Terrace Park Ph 03 Homes with Deed Restrictions Community Extras

Welcome to Terrace Park Ph 03, a charming subdivision nestled in the heart of Zephyrhills, Florida. This inviting community in Pasco County offers a perfect blend of tranquility and modern living, making it an ideal choice for families, retirees, and everyone in between.

Terrace Park Ph 03 features beautifully designed homes, each thoughtfully crafted to provide comfort and style. With deed restrictions in place, residents can enjoy a well-maintained neighborhood that reflects pride of ownership. These guidelines ensure that the community remains aesthetically pleasing and harmonious, enhancing the overall quality of life for all who reside here.

One of the standout features of this subdivision is its sense of community. Neighbors become friends, and local gatherings foster a warm, welcoming atmosphere. Whether you’re enjoying a leisurely stroll through tree-lined streets or participating in community events, you’ll quickly feel at home in Terrace Park Ph 03.

The location is another significant advantage. Zephyrhills boasts a rich history and a vibrant culture, with a variety of parks, shopping centers, and dining options just a stone's throw away. Outdoor enthusiasts will appreciate the nearby recreational opportunities, from scenic hiking trails to beautiful lakes perfect for fishing and boating.

With its combination of quality homes, community spirit, and prime location, Terrace Park Ph 03 is more than just a place to live; it’s a place to thrive. Come and discover the charm of this delightful neighborhood, where your dream home awaits!

$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 Homes with Deed Restrictions Community Extras

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