Living in Florida's Space Coast
TERRACE SHORES
Terrace Shores is the single-family neighborhood in Indialantic where $557,500 was the median across four closed sales in the last twelve months, not one listing reported an association, and three of five had a private pool. Built 1962 to 2007.
Terrace Shores In Indialantic, Florida
Terrace Shores sits in Indialantic, in the 32903 zip code, on Bel and Gulf. Over the last twelve months four of the five properties I tracked here actually closed, at a $557,500 median.
The housing stock is 5 single-family homes, built 1962 to 2007. The size range runs 1,269 to 4,050 square feet, which is wide enough that the neighborhood median tells you very little about any one property. Price it off the comparable sales on that street, not the plat.
Sellers closed at about 88 percent of original list, one of the softer ratios on the beachside. That usually means listings started high and cut more than once, not that buyers are stealing anything.
No association appears on any property here. No board, no dues, and no reserve fund either. The roof and the driveway are yours alone. Recorded deed restrictions may still apply, and I pull those for the specific parcel before you write.
Terrace Shores At A Glance
Every figure below comes from the last twelve months of Indialantic market data for this neighborhood. Nothing here is an estimate.
| Detail | What you get |
|---|---|
| Housing type | 5 single-family homes, mostly one story |
| Home size range | Roughly 1,269 to 4,050 square feet, median about 1,500 |
| Bedrooms and baths | three to four bedrooms, two to four baths |
| Lot size | 0.17 to 0.27 acres, median about 0.19 |
| Year built | 1962 to 2007, median 1964 |
| Median sold price | $557,500 over the last twelve months |
| Sold price range | $532,000 to $1,050,000 |
| Price per square foot | About $345 median |
| HOA dues | None. All five recent listings reported no association. |
| Waterfront | None of the five recent listings reported water frontage |
| Private pools | 3 of 5 |
| Garage | 5 of 5 listings reported a garage |
| Property tax | About $5,309 median annual, ranging widely with assessment history |
| Days on market | 44 days median, at about 88 percent of original asking price |
| Location | Indialantic, 32903 |
Terrace Shores Costs, Honestly
The line items that decide what this actually costs you, beyond the purchase price.
Insurance And Flood
Get the quote firstEvery address on this island is underwritten on its own elevation certificate, roof age and opening protection. Two properties on the same street can be thousands apart a year. I get you a real quote inside the inspection period, before the payment you are picturing becomes the payment you are stuck with.
No Reserve Fund Behind You
No association hereNo dues is a real advantage until the roof goes. There is no shared reserve on these streets, so the roof, the driveway, the AC and the fence are funded by you on your own timeline. That is a fair trade, but it should be a budgeted one.
The Tax Bill Resets
About $5,309 median todayThat is what the current owners pay, not what you will. Florida caps annual assessment increases for homesteaded owners and the cap resets on sale, so on a property somebody has held fifteen years your first bill can land materially higher. I run the reset number before you write.
Real Negotiating Room
About 88 percent of original listA 44 day median with closings near 88 percent of the original asking price. That is a genuine gap and it is where a prepared buyer makes money.
Terrace Shores Features
No HOA At All
All five recent listings reported no association. Nothing governs the paint color, the boat in the driveway or the fence line except the recorded deed restrictions on that plat.
Pools Are Standard
3 of the last 5 had a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than they do inland, so those get inspected separately from the house.
Mostly Single Story
4 of the 5 listings reporting stories were one level, typical of when this was platted.
Original Era Housing
Median year built is 1964. Roof age, wiring and plumbing are the three things that decide both your insurance quote and your first five years of budget.
Garages Are Common
5 of the 5 listings reported a garage, which on the beachside is less common than buyers expect.
Minutes To The Ocean
The Melbourne Causeway lands right here, so downtown Melbourne is five minutes west and the sand is two minutes east.
Homes For Sale In Terrace Shores
Every active Terrace Shores listing, straight from the MLS and updated as it changes.
Terrace Shores Frequently Asked Questions
What do homes sell for in Terrace Shores?
The median closed price over the last twelve months was $557,500 across four sales, ranging $532,000 to $1,050,000. Median price per square foot was $345.
Does Terrace Shores have an HOA?
No. All five recent listings reported no association. Recorded deed restrictions may still apply to the plat, and I pull those for the specific parcel.
How far is Terrace Shores from the beach?
Indialantic is a barrier island city, so the Atlantic is a short walk or a two minute drive from anywhere in the neighborhood. None of these properties carry water frontage on record, which is part of why the pricing sits where it does.
Can you negotiate on price in Terrace Shores?
Sellers closed at about 88 percent of original list over the last year. That is softer than most of the beachside, which usually means listings started high rather than that buyers are getting bargains. I price the offer off the specific comparable sales, not the neighborhood average.
Are there pool homes in Terrace Shores?
Yes. 3 of the 5 properties have a private pool. On the barrier island the pump, the heater and the screen enclosure age faster than inland, so I have those inspected separately from the structure.
What are property taxes like in Terrace Shores?
The median bill on record is about $5,309, but that is what the current owners pay. Florida caps annual assessment increases for homesteaded owners and the cap resets when the property sells, so your first bill can be materially higher. I run the reset number before you write an offer.
What is the buying process like in Terrace Shores?
I pull the closed comparable sales for the specific street, get a real wind and flood quote inside the inspection period, run the tax reset so the monthly payment you are picturing is the one you will actually have, and read whatever association or deed documents apply. Then we write. Call me at (321) 212-7676.
Indialantic, 32903
Terrace Shores sits in Indialantic, in the 32903 zip code, on Bel and Gulf. The Melbourne Causeway lands here, so downtown Melbourne is five minutes west and the sand is two minutes east.
The town is small and layered. Oceanfront towers line A1A, 1950s and 1960s platted streets sit behind them, and pockets of larger homes with deep water sit on the river side. Those three markets are within a few blocks of each other and price nothing alike.
Near Terrace Shores In Indialantic
Considering Terrace Shores?
If Terrace Shores is on your list, my partner Nichole and I are the agents to call. We work Indialantic every week, we know these streets, and we will tell you straight whether a property is priced right. Reach out anytime at (321) 212-7676.
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