Terrace Condominiums For Sale In Phoenix
Terrace Condominiums is a small condo community in Fountain Hills, off East Gunsight Drive. With about 32 units, it stays quiet and easy to manage, which is exactly what many buyers want here. If you like the idea of a home you can lock up and travel from, this is worth a look. Note there is also a Terrace Condominiums in Scottsdale, so this page covers the Fountain Hills one.
The draw is simple, low-maintenance living close to the center of town, with a heated pool and spa and, on some units, a two-car garage. It fits first-time buyers, right-sizers, and part-time owners. Below is what to expect on price, the homes, and the neighborhood.
What Homes Cost in Terrace Condominiums
Terrace Condominiums is one of the more affordable ways into Fountain Hills. As of September 2026, units here have generally sold from about $310,000 to $450,000, depending on size, updates, and whether the unit has a garage. Because the community is small, sales are not frequent, so ask us for a current read when a unit lists.
Most homes are two-bedroom, two-bath layouts. An updated unit with a two-car garage sells toward the top of that range, while an original one sits lower and leaves room to make it your own.
Affordable, low-maintenance condos stay in steady demand in Fountain Hills because they open the door to the town at a friendly price. Buyers here include first-timers, right-sizers, and part-time owners, so a clean, well-priced unit tends to move without much trouble, which helps values stay firm over time.
Residences in Terrace Condominiums
The community has about 32 condos designed for low upkeep. Floor plans are practical two-bedroom, two-bath layouts, and some units include a two-car garage, which is a nice feature at this price in Fountain Hills. Homes range from original to updated.
Because these are condos, the association handles the building exteriors and grounds, so your day-to-day maintenance stays light. That makes them a good fit for anyone who wants to travel without worrying about the yard.
HOA and What Is Included
Terrace Condominiums has a homeowners association, and residents share a heated pool and spa. The HOA typically covers the exterior maintenance, the grounds, and the shared amenities, which is a big part of the appeal. Dues and exactly what they include can change, so confirm the current amount with us, and we will pull the HOA documents so you know what you are getting.
What Is Nearby
Fountain Hills is a big reason people buy here. The town sits against the southern McDowell Mountains and centers on Fountain Park, where the well-known fountain rises on the hour. It is an International Dark Sky Community, so the nights stay dark and full of stars, and with about 24,000 residents it feels quiet and unhurried while staying close to Scottsdale’s shopping and dining.
Terrace Condominiums keeps you close to everything Fountain Hills offers:
- Fountain Park and the fountain, a short drive away
- Restaurants and shops along Saguaro Boulevard
- Golf at FireRock, SunRidge Canyon, and other nearby courses
- McDowell Mountain trails and Sonoran Desert views
Scottsdale is about 30 minutes away by the Beeline Highway, so errands stay close and the city is an easy drive when you want it.
Schools
The Fountain Hills Unified School District serves the area, including McDowell Mountain Elementary, Fountain Hills Middle School, and Fountain Hills High School, with private and charter options nearby. Confirm the assigned schools for a specific address, since boundaries can change.
Why People Like Living Here
Buyers choose Terrace Condominiums for the price, the easy upkeep, and the pool. You get a low-maintenance home you can lock up and leave, a heated pool and spa to enjoy, and a central spot close to Fountain Park. For a simple, affordable home base in Fountain Hills, it delivers.
Frequently Asked Questions About Buying in Terrace Condominiums
1. What does it take to buy a condo in Terrace Condominiums?
Line up your financing, watch for a unit to list, make an offer, do your inspections, and close. Because the community is small and units sell seldom, being ready helps. We can set you up on alerts so you do not miss one.
2. Should I get pre-approved first?
Yes. A pre-approval or proof of funds lets you move quickly when a unit lists. We can connect you with a lender so you are ready to go.
3. Can I get a loan on a condo here?
Often, but condo lending depends on whether lenders approve the community, which comes down to things like owner-occupancy and HOA reserves. We help you check that early, since it affects your loan options. Some buyers pay cash.
4. What are the monthly and closing costs?
Plan for the HOA dues, property taxes, insurance, and light upkeep, plus the usual closing costs. Because the HOA covers the exterior and the pool, your hands-on maintenance is low. We can put real numbers to any specific unit.
5. Can I rent my condo out?
Maybe, but condo communities often limit rentals or set minimum lease terms. Always check the HOA documents before you count on renting. We pull and review those with you so you know the rules.
6. Should I use a buyer’s agent?
Yes. A buyer’s agent guides you on pricing, negotiation, and inspections and represents you, not the seller. In a small community, having someone watching for listings helps. Reach out and we will explain how it works.
7. What should I check before buying?
Get a home inspection, and look closely at the HOA documents, reserves, and any special assessments, plus the roof and shared systems. We help you order the right inspections and read the results before you commit.
8. How do I sell a condo here for the best price?
A clean, well-priced unit with good photos and, ideally, a garage tends to draw strong interest in this price range. We build a plan for each listing and give you an honest read on your home first.
9. What paperwork should I expect?
Expect a purchase contract, the seller’s disclosure, the HOA documents, and title and escrow paperwork. We review all of it with you so nothing slips through.
10. How do I get started with The Holm Group?
Just reach out. Tell us your budget and timeline, and we will watch Terrace Condominiums and similar Fountain Hills communities for you and send units that fit, with no pressure.
Connect With The Holm Group
Whether you are buying a low-maintenance condo or selling one, we are glad to help. The Holm Group knows Fountain Hills well, and we will get you current listings, honest pricing, and a plan that fits your timeline. Reach out whenever you are ready.
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Terrace Condominiums Homes For Sale
Last Updated: October 2026
