1840 NW 51ST TERRACE
Gainesville, FL, 32605 $ 332,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 2,293
for $332,000. The lot size is 4.24.
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.
See more
FeaturesGeneralSewer Public Sewer
Utilities BB/HS Internet Capable Electrical Nearby Electricity Available Natural Gas Available Sewer Available Water Available
Possession Negotiable
Zoning SF
View Trees/Woods Water
Tax Year 2026
Current Use Residential
Ownership Fee Simple
Waterfront Features Lake Front
County Alachua
Property Type Land
Subdivision Name KINGSWOOD 4TH ADD
Other Structures Other
Status Active
Directions From I-75 Drive E on Newberry Rd. Turn Left at stop light on NW 8th Ave. Turn Left on NW 51st Ter. Drive straight all the way to the cul-de-sac where the road ends and continue on the dirt road. Stay left enter the property with the iron gate that reads "Elfwood".
High School F. W. Buchholz High School-AL
City GAINESVILLE
MLS Area 32605 - Gainesville
Lot Size Units Acres
Lot Size Square Feet 184694
Listing Terms Cash Conventional
Elementary School Littlewood Elementary School-AL
Tax Annual Amount 4457.98
Middle/Junior High School Westwood Middle School-AL
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description See survey attached.
Water View Lake
Water Access Type Lake
Water Access Y/N true
Water View Y/N true
Flood Zone Code A & X
Flood Zone Code X Y
DockY/N false
See more
ExteriorFencing Boundary Fencing Wood
Lot Features Buildable Cleared Cul-De-Sac City Lot Private Room For Pool Wetlands
Water Source Public
Lot Size Area 4.24
Lot Dimensions 388 x 458
Lot Size Acres 4.24
Road Surface Type Asphalt
Waterfront Y/N true
Road Frontage Type Easement Deeded Easement
Road Responsibility Private Maintained Road
See more
* Excluded FeaturesList ByFlorida Homes Realty & MortgagBroker
elliotlarkin@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,293
- Monthly Property Taxes
- $371
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Gainesville, FL
Average List Price $1,101,639
Percent of Sale Price 232%
About Gainesville, FL 132,731 Population
10% Since 2002
$ 36,766 Median Income
28.11 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
F. W. Buchholz High School-AL High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/18/2026 | $332,000 | | Listed Price |