$274,900
●
Land -
For Sale
5987 NW 88TH WAY
GAINESVILLE, FL 32653
Studio
0 Bath
$3,684
Est. Monthly
$2,100
HOA / Fees
About This Property
Welcome to the enchanting gated community of The Reserve at
Millhopper, nestled along the scenic Millhopper Road. Build with
Barry Bullard Homes, one of Gainesville's premier builders who
earned his reputation through his commitment to providing
outstanding design and craftsmanship. The Reserve boasts a
collection of 13 meticulously designed 1+ acre lots. Embrace the
captivating surroundings as you enter this private haven. The
neighborhood offers a pavilion area, complete with a bar area and
ample seating for outdoor entertainment amenities to enhance your
lifestyle. Tennis and pickleball enthusiasts will delight in the
presence of clay tennis courts, providing a place for friendly
matches and leisurely rallies. Throughout the development, all
utilities are conveniently located underground, preserving the
scenic beauty of the community. The Reserve sets a standard of
excellence with a minimum home size requirement of 3000 square
feet, ensuring that each residence exudes quality and spaciousness.
The lot offers unparalleled privacy and seclusion, allowing you to
create the home of your dreams.
Unit Size
-
Days on Market
45 days
Land Size
1.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$234
HOA Dues
$2,100
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 months ago (Stellar MLS #GC543150)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Listed by COLDWELL BANKER M.M. PARRISH REALTORS | $274,900 | |
| Listed by COLDWELL BANKER M.M. PARRISH REALTORS | |||
| Jan 3, 2023 | No longer available | - | |
| No longer available | |||
| Jan 15, 2022 | Relisted | $199,900 | |
| Relisted | |||
| Jan 2, 2022 | No longer available | - | |
| No longer available | |||
| Sep 17, 2018 | Listed by Coldwell Banker M.M. Parrish Realtors | $199,900 | |
| Listed by Coldwell Banker M.M. Parrish Realtors | |||
| | |||
|
Beautiful private gated community of Provence off scenic Millhopper Road. Provence is a community comprised of 13 one to two acre lots. Neighborhood amenities include a private club house, pavilion area with bar, summer kitchen and seating, clay tennis courts. Underground utilities throughout the development. Homes to meet a 3000sf minimum home size. Lot 9 is one of only 3 open builder lots. This lot is tucked away in the cul-de-sac.Open Builder.
| |||
Property Highlights
Exterior Details
Security Features: Gated Community
Building Area Units: Square Feet
Lot Size Area: 1.13
Lot Size Units: Acres
Lot Size Acres: 1.13
Lot Size Square Feet: 49222
Lot Size Dimensions: irregular
Tax Lot: 9
Water Source: Well Required
Financial Details
Tax Annual Amount: $2,805
Utilities Details
Sewer : Septic Needed
Location Details
HOA/Condo/Coop Amenities: Gated, Pickleball Court(s)
HOA Fee: $2,100
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alachua
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Listed by: Rana Schafer
COLDWELL BANKER M.M. PARRISH REALTORS
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# GC543150
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
COLDWELL BANKER M.M. PARRISH REALTORS
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# GC543150
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017