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What's Your Terrace Condo at The National Worth

What's Your Terrace Condo at The National Worth

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Updated October 2026 · Jesse McGreevy and Marc Comisar, Domain Realty · Prices from the Collier County Property Appraiser, 2026 tax roll data files (dated 29 August 2026), newest recorded sale 11 August 2026

McGreevy and Comisar are the Southwest Florida listing team that Terrace owners call before they list, and this is our seller's guide to Terrace Condominiums at The National, Lennar's fourteen four-story condominium buildings inside The National Golf and Country Club in Ave Maria, Florida. It covers what your building, floor and plan record for at the county, why most Terrace resales have closed below the owner's purchase price, how to compete with Lennar's final Terrace VI closings, and the condominium file a Terrace buyer will ask for.

In the twelve months from September 2025 to August 2026 the Collier County record shows 85 qualified Terrace sales: 22 resales at a $231,000 median, from $210,000 to $269,000, and 63 builder-direct Lennar closings at a $205,000 median. Lennar listed the Terrace collection as sold out on lennar.com on 23 September and again on 1 October 2026, so every Terrace home for sale from here is a resale, and the next owner who sells is competing with the recorded prices of Lennar's last units.

One pattern shapes every Terrace pricing conversation. Of the 21 Terrace resales in that year that we could pair with the same unit's earlier recorded sale, 19 closed below the earlier price, at a median change of minus 10.2 percent. If you are ready for your own number, request a free valuation of your Terrace condo or call Jesse direct at (239) 898-6072. Owners who want the valuation method in full can read our Terrace home valuation guide, and if you are also buying, see our guide to buying a Terrace condominium at The National.

How Do I Sell My Terrace Condo at The National in 2026?

To sell a Terrace condo at The National in 2026, price it from the recorded resales of your own plan and building, show a buyer what your unit offers that Lennar's lower-priced final Terrace VI units did not, and gather the condominium file Florida law requires you to deliver, plus your building's FEMA letter and the estoppels, before the first showing.

Terrace is the largest condominium pool in The National: 420 units in fourteen four-story buildings of 30 units each, split among six separate condominium associations, Terrace I to Terrace VI, per the Collier County Property Appraiser 2026 tax roll data files and the six recorded declarations. Every home is a single-level two-bedroom, two-bath plan of 1,120, 1,154 or 1,301 square feet with one elevator per building. That sameness is why the details that differ (building, association, floor, plan, membership and paperwork) decide your price.

The six things that decide a Terrace sale

  • Your plan. Twelve-month resale medians ran $220,000 for the 1,120-square-foot Arbor size, $230,000 for the 1,154-square-foot Birkdale size and $260,000 for the 1,301-square-foot Carolina size.
  • What you paid, and when. Owners who bought at Lennar's 2023 and 2024 prices, when its builder-direct medians were $273,000 and $280,000, are reselling into a $231,000 resale market.
  • Lennar's last closings. Lennar's 2026 Terrace closings recorded a $199,000 median, and those deeds are now the comparable sales an appraiser and a buyer read beside yours.
  • Your building and association. Six associations means six declarations, six budgets, two management companies and, on Lennar's own map, golf or non golf membership by building.
  • The condominium file. At four stories every Terrace building falls under Florida's structural integrity reserve study and milestone inspection statutes, and a resale seller must deliver the s. 718.503(2) document package.
  • The flood letter. FEMA letters issued from 2020 to 2023 remove each addressed Terrace building from the high-risk flood area, and a buyer's lender will ask for the case number.

Key Takeaways

These are the ten facts a Terrace seller should know in October 2026, each drawn from the Collier County recorded sales file, a recorded declaration, a Lennar document, FEMA or Florida law.

  • Resale median: $231,000 on 22 Terrace resales from September 2025 to August 2026, ranging from $210,000 to $269,000.
  • Builder-direct median: $205,000 on 63 Lennar closings in the same twelve months; 51 of them were in Terrace VI.
  • Most resales sold below the prior price. 19 of 21 resale pairs closed under the unit's earlier recorded sale, at a median change of minus 10.2 percent, or $26,000.
  • Lennar's prices fell before it sold out. Its Terrace builder-direct median rose from $227,999 in 2021 to $280,000 in 2024, then fell to $199,000 in 2026.
  • Terrace is resale-only now. Lennar showed the collection sold out on 23 September and 1 October 2026.
  • Plan size moves price. Carolina-size resales recorded $260,000 against $230,000 for the Birkdale size, at nearly the same price per square foot, about $198.
  • 2026 so far: 17 Terrace resales from January to August 2026 at a $232,000 median.
  • Fees are published for Terrace VI only. Lennar's 2026 schedule shows $9,374 a year, $781.17 a month, in association charges, plus $1,792.44 in district charges on the tax bill.
  • The paperwork is part of the price. SIRS, milestone, budget, insurance and governance documents go to the buyer under s. 718.503(2), and the contract is voidable for 7 days.
  • Title in Collier County. The buyer customarily pays the owner's title policy and chooses the closing agent; the contract controls.

Table of Contents

Why List Your Terrace Condo With McGreevy and Comisar?

List your Terrace condo with McGreevy and Comisar because we price it from the recorded resales of your own plan and building and from Lennar's final closings, not from a town average, and we assemble the condominium, flood and estoppel file before a buyer asks. We are Top 1% Real Estate Agents Nationally Since 2008 and the #1 Team in Southwest Florida since 2012.

If you're searching for the best listing agent for a Terrace condo in Ave Maria, Florida, McGreevy and Comisar help owners price, market, negotiate and sell across Ave Maria, Naples, Estero, Bonita Springs, Fort Myers and Collier and Lee Counties. With our Domain Realty Group team we have sold over $2.5 billion in real estate, and McGreevy and Comisar alone have over $900 million in personal sales. For how we compare with other teams in town, see our guide to the best real estate agents in Ave Maria.

Honors and recognition:

  • Top 1% Real Estate Agents Nationally Since 2008
  • 5 Star Award for Customer Satisfaction for 21 Straight Years. Only 5 out of 21k+ Licensees (Gulfshore Life Magazine)
  • #1 Team in Southwest Florida since 2012
  • McGreevy and Comisar and their Domain Realty Group team have sold over $2.5 Billion in Real Estate
  • McGreevy and Comisar alone have over $900 million in Sales
  • Nationally Recognized Top Producing Realtors
  • Platinum Sales Production Award Winners

We price by plan, floor and building, from the county record

A Terrace unit's price is set by a short list of facts: its plan size, its floor and position, its building and association, its membership and its condition. We read every recorded Terrace sale, 85 in the last twelve months and 441 in the collection's history, match each to its building and plan, and pair each resale with the unit's earlier price. That is the file we price your unit from.

We sell against Lennar's final Terrace closings, not around them

Lennar closed 45 Terrace units in 2026 at a $199,000 median, and Building 36's first 21 closings from June to August 2026 recorded a $195,000 median. Those deeds will sit in every buyer's and appraiser's comparison for months. We show a buyer, line by line, what your unit has that those units did not.

We build the condominium file before the first showing

A Terrace buyer's lender and insurer read the association's budget, reserves, structural integrity reserve study status and insurance, and the buyer has 7 days to cancel once the s. 718.503(2) package arrives. We gather that package, your building's FEMA letter and the estoppel orders with you before you list, so the contract does not stall in its first week.

Ready to sell at Terrace? Talk to Jesse before you list

Terrace recorded 22 resales in twelve months at a $231,000 median while Lennar's final Terrace VI units closed lower. Request your free Terrace valuation, or call Jesse direct at (239) 898-6072, and we will price your unit from its own building, floor and plan. Buying your next home in Southwest Florida too? Call Marc at (239) 287-5873 or see how we represent buyers.

What Is the Terrace Market Doing for Sellers Right Now?

The Terrace resale market is steady in volume and lower in price: 22 resales closed in the twelve months to August 2026 at a $231,000 median, from $210,000 to $269,000, while Lennar closed 63 new Terrace units at a $205,000 median. Resale prices have eased each year since 2023, and the builder's prices fell faster.

Data updated: October 2026 (Collier County recorded qualified sales through 11 August 2026).

Recorded Terrace sales by window

WindowAll salesAll medianBuilder-directBuilder medianResalesResale medianResale range
September 2025 to August 2026 (12 months)85$213,00063$205,00022$231,000$210,000 to $269,000
September 2024 to August 2026 (24 months)164$225,000135$223,00029$240,000$210,000 to $300,000
September 2023 to August 2026 (36 months)265$255,000231$258,00034$242,750$210,000 to $307,500
All recorded history to August 2026441$260,000402$261,00039$245,000$210,000 to $350,000

Source: Collier County Property Appraiser, 2026 tax roll data files dated 29 August 2026, DOR-qualified improved sales above $1,000 in the six Terrace condominiums. A sale counts as builder-direct when it is the unit's first qualified sale within a year of the year built, or the first sale of a unit the roll does not yet date; every other sale is a resale. The twelve-month window holds 22 resales, more than the ten we require before quoting a median, so it is the window we price from.

Terrace resales by association, last twelve months

AssociationBuildingsResalesResale medianBuilder-direct salesBuilder median
Terrace I6058, 6046 and 6034 National Blvd14$230,0000n/a
Terrace II5807 and 5835 Double Eagle Cir1$234,0000n/a
Terrace III5715 and 5749 Double Eagle Cir1$269,0000n/a
Terrace IV5629 and 5651 Double Eagle Cir4$235,0000n/a
Terrace V5527, 5555 and 5583 Double Eagle Cir2$238,00012$220,000
Terrace VI5491 Double Eagle Cir and Building 360n/a51$200,000

Source: Collier County recorded qualified sales, September 2025 to August 2026. Terrace I, the oldest association, supplied 14 of the 22 resales, so its building-level record is the deepest; an association with one or two resales is too thin to price from alone, and we add the same plan's sales in the neighboring buildings.

How Terrace prices moved, year by year

Year of saleBuilder-direct salesBuilder medianBuilder rangeResalesResale median
202121$227,999$184,300 to $233,0000n/a
202261$253,000$223,000 to $292,0001$287,000
2023116$273,000$248,000 to $359,0005$304,000
202480$280,000$245,000 to $323,0006$282,500
202579$236,000$199,000 to $310,00010$242,500
2026, to 11 August45$199,000$179,000 to $226,00017$232,000

Source: Collier County recorded qualified sales. Resale counts before 2025 are small, from 1 to 6 a year, so read those medians as a direction rather than a level.

Two lines sit in that table. Lennar's builder-direct median climbed to $280,000 in 2024 and then fell 29 percent to $199,000 in 2026 while it finished Terrace V and VI. The resale median followed it down from $304,000 in 2023 to $232,000 in 2026, but more slowly, which is why Terrace resales still record above Lennar's last closings.

When Terrace owners sold

The 22 resales of the last twelve months were spread from September 2025 to June 2026: one each in September, October and November 2025, two in December, two in January 2026, five in February, four in March, two in April, three in May and one in June, and none in July or August 2026. February and March together carried 9 of the 22. The newest resale in the county's August 2026 extract closed on 25 June 2026, and deeds recorded after the extract appear in the next county file, so we read the quiet summer as incomplete data and check the newest record before every valuation.

How Terrace compares with its neighbors

CollectionCountyStoriesUnits and associationsResales (window)Resale median
Terrace Condominiums at The NationalCollier4420 in six17 (January to August 2026)$232,000
Terrace Condominiums at Heritage Landing, Punta GordaCharlottenot recorded in the county files420 in six27 (January to August 2026)$235,000
Veranda at The NationalCollier2256 in five county condominium names17 (September 2025 to August 2026)$309,000

Sources: Collier County Property Appraiser, 2026 tax roll data files; Charlotte County Property Appraiser data files, as compiled for our Terrace Condominiums at Heritage Landing guide. Lennar sells the same three Terrace plans at Heritage Landing, and the two collections' 2026 resale medians sit within $3,000 of each other, so the Terrace product is pricing consistently across two counties. Veranda, The National's two-story condominium with a garage and larger plans, recorded a twelve-month resale median $78,000 above Terrace's $231,000, which is the gap a Terrace buyer weighs when choosing.

What the MLS would add

The county deed record gives us every recorded price and date, including the Lennar closings that never reached the MLS, but it carries no list price, no days on market and no listing office. Those come from the active and closed listings for your building at the time of your valuation, and we add them to your pricing file then.

Why Did Most Terrace Resales Close Below What the Owner Paid?

Most Terrace resales closed below the owner's purchase price because Lennar kept closing brand-new Terrace V and Terrace VI units at falling prices while earlier buyers were reselling. Of 21 resale pairs in the last twelve months, 19 closed below the earlier recorded price, at a median change of minus 10.2 percent, or $26,000.

Data updated: October 2026 (Collier County recorded qualified sales through 11 August 2026).

We matched every Terrace resale of the last twelve months to the same unit's previous qualified sale in the Collier County Property Appraiser, 2026 tax roll data files. Twenty-one of the 22 had an earlier recorded sale to compare against. The pattern follows the year of purchase almost exactly.

The 21 Terrace resale pairs

Prior salePrior priceResaleResale priceChangeBuilding, association
30 Nov 2022$258,00026 Sep 2025$245,000minus 5.0%6034 National Blvd, Terrace I
30 Nov 2022$265,00029 Oct 2025$212,000minus 20.0%6034 National Blvd, Terrace I
28 Feb 2022$236,0002 Dec 2025$230,000minus 2.5%6046 National Blvd, Terrace I
25 Apr 2025$279,00019 Dec 2025$255,000minus 8.6%5527 Double Eagle Cir, Terrace V
30 Nov 2022$280,0008 Jan 2026$267,500minus 4.5%6034 National Blvd, Terrace I
30 Nov 2021$230,00029 Jan 2026$210,000minus 8.7%6058 National Blvd, Terrace I
24 May 2024$321,00012 Feb 2026$260,000minus 19.0%5629 Double Eagle Cir, Terrace IV
30 Nov 2022$260,00018 Feb 2026$240,500minus 7.5%6034 National Blvd, Terrace I
30 Nov 2021$233,00024 Feb 2026$246,000plus 5.6%6058 National Blvd, Terrace I
30 Nov 2021$231,00025 Feb 2026$210,000minus 9.1%6058 National Blvd, Terrace I
7 Apr 2022$258,00027 Feb 2026$225,000minus 12.8%6046 National Blvd, Terrace I
28 Feb 2022$256,00012 Mar 2026$230,000minus 10.2%6046 National Blvd, Terrace I
30 Nov 2023$302,00016 Mar 2026$269,000minus 10.9%5715 Double Eagle Cir, Terrace III
16 Mar 2022$289,00024 Mar 2026$240,000minus 17.0%6046 National Blvd, Terrace I
9 Dec 2022$263,00028 Mar 2026$232,000minus 11.8%6034 National Blvd, Terrace I
2 Dec 2025$230,0008 Apr 2026$230,0000.0%6046 National Blvd, Terrace I
2 Jul 2024$267,00013 Apr 2026$245,000minus 8.2%5629 Double Eagle Cir, Terrace IV
28 Feb 2023$265,00028 May 2026$234,000minus 11.7%5835 Double Eagle Cir, Terrace II
29 Aug 2024$280,00028 May 2026$221,000minus 21.1%5583 Double Eagle Cir, Terrace V
20 Jun 2024$258,00029 May 2026$225,000minus 12.8%5629 Double Eagle Cir, Terrace IV
23 May 2024$268,00025 Jun 2026$210,000minus 21.6%5629 Double Eagle Cir, Terrace IV

Source: Collier County Property Appraiser, 2026 tax roll data files, qualified sales of the same unit, September 2025 to August 2026 resales.

What the pairs show by year of purchase

Year the seller boughtPairsMedian change
20213minus 8.7%
20229minus 10.2%
20232minus 11.3%
20245minus 19.0%
20252minus 4.3%

Source: our grouping of the 21 recorded pairs above by the year of the earlier sale. Groups of two or three are illustrations, not a market measure. The deepest losses belong to 2024 buyers, who paid near Lennar's peak and resold in 2026 while Lennar was closing Terrace VI near $199,000. The one gain in the set, plus 5.6 percent, was a Terrace I unit bought in November 2021 at $233,000, the collection's lowest-priced era, and the one flat pair is a unit that sold twice inside the window at $230,000.

The highest Terrace resale of the year, read from the deed

The top recorded Terrace resale in the twelve months was a 1,301-square-foot Carolina-size unit at 5715 Double Eagle Circle in Terrace III, which recorded at $269,000 on 16 March 2026 (Official Records Book 6566, Page 1875). The same unit had recorded at $302,000 on 30 November 2023, its first sale from Lennar, so even the year's best Terrace resale closed 10.9 percent under its purchase price. It sold in March, inside the February and March window that carried 9 of the year's 22 resales, and it was the largest plan in a golf-labelled building on Lennar's map. That is the shape of a strong Terrace sale in this market: the right plan, the right season, a membership to point to, and a price set inside the recorded resale band rather than at the purchase price.

What it means for your list price

A seller who bought in 2021 sits near the market on medians, since Lennar's 2021 builder median of $227,999 is close to today's $231,000 resale median, although the three 2021 units that resold closed a median 8.7 percent below their own purchase prices. A seller who bought in 2023 or 2024 is likely to sell below the purchase price and should plan for it rather than discover it after three price reductions. Your own purchase price is in the county record, and we show you where your unit sits before you decide anything.

How Do You Compete With Lennar's Final Terrace Closings?

You compete with Lennar's final Terrace closings by pricing inside the recorded resale band and showing what a new Terrace VI unit did not have: an owner-run association, a golf-labelled building, an upper floor or end unit, upgrades and furnishings. Lennar's 2026 closings recorded a $199,000 median, and they are now comparable sales, not live inventory.

Data updated: October 2026 (Collier County recorded qualified sales through 11 August 2026; lennar.com read 1 October 2026).

Lennar's Terrace closings, building by building

Lennar buildingAddressAssociationFirst recorded closingFirst-sale median (units)
36058 National BlvdTerrace I29 Nov 2021$226,999.50 (24)
46046 National BlvdTerrace I28 Feb 2022$241,000 (30)
56034 National BlvdTerrace I30 Nov 2022$258,000 (30)
475835 Double Eagle CirTerrace II28 Feb 2023$269,500 (30)
465807 Double Eagle CirTerrace II23 May 2023$269,000 (30)
455749 Double Eagle CirTerrace III31 Aug 2023$275,000 (30)
445715 Double Eagle CirTerrace III30 Nov 2023$283,000 (29)
435651 Double Eagle CirTerrace IV28 Feb 2024$286,000 (30)
425629 Double Eagle CirTerrace IV23 May 2024$271,500 (30)
415583 Double Eagle CirTerrace V29 Aug 2024$255,000 (30)
395555 Double Eagle CirTerrace V5 Nov 2024$247,000 (30)
385527 Double Eagle CirTerrace V27 Feb 2025$237,500 (30)
375491 Double Eagle CirTerrace VI10 Nov 2025$205,000 (30)
36not yet addressed on the 2026 rollTerrace VI12 Jun 2026$195,000 (21)

Source: Collier County Property Appraiser, 2026 tax roll data files; the first qualified sale of each unit stands in for the Lennar closing, and building numbers are read from the county unit numbers. Building 36 had 21 recorded first sales by 11 August 2026.

Lennar is sold out: what changes for a Terrace seller

On 1 October 2026 the Terrace collection page on lennar.com showed the collection as sold out, the same status it showed on 23 September. For the first time since 2021 a Terrace resale seller is not competing with a Lennar sales center down the street. The builder's influence does not disappear, though: its 2026 closings at a $199,000 median stay in the county record, and a buyer's appraiser will read them as the most recent sales in the collection. The resale seller's job is to show why a specific unit is worth more than those deeds.

What a resale offers that a new Terrace VI unit did not

  • An owner-run association. Terrace I, II and IV list non-Lennar officers on their 2026 annual reports and Terrace VI's officers are Lennar's team, so a buyer of an older building is not waiting on developer turnover.
  • A golf-labelled building. Lennar's 2024 site map labels Terrace II to V buildings golf and Terrace VI non golf; the golf club estoppel confirms each unit's class.
  • Floor and position. In January 2022 a Lennar representative said the third- and fourth-floor condos and the Carolina end units sell first.
  • A settled unit. Window treatments, furnishings, upgrades and a known service record are things a new unit's buyer still has to add.
  • A building with a history. An older association can show budgets, insurance renewals and a reserve record a brand-new association has not built yet.

What we do with it

We build your comparison from three columns: recorded resales of your plan size across all six associations, Lennar's recorded closings for the same plan in Terrace V and VI, and the active Terrace listings at the time you list. Then we price your unit where the record says a buyer will pay for its specific advantages, and we write the listing around them.

Is Now a Good Time to Sell a Terrace Condo?

Now is a workable time to sell a Terrace condo, with one caution. With Lennar sold out, Terrace resale sellers no longer compete with new inventory, and 17 resales closed from January to August 2026 at a $232,000 median. The caution is the price: 19 of 21 recent sellers closed below what they paid, so your purchase year decides how a sale feels.

An illustration, before costs: a Terrace owner who bought new in 2023 at the $273,000 builder-direct median and sold in 2026 at the $232,000 resale median would sit about $41,000, or 15 percent, below the purchase price. Individual units differ, so we show you your own position from your recorded purchase.

What favors Terrace sellers right now

  • No new Terrace inventory. Lennar's Terrace collection is sold out, so a buyer who wants a Terrace unit has to buy a resale.
  • Steady demand. The collection recorded 22 resales in twelve months and 17 in the first eight months of 2026, against 10 in all of 2025.
  • A finished club. The National's 16,922-square-foot clubhouse opened on 24 March 2025, and the club runs eight pickleball, six tennis and two bocce courts.
  • Lower entry than Veranda. A $231,000 Terrace resale median against Veranda's $309,000 keeps Terrace the lower-cost way into a gated golf community in Ave Maria.

What works against Terrace sellers right now

  • Lennar's recorded prices. Building 36's first 21 closings recorded a $195,000 median from June to August 2026, and appraisers will read them.
  • Fees a buyer can see. The only published Terrace schedule shows $930.54 a month all-in for Terrace VI, including the district lines on the tax bill.
  • Condominium paperwork. A buyer's lender reads the reserves, insurance and any critical repairs, and every Terrace building falls under Florida's reserve study law.
  • A thin record per building. Four of the six associations had one to four resales in the year, so a single sale can move a building's median.

When in the year to list

Southwest Florida's buyer traffic peaks in late winter, and Terrace followed it: 9 of the year's 22 resales recorded in February and March 2026, against one a month in the fall of 2025. A Terrace unit listed in late fall or early winter is ready when that traffic arrives, with its estoppels and condominium file in hand, and we time your listing to your own plans.

How Do We Price a Terrace Condo?

We price a Terrace condo from the recorded resales of the same plan size across all six associations, adjusted for floor and end-unit position, building and association, membership, condition and furnishings, then test that price against Lennar's recorded Terrace V and VI closings and the active listings. The right Terrace price is the one that wins that side-by-side for your unit.

The inputs to your price

InputWhy it matters at Terrace
Plan sizeArbor 1,120, Birkdale 1,154 and Carolina 1,301 square feet; the county's recorded heated areas match Lennar's published sizes exactly
Recorded resales of your planThe only price level a buyer and an appraiser will accept
Lennar's recorded closings2026 builder-direct median $199,000; Building 36 at $195,000
Floor and positionCarolina units sit only at the two ends of floors one to three; Lennar said upper floors and Carolinas sold first
Building and associationSix associations with their own declaration, budget, manager and board
MembershipLennar's map labels Terrace II to V golf and Terrace VI non golf; confirmed per unit on the estoppel
Condominium fileBudget, reserves, SIRS status and insurance a buyer's lender reviews
Flood letterEach addressed building has a FEMA letter removing the structure from the high-risk area
Condition and contentsUpgrades, furnishings and window treatments a new unit did not include

Pricing by plan size

Heated size (plan)Resales, last 12 monthsResale medianRangeMean price per sq ft
1,120 sq ft (Arbor size)2$220,000$215,000 to $225,000$196.43
1,154 sq ft (Birkdale size)15$230,000$210,000 to $246,000$197.60
1,301 sq ft (Carolina size, with den)5$260,000$240,000 to $269,000$198.54
All 22 resales22$231,000$210,000 to $269,000$197.71

Source: Collier County Property Appraiser, 2026 tax roll data files, resales September 2025 to August 2026, grouped by the county's recorded heated area. Price per square foot is the mean of each sale's own price divided by its heated area. The flat price per square foot, about $198 across all three sizes, is the useful finding: Terrace buyers are paying for space at a steady rate, so the Carolina's premium is mostly its extra 147 to 181 square feet and its den.

Pricing by floor and position

Every Terrace building with heated area on the 2026 roll has the same 30-unit layout, read from the county unit numbers, which encode building, floor and position:

FloorPosition 12345678
Floors 1, 2 and 3Carolina 1,301Birkdale 1,154Birkdale 1,154Arbor 1,120Arbor 1,120Birkdale 1,154Birkdale 1,154Carolina 1,301
Floor 4Birkdale 1,154Birkdale 1,154Arbor 1,120Arbor 1,120Birkdale 1,154Birkdale 1,154nonenone

Source: Collier County Property Appraiser, 2026 tax roll data files, heated area by unit, matched to Lennar's published plan sizes; plan names by position are our reading of the sizes, since Lennar publishes no unit-by-unit plan list. The fourth floor has six homes and no Carolina. The county file does not isolate a floor premium, so we price a top-floor or end unit from the closest recorded sales of the same plan and the active competition, and we describe the view and light in the listing rather than assume a fixed premium.

Pricing by building and association

The building sets the association, and the association sets the condo assessment, manager, declaration and, on Lennar's map, the membership label. Terrace I's 14 resales recorded a $230,000 median; Terrace IV's 4 recorded $235,000; Terrace II, III and V recorded one or two each. Where a building's own record is thin, we price from the same plan in neighboring buildings and adjust for the association differences a buyer will see on the estoppel.

What we will not do

We will not quote you your purchase price, or a high number to win the listing. With 19 of 21 recent Terrace sellers closing below their earlier price, an over-priced Terrace unit sits, collects reductions and ends up selling for less than a well-priced one would have. We give you the range the record supports and a plan to reach the top of it.

What Will a Terrace Buyer Ask About Flood, Storms and Insurance?

A Terrace buyer will ask for your building's FEMA flood letter, whether the lender still requires flood insurance, how the building came through Hurricanes Ian and Milton, and where the association's master policy stops and the owner's HO-6 policy starts. Answering those in the listing keeps the buyer's lender and insurer on schedule.

The flood letter for your building

FEMA's effective flood map, panels 12021C0270H for Terrace I and 12021C0260H for Terrace II to VI, both dated 16 May 2012, predates the buildings and draws their sites in Zone AH or AE. FEMA later issued Letters of Map Revision based on Fill that remove each addressed Terrace building from the Special Flood Hazard Area:

FEMA caseLetter dateTerrace buildings removedLowest adjacent grade (NAVD88)
21-04-0744A22 Dec 20206058, 6046 and 6034 National Blvd, Terrace I22.5 ft
22-04-3888A28 Jun 20225715 and 5749, Terrace III; 5807 and 5835, Terrace II22.5 to 23.2 ft
23-04-2433A21 Mar 20235491, Terrace VI; 5527, 5555 and 5583, Terrace V; 5629 and 5651, Terrace IV22.8 to 23.2 ft

Source: FEMA Map Service Center letters, read 1 October 2026. Each letter places the structure in Zone X (shaded), notes that portions of the property remain in the high-risk area, and states that the federal mandatory flood insurance requirement does not apply while the lender may still require it. The nearest base flood elevation line to Terrace I reads 21.0 feet (NAVD88). We put the case number for your building in the listing so the buyer's lender has it on day one, and we never describe a Terrace building as Zone X without the letter.

The storm question

The oldest Terrace buildings came through Hurricane Ian in 2022 and Hurricane Milton in 2024. Ave Maria's developer reported that the town sustained minor landscape damage after Ian, and in July 2026 said the town did not experience community-wide damage or disruption to essential services; those are the developer's statements, not measurements, and we found no Terrace-specific damage report. Lennar's features list names concrete block and stucco construction, a tile roof and hurricane impact windows and sliding glass doors. A buyer will still ask about any claim on your unit, and the association answers for the building.

Master policy versus your HO-6

Under s. 718.111(11) of the Florida Statutes the association insures the condominium property as originally installed, at replacement cost set by an independent appraisal at least every three years, and the policy excludes floor, wall and ceiling coverings, fixtures, appliances, water heaters, built-in cabinets and countertops and window treatments, which are the owner's. Under s. 627.714 a unit-owner policy must include at least $2,000 of loss assessment coverage. On the Terrace VI schedule, building insurance sits inside the condominium assessment. Hand us your HO-6 declarations page and any upgrade receipts; a buyer's insurer quotes from the same facts.

Florida's flood disclosure

Florida requires a seller of residential property to give the buyer a flood disclosure at or before contract under s. 689.302 of the Florida Statutes, stating whether the seller has filed a flood insurance claim, received federal flood assistance, and whether the property has flood insurance. We prepare it with you, beside your building's FEMA letter.

What Should a Terrace Seller Know About Fees, Membership and the Condominium Documents?

A Terrace seller should know that a buyer sees up to five fee layers, that only Terrace VI's 2026 fees are published, that membership is set by building and confirmed per unit on the estoppel, and that every Terrace building falls under Florida's reserve study and milestone laws. A clear fee and document sheet in the listing prevents renegotiation later.

The 2026 Terrace VI fee schedule a buyer will compare

Line (2026, non golf)AnnualWhat the schedule says it covers
Ave Maria Master Association$812.00common area maintenance
The National at Ave Maria Property Owners Association$3,928.00bulk basic cable, common area maintenance, gated access control and amenity maintenance
Terrace VI condominium assessment$3,884.00reserves, building maintenance, water and sewer, trash, building insurance, janitorial and landscaping
Club food and beverage minimum$750.00non-alcoholic restaurant minimum, billed for any shortfall at year end
Association charges, total$9,374.00 ($781.17 a month)
Stewardship District debt service (tax bill)$950.46collected on the property tax bill
Stewardship District operations and maintenance (tax bill)$841.98collected on the property tax bill
All-in, per year$11,166.44 ($930.54 a month)our arithmetic

Source: Lennar Homes, LLC, Schedule of Unit Owner's Assessments, Terrace VI, Buildings 37 and 36, non golf, dated 30 December 2025, covering 1 January to 31 December 2026. The Ave Maria Stewardship Community District is an independent special district under Chapter 189 of the Florida Statutes, and its two lines appear on the Collier County tax bill.

Terrace I to V fees, and the lennar.com figure

No 2026 budget or fee schedule for Terrace I to V is published by Lennar, the associations or their managers, and those associations have different insurance, reserve and maintenance histories from Terrace VI, so we never assume they match. Each association manages more than 25 units, so s. 718.111(12) requires it to post its budget on a website or app, and your estoppel shows your unit's current figure. On 1 October 2026 lennar.com showed an approximate HOA fee of $911.42 a month for the Terrace collection, $130.25 above the dated schedule's $781.17 and unexplained on the page; we publish the dated schedule and ask the manager about the difference.

Golf or social: which buildings carry which membership

Lennar's site map titled "Golf and Non Golf", file dated 12 November 2024 and marked conceptual, labels Terrace Buildings 38, 39 and 41 to 47 (Terrace II to V) golf and Buildings 36 and 37 (Terrace VI) non golf; Terrace I's Buildings 3 to 5 carry no label, and they sold in 2021 and 2022, when Lennar said all of these condos offered a bundled golf membership. The 2026 golf dues are not published in any record we found, so we order the golf club estoppel at listing and state your unit's membership class exactly, rather than quote a number we cannot support.

The estoppels a Terrace sale needs

A Terrace resale usually needs estoppels from the Terrace condominium association, The National's property owners association and the Ave Maria Master Association, plus the golf club when the unit carries a membership. Under s. 718.116(8) the condominium association issues its certificate within 10 business days, with a fee cap of $250 when nothing is delinquent, up to $100 more for delivery within three business days and up to $150 more if the account is delinquent; the property owners and master associations issue theirs under s. 720.30851. Cambridge Management, which manages Terrace I, II and IV, takes estoppel orders through HomeWiseDocs; Tropical Isles Management Services manages Terrace III, V and VI.

Structural integrity reserve study and milestone inspection

At four habitable stories, every Terrace building falls under s. 718.112(2)(g), which requires a structural integrity reserve study at least every ten years, and under s. 553.899, which requires a milestone inspection by 31 December of the year a building reaches 30 years from its certificate of occupancy. The buildings were completed from 2021 to 2026, so first milestones fall around the 2050s, but the reserve study, the reserve funding rules and the turnover inspection for Terrace VI apply now. We do not describe what any Terrace association's study contains; the Florida Division of Condominiums publishes SIRS reporting databases searchable by the Terrace project numbers PR76949, PR77217, PR77302, PR77341, PR77481 and PR77571, and we request the study from your association before you list.

Who controls your association

Association2026 Sunbiz officersManager (2026)Builder sales, last 12 monthsOur reading
Terrace Inon-Lennar, care of the managerCambridge Management0owner-controlled
Terrace IInon-Lennar, care of the managerCambridge Management0owner-controlled
Terrace IIItwo non-Lennar officersTropical Isles0probably owner-controlled; confirm
Terrace IVnon-Lennar, care of the managerCambridge Management0owner-controlled
Terrace Vnon-Lennar, care of the managerTropical Isles12probably owner-controlled after Lennar's final closings; confirm
Terrace VILennar staff at Lennar's Fort Myers officeTropical Isles51Lennar-controlled

Sources: Florida Division of Corporations 2026 annual reports; Collier County recorded sales. Under s. 718.301 owners take a board majority on the earliest of several triggers, and under s. 718.112(2)(g) Lennar must have a turnover inspection report for each Terrace VI building before it hands over control. A Terrace VI buyer will ask about turnover; we ask the manager what is planned.

Leasing, pets and the post-tension slab rule

The recorded Terrace I declaration (Official Records Book 6020, Page 1141) and Terrace VI declaration (Book 6474, Page 1587) set the same lease terms in Section 18.9: whole-unit leases of at least 30 days, no more than 12 a year, no subleasing, on association-approved forms. Section 18.13 allows up to three dogs or cats, no more than two dogs. Section 18.14 of the Terrace I declaration bars penetrating the post-tension concrete slabs without board permission, which matters to an investor buyer planning seasonal rentals and to any buyer planning ceiling fans or recessed lights. Terrace II to V each have their own recorded declaration, and their rules are read in your disclosure package.

What Disclosures Does a Terrace Seller Owe?

A Terrace seller owes the buyer the condominium document package under s. 718.503(2) of the Florida Statutes, the known material defects that are not readily observable, Florida's flood disclosure at or before contract, and accurate answers about membership and fees. The contract must carry the statutory legend making it voidable by the buyer within 7 days.

The s. 718.503(2) resale package

On a resale by a unit owner other than the developer, the seller must give the buyer the declaration, articles, bylaws and rules, the annual financial statement and annual budget, the most recent structural integrity reserve study or a statement that none has been completed, any milestone inspector's summary, any turnover inspection report, the frequently asked questions and answers sheet and the governance form. The contract must state that it is voidable by the buyer by written notice within 7 days, and a contract without the legend is voidable at the buyer's option before closing. We order the package from your manager the week you list.

The association disclosure summary: a fork at Terrace

Terrace owners sit under two regimes at once. Your unit is in a Chapter 718 condominium, and your home is also inside The National's property owners association and the town-wide Ave Maria Master Association. Section 720.401 of the Florida Statutes requires a disclosure summary before the buyer signs a contract for a parcel in a homeowners' association, with a 3-day cancellation right if it is missing, but s. 720.401(2) states that the section does not apply to associations regulated under Chapter 718. How that fork applies to a Terrace resale is a question for your closing agent or attorney, and we raise it with them at listing. This is information, not legal advice.

Items Terrace buyers ask about most

Which membership the unit carries and what it costs, the condo assessment for your association and what it covers, any special assessment or planned reserve increase, the reserve study status, who manages the building and whether Lennar still controls it, the FEMA letter number, the elevator, the carport, the lease rules for a buyer who plans to rent, and the post-tension slab rule for a buyer who plans to remodel.

How Do We Market a Terrace Condo?

We market a Terrace condo to the buyers who choose a lock-and-leave home in a gated golf community: seasonal owners, golfers, retirees, first-time owners and investors who rent by the month. We lead with what your unit and building offer that Lennar's last units did not, and we put the condominium, flood and membership facts in the listing itself.

What goes into every Terrace listing

  • Professional photography, video and an aerial that shows your building's setting, the course and lakes, and the drive to the clubhouse.
  • A plan sheet naming your plan (Arbor, Birkdale or Carolina), floor and position, with the plan's recorded resale median beside your price.
  • A side-by-side of your unit against Lennar's recorded Terrace V and VI closings for the same plan, so a buyer sees the difference in writing.
  • The document sheet: your association and manager, the condo assessment, the membership class from the club estoppel, the FEMA letter number and the SIRS status.
  • What the club offers: an 18-hole Gordon Lewis course of 4,546 to 7,309 yards at par 72, the clubhouse that opened in March 2025, eight pickleball, six tennis and two bocce courts, and dining at The Hammock and Champions Table.
  • Syndication across the major home-search sites and our team's search at DomainRealtyGroup.com, and direct outreach to the agents who sell in Ave Maria.

Reaching the seasonal and out-of-state buyer

Many Terrace buyers will own from out of state, and a buyer who will not live in the unit full time reads the fee stack, the insurance split and the lease rules closely. We answer those in the listing, explain the elevator, carport and lanai, and run showings and paperwork remotely for buyers who cannot fly in until contract.

Reaching the golfer and the investor

For a unit in a golf-labelled building we lead with the membership class from the club estoppel, because a golfer compares it with paying separately to play. For an investor we lead with the recorded lease terms: whole-unit leases of at least 30 days, up to 12 a year, which allow monthly seasonal renting but not nightly or weekly stays.

How Do We Negotiate a Terrace Sale?

We negotiate every Terrace offer on the full terms, not only the price: the closing-cost credit a buyer asks for, the inspection requests, the appraisal against Lennar's recorded closings, the 7-day condominium review, the estoppel costs and the closing date. In a market where most sellers close below their purchase price, protecting your net matters as much as the headline number.

What we watch in every offer

  • Seller credits. A buyer comparing your unit with Lennar's $199,000 closings will often ask for help with closing costs; we weigh a credit against a price change for your net.
  • Inspection requests. The roof, structure, elevator and exterior belong to the association, so a unit inspection is narrower; we separate safety and function items from wish lists.
  • The condominium review period. The 7-day voidability window under s. 718.503 starts when the buyer receives the package, so we deliver it complete and early.
  • Financing. A conventional lender runs a condominium project review; Fannie Mae treats a project needing critical repairs as ineligible, so we confirm the association's budget and reserves before we accept a financed offer.
  • Estoppels and dates. Who pays which estoppel, and a closing date that fits your next move.

Defending the appraisal against Lennar's closings

An appraiser will see Lennar's 2026 Terrace closings in the record. We give the appraiser the recorded resales of your plan, the resale pairs, the plan-size table and the specifics of your unit, so the value rests on resales rather than on a builder closing of a different building and floor.

Multiple offers and slow weeks

When two buyers want the same unit we run a clean highest-and-best process; when a unit has been listed for a while we review the price against the newest recorded Terrace sales and the active competition before we recommend any change.

What Does It Cost to Sell a Terrace Condo?

Selling a Terrace condo typically costs about 4.7 to 4.9 percent of the price before any buyer-agent compensation, and about 7.2 to 7.4 percent if the seller also offers the buyer's side, once commissions, the deed stamp tax, closing fees, the condominium estoppel and the tax and district proration are counted. In Collier County the buyer customarily pays the owner's title policy, so it is not in these figures.

Data updated: October 2026 (s. 201.02 and s. 718.116, Florida Statutes; Lennar Terrace VI schedule dated 30 December 2025; Collier County recorded resale medians).

Three Terrace net sheets

These examples use the twelve-month resale medians for the Arbor size, all Terrace resales and the Carolina size. Commission lines are examples of negotiated terms, not set rates. The proration assumes a 30 June closing and applies Lennar's approximate 1.1 percent Terrace tax rate to the price plus the Terrace VI district lines; it is our estimate, and your title company prorates from your actual bill.

Estimate for illustration$220,000 Arbor size$231,000 Terrace median$260,000 Carolina size
Listing-side commission, example 2.5%$5,500$5,775$6,500
Buyer-side compensation if the seller offers it, example 2.5%$5,500$5,775$6,500
Deed documentary stamp tax, $0.70 per $100$1,540$1,617$1,820
Title search and settlement fee, estimate$1,200$1,200$1,200
Municipal lien search, estimate$175$175$175
Condominium association estoppel at the $250 cap$250$250$250
Tax and district proration credit to the buyer, estimate$2,106$2,167$2,326
Estimated total, with buyer-side compensation$16,271 (7.4%)$16,959 (7.3%)$18,771 (7.2%)
Estimated total, without it$10,771 (4.9%)$11,184 (4.8%)$12,271 (4.7%)

A mortgage payoff, the property owners association, master association and golf club estoppels, any repair credit, any special assessment and any seller concession are separate, and your closing statement lists each one.

Documentary stamp tax

Florida's documentary stamp tax on a deed is $0.70 for every $100 of the price in every county except Miami-Dade, under s. 201.02 of the Florida Statutes: $1,617 on a $231,000 Terrace sale. The standard Florida Realtors and Florida Bar contract assigns it to the seller by default.

Title insurance in Collier County

Florida sets title insurance premiums by rule, so every title company charges the same premium for the same coverage. Who pays the owner's policy and who chooses the closing agent is a choice in the contract, and in Collier County the buyer customarily pays the owner's policy and chooses the closing agent, the reverse of Lee and Charlotte Counties. Your contract controls, and we set it deliberately.

The tax and district proration

Collier County property taxes and the Stewardship District's two assessments are billed together in November for the calendar year, so at a closing before the bill is paid the seller credits the buyer for the days the seller owned the unit. On the Terrace VI schedule the district lines were $950.46 for debt service and $841.98 for operations and maintenance; Terrace I to V debt lines are not on a published schedule, so we use your actual bill.

Commissions after the NAR settlement

Since 17 August 2024, the rules that came out of the National Association of Realtors settlement bar offers of buyer-broker compensation on the MLS and require buyers to sign a written agreement with their own agent before touring. Commissions were always negotiable and remain so. Ave Maria's builders work with buyer's agents every week, so a resale seller who offers nothing to the buyer's side can lose showings; we walk through that choice with you in writing. For the statewide breakdown, see our guide to seller closing costs in Florida.

Selling when the payoff is close to the price

Florida does not restrict a sale below the purchase price; what matters is whether the proceeds cover your mortgage payoff and closing costs. If your payoff is close to the expected price, talk to your lender early, and we will run your net at two or three prices before you list.

Do I Pay Capital Gains Tax When I Sell My Terrace Condo?

Florida has no state income tax, so a Terrace sale is taxed only federally. A main home owned and lived in for two of the last five years usually qualifies to exclude up to $250,000 of gain, or $500,000 on a joint return. Many Terrace sellers will have no gain at all, and a loss on a personal home is not deductible, so talk to a tax professional first.

The primary-residence exclusion

The Internal Revenue Service's Topic 701 explains the section 121 exclusion: a seller who owned and used the home as a main home for at least two of the five years before the sale can generally exclude up to $250,000 of gain, or $500,000 on a joint return. A Terrace unit used as a second home or a rental does not qualify for the exclusion. We are not tax advisers, and every seller's situation differs.

A sale below what you paid

With 19 of 21 recent Terrace resales closing below the earlier price, many sellers will record a loss. The IRS treats a loss on the sale of a home used personally as not deductible; a unit held as a rental is treated differently. Bring your closing statements from the purchase and the sale to your tax professional.

Foreign sellers: FIRPTA withholding

Under the Foreign Investment in Real Property Tax Act, a buyer generally must withhold 15 percent of the amount realized when buying from a foreign person, with an exemption for a sale of $300,000 or less to a buyer who will live in the home. Every Terrace resale in the last twelve months was below that line, the highest at $269,000, so the exemption can apply when the buyer will occupy the unit. A foreign seller should tell the title company at listing.

Taking your homestead savings with you

Florida's portability rule lets a homesteaded seller carry up to $500,000 of the Save Our Homes assessment difference to a new Florida homestead established within the following three years. If you are selling a homesteaded Terrace unit to buy elsewhere in Florida, file for the new homestead and portability together with the property appraiser in your new county.

Should I List, Sell for Cash or Sell by Owner at Terrace?

Most Terrace sellers net the most by listing with an agent who can price against Lennar's recorded closings and deliver the condominium package on time, because the open market is where the full buyer pool sees the unit. A cash offer trades price for speed, and selling by owner saves a commission but leaves you to run the s. 718.503 package and the estoppels yourself.

RouteWho sees the unitPaperworkTypical price result
List with McGreevy and ComisarEvery buyer shopping Ave Maria condos, including agents' buyersWe order the s. 718.503(2) package, the estoppels and the FEMA letterPriced inside the recorded resale band, defended at appraisal
Cash offer from an investorOne buyerThe investor's closing agentUsually below the resale median, to cover the investor's costs and profit
Sell by ownerBuyers who search by-owner listingsYou order everything and carry the 7-day voidability riskDepends on pricing without the recorded comparison

Listing

A listed Terrace unit reaches every buyer looking at Ave Maria condos, including those working with agents who also show Veranda and the other villages. Listing also gives you a negotiator on the full terms, including the condominium review period, the estoppels and the appraisal.

Selling for cash to an investor

Cash offers usually come in below the recorded resale median, because the buyer is pricing in repairs, holding costs, the fee stack and profit. With Terrace resales already only $26,000 above Lennar's twelve-month builder median, an investor's discount can leave little for you. For a unit that needs major work, or a seller who must close in days, that trade can still make sense; we will show you both nets side by side.

Selling by owner

Florida lets you sell your own home, but at Terrace you still owe the buyer the full s. 718.503(2) package and the statutory legend, you order estoppels from up to four entities, and you price against Lennar's recorded closings without help. Many buyers are represented by agents who may skip a by-owner listing that offers no buyer-agent compensation. You still owe every disclosure a listed seller owes.

How Do I Get a Free Valuation of My Terrace Condo?

Request a free valuation of your Terrace condo using the Home Valuation form on this page, or call Jesse direct at (239) 898-6072. We send a value built from the recorded resales of your plan, the resale pairs in your association and Lennar's recorded closings for the same plan, adjusted for floor, position, membership, condition and furnishings, the same day.

What we need from you

McGreevy and Comisar, Top 1% Real Estate Agents Nationally Since 2008 and the #1 Team in Southwest Florida since 2012, prepare every Terrace valuation personally. Your address and unit number, your building, the plan if you know it, the membership class on your last club statement, upgrades and furnishings with dates, whether the unit is leased, your last association statement and any notice of a special assessment. With that, we can give you a range the same day and a full pricing file after a walk-through.

Get your number before you list

Get your free Terrace condo valuation and we will send a value built from recorded Terrace sales, not a ZIP-wide estimate. For the full valuation method, read our Terrace home valuation guide. Confidential conversations are welcome, and there is no obligation to list.

What Terrace and Ave Maria Sellers Say About Working With Us

Jesse McGreevy is a top-reviewed Terrace Condominiums listing agent and Marc Comisar is a top-reviewed Southwest Florida realtor; every review below is copied in full from our Google Business Profile, where you can read them all.

Charlie Carroll, seller

★★★★★ "Their recommendation on pricing my unit was sound and proved prescient. I never questioned their integrity and found it easy to rely on their recommendations. I would work with them again in a heartbeat." Verified Google review

Eric Acra, seller

★★★★★ "Not living in the area, Jesse made life easy for me when we decided to sell our condo. His attention to detail, patience, understanding, and tenacity in dealing with all the moving parts was truly impressive." Verified Google review

Sandra Decker, seller

★★★★★ "We had been on the market for several months with no offers. When we signed with Marc our house was sold in 2 weeks. He has a unique system for selling homes." Verified Google review

Candy Gody, seller

★★★★★ "I have had 13 real estate transactions and this is the most professional and helpful agency that I have ever worked with. Marc actually called me with a response to my questions and concerns on a Sunday evening. The resources that this agency has access to goes above and beyond any other I have ever worked with. The professional process that they use to present your home for sale goes beyond anything I have ever experienced." Verified Google review

Donald Vogler, seller

★★★★★ "Jesse was very professional, helpful and kept in touch with ideas and suggestions which developed into a sale. Highly recommend his company for their excellent follow through." Verified Google review

Katharine Shea, seller

★★★★★ "Marc and Jesse were amazing to work with AGAIN! We just sold our 3rd home with them and couldn't have been happier! If we ever move again we'll always call Jesse and Marc!" Verified Google review

Frequently Asked Questions, Terrace Seller Edition

These are the questions Terrace owners ask us most, answered from the Collier County recorded sales file, the recorded Terrace declarations, Lennar's documents, FEMA's Terrace letters and Florida's condominium statutes. If yours is not here, use the valuation form on this page or call Jesse direct at (239) 898-6072.

Who is the best listing agent for a Terrace condo at The National?

The best Terrace listing agent prices from your plan's recorded resales and Lennar's final closings and delivers the condominium package on time. McGreevy and Comisar are Top 1% Real Estate Agents Nationally Since 2008 and the #1 Team in Southwest Florida since 2012, and we price every Terrace unit from its own building, floor and plan.

What is my Terrace condo worth in 2026?

The twelve-month Terrace resale median is $231,000 across 22 recorded resales, from $210,000 to $269,000. By plan, the Arbor size recorded $220,000, the Birkdale size $230,000 and the Carolina size $260,000. Request a free Terrace valuation for a number built from your own unit.

How many Terrace condos sell each year?

The county recorded 85 qualified Terrace sales from September 2025 to August 2026: 22 resales and 63 Lennar closings. With Lennar sold out, future years will be resales only.

Why are Terrace resale prices below what owners paid?

Lennar's builder-direct Terrace median fell from $280,000 in 2024 to $199,000 in 2026 while it was still closing new units, and resales are priced against those deeds. Of 21 resale pairs in the last twelve months, 19 closed below the earlier price.

Will Terrace prices go back up?

No one can promise it. What the record shows is that Lennar is sold out, so new builder closings will stop adding lower comparables, and the twelve-month resale median of $231,000 and the 2026 median of $232,000 sit close together.

Can I sell my Terrace condo for less than I paid?

Yes. Florida does not restrict a sale below the purchase price; you need enough proceeds, or funds at closing, to pay off any mortgage and the closing costs.

How long does it take to sell a Terrace condo?

The county record carries no days on market, so we read current marketing time from active and recent listings when we prepare your valuation. Pricing inside the recorded resale band and having the condominium package ready are the two factors a seller controls.

Is it a good time to sell a Terrace condo?

With Lennar sold out, Terrace sellers no longer compete with new inventory, and 17 resales closed from January to August 2026. Whether now suits you depends on your purchase price and plans; your valuation lays out the numbers.

What is the best time of year to list a Terrace condo?

Late fall or early winter, so the unit is ready for the late-winter buyer traffic: 9 of the year's 22 Terrace resales recorded in February and March 2026.

Does my plan change my price?

Yes. Carolina-size resales recorded a $260,000 median against $230,000 for the Birkdale size and $220,000 for the Arbor size, at nearly the same price per square foot, about $198.

Does my floor change my price?

The county file does not record a floor premium directly. Lennar said in 2022 that third- and fourth-floor units and Carolina end units sold first, so we describe the view and light and price from the closest recorded sales of your plan.

Does it matter which Terrace building I sell in?

Yes. The building sets your association, manager, condo assessment, declaration and, on Lennar's map, the membership label. Terrace I supplied 14 of the 22 resales in the last twelve months at a $230,000 median.

Does a golf membership help my Terrace resale?

A golf-membership unit appeals to golfers who would otherwise pay separately to play. The county record cannot yet isolate a golf premium at Terrace, so we state your unit's class from the golf club estoppel and let the buyer weigh it.

Which Terrace buildings carry golf membership?

On Lennar's November 2024 site map, Terrace II to V buildings are labelled golf and Terrace VI non golf; Terrace I sold when Lennar described its condos as bundled golf. The club estoppel confirms each unit.

How do I compete with Lennar's final Terrace closings?

Price inside the resale band and market what a new Terrace VI unit lacked: an owner-run association, a golf-labelled building, an upper floor or end unit, upgrades and furnishings.

Will a buyer pay more for my unit than Lennar's last ones?

On the record, yes: Terrace resales recorded a $231,000 median against $205,000 for Lennar's closings in the same twelve months. Part of the gap is plan mix and finish, so we price your specific unit.

What are the 2026 fees a Terrace buyer will see?

On Lennar's 2026 Terrace VI schedule, association charges total $9,374 a year, $781.17 a month, and the district adds $1,792.44 on the tax bill, for $930.54 a month all-in. Terrace I to V figures come from each association.

Are there special assessments at Terrace?

We cannot tell from a public record. The estoppel certificate shows any special assessment, and we ask your association in writing before you list.

Can I sell my Terrace condo with a special assessment pending?

Yes. The estoppel shows it, and the contract decides who pays installments due after closing. Anything past due is settled at closing, because a buyer is jointly liable for unpaid assessments under s. 718.116(1).

What documents must I give a Terrace buyer?

Under s. 718.503(2): the declaration, articles, bylaws and rules, the annual financial statement and budget, the most recent SIRS or a statement that none is complete, any milestone summary and turnover inspection report, the frequently asked questions sheet and the governance form.

What is a condo estoppel certificate, and what does it cost?

It is the association's signed statement of what your unit owes. Under s. 718.116(8) it is issued within 10 business days, with a $250 cap when nothing is delinquent, up to $100 more for three-day delivery and up to $150 more if the account is delinquent.

How many estoppels does a Terrace sale need?

Usually three or four: your Terrace condominium association, The National's property owners association, the Ave Maria Master Association and, for a membership unit, the golf club.

Who pays the estoppel fee when I sell?

The contract decides. The condominium certificate is capped under s. 718.116(8), and the other entities' fees appear on the closing statement.

Does the SIRS or milestone law affect my Terrace resale?

Every Terrace building falls under both statutes, and you must deliver the most recent SIRS or a statement that none is complete. A buyer's lender reads the reserves and any critical repairs, so a complete, funded record helps your sale.

What if my association has not posted its SIRS?

Request it in writing; under s. 718.111(12) the association must make records available within 10 working days, and associations of 25 or more units must post SIRS reports on their website or app.

Is my Terrace building in a flood zone?

FEMA's 2012 map draws the Terrace sites in Zone AH or AE, but FEMA letters from 2020 to 2023 remove each addressed building from the high-risk area, while portions of each tract remain in it and a lender may still require flood insurance.

Which FEMA letter covers my building?

21-04-0744A for Terrace I, 22-04-3888A for Terrace II and III, and 23-04-2433A for Terrace IV, Terrace V and Building 37 of Terrace VI.

Who pays the owner's title policy on a Terrace sale?

In Collier County the buyer customarily pays the owner's title policy and chooses the closing agent, so it is not a usual seller cost; your contract controls.

What is the deed stamp tax on a Terrace sale?

$0.70 per $100 of the price under s. 201.02: $1,617 on a $231,000 sale.

How much does it cost to sell a Terrace condo?

About 4.7 to 4.9 percent before any buyer-agent compensation and 7.2 to 7.4 percent with it, in our three examples, before your mortgage payoff and the non-condominium estoppels.

Do I have to pay the buyer's agent?

No. You choose whether to offer buyer-agent compensation or a concession. Offering nothing can cost you showings, so we weigh it with you in writing.

Can I sell my Terrace condo with a tenant in place?

Yes, subject to the lease. Leases under the declarations are written and association-approved, so a buyer can read the term, rent and deposit; a lease running past closing suits an investor buyer more than an owner-occupant.

Should I rent my Terrace condo instead of selling?

It depends on your carrying cost and goals. The declarations we read allow whole-unit leases of 30 days or more, up to 12 a year, and fees of about $930 a month on the only published schedule come out of the rent first.

Can I sell my Terrace condo as is?

Yes. An as-is contract still requires the condominium package under s. 718.503, and the buyer keeps the right to inspect, so tell us everything you know about the unit before you list.

What should I fix before listing?

Anything a buyer's inspector or insurer will flag inside the unit: water intrusion, air conditioning service, appliances and the lanai screen. Ask the board before any work touching the post-tension slabs.

How do I sell my Terrace condo if I live out of state?

We run the sale remotely: showings, feedback, the estoppels, the condominium package and a mail-away or remote closing arranged with the closing agent.

I inherited a Terrace condo. How do I sell it?

Confirm who has authority to sign, through probate or a trust, then value it from recorded sales, order the estoppels and decide whether to sell furnished or empty. We work with families and their attorneys through the process.

Can you help me buy my next home while I sell?

Yes. Marc leads our buyer representation, and we time both closings together. Call Marc at (239) 287-5873 or see how we represent buyers.

What is the first step?

Request a free valuation of your Terrace condo, or call Jesse direct at (239) 898-6072. We will send a value built from your plan's recorded sales and a plan to reach the top of the range.

Why Does a Terrace Specialist Matter When You Sell?

A Terrace specialist knows which of the six associations, which manager and which membership label sit behind each building, which FEMA letter covers it, what Lennar closed each building at, and how every recorded resale paired with its purchase price. That knowledge sets a price that sells and defends it through the appraisal and the 7-day condominium review.

We work Terrace building by building

Terrace is the largest condominium pool at The National, and our Terrace Condominiums at The National guide covers its buildings, declarations, flood letters and fees in full. For The National's other collections, see our village guide to selling a home at The National and the home valuation guide for The National.

If you are also buying

Many Terrace sellers are moving within Southwest Florida, or moving up to a Veranda condominium or a single-family home at The National. Our guides to buying a Terrace condominium and buying a home at The National explain how we time the sale and purchase together.

Thinking of Selling Your Terrace Condo? List With the #1 Team in Southwest Florida Since 2012

If you're searching for the best listing agent for Terrace Condominiums at The National, or thinking, "I need someone to sell my house in Ave Maria, Florida," McGreevy and Comisar helps owners price, market, negotiate and sell with a local strategy built for Ave Maria, Naples, Estero, Bonita Springs, Fort Myers, Collier County and Lee County. Whether you own an Arbor, a Birkdale or a Carolina, in Terrace I or Terrace VI, we provide local market guidance, professional listing exposure and a clear plan to help you sell confidently.

As the leaders of Domain Realty Group, our team has closed over $2.5 billion in real estate, and McGreevy and Comisar alone have over $900 million in personal sales.

  • Top 1% Real Estate Agents Nationally Since 2008
  • 5 Star Award for Customer Satisfaction for 21 Straight Years. Only 5 out of 21k+ Licensees (Gulfshore Life Magazine)
  • #1 Team in Southwest Florida since 2012
  • McGreevy and Comisar and their Domain Realty Group team have sold over $2.5 Billion in Real Estate
  • McGreevy and Comisar alone have over $900 million in Sales
  • Nationally Recognized Top Producing Realtors
  • Platinum Sales Production Award Winners

Terrace sold record, last 12 months: we tracked 85 recorded Terrace sales, 22 of them resales at a $231,000 median and 63 Lennar closings at $205,000, per the Collier County Property Appraiser 2026 tax roll data files dated 29 August 2026.

What Is Your Terrace Condo Worth? Get a Free Valuation in 60 Seconds.

Request your free Terrace valuation and we will send a value built from your plan's recorded sales and your association's resale pairs. Confidential conversations welcome. Prefer to talk? Call Jesse direct at (239) 898-6072.

How long will my Terrace sale take?

That depends on price and paperwork more than on the season. A Terrace unit priced inside the recorded resale band, with its condominium package and estoppels ordered before the first showing, avoids the two delays that stall most condominium contracts.

Does my building change who my buyer is?

Yes. A golf-labelled building draws golfers, an owner-run association reassures a financed buyer, and Terrace VI's Lennar-controlled association draws questions about turnover. We market each building to the buyer it fits.

What if my building's SIRS is not posted yet?

We request it in writing at listing, and if no study is complete the statute requires the package to say so. A buyer reads a clear answer better than a gap.

Your Local Real Estate Experts

Jesse McGreevy is a top-reviewed Ave Maria listing agent and Marc Comisar is a top-reviewed Southwest Florida realtor; you can read every review on our Google Business Profile. McGreevy and Comisar have represented buyers and sellers across Southwest Florida since 2008, and before writing this guide we read the six Terrace associations' state records, the recorded declarations, FEMA's Terrace letters and every recorded Terrace sale.

  • Top 1% Real Estate Agents Nationally Since 2008
  • 5 Star Award for Customer Satisfaction for 21 Straight Years. Only 5 out of 21k+ Licensees (Gulfshore Life Magazine)
  • #1 Team in Southwest Florida since 2012
  • McGreevy and Comisar and their Domain Realty Group team have sold over $2.5 Billion in Real Estate
  • McGreevy and Comisar alone have over $900 million in Sales
  • Nationally Recognized Top Producing Realtors
  • Platinum Sales Production Award Winners
  • Jesse McGreevy: (239) 898-6072 · [email protected]
  • Marc Comisar: (239) 287-5873
  • Contact: use the contact form
  • Office: 24031 S Tamiami Trl #101, Bonita Springs, FL 34134

Jesse McGreevy (Sales Associate) and Marc Comisar (Broker Associate) are licensed Florida REALTORS® with Domain Realty; Florida real estate licensure is regulated by the Florida Real Estate Commission (FREC). Florida license numbers: Jesse McGreevy SL3101296, Marc Comisar BK3060671.

Follow our Southwest Florida sales on Instagram, Facebook and YouTube.

McGreevy and Comisar lead Domain Realty Group, a full-service Southwest Florida real estate team. Learn more about our team at DomainRealtyGroup.com. Read more about McGreevy and Comisar, get a free home valuation, or contact us.

Sources and Authoritative References

Every fact on this page traces to one of the primary sources below: the Collier County recorded sales and roll files, the Collier County Clerk's Official Records, state and federal agencies, Florida law, the Ave Maria Stewardship Community District, the builder's own documents and The National's club. We do not cite real estate brokerage or listing sites. All sources were read between 23 September and 1 October 2026 unless a publication date is shown.

  1. Collier County Property Appraiser, 2026 tax roll data files dated 29 August 2026: parcels, legal descriptions, buildings, condominium names and DOR-qualified sales for all 420 Terrace units, queried 1 October 2026.
  2. Recorded declarations of condominium, Lennar Homes, LLC: Terrace I OR 6020/1115; Terrace II OR 6215/191; Terrace III OR 6271/1127; Terrace IV OR 6325/3023; Terrace V OR 6385/1687; Terrace VI OR 6474/1560; and the phase amendments from OR 6046/2381 to OR 6597/1151, Collier County Clerk of Courts.
  3. Recorded Terrace resale deeds cited by book and page, including OR 6566/1875, Collier County Clerk of Courts.
  4. Lennar Homes, LLC, Schedule of Unit Owner's Assessments, Terrace VI, Buildings 37 and 36, non golf, dated 30 December 2025.
  5. Lennar Homes, LLC, The National site map, Golf and Non Golf, file dated 12 November 2024.
  6. Charlotte County Property Appraiser data files: Terrace Condominiums at Heritage Landing recorded sales, January to August 2026.
  7. Collier County Clerk of Courts, Official Records search.
  8. Sunbiz, Terrace I at The National Condominium Association, Inc., N20000001221.
  9. Sunbiz, Terrace II at The National Condominium Association, Inc, N22000001835.
  10. Sunbiz, Terrace III at The National Condominium Association, Inc., N22000009516.
  11. Sunbiz, Terrace IV at The National Condominium Association, Inc., N22000012609.
  12. Sunbiz, Terrace V at The National Condominium Association, Inc., N23000011258.
  13. Sunbiz, Terrace VI at The National Condominium Association, Inc., N24000005648.
  14. Sunbiz, The National at Ave Maria Property Owners Association, Inc., N20000001569.
  15. Sunbiz, The National Golf and Country Club at Ave Maria Golf Club, Inc., N20000001557.
  16. Florida DBPR, condominium projects extract, Central Florida West (Terrace PR76949 to PR77571).
  17. Florida DBPR, condominiums, timeshares and mobile homes public records.
  18. Florida DBPR, condominium and cooperative SIRS reporting.
  19. Florida DBPR, SIRS submitted before July 2025 database.
  20. Florida DBPR, SIRS submitted July 2025 and after database.
  21. Florida DBPR, condominium inspections and SIRS guidance.
  22. Florida DBPR Bureau of Elevator Safety, public records.
  23. Section 718.111, Florida Statutes, association powers, insurance and official records.
  24. Section 718.112, Florida Statutes, bylaws, reserves and structural integrity reserve studies.
  25. Section 718.116, Florida Statutes, assessments, liability and estoppel certificates.
  26. Section 718.301, Florida Statutes, transfer of association control.
  27. Section 718.503, Florida Statutes, developer and resale disclosure.
  28. Section 553.899, Florida Statutes, milestone inspections.
  29. Section 627.714, Florida Statutes, condominium unit owner coverage.
  30. Section 627.351, Florida Statutes, Citizens Property Insurance Corporation.
  31. Section 189.012, Florida Statutes, special district definitions.
  32. Section 720.30851, Florida Statutes, estoppel certificates.
  33. Section 720.401, Florida Statutes, disclosure summary.
  34. Section 201.02, Florida Statutes, documentary stamp tax on deeds.
  35. Section 689.302, Florida Statutes, flood disclosure.
  36. Florida Administrative Code Rule 69O-186.003, title insurance premium rates.
  37. CS/HB 1625 (2004), Ave Maria Stewardship Community District, Chapter 2004-461.
  38. Chapter 2023-333, Laws of Florida, Stewardship District boundary amendment.
  39. Ave Maria Stewardship Community District, Series 2022 Limited Offering Memorandum (PDF).
  40. FEMA National Flood Hazard Layer map service, queried 1 October 2026.
  41. FEMA NFHL flood hazard zones layer.
  42. FEMA NFHL base flood elevations layer.
  43. FEMA LOMR-F 21-04-0744A, Terrace I Buildings 3, 4 and 5.
  44. FEMA LOMR-F 22-04-3888A, Terrace II and III Buildings 44 to 47.
  45. FEMA LOMR-F 23-04-2433A, Terrace IV, V and VI Buildings 36 to 43.
  46. FEMA Flood Map Service Center.
  47. National Weather Service Miami, Hurricane Ian summary (PDF).
  48. National Weather Service Miami, Hurricane Milton impact narratives (PDF).
  49. Ave Maria Development, Hurricane Ian, October 2022.
  50. Ave Maria Development, storm resilience, July 2026.
  51. Fannie Mae Selling Guide B4-2.1-03, ineligible projects.
  52. Fannie Mae Selling Guide B4-2.2-02, full review process.
  53. Freddie Mac, condo project critical repairs.
  54. Lennar, The National Golf and Country Club community page.
  55. Lennar, Terrace Condominiums collection, read 1 October 2026.
  56. Lennar, Terrace Arbor plan.
  57. Lennar, Terrace Birkdale plan.
  58. Lennar, Terrace Carolina plan.
  59. Lennar, Veranda Condominiums collection.
  60. Lennar, The National promotion page (golf and social membership).
  61. Lennar release on avemaria.com, six model homes, February 2022.
  62. Ave Maria Sun, Lennar opens condominium models at The National, January 2022.
  63. Ave Maria Sun, The National now offering social memberships, March 2023.
  64. The National Golf and Country Club, scorecard.
  65. The National Golf and Country Club, racquet sports.
  66. Clive Daniel Hospitality, The National clubhouse.
  67. Cambridge Management, estoppel ordering.
  68. Tropical Isles Management Services.
  69. National Association of REALTORS, settlement FAQs.
  70. IRS, Topic 701, sale of your home.
  71. IRS, FIRPTA withholding.
  72. Florida Department of Revenue, portability (PT-112).

Downloadable Documents

These are the statutes, forms and reference files a Terrace seller is most likely to need, each linked to the official source that publishes it: the State of Florida, FEMA, the federal government or the Stewardship District.

Market data from the Collier County Property Appraiser 2026 tax roll data files (dated 29 August 2026), pulled October 2026, and Lennar's own published fee schedule and community pages. MLS figures were not available for this edition. Brokered by Domain Realty.