Fort Myers Beach, FL · Beachfront & Gulf-Front Condos
Palm Terrace
Older mid-island
Market Snapshot
Palm Terrace market data
Live from the MLS · updated continuously. See all 31 listings →
Figures reflect current active listings (and recent closed sales where available) tagged to Palm Terrace. Medians are indicative, not an appraisal, ask Rick for a comparative market analysis on a specific home.
On the Map
Where Palm Terrace sits
Available Now
Homes for sale in Palm Terrace
No active listings in Palm Terrace right now
New homes list here weekly, search nearby or ask Rick to watch this community for you.
Recently Sold
Recent sales in Palm Terrace
| Home | Bd / Ba | Sq Ft | Sold | Sold Price |
|---|---|---|---|---|
| 465 Donora Boulevard, Fort Myers Beach | 3 / 2 | 1,429 | Jul 2026 | $660,000 |
| 104 Washington Avenue, Fort Myers Beach | 5 / 2.5 | 2,100 | Jun 2026 | $1,300,000 |
| 179 Hibiscus Drive, Fort Myers Beach | 2 / 2 | 1,611 | Jun 2026 | $650,000 |
| 331 Washington Court, Fort Myers Beach | 3 / 2 | 1,300 | May 2026 | $650,000 |
Closed sales from the last 12 months. Ask Rick for a full comparable-sales report on any home you're considering.
At a Glance
Palm Terrace at a glance
Amenities & Lifestyle
What you get living in Palm Terrace
Drive Times
Location & access
- 🏖️ Nearest Beach5 min
- ✈️ RSW Airport40 min
- 🏙️ Downtown Fort Myers36 min
- 🏥 Nearest Hospital21 min
- 🛣️ I-75 Access35 min
Cost of Ownership
Estimated yearly costs for a entry-tier home
Florida estimates based on a $350,000 home in Palm Terrace. Actual numbers vary, book a Strategy Session for a live, parcel-specific quote.
Estimates only. Florida Homestead Exemption (when you qualify) can knock $750-1,500 off the annual tax bill.
⚠️ Flood Zone Accuracy Note
Palm Terrace is mapped primarily in Zone VE
Our analysis found 2 different flood zones within Palm Terrace's footprint (Zone VE, Zone AE). The exact flood zone for any specific home depends on its parcel, homes on different streets, lots, or elevations within the same community can have different zone classifications.
Before making an offer, always verify the exact flood zone for the specific property address:
Source: FEMA National Flood Hazard Layer · sampled at 5 points per community · confidence: medium
Schools Nearby
Top schools within 8 miles of Palm Terrace
Fort Myers Beach Elementary School
0.5 miLexington Middle School
4.0 miHeights Elementary School
5.2 miThree Oaks Middle School
6.3 miRayma C. Page Elementary School
6.3 miCypress Lake High School
7.0 miReady to Look Closer?
Get live numbers for Palm Terrace
HOA dues, current listings, recent sales, builder incentives, all change weekly. Book a free Strategy Session and I'll pull a live snapshot for Palm Terrace tailored to your timeline and budget.
Good Questions
Palm Terrace, frequently asked questions
- What are home prices like in Palm Terrace?
- Palm Terrace is in the entry price tier, typically Typically $200K – $450K. List prices vary by size, age, condition, and current inventory; search current listings or ask Rick for live comps.
- What FEMA flood zone is Palm Terrace in?
- Palm Terrace straddles more than one FEMA zone (Zones VE / AE), the exact zone depends on the specific lot, so insurance can differ street to street. Rick verifies the exact zone for any address before you offer.
- What schools are near Palm Terrace?
- Closest schools include Fort Myers Beach Elementary School (0.5 mi), Lexington Middle School (4.0 mi), Heights Elementary School (5.2 mi). Browse all on the schools directory.
- What does it cost to own a home in Palm Terrace?
- For a $350,000 home, estimate roughly $4,550/yr property tax, $4,200-$7,700/yr insurance (incl. flood), and $300-$900/mo HOA. Full breakdown in the SWFL cost cheatsheet.
- What amenities does Palm Terrace offer?
- Palm Terrace features Beach, Vacation Rental. Compare similar communities on the interactive map.