Terrace Park Ph 03 Homes with Deed Restrictions Community Extras

Welcome to Terrace Park Ph 03, a delightful subdivision nestled in the heart of Zephyrhills, Florida, within the vibrant Pasco County. This charming community is not just a neighborhood; it’s a lifestyle. With its well-maintained homes and beautifully landscaped surroundings, Terrace Park Ph 03 offers a serene retreat for families, retirees, and everyone in between.

One of the highlights of this community is its commitment to maintaining a harmonious living environment through deed restrictions. These guidelines ensure that the aesthetic and value of the homes are preserved, allowing residents to enjoy a cohesive and attractive neighborhood. This attention to detail creates a sense of pride among homeowners, fostering a welcoming atmosphere that you’ll love to call home.

Terrace Park Ph 03 is designed for those who appreciate community spirit and outdoor living. Residents can take advantage of various amenities, including parks and recreational areas that encourage social gatherings and active lifestyles. Enjoy leisurely strolls along tree-lined streets, or engage in friendly conversations with your neighbors as you explore the picturesque surroundings.

Conveniently located, Terrace Park Ph 03 provides easy access to local shopping, dining, and entertainment options, ensuring that you’re never far from the essentials. With its ideal location and community-focused living, this subdivision is perfect for anyone looking to embrace the Florida lifestyle. Discover your dream home in Terrace Park Ph 03, where comfort meets community!

$195,000

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

Short Sale. INVESTOR SPECIAL — Short Sale — 5BR/3BA Value-Add Opportunity at 3518 Kiah Dr Wesley Chapel - MOLD REMEDIATION NEEDED 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/heavy 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. Remediation quotes has been completed, ask listing agent for details. 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 Homes with Deed Restrictions Community Extras

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