6940 SW 86TH TERRACE, GAINESVILLE, FL, 32608
Active41 days on marketListed Sep 1, 2026MLS #GC543041
About this home
6940 SW 86TH TERRACE
A rare find in Mentone, this beautifully appointed 4-bedroom, 3-bath home offers more space inside and out than is typical for the neighborhood—and an incredible amount of home for the price compared to many Gainesville communities. Situated on a larger-than-average lot, the home features gorgeous custom built-ins and woodwork, a formal dining room, and a separate office/den connected to the living room by a double-sided gas fireplace. Luxury vinyl plank flooring flows through the main living areas, and the primary bathroom has been beautifully renovated. Outside, an oversized screened lanai overlooks the expansive, fully fenced backyard. Recently added pavers, a firepit and hanging lights create a fantastic space for entertaining or relaxing. Major updates include a 2024 roof and 2020 HVAC. Mentone offers a newly renovated community pool, playground, basketball courts, and walking and running trails. With its larger footprint, oversized lot, extensive updates and neighborhood amenities—all at a price point that offers exceptional value—this home truly stands out.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
2,477
Sqft
0.24 ac
Lot size
2
Garage
2004
Year built
One
Levels
$216
Per sqft
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 and the real association fee — not generic estimates.
$4,291 /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
$4,291/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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+1.6%
$/sqft vs Gainesville actives
$216 vs $198
Days on market
41 vs 75 typical
Where $216/sqft sits among the 400 Gainesville actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Mentone
Get to know Gainesville. See the full Gainesville guide →
Mentone — neighborhood snapshot
Population
1,106
Median age
36
Median income
$130,735
Median home value
$358,600
Avg household
3
Households w/ children
147
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 → $309K
Gainesville median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
243 of 400
Gainesville actives have cut their price
Median sold price, Gainesville, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 141% above the GAINESVILLE 32608 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 6940 SW 86TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$400,000
6931 SW 84TH DRIVE · same community
4 bd · 2.5 ba · 1,945 sqft · $206/sqft · 24 DOM
Sold · Jul ’26$410,000
6908 SW 84TH DRIVE · same community
4 bd · 3 ba · 1,913 sqft · $214/sqft · 28 DOM
Sold · Apr ’26$399,900
7217 SW 85TH TERRACE · same community
3 bd · 3 ba · 1,866 sqft · $214/sqft · 18 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
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 6940 SW 86TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 6940 SW 86TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
6940 SW 86TH TERRACE FAQs
What would the monthly payment be for 6940 SW 86TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $4,291/mo — principal and interest, the actual property-tax bill, the $69/mo association fee 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.
How much are the HOA fees at 6940 SW 86TH TERRACE?+
The association fee works out to $69 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 6940 SW 86TH TERRACE?+
The most recent tax bill on record (2025) was $8,112. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 6940 SW 86TH TERRACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Gainesville?+
At $535,000, this home is listed about 88% above the Gainesville median of $285,000. The market section on this page shows how the area is trending.
Which schools are assigned to 6940 SW 86TH TERRACE?+
Kanapaha Middle School (middle), Kimball Wiles Elementary School (elementary), Gainesville High School (high) — Alachua County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER M.M. PARRISH REALTORS · Kat Durst. MLS #GC543041.
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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