Under Construction. Pictures are from model home. Welcome to Gainesville's first land trust project by Bright Community Trust! This Brand New Construction home is part of an affordable housing program with income restrictions and a 99 year land lease for $25 per month ($300 annually). Please see attachments for detailed information on buyer requirements. Home features an open layout with lots of windows for natural light, a beautiful kitchen with soft close cabinets and rolling island, spacious dining area and living room, with vinyl plank flooring throughout the main part of the house. Bedrooms and bathrooms have quality finishes; primary bedroom has walk-in closet and en suite bathroom. Conveniently located in Porters Community just around the corner from the beautiful Depot Park and close to shops, restaurants, and more. First Time Home Buyer Only, Owner/Occupants Only-Investors Not Eligible. Home due to be 5/30/25.
Sold for $229,000
$229,000
703 SW 5TH TERRACE, GAINESVILLE, FL 32601
3beds
1,205sqft
Single Family Residence
Built in 2025
7,405 Square Feet Lot
$224,500 Zestimate®
$190/sqft
$2,329 Estimated rent
Home value
$224,500
$204,000 - $247,000
$2,329/mo
Zestimate® history
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List your homeWhat's special
Quality finishesEn suite bathroomRolling islandOpen layoutVinyl plank flooringSpacious dining areaWalk-in closet
Zillow last checked:
Listing updated:
Listed by:
Ben Zuber 954-762-0767,
KELLER WILLIAMS REALTY PARTNERS SW 954-237-0400
Bought with:
Whitney Johnson Perkins, 3174403
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Source: Stellar MLS,MLS#: O6276501
Originating MLS: Orlando Regional
Originating MLS: Orlando Regional
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
- Area: 143 Square Feet
- Dimensions: 11x13
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 120 Square Feet
- Dimensions: 10x12
Bedroom 3
- Features: Built-in Closet
- Level: First
- Area: 120 Square Feet
- Dimensions: 10x12
Kitchen
- Level: First
- Area: 110 Square Feet
- Dimensions: 10x11
Living room
- Level: First
- Area: 210 Square Feet
- Dimensions: 14x15
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Laundry Room
Features
- Ceiling Fan(s)
- Flooring: Carpet, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,627
- Total interior livable area: 1,205 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Other
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 13369000000
- Zoning: RMF5
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- HardiPlank Type
- Foundation: Slab
- Roof: Shingle
Condition
- Under Construction
- New construction: Yes
- Year built: 2025
Details
- Builder model: Lilac
- Builder name: Alachua Habitat for Humanity
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: GAINESVILLE PORTERS ADDN
HOA
- Has HOA: No
Location
- Region: Gainesville
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $47,600
- Annual tax amount: $1,012
- Date on market: 1/31/2025
- Cumulative days on market: 111 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2025 | Sold | $229,000$190/sqft |
Source:  Stellar MLS #O6276501 Report a problem | ||
| 5/23/2025 | Pending sale | $229,000$190/sqft |
Source: Stellar MLS #O6276501 Report a problem | ||
| 1/31/2025 | Listed for sale | $229,000$190/sqft |
Source: Stellar MLS #O6276501 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,054 +1% | $47,600 |
| 2024 | $1,044 | $47,600 +702.8% |
| 2023 | -- | $5,929 +10% |
| 2022 | -- | $5,390 +10% |
| 2021 | -- | $4,900 |
| 2020 | -- | $4,900 |
| 2019 | -- | $4,900 |
| 2018 | -- | $4,900 |
| 2017 | -- | $4,900 |
| 2016 | -- | $4,900 |
| 2015 | -- | $4,900 |
| 2014 | -- | $4,900 |
| 2012 | -- | $4,900 |
| 2011 | -- | $4,900 |
| 2010 | -- | $4,900 |
| 2009 | -- | $4,900 |
| 2008 | -- | $4,900 |
| 2007 | -- | $4,900 |
| 2006 | -- | $4,900 |
| 2005 | -- | $4,900 |
| 2004 | -- | $4,900 |
| 2003 | -- | $4,900 |
| 2002 | -- | $4,900 |
| 2001 | -- | $4,900 |
| 2000 | -- | $4,900 |
Find assessor info on the county website
Neighborhood: Porters Community
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Nearby schools
GreatSchools rating
- 5/10Caroline Beatrice Parker ElementaryGrades: K-5Distance: 1.4 mi
- 6/10Abraham Lincoln Middle SchoolGrades: 6-8Distance: 1.3 mi
- 6/10Gainesville High SchoolGrades: 8-12Distance: 1.8 mi
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Estimated market value
$224,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$224,500
- Florida
- Alachua County
- Gainesville
- 32601
- Porters Community
- 703 SW 5TH TERRACE
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