CENTURY 21 Edge

1840 NW 51ST TERRACE, GAINESVILLE, FL, 32605

Active24 days on marketListed Sep 18, 2026MLS #GC543599

WaterfrontKINGSWOOD 4TH ADD

About this home

1840 NW 51ST TERRACE

RARE 4.24-ACRE LAKEFRONT ESTATE LOT IN SUBURBAN HEIGHTS. Discover an opportunity to build a custom estate in Gainesville’s highly sought-after Suburban Heights neighborhood. This gated, exceptionally private property offers a rare combination of a large cleared homesite, lake frontage, mature forest, and convenient access to the city’s premier destinations—all without an HOA. Tucked away at the end of a quiet cul-de-sac, the property is accessed through a wooded easement and opens to a large, square-shaped, high-and-dry building area. The property is secluded with an 8’ privacy fence along the eastern lot line, lake to the south, and otherwise surrounded by nature. Envision building your dream home overlooking a private garden, creating walking trails through your very own forest, and enjoying a dock along the lake for beautiful sunsets and tranquil canoeing. It’s the ultimate Gainesville location: 3 miles to the University of Florida, less than 2 miles to I-75, 1.5 miles to Oaks Mall, HCA North Florida Hospital & Shoppes at Thornebrook, and approximately 1 mile to Gainesville Health & Fitness and Publix. Due diligence has already been completed on this open-builder property. GRU utilities are available, including city water, city sewer, city gas, and underground electric. Two water meters are in place at the end of the cul-de-sac, offering the potential for separate service to a main residence and ADU. A tree survey is available upon request. The property is exempt from a sidewalk requirement, and driveway paving is not required. Gainesville residential zoning allows up to two ADUs. Due to the existing access easement, the property cannot be subdivided. An octaconal chert structure remains on the property, along with a mound of limerock that could be an asset for future landscaping. Wetlands are located to the north and south of the property, with construction subject to maintaining the applicable 50-foot buffer. The elevation survey shows the building area to be high and dry, and lake drains to the South for additional peace of mind. The building site is located in Flood Zone X, while the portion containing the lake is in Flood Zone A. A truly distinctive opportunity to create a secluded luxury estate in one of Gainesville’s most desirable and community-oriented neighborhoods – with acreage, lake frontage, natural beauty, and exceptional proximity to everything the city has to offer. Contact the Listing Agent for additional property details and due diligence information.

Facts & features

The home at a glance

4.24 ac

Lot size

WaterfrontTrees/Woods & Water view

Inside

Outside & construction

ViewTrees/Woods · Water

Community & fees

Taxes (2026)$4,458/yr

Utilities & systems

UtilitiesBB/HS Internet Capable · Electrical Nearby · Electricity Available · Natural Gas Available · Sewer Available · Water Available
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$2,633 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$1,954
FHA mortgage insurance (est.)$147
Property tax — 2026 actual bill$371
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $11,620Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $11,620
Interest rate6.00%
Loan term

Estimated payment

$2,633/mo

Principal & interest$1,954
FHA mortgage insurance (est.)$147
Property taxes (actual bill)$371
Est. insurance$160

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 Suburban Heights

Get to know Gainesville. See the full Gainesville guide →

Suburban Heights — neighborhood snapshot

Population

1,307

Median age

51

Median income

$106,528

Median home value

$335,400

Avg household

2

Households w/ children

95%

For the school run

Alachua County School District

HighF. W. Buchholz High School★★★★★
ElementaryLittlewood Elementary School★★★★★
MiddleFort Clarke Middle School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Gainesville market

Seller’s marketLeans seller — 3.9 months of inventoryBuyer’s market

$294K → $309K

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 33% above the GAINESVILLE 32605 median. See the full Gainesville market guide →

Paper trail

This home's history

Sep 18, 2026Listed at $332,000 · 24 days on market since

Reality check

What actually sold near 1840 NW 51ST TERRACE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

1636 NW 51ST TERRACESold · Aug ’26

$385,000

1636 NW 51ST TERRACE · same community

3 bd · 2.5 ba · 2,015 sqft · $191/sqft · 2 DOM

1707 NW 51ST TERRACESold · Jun ’26

$474,000

1707 NW 51ST TERRACE · same community

4 bd · 3 ba · 3,128 sqft · $152/sqft · 119 DOM

507 NW 39TH ROAD UNIT 128Sold · Oct ’25

$88,000

507 NW 39TH ROAD UNIT 128

1 bd · 1 ba · 630 sqft · $140/sqft · 60 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.

Gianfranco Di Flumeri

Your agent

Gianfranco Di Flumeri

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 1840 NW 51ST TERRACE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 1840 NW 51ST TERRACE — before you fall in love.

See it in person

Schedule a tour

Live availability from Gianfranco's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

1840 NW 51ST TERRACE FAQs

What would the monthly payment be for 1840 NW 51ST TERRACE?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,633/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 1840 NW 51ST TERRACE?+

The most recent tax bill on record (2026) was $4,458. 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 $332,000, this home is listed about 16% above the Gainesville median of $285,000. The market section on this page shows how the area is trending.

Which schools are assigned to 1840 NW 51ST TERRACE?+

F. W. Buchholz High School (high), Littlewood Elementary School (elementary), Fort Clarke Middle School (middle) — Alachua County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Positioned at the premium end

$332,000 runs 33% above the GAINESVILLE 32605 median.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Strong assigned schools

F. W. Buchholz High School, Littlewood Elementary School, Fort Clarke Middle School — F. W. Buchholz High School rates 4 of 5. Always verify assignments with the district.

Listing courtesy of FLORIDA HOMES REALTY & MORTGAG · Elliot Larkin. MLS #GC543599.

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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