Welcome to this RARE TOP-FLOOR corner condo with spectacular water views in the desirable 55+ community of Terrace Park at Five Towns. This penthouse 4th-floor end unit offers 2-bedroom, 2-baths with 1,340 sq ft, an abundance of natural light, and breathtaking sunrise views overlooking the peaceful pond from your private screened-in balcony. Inside, you'll find a spacious split floor plan with an open living and dining area perfect for everyday comfort or hosting guests. The tastefully updated kitchen features Corian countertops, stainless steel appliances, updated cabinetry, a beautiful backsplash, and a window perfectly positioned to enjoy the water view—even while doing dishes. A large laundry/utility room off the kitchen provides full-size washer/dryer, extra storage, and space that could easily serve as a hobby nook or small office. The generous primary suite includes a walk-in closet and an en-suite bathroom with a tiled walk-in shower. The guest bedroom is ideal for visitors or a dedicated office space. Additional highlights include a building elevator, one assigned covered parking space, ample guest parking, and a dedicated storage space. The Newport building has just been freshly painted (November 2025) and a new ROOF installed (2024). The monthly association fee covers cable, internet, water, sewer, trash, gas, exterior building maintenance, and full access to the incredible amenities of Five Towns. This resort-style community spans over 144 acres and offers 6 pools, hot tubs, walking paths, grilling areas, tennis and bocce ball courts, shuffleboard, two clubhouses, fitness centers, billiards, card rooms, a library, and countless social clubs and planned activities. A new RV/boat/vehicle parking lot is nearly complete, with spaces available for lease. Conveniently located near shopping, restaurants, medical facilities, award-winning Gulf beaches, and just 25 minutes to Tampa International Airport—this home is perfect for seasonal or year-round living. Experience the best of active Florida living-schedule your private showing today!