the bustling downtown area, where you can explore local shops, restaurants, and cultural attractions.

For those who commute, Terrace Park Phase 03 provides easy access to major highways, connecting you to the greater Tampa Bay area and beyond. With its blend of comfort, convenience, and community spirit, Terrace Park Phase 03 is not just a place to live; it’s a place to thrive. Come discover your new home in this inviting subdivision, where every day feels like a vacation!

$212,000

5 Beds ⋅ 3 Baths ⋅ Terrace Park Ph 03 SubDv. ⋅ 33543 Zip Code

Short Sale. INVESTOR SPECIAL — Short Sale — 5BR/3BA Value-Add Opportunity in Wesley Chapel Calling all investors: this 2,232 sq ft, 5-bedroom, 3-bath home in the heart of Wesley Chapel is a rare high-bedroom-count value-add play in one of Pasco County's fastest-growing corridors. Situated on a fee-simple owned corner lot (0.21 acres, no land lease), this 2001-built home offers a split floorplan, vaulted ceilings, and an oversized primary suite with private en-suite bath. Medium rehab opportunity — priced accordingly. No major systems need replacement — the roof and 5-ton HVAC system are in good working condition. Whole-house mold remediation is needed, and a professional moisture report is available upon request for buyer due diligence. Scope of work includes plumbing repairs, drywall, paint, sub-floor repair in select areas, whole-house flooring, some cabinetry, and interior doors — primarily cosmetic and interior scope rather than structural or major mechanical. 2021 updates to the kitchen and baths (granite counters, solid wood soft-close cabinetry, stainless appliances) remain in place. Electric water heater replaced 2023. Short sale — all offers submitted to the lender for review. Cash or hard money preferred; home will not qualify for conventional FHA financing in current condition. Low HOA ($15/mo), no CDD, minimum lease term of 1-2 years supports a stable long-term rental exit strategy in a strong rental submarket near shopping, dining, top-rated schools, and major commuter routes (Bruce B. Downs Blvd, I-75). Short sale approval process underway — seller motivated, agent responsive. Submit offers now; marketing period is limited.

3518 Kiah Drive, Wesley Chapel

Terrace Park Ph 03 Real Estate

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