Terrace Park Ph 03 Real Estate

Welcome to the charming subdivision of Terrace Park Ph 03, nestled in the heart of Zephyrhills, Pasco County, Florida. This sought-after community offers a serene and family-friendly atmosphere, making it the perfect place to call home.

Terrace Park Ph 03 is known for its well-maintained streets, lush green spaces, and a strong sense of community. Residents here enjoy the convenience of being close to top-rated schools, shopping centers, dining options, and recreational facilities.

The properties in Terrace Park Ph 03 are a mix of single-family homes with spacious yards, perfect for families looking for room to grow. With a variety of architectural styles to choose from, there is something to suit every taste and lifestyle.

Nature enthusiasts will appreciate the proximity to parks, nature trails, and outdoor activities, allowing residents to enjoy the beautiful Florida weather year-round.

Whether you are looking to raise a family, retire in a peaceful setting, or simply enjoy the best that Florida has to offer, Terrace Park Ph 03 is a community that has it all. Come and discover why so many people are proud to call this neighborhood home.

Newest Listings in Terrace Park Ph 03

$212,000

5 Beds ⋅ 3 Baths ⋅ Terrace Park Ph 03 SubDv. ⋅ 33543 Zip Code ⋅ TB8511557 MLS ⋅ Active Status

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, Zephyrhills

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