534 & 580 NW 7TH TERRACE, GAINESVILLE, FL, 32601
Active358 days on marketListed Aug 18, 2025MLS #GC533379
About this home
534 & 580 NW 7TH TERRACE
GREAT NEW PRICE! Two adjacent residential lots at 534 and 580 NW 7th Terrace in Gainesville are offered together as a rare opportunity in the historic Pleasant Street neighborhood. The south lot at 534 has been cleared and prepared for near-immediate construction, complete with permits and designs for a residence plus an income-producing apartment that optimizes rental potential and return on investment. The adjoining lot at 580 is a partially wooded corner parcel that adds privacy, character, and greater flexibility for future development. Its corner placement allows additional options for ingress, egress, and parking, creating versatility not often found in this area. The location is highly sought after, within walking distance to the University of Florida, Downtown Gainesville, and the University Avenue business district, while still offering a quiet residential setting. Opportunities to acquire two side-by-side lots of this quality are extremely limited, particularly with the added value of a corner lot. Come take a look!
Facts & features
The home at a glance
0.22 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$2,177 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,177/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Fifth Avenue
Get to know Gainesville. See the full Gainesville guide →
Fifth Avenue — neighborhood snapshot
Population
2,726
Median age
22
Median income
$30,573
Median home value
$370,400
Avg household
3
Households w/ children
35%
For the school run
Alachua County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Gainesville market
$294K → $305K
Gainesville median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
Median sold price, Gainesville, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 22% above the GAINESVILLE 32601 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 534 & 580 NW 7TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$195,000
1220 SW 1ST AVENUE UNIT 304
1 bd · 1 ba · 430 sqft · $453/sqft · 4 DOM
Sold · Jan ’26$199,000
1220 SW 1ST AVENUE UNIT 305
1 bd · 1 ba · 450 sqft · $442/sqft · 2 DOM
Sold · Dec ’25$127,000
1015 SW 9TH STREET UNIT D2
1 bd · 1 ba · 576 sqft · $220/sqft · 27 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 534 & 580 NW 7TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 534 & 580 NW 7TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
534 & 580 NW 7TH TERRACE FAQs
What would the monthly payment be for 534 & 580 NW 7TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,177/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 534 & 580 NW 7TH TERRACE?+
The most recent tax bill on record (2024) was $1,489. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Gainesville?+
At $299,000, this home is listed about 1% above the Gainesville median of $295,000. The market section on this page shows how the area is trending.
Which schools are assigned to 534 & 580 NW 7TH TERRACE?+
Carolyn Beatrice Parker Elementary (elementary), Gainesville High School (high), Westwood Middle School (middle) — Alachua County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$299,000 runs 22% above the GAINESVILLE 32601 median.
02City views
The city view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
358 days on market against a Gainesville median of 44 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $380,000, now $299,000 — a $81K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of UNIVERSITY REALTY · Eric Leightman. MLS #GC533379.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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