Terrace Park Ph 03 Homes with Deed Restrictions Community Extras

Welcome to Terrace Park Phase 03, a delightful subdivision nestled in the heart of Zephyrhills, Florida, within the scenic Pasco County. This vibrant community is designed for those who appreciate a harmonious blend of comfort and convenience, making it an ideal place to call home.

Terrace Park Phase 03 boasts a collection of charming residences, each reflecting the unique character and warmth of the neighborhood. With a variety of home styles and sizes, there’s something to suit every lifestyle, from cozy single-family homes to spacious properties perfect for growing families. The deed restrictions in place ensure that the community maintains its aesthetic appeal and upholds property values, giving you peace of mind in your investment.

Residents of Terrace Park enjoy a plethora of community extras that enhance the living experience. Beautifully landscaped common areas provide perfect spots for leisurely strolls or picnics with family and friends. The community fosters a friendly atmosphere, encouraging neighborly interactions and creating a sense of belonging.

Located just a short drive from downtown Zephyrhills, residents have easy access to local shops, dining, and recreational facilities. The area is also known for its beautiful parks and outdoor activities, making it a haven for nature lovers and those who enjoy an active lifestyle.

In Terrace Park Phase 03, you’ll find not just a house, but a place to create lasting memories. Discover the charm of this community and envision your future in one of Florida's most inviting neighborhoods!

$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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