8802 NW 6TH PLACE
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 23, 2026 | In contract | - | |
| In contract | |||
| Oct 19, 2026 | Listed by MILLER REAL ESTATE | $499,900 | |
| Listed by MILLER REAL ESTATE | |||
| Apr 24, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 1, 2026 | Listed by COLDWELL BANKER M.M. PARRISH REALTORS | $224,900 | |
| Listed by COLDWELL BANKER M.M. PARRISH REALTORS | |||
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Set on a 1-acre, cul-de-sac lot in Buckingham West, this property offers a rare opportunity in one of southwest Gainesville’s most desirable locations. The existing home includes 4 bedrooms plus an office, 2 bathrooms, a 2-car side-entry garage, and a large in-ground pool, but it has extensive water damage and will require a full renovation or possible tear-down.
The home reflects a distinctive early-1970s design centered around a U-shaped courtyard layout. Nearly every room opens directly to the pool and courtyard through sliding glass doors—nine sets in total—creating a strong indoor-outdoor connection that was ahead of its time. The structure also features a flat tar-and-gravel roof, which will require replacement as part of any major renovation.
The real value here is the setting: a rare acre homesite tucked at the end of a quiet cul-de-sac, surrounded by established homes and mature trees. Opportunities like this are increasingly difficult to find this close to Gainesville’s major destinations.
For buyers or investors willing to take on the project, the upside is significant. In this location, a fully updated 2,400-square-foot 4-bedroom/2-bath pool home on an acre could reasonably command approximately $700,000–$850,000, depending on finishes and design.
Conveniently located just 5 minutes to Haile Plantation, 10 minutes to HCA Florida North Florida Hospital, 15 minutes to UF and UF Health Shands Hospital, and 7 minutes to Tioga Town Center for dining, shops, and everyday conveniences.
Whether you envision a full renovation or building new, this Buckingham West acre lot offers a rare chance to create something special in a prime southwest Gainesville location.
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About Alachua
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017