Palm Terrace Homes for Sale

Palm Terrace is a residential community in Coral Springs, Florida.

Pure Equity Realty covers Palm Terrace and the Coral Springs area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 2 Palm Terrace Coral Springs homes for sale as of September 2026. The median asking price is $216,000. Asking prices run from $190,000 to $242,000.

That is 20% below the Coral Springs median of $269,000. On a per-foot basis, homes here ask about $227 per square foot, compared with $244 across Coral Springs. So the median price buys roughly 950 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 48 days on the market. That is faster than the Coral Springs average of 115 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Palm Terrace date from 1975, so they are about 51 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Palm Terrace is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Palm Terrace have a median asking rent of $2,200 per month, across 2 active rental listings. For comparison, the Coral Springs median is $2,100, so rents here run 5% higher.

You can browse current Coral Springs rentals or ask us for a rent estimate on a specific Palm Terrace home.

Here is what the median Palm Terrace price means in Florida closing terms. At $216,000, a 20% down payment comes to about $43,000, leaving a loan near $173,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $605. Next, the intangible tax of 0.2% adds about $346. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Palm Terrace median, that is about $1,512.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Palm Terrace listings show assignments to Parkside (elementary), Sawgrass Springs (middle) and Coral Glades (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.