Active Real Estate Listings in Tessa Terrace
Browse exclusive riverfront estates and custom residences in Tessa Terrace. Secure a property with unrivaled Red River views, discover homes within the Moorhead Public Schools track, and leverage the fiduciary stability of Moorhead’s highest-value residential enclave.
Tessa Terrace Moorhead: 2026 Asset Resilience Audit
Fiduciary Oversight by Christopher Leigh, Broker/Owner
Tessa Terrace represents the geographic pinnacle of Moorhead’s custom-estate inventory. Delivering a high-scarcity residential profile that serves as a high-certainty "Legacy Capital Anchor," this enclave is defined by riparian positioning along the Red River and expansive custom architecture. Our 2025 FlexMLS audit identifies Tessa Terrace as a premiere executive sector with a $1,315,000 median sold price and immediate zoning for the flagship Reinertsen academic track.
2025-2026 Neighborhood Performance
Home Wealth: Taxes & Utility Audit
| Metric | Tessa Terrace Stats | What it means for you |
|---|---|---|
| Special Assessments | $942 (Median) | Mature infrastructure phase; municipal debt is largely retired. |
| Asset Type | Riparian Estate | Protection against market drift through geographic inventory scarcity. |
| Education Feeder | Spud Track | Direct placement in the Reinertsen / Horizon Middle corridor. |
| Lot Format | 0.5+ Acre Custom | Wooded backlots preserve natural privacy screening and asset value. |
Location Check: Drive Times
Setup: Local Utilities & Links
| Electric & Water | Moorhead Public Service | 218-477-8000 |
| Natural Gas | CenterPoint Energy | 800-245-2377 |
| City Hall | Moorhead Services | 218-299-5100 |
School District Map: Spud Track Feeder
Open Official ISD 152 Boundary Map (PDF)
Students in Tessa Terrace attend S.G. Reinertsen Elementary, Horizon Middle, and Moorhead High School.
Expert Market & Financial FAQ
Based on our 2025 FlexMLS audit, the median sold price was $1,315,000, reflecting the highest tier of Red River custom estates.
The median balance is $942. As a mature residential enclave, infrastructure carry costs are exceptionally low for luxury owners.
Owners must apply through the Clay County Assessor by Dec 31st to secure the Market Value Exclusion for 2026.
With a median of 82 days on market, properties serve as high-certainty legacy assets favored by estate investors for natural privacy screening.
Immediate proximity to the Bluestem Center for the Arts anchors the area’s cultural capital and supports long-term property demand for executive assets.