Aerial view of homes in the Terrace Park neighborhood, Tallahassee, FL

Terrace Park · Northeast Tallahassee

Terrace Park Homes for Sale

Last updated: November 7, 2026

Terrace Park is a neighborhood of 32 townhomes in Northeast Tallahassee. Homes here were built from 1981 through 1982.

Terrace Park market intelligence

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This count comes from our last check of the multiple listing service (MLS).

Terrace Park Homes for Sale

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At a glance

Terrace Park Key Facts

  • Location: Northeast Tallahassee
  • ZIP Code: 32303
  • Homes: 32 townhomes
  • Construction Era: From 1981 through 1982; median year built 1982
  • Median home size: 1,248 square feet
  • Most common layout: 2 bedrooms, 2 bathrooms
  • Association dues: $720 a year
  • Owner-Occupied: 44% owner occupied
  • Elementary school: Sullivan Elementary, 0.5 miles, Florida DOE school grade B (2026), (850) 487-1216
  • Middle school: Cobb Middle, 0.6 miles, Florida DOE school grade A (2026), (850) 488-3364
  • High school: Leon High, 1.3 miles, Florida DOE school grade B (2026), (850) 617-5700
  • Median lot size: 0.08 acres

Property and Neighborhood Explorer

Terrace Park Boundary and Lots

The map below outlines the Terrace Park boundary and every lot inside it. A click on any lot shows its last sale, and the search box finds a home by address.

Zoom in and click any lot for its details.

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Neighborhoods Near Terrace Park

Every Tallahassee neighborhood we cover is in the neighborhood directory, so you can line Terrace Park up against any of them.

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Terrace Park Homes for Sale

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Terrace Park Listing Alerts

No homes are currently listed for sale.

Homes and setting

Terrace Park Homes: 32 Townhomes

All 32 homes in Terrace Park are townhomes, built from 1981 through 1982.

The median home size in Terrace Park is 1,248 square feet of heated and cooled space. The most common layout here is two bedrooms and two bathrooms.

In Terrace Park, 28% of owners have held their home for ten years or more.

Only 44% of the homes in Terrace Park are owner occupied, meaning the majority are rented or held as a second home.

Terrace Park is in ZIP code 32303. The homes here line Jamestown Court and Elizabeth Drive.

Drive Times From Terrace Park

Downtown & campus
Florida Capitol
about 7 minutes
1.9 miles
Florida State University
about 8 minutes
2.2 miles
I-10, Exit 199
about 8 minutes
3 miles
Florida A&M University
about 11 minutes
3.1 miles
Bobby Bowden-Tallahassee International Airport
about 22 minutes
8.7 miles
Hospitals
The coast
Hospitals
Tallahassee Memorial Hospital
about 5 minutes
1.4 miles
HCA Florida Capital Hospital
about 10 minutes
3.3 miles
The coast
Shields Marina, St. Marks
about 37 minutes
22.2 miles
Carrabelle Marina
about 1 hour 15 minutes
56.4 miles
St. George Island
about 1 hour 45 minutes
77.4 miles

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Terrace Park, Northeast Tallahassee

Association and Dues

Terrace Park has its own homeowners association. The dues are $720 a year as of 2026. Dues can change from time to time, so confirm the current amount with your Joe Manausa Team member before you make an offer.

Terrace Park market

Terrace Park Home Prices and Sales

1Sales closed, past 12 months
32Terrace Park homes

Sales records for Terrace Park begin in 1991 and run through November 7, 2026. The figures below leave out family transfers, bank sales, and short sales.

How Much Do Terrace Park Homes Sell For?

Median price of the homes sold each year in Terrace Park, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median sale price, by closing year
YearTerrace Park existing homesTerrace Park new constructionLeon County existing homesLeon County new constructionTerrace Park sales (existing / new)
2026$252,000$305,000$436,9001 / 0
2025$257,000$289,600$419,9002 / 0
2024$252,500$288,500$416,1502 / 0
2023$235,000$270,000$410,7001 / 0
2022$216,500$245,000$415,7502 / 0
2021$175,750$225,000$325,0002 / 0
2020$174,000$215,000$302,1502 / 0
2019$153,500$195,000$279,9002 / 0
2018$164,750$188,000$310,5002 / 0
2017$152,000$185,000$285,4007 / 0
2016$150,000$178,400$289,0002 / 0
2015$178,250$269,8500 / 0
2014$176,000$276,1000 / 0
2013$175,000$282,9000 / 0
2012$169,000$270,9000 / 0
2011$167,800$244,6500 / 0
2010$170,000$192,0000 / 0
2009$155,000$168,000$184,5001 / 0
2008$160,000$177,500$202,2501 / 0
2007$160,000$179,600$193,5002 / 0
2006$140,750$176,500$183,5002 / 0
2005$166,0500 / 0
2004$107,000$149,0005 / 0
2003$98,500$134,9002 / 0
2002$92,000$122,0001 / 0
2001$85,000$115,0005 / 0
2000$81,000$105,0003 / 0
1999$79,000$102,0001 / 0
1998$84,500$99,0001 / 0
1997$77,500$90,0002 / 0
1996$78,250$90,0002 / 0
1995$77,000$85,0002 / 0
1994$71,000$79,0004 / 0
1993$70,200$77,5002 / 0
1992$68,500$73,3003 / 0
1991$70,000$68,5001 / 0
1990$67,000$68,0005 / 0
1989$63,0000 / 0
1988$62,650$61,8506 / 0
1987$59,500$61,4005 / 0
1986$59,5000 / 0
1985$57,500$58,9002 / 0
1984$58,500$55,0006 / 0
1983$57,000$54,0006 / 0
1982$55,100$54,50016 / 0

How Much Are Terrace Park Homes Worth?

Median home value, in price per square foot, each year in Terrace Park, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one Terrace Park home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median price per square foot, by closing year
YearTerrace Park existing homesTerrace Park new constructionLeon County existing homesLeon County new constructionTerrace Park sales (existing / new)
2026$187$199$2361 / 0
2025$195$194$2442 / 0
2024$183$193$2392 / 0
2023$174$186$2311 / 0
2022$171$170$2082 / 0
2021$135$152$1832 / 0
2020$135$137$1732 / 0
2019$126$1722 / 0
2018$124$123$1712 / 0
2017$122$117$1647 / 0
2016$111$113$1552 / 0
2015$110$1520 / 0
2014$107$1470 / 0
2013$105$1440 / 0
2012$100$1370 / 0
2011$102$1300 / 0
2010$109$1220 / 0
2009$112$113$1271 / 0
2008$122$1311 / 0
2007$123$129$1382 / 0
2006$130$1362 / 0
20050 / 0
20045 / 0
20032 / 0
20021 / 0
20015 / 0
20003 / 0
19991 / 0
19981 / 0
19972 / 0
19962 / 0
19952 / 0
19944 / 0
19932 / 0
19923 / 0
19911 / 0
19905 / 0
19890 / 0
19886 / 0
19875 / 0
19860 / 0
19852 / 0
19846 / 0
19836 / 0
198216 / 0

How Big Are the Homes That Sell in Terrace Park?

Median home size, in square feet, each year in Terrace Park, existing homes and new construction, with 2026 covering January to November

Medians describe the homes that sold each year, not the value of any one home.

A dot on its own marks a year with sales but no sales the year before or after.

Sources: Tallahassee Board of Realtors Multiple Listing Service and the Leon County Property Appraiser. Sales updated November 7, 2026.

New construction and existing homes are always charted separately, so a year's new-construction figure can come from just one or two sales.

Annual figures
Median size (sq ft), by closing year
YearTerrace Park existing homesTerrace Park new constructionLeon County existing homesLeon County new constructionTerrace Park sales (existing / new)
20261,3481,5661,8731 / 0
20251,3181,5441,7472 / 0
20241,3781,5221,7862 / 0
20231,3481,4881,7911 / 0
20221,2681,4761,9352 / 0
20211,3481,5021,8072 / 0
20201,2881,5811,7572 / 0
20191,5691,6702 / 0
20181,3871,5501,7912 / 0
20171,2481,5941,7447 / 0
20161,3481,6261,8032 / 0
20151,6821,7640 / 0
20141,6961,8760 / 0
20131,7002,0100 / 0
20121,7291,9870 / 0
20111,7031,7830 / 0
20101,6441,5730 / 0
20091,3871,5371,4871 / 0
20081,5041,5701 / 0
20071,2981,4651,5352 / 0
20061,4691,4702 / 0
20050 / 0
20045 / 0
20032 / 0
20021 / 0
20015 / 0
20003 / 0
19991 / 0
19981 / 0
19972 / 0
19962 / 0
19952 / 0
19944 / 0
19932 / 0
19923 / 0
19911 / 0
19905 / 0
19890 / 0
19886 / 0
19875 / 0
19860 / 0
19852 / 0
19846 / 0
19836 / 0
198216 / 0

Terrace Park Recent Sales

Recent Terrace Park home sales
AddressPricePrice / sq ftClosing dateYear builtSq ftSale type
$252,000$1872026-01-3019821,348Existing
$265,000$1912025-07-2519821,387Existing
$249,000$2002025-07-1519821,248Existing
$250,000$1782024-08-1419821,408Existing
$255,000$1892024-07-3119821,348Existing
$235,000$1742023-08-0119821,348Existing
$218,000$1842022-08-0519821,188Existing
$215,000$1592022-03-2819821,348Existing
$170,0002021-11-011982Existing
$181,500$1352021-09-0719821,348Existing
$182,000$1312020-07-1319821,387Existing
$166,000$1402020-04-2319821,188Existing
$155,0002019-06-041982Existing
$152,0002019-05-201982Existing
$157,5002018-12-031982Existing
$172,000$1242018-06-0719821,387Existing
$160,0002017-11-081981Existing
$160,0002017-11-011982Existing
$152,000$1222017-10-1319821,248Existing
$154,600$1242017-08-2519821,248Existing
$150,000$1262017-07-1719811,188Existing
$132,000$982017-07-0619821,348Existing
$145,000$1222017-06-0219821,188Existing
$147,500$1092016-07-2819821,348Existing
$152,500$1132016-05-2619821,348Existing
Showing 25 of 100 sales

Sources: the Leon County Property Appraiser and the MLS.

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Schools

Schools Serving Terrace Park

2026–27 attendance zones

Assigned Public Schools

All homes in Terrace Park are zoned for Sullivan Elementary School, Cobb Middle School, and Leon High School.

Sullivan Elementary School is 0.5 miles from Terrace Park and has a Florida DOE school grade of B (2026). Its phone number is (850) 487-1216.

Cobb Middle School is 0.6 miles away and has a Florida DOE school grade of A (2026). Its phone number is (850) 488-3364.

Leon High School is 1.3 miles away and has a Florida DOE school grade of B (2026). Its phone number is (850) 617-5700.

Sullivan Elementary SchoolFlorida DOE school grade: B (2026)All 32 homes in Terrace Park
Cobb Middle SchoolFlorida DOE school grade: A (2026)All 32 homes in Terrace Park
Leon High SchoolFlorida DOE school grade: B (2026)All 32 homes in Terrace Park

School zones can change from time to time, so check the current assignment for the exact address before you buy.

The Leon County Schools zone lookup shows the assigned schools for any address.

Other Schools Nearby

Charter Schools

These are tuition-free public schools open to students from any Leon County address.

Buying in Terrace Park

Buying a Home in Terrace Park

On average, two homes in Terrace Park come up for sale each year, 6% of the neighborhood, so a buyer who wants to live here has to be ready when one does. Ready means you choose your agent first, build the plan together, and then find the house. Our plan is to negotiate from what the home is worth, not from an inflated asking price. Ask us for the plan before you start looking.

Plan Your Terrace Park Search

To see every home for sale that fits your search, in Terrace Park or nearby, use the Home Finder.

If you plan to buy here, the Tallahassee home buying guide lays out the steps in order.

To turn a Terrace Park price into a monthly payment, use the mortgage calculator.

Selling in Terrace Park

Selling a Home in Terrace Park

Most sellers negotiate with one buyer at a time. Our selling plan is built to bring several buyers together so they compete for your home. Ask us how that plan would work when you sell in Terrace Park.

If you own a home here and plan to sell, the Tallahassee home selling guide covers what to decide before the home goes on the market.

To learn what your Terrace Park home is worth today, request a home evaluation.

The home marketing plan shows how our selling plan is built to bring several buyers to the same home.

What Is Your Terrace Park Home Worth Right Now?

Terrace Park questions

Terrace Park Frequently Asked Questions

Are new homes still being built in Terrace Park?

No. The newest home in Terrace Park was built in 1982, and no vacant lots remain.

What homes have recently sold in Terrace Park?

The most recent sale in Terrace Park was 814 Elizabeth Dr, which sold for $252,000 on January 30, 2026. Before that, 818 Elizabeth Dr sold for $265,000 on July 25, 2025, and 817 Jamestown Ct sold for $249,000 on July 15, 2025. See all 100 recent sales in the table above.

What types of homes are in Terrace Park?

All 32 homes in Terrace Park are townhomes. The median home size is 1,248 square feet of heated and cooled space, and the most common layout is two bedrooms and two bathrooms.

What are the HOA dues in Terrace Park?

Terrace Park has its own homeowners association. The dues are $720 a year as of 2026.

Which public schools serve the Terrace Park neighborhood?

Sullivan Elementary School, Cobb Middle School, and Leon High School. School zones can change from time to time, so confirm the current assignment for the home you choose with your Joe Manausa Team member.

Are homes in Terrace Park in a flood zone?

No. None of the 32 lots in Terrace Park are in a FEMA 1%-chance flood zone.

How old are the homes in Terrace Park?

Homes in Terrace Park were built from 1981 through 1982. The median year built is 1982, so half the homes are older than 44 years and half are newer.

How should a home in Terrace Park be valued?

A home in Terrace Park is best valued against recent sales of similar homes here, adjusted for differences in size, condition, updates and lot. Online estimates can't see inside a home, so for a figure on one home, request a home evaluation from a Joe Manausa Team member.

Questions about one Terrace Park address

Ready to Talk About a Terrace Park Property?

This page describes Terrace Park as a whole, not the one home you have in mind. Bring your questions about that home to a Joe Manausa Team member before you decide.

For local services you may need before or after a move, see our preferred vendor list.

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