Terrace Park of Five Towns

Independent Assessment

Terrace Park of Five Towns' 1,328-unit count, 25-building layout, 1972-1987 construction window, and legally age-restricted 55+ status were independently confirmed through multiple consistent independent sources, including 55places and multiple active brokerage listing sites. Reported HOA fee figures vary meaningfully by source (from a broad $276-$991/month range down to a narrower commonly cited $600-$700/month), which is attributed to the community's 25 separately built buildings likely each carrying somewhat different fee schedules — buyers should not assume a single community-wide fee applies.

Who May Find This Community Appealing

Buyers who want a large-scale 55+ condo community with substantial shared amenity infrastructure (six pools, two full clubhouses) and a wide range of unit sizes and price points to choose from within one community are the best fit for Terrace Park of Five Towns. Its size also means an active, varied social calendar and clubs across its 25 buildings.

Homes, Builders & Development History

Terrace Park of Five Towns was built between 1972 and 1987 across 25 mid-rise buildings, totaling 1,328 condo units. Floor plans are generally one- and two-bedroom, ranging from roughly 800 square feet up to about 1,245 square feet, with features in updated units including open-concept layouts, upgraded kitchens, primary suites with en-suite bathrooms and walk-in closets, and screened patios or porches. The name of the original developer or builder remains unconfirmed.

Current Pricing & Market Positioning

Reported pricing spans roughly $70,000 to $349,500, with many recent listings clustering around $140,000-$240,000, reflecting the community's wide range of unit sizes, building ages, and renovation levels across 25 separate buildings. Buyers should pull current comparable sales for the specific building and unit size under consideration rather than relying on a community-wide range.

New Construction vs. Resale Considerations

Terrace Park of Five Towns is fully built out and resale-only. Because buildings range in age from roughly 1972 to 1987, buyers should request the specific building's most recent structural inspection and reserve study, and confirm whether any special assessments are pending, before making an offer.

Taxes, Insurance & Special Assessments

Homes here are subject to City of St. Petersburg and Pinellas County real estate tax; buyers should confirm the current millage rate and assessed value for a specific unit with the Pinellas County Property Appraiser. Given the community's age (buildings now 35-50+ years old across various construction dates from 1972-1987), buyers should specifically confirm each building's SB 4-D structural integrity reserve study status, milestone inspection history, and any pending or recently completed special assessments, which have materially affected insurance and carrying costs at many similarly aged Florida condo communities.

Community Layout & Lifestyle

Terrace Park of Five Towns' scale — 25 buildings and 1,328 units — gives it a genuinely larger amenity base (six pools, two full clubhouses) than most comparably aged Pinellas County 55+ condo communities, while its location roughly five miles from the Gulf and near major retail along 66th Street North (Publix, Target, Kohl's) offers practical everyday convenience without a waterfront price premium.

Shopping, Healthcare & Airport Access

Terrace Park of Five Towns sits along 66th Street North in St. Petersburg (addresses reported near 3556 66th St N and 5975 Terrace Park Dr N, ZIP codes 33709/33710), roughly five miles from the Gulf shores and about ten miles west of downtown St. Petersburg, with shopping plazas along 66th Street North offering Publix, Target, Kohl's, and other everyday retailers nearby.

Age Qualification & Material Ownership Restrictions

Terrace Park of Five Towns is described by multiple independent sources as a legally designated 55+ community in which at least one resident per unit must be 55 or older. Recorded HOPA certification documentation for each of the community's 25+ separate building associations was not independently confirmed; buyers should confirm current certification and occupancy-compliance status directly with the specific building's association before purchasing.

Tradeoffs & Limitations

Because Terrace Park of Five Towns spans 25 separately built condominium buildings (reported to include at least 31+ separately numbered condo associations based on public HOA records), fees, reserve health, and specific rules can vary by building — there is no single reliable community-wide answer to cost questions, and buyers must confirm facts for the specific building under consideration. As with any Florida condominium community with buildings now 35-50+ years old, buyers should specifically ask about each building's SB 4-D structural integrity reserve study status, milestone inspection history, and any pending special assessments before making an offer.

Comparison With Nearby Communities

Terrace Park of Five Towns is St. Petersburg's largest 55+ community by unit count, giving it more shared amenity infrastructure (six pools, two clubhouses) than the city's other established 55+ options. Buyers who want a land-lease, lower-upfront-cost manufactured home alternative within St. Petersburg should instead consider Pelican Palms Village; buyers who want fee-simple, single-story living should look toward Pinellas Park's Mainlands of Tamarac by the Gulf.

Current Listings

A connected local agent can provide current available units by building and recent comparable sales for Terrace Park of Five Towns.

How many homes are in Terrace Park of Five Towns?

1,328 condo units across 25 buildings, built between 1972 and 1987 — making it St. Petersburg's largest 55+ community by unit count.

Is Terrace Park of Five Towns legally age-restricted?

Yes — multiple sources describe it as a legally designated 55+ community requiring at least one resident per unit to be 55 or older. Confirm current HOPA certification with the specific building's association.

How much are HOA fees at Terrace Park of Five Towns?

Reported figures vary by building, broadly from about $276 to $991/month, with a commonly cited typical range of $600-$700/month. Confirm the current fee and coverage directly with the specific building's association.

Is there golf at Terrace Park of Five Towns?

No on-site golf course. Its amenity focus is its six pools, two clubhouses, tennis, bocce, and shuffleboard courts.