Property
ActiveLand
1/14
$325,000

534 & 580 NW 7TH TERRACE

Gainesville, FL 32601
0
Beds
0
Baths
0
SqFt
0.22
Acres
STELLAR
#GC533379
Updated: May 13, 2026, 4:53pm

Property Description

GREAT NEW PRICE! Two adjacent residential lots at 534 and 580 NW 7th Terrace in Gainesville are offered together as a rare opportunity in the historic Pleasant Street neighborhood. The south lot at 534 has been cleared and prepared for near-immediate construction, complete with permits and designs for a residence plus an income-producing apartment that optimizes rental potential and return on investment. The adjoining lot at 580 is a partially wooded corner parcel that adds privacy, character, and greater flexibility for future development. Its corner placement allows additional options for ingress, egress, and parking, creating versatility not often found in this area. The location is highly sought after, within walking distance to the University of Florida, Downtown Gainesville, and the University Avenue business district, while still offering a quiet residential setting. Opportunities to acquire two side-by-side lots of this quality are extremely limited, particularly with the added value of a corner lot. Come take a look!
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Property Details

Highlights
View
Yes
Construction
Building Area Units
Square Feet
Direction Faces
East
Living Area Units
Square Feet
Site & Exterior
Current Use
Residential
Flood Zone Code
X
I D X Participation
Yes
Lot Features
BuildableClearedCorner LotWooded
Lot Size Acres
0.22
Lot Size Area
9472
Lot Size Dimensions
128 x 74
Lot Size Square Feet
9472
Lot Size Units
Square Feet
Number Of Lots
2
Public Survey Range
20
Public Survey Section
5
Road Frontage Type
Street PavedCity Street
Road Surface Type
PavedAsphalt
Sewer
Public Sewer
Total Acreage
1/4 to less than 1/2
Utilities
Electricity AvailableSewer AvailableWater Available
Vegetation
Trees
View
City
Water Source
Public
Zoning
RC
Financials
Additional Parcels
Yes
Additional Parcels Description
13592-000-000
Calculated List Price By Calculated Sq Ft
34.31
Contract Status Change Date
2025-08-18
Current Price
325000
Feed Types
BBO
Owner Name
MOHAMMED & KHANUM
Ownership
Fee Simple
Parcel Number
13578000000
Price Per Acre
1477273
Public Survey Township
10
Tax Annual Amount
1489
Tax Legal Description
Brown Addition Block 2, Plat Book A, Page 64 N 52 1/2 feet E 82.5 feet of West 165 feet of S 1/2 of Block 2 Deed Book 203/284, Public Records of Alachua County, Florida & Commence at the Northwest corner of the South half of Block 2, MAP OF BROWNS ADDITION TO TOWN OF GAINESVILLE, FLA, according to the Plat thereof, recorded in Plat Book A, Page 64 of the Public Records of Alachua County, Florida, and run thence East 82.5 feet; thence South 52.5 feet to the point of beginning; run thence East 82.5 feet; thence North 52.5 feet to the Point of Beginning, in Block 2 said MAP OF BROWNS ADDITION TO TOWN OF GAINESVILLE FLA, in the Northwest 1/4 of Section 5, Township 10 South, Range 20 East.
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
M L S Area Major
32601 - Gainesville
Subdivision Name
PLEASANT STREET
Listing provided courtesy of STELLAR via IDX. Updated: May 13, 2026, 4:53pm.
Eric Leightman

Listing Agent

UNIVERSITY REALTY

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