Well maintained Turn-Key Income producing second floor 2/2 with the added bonus of a garage, located in the sought after Terrace Ridge Resort at Town Center Community. The home has and attractive courtyard/pool view. It is one of 3 units that are for sale by the onwer. Units #415 and #702 are also listed and can be purchased individually or together. This is a great investment opportunity. With a good rental history and future booking for a new owner. The new owner can maximise the rental income by self-managing the property. There is garage with each condo that are rented separably at $100 a month on a month to month basis. The home is well maintained throughout. With easy access to I4, the attractions, International Airport and local shops and restaurants at Champions Gate. For the golfer there are a number of quality courses close by.
CondoProperty Type
2005Year Built
$159Est. Price/Sq.Ft.
1 car garageParking
Listed by Rebecca Redman Hamaoui• BELLA TRAE REALTY
Bought with Wayne Myers• EMPIRE NETWORK REALTY
Source:Stellar MLS as Distributed by MLS Grid #O5817749
Redfin Estimate
$200,433
$56K since sold in September 2023$1,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 7.4% higher than the average sale price ($187K) of 6 comparable homes.
Well maintained Turn-Key Income producing second floor 2/2 with the added bonus of a garage, located in the sought after Terrace Ridge Resort at Town Center Community. The home has and attractive courtyard/pool view. It is one of 3 units that are for sale by the onwer. Units #415 and #702 are also listed and can be purchased individually or together. This is a great investment opportunity. With a good rental history and future booking for a new owner. The new owner can maximise the rental income by self-managing the property. There is garage with each condo that are rented separably at $100 a month on a month to month basis. The home is well maintained throughout. With easy access to I4, the attractions, International Airport and local shops and restaurants at Champions Gate. For the golfer there are a number of quality courses close by.
Year
Property tax
Land + Additions
Assessment*
2025
$2,703 (−1.8%)
$100 + $186,900
$187,000
2024
$2,753 (+14.8%)
$100 + $186,900
$187,000
2023
$2,397 (+16.0%)
$197,000
2022
$2,066 (+13.6%)
2021
$1,818 (+14.0%)
2020
$1,594 (+10.0%)
$100 + $118,400
$118,500
2019
$1,449 (+3.8%)
2018
$1,396 (+8.7%)
2017
$1,284
$100 + $87,900
$88,000
2016
$1,284 (+20.9%)
$100 + $87,900
$88,000
2014
$1,062 (+19.4%)
2013
$890 (+18.0%)
2012
$754
Tax history for 314 Terrace Ridge Cir
Year
Property tax
Land + Additions
Assessment*
2025
$2,703 (−1.8%)
$100 + $186,900
$187,000
2024
$2,753 (+14.8%)
$100 + $186,900
$187,000
2023
$2,397 (+16.0%)
$197,000
2022
$2,066 (+13.6%)
2021
$1,818 (+14.0%)
2020
$1,594 (+10.0%)
$100 + $118,400
$118,500
2019
$1,449 (+3.8%)
2018
$1,396 (+8.7%)
2017
$1,284
$100 + $87,900
$88,000
2016
$1,284 (+20.9%)
$100 + $87,900
$88,000
2014
$1,062 (+19.4%)
2013
$890 (+18.0%)
2012
$754
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RM
SAP
Residential Medium District
The purpose of the RM district is to provide areas for medium density residential development within urban areas. The RM district permits single-family dwelling units, duplex units, multi-family units, group living facilities, and community facilities.
Zone overlays
RONALD REAGAN PARKWAY
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Infrastructure
Property details
Exterior
Exterior Information
Foundation Type: Slab
Building Style Type: Condominium
Construction Type: Masonry
Building Construction Quality: Average
Exterior Wall: Stucco
Roof Framing Type: Masonry
Roof Shape Type: Hip Shingle
Building Type: Condo Apartment
Property Information
Subdivision Name: TERRACE RIDGE AT TOWN CENTER EAST CONDO
Living Sq. Ft: 1,261
Gross Sq. Ft: 1,341
Ground Floor Sq. Ft: 1,261
Building Sq. Ft: 1,341
Legal Description: TERRACE RIDGE AT TOWN CENTER EAST, A CONDOMINIUM OR 6192 PGS 1845 THRU 1901 UNIT 522 & GARAGE UNIT G4 & AN UNDIVIDED INTEREST IN THE COMMON ELEMENTS AS PER CONDO DECLARATION
Lot Information
# of Buildings: 1
Land Sq. Ft: 684
Water District: UNINCORP/SWFWMD
Municipality Name: UNINCORP/SWFWMD
Acres: 0.0157
County Use Description: CONDOMINIUMS
State Use Description: CONDOMINIUM
Financial
Assessor Information
Assessment Year: 2025
Tax Area: UNINCORP/SWFWMD
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,261
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: 2005
Year Renovated: 2005
County: Polk County
APN: 272602701011005220
Home facts updated by county records on Jul 10, 2026
Around this home
Schools
Loughman Oaks Elementary School
Public PreK-5 • Assigned • 2.4mi
2/10
Shelley S. Boone Middle School
Public 6-8 • Assigned • 10.5mi
3/10
Davenport High School
Public 9-12 • Assigned • 1.6mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 24 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Davenport, FL • 33896
Average low and high temperatures (°F)
69
48
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54
81
58
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63
91
70
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94
75
91
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90
75
83
68
79
59
74
55
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Dec
Sun exposure
In this area, properties receive around 8.6 hours in
June and 6.7 hours in December, placing it above the
U.S. average for solar exposure.
8.6 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$191,000 – $231,000
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