Welcome to Palm Terrace! Palm Terrace is a gorgeous 55+ mobile home community surrounded by fruit trees, bamboo and tropical plants. Gather at the recreation hall with friends, take a dip in the sparkling pool, or attend any of our exciting monthly events like ice cream socials, crafts, parties and more!Located in sunny Sarasota, Florida, our community is minutes from beaches, museums, art centers, shopping malls, restaurants and more. Plus, Sarasota s public transportation system has a stop right outside Palm Terrace, so you can save money on gas getting to the places you love.