3916 SW 98TH DRIVE
About This Property
This custom-designed residence was proudly featured in the Gainesville Parade of Homes and is offered for sale by its original owner. Situated on a double corner lot totaling approximately 0.44 of an acre, this spacious home offers 4 bedrooms, a dedicated office, and 3 full bathrooms, providing an exceptional combination of comfort, functionality, and privacy in one of Gainesville's most desirable communities.
Owned by the original owner since it was built, this home has never been a rental property. Designed with both everyday living and entertaining in mind, the thoughtfully planned three way split-bedroom floor plan offers generous living spaces filled with high ceilings and natural light. The kitchen is equipped with quality solid wood cabinetry and durable Corian countertops. The spacious family room opens to an oversized screened lanai overlooking a very large back yard, creating the perfect setting for outdoor dining, family gatherings, or simply relaxing while enjoying Florida's beautiful weather. A skylight in one of the bathrooms brings in natural light, adding warmth and character.
The home's exceptional setting further enhances its appeal. A beautifully maintained common green space stretches across the front of the home, providing peaceful views and a park-like atmosphere. Just a short walk away is the Hampstead neighborhood playground, making this an ideal location for families. The side-entry two-car garage enhances both curb appeal and privacy, while the home's position on the oversized lot provides additional outdoor space and separation from neighboring properties.
Recent improvements include fresh interior paint and new luxury vinyl flooring. Roof was replaced with high quality architectural shingles in 2012. Upgraded energy efficiency - double paned windows throughout to keep utility bills low and keep a quiet interior environment. Integrated security infrastructure - equipped with a fully wired dedicated alarm system. Located within one of Gainesville's most desirable school zones, the home is zoned for Chiles Elementary School, Kanapaha Middle School, and Buchholz High School. Residents of Haile Plantation enjoy miles of scenic walking and biking trails, mature tree-lined streets, golf, parks, shopping, dining, and a true sense of community, all just minutes from the University of Florida, UF Health, North Florida Regional Medical Center, and I-75.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 5, 2026 | Sold | ||
| Sold | |||
| Oct 28, 2026 | In contract | - | |
| In contract | |||
| Oct 18, 2026 | Price Decreased |
$559,000
↓ $31K
(5.2%) | |
| Price Decreased | |||
| Sep 25, 2026 | Listed by BOSSHARDT REALTY SERVICES LLC | $589,500 | |
| Listed by BOSSHARDT REALTY SERVICES LLC | |||
| Mar 31, 1997 | Sold | ||
| Sold | |||
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About Alachua
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017