Terrace Park Ph 03 Homes with Deed Restrictions Community Features

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

Terrace Park Phase 03 is known for its well-maintained homes, each reflecting a commitment to quality and aesthetic appeal. With deed restrictions in place, residents can take pride in their neighborhood, ensuring that the community remains visually appealing and well-kept. These restrictions help maintain property values and foster a sense of unity among neighbors, creating a welcoming atmosphere for all.

As you explore this vibrant community, you'll be captivated by the lush landscapes and thoughtfully designed homes that invite you to experience the best of Florida living. Residents benefit from a range of community features, including beautifully landscaped common areas, walking trails, and recreational spaces that promote an active lifestyle. Families will appreciate the nearby parks and playgrounds, providing ample opportunities for outdoor fun and relaxation.

Conveniently located, Terrace Park Phase 03 is just a short drive from the charming downtown Zephyrhills, where you'll find an array of shopping, dining, and entertainment options. With easy access to major highways, commuting to nearby cities is a breeze, making this community an ideal choice for those seeking both tranquility and convenience.

Discover the charm of Terrace Park Phase 03, where community spirit and beautiful homes come together to create a perfect place to call home!

Newest Terrace Park Ph 03 Homes with Deed Restrictions Community Features

$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

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