Terrace Park Ph 03 Real Estate

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

Terrace Park Phase 03 boasts a variety of well-maintained homes, showcasing diverse architectural styles that cater to different preferences. The tree-lined streets are adorned with lush landscaping, creating a serene atmosphere that invites you to take leisurely strolls or enjoy a morning jog. With spacious yards and friendly neighbors, this subdivision fosters a strong sense of community, where residents can connect and create lasting friendships.

One of the standout features of Terrace Park is its proximity to essential amenities. Residents can easily access shopping centers, restaurants, and recreational facilities, ensuring that everything you need is just a stone's throw away. For outdoor enthusiasts, the nearby parks and nature trails provide ample opportunities for hiking, biking, and enjoying Florida's beautiful weather.

Families will appreciate the quality schools in the area, which are known for their dedicated staff and commitment to student success. Additionally, the community is conveniently located near major highways, making commuting to nearby cities a breeze.

Whether you're looking to settle down or invest in a property, Terrace Park Phase 03 is a hidden gem in Zephyrhills that promises a vibrant lifestyle in a welcoming environment. Come explore the possibilities and discover why so many have chosen to call this delightful subdivision home!

$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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