Skip to main content
Back to Search Results
|

703 Sw 5th Terrace, Gainesville, FL 32601

Show All 20 Photos
For Sale

$229,000

3 beds • 2 baths • 1,205 sqft

Estimated Payment

$ 1,263 /mo. †

6.67% APR for 30 yrs.
$1,012 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $190.04
    Price per square foot

  • New Construction
    Age

Explore this Property

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 completed mid April.
MLS# O6276501

Courtesy Of Keller Williams Realty Partners SW

(954) 237-0400

Property Features

  • Age
    New Construction, New Construction
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Central Furnace
  • Lot Size
    0.17 Acres
  • Rooms
    Kitchen, Living Room

Map and Directions

Directions to 703 Sw 5th Terrace, Gainesville, FL 32601

Home seller CENTURY 21 Lighthouse Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lighthouse Realty

(904) 562-5652
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $1,179
  • Property Taxes
    $84
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,263

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Carolyn Beatrice Parker Elementary School

Grades KG-5 Public School

Gainesville, FL 32603 1.3 miles
1912 nw 5th ave

495 total students
13:1 Student teacher ratio

School Rating: C-

School Details

Abraham Lincoln Middle School

Grades 6-8 Public School

Gainesville, FL 32641 1.3 miles
1001 se 12th st

743 total students
23:1 Student teacher ratio

School Rating: B-

School Details

Gainesville High School

Grades 9-12 Public School

Gainesville, FL 32609 1.8 miles
1900 nw 13th st

1823 total students
26:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
P.k. Yonge Developmental Research School 0.5 miles Public KG-12 A-
P. K. Yonge Virtual Franchise 0.5 miles Public 6-12
A. Quinn Jones/exceptional Student Center 0.9 miles Public 6-12 F
Morning Meadow 1 miles Private PK-KG
Pace 1.1 miles Public 6-12
Persimmon Early Learning Academy Llc 1.2 miles Private KG-2
Caring & Sharing Learning School 1.2 miles Public PK-6 C+
Joseph Williams Elementary School 1.3 miles Public KG-5 C
Sidney Lanier Center 1.5 miles Public KG-12
St Patrick Interparish School 1.7 miles Private PK-8
Laniakea Montessori School 1.7 miles Private PK-7
Hospital Homebound 1.8 miles Public KG-12
Resilience Charter School Inc 1.8 miles Public 6-8 D
North Central Florida Public Charter School 1.8 miles Public 8-12 F
Howard W. Bishop Middle School 1.9 miles Public 6-8 C-
W.a. Metcalfe Elementary School 2.1 miles Public KG-5 D
Early Learning Academy At Duval 2.2 miles Public PK-KG

P.k. Yonge Developmental Research School

Distance: 0.5 miles

Type Public

Grades: KG-12

A-

P. K. Yonge Virtual Franchise

Distance: 0.5 miles

Type Public

Grades: 6-12

A. Quinn Jones/exceptional Student Center

Distance: 0.9 miles

Type Public

Grades: 6-12

F

Morning Meadow

Distance: 1 miles

Type Private

Grades: PK-KG

Pace

Distance: 1.1 miles

Type Public

Grades: 6-12

Persimmon Early Learning Academy Llc

Distance: 1.2 miles

Type Private

Grades: KG-2

Caring & Sharing Learning School

Distance: 1.2 miles

Type Public

Grades: PK-6

C+

Joseph Williams Elementary School

Distance: 1.3 miles

Type Public

Grades: KG-5

C

Sidney Lanier Center

Distance: 1.5 miles

Type Public

Grades: KG-12

St Patrick Interparish School

Distance: 1.7 miles

Type Private

Grades: PK-8

Laniakea Montessori School

Distance: 1.7 miles

Type Private

Grades: PK-7

Hospital Homebound

Distance: 1.8 miles

Type Public

Grades: KG-12

Resilience Charter School Inc

Distance: 1.8 miles

Type Public

Grades: 6-8

D

North Central Florida Public Charter School

Distance: 1.8 miles

Type Public

Grades: 8-12

F

Howard W. Bishop Middle School

Distance: 1.9 miles

Type Public

Grades: 6-8

C-

W.a. Metcalfe Elementary School

Distance: 2.1 miles

Type Public

Grades: KG-5

D

Early Learning Academy At Duval

Distance: 2.2 miles

Type Public

Grades: PK-KG

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Gainesville, FL 32601

Tour the area

Schedule a
tour with a
personal guide

Gainesville, FL 32601

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are below the national average.

91° July
Hottest Average Month
43° January
Coldest Average Month
10,051 Total Households in Area
0.7% Increase in population since the year 2010
11.9%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Gainesville, FL 32601

Gainesville, FL 32601 has a population of 22,586 people in 10,051 households with a median age of 28.1 years old.

0.7%
Increase in population
since the year 2010
Population is Trending up
9,836
Total households as of 2010
5.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 28.1 years old. The smallest percentage group is 18-24 years and the largest percentage is the 75-84 years age range.

Community Population By Ethnicity

White 61%
Black 18%
Hispanic 15%
Asian 6%
Other 3%
Native American <1%
The most prevalent ethnicity is White at 61%, followed by Black at 18%, Hispanic at 15%, and Asian at 6%.

Economics
for Gainesville, FL 32601

4,851 /sq mi
Population Density
$34,505 /yr
Median Household Income
$277,500
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 29.79% of the households.

Transportation to Work

  • Drive 65%
  • Walk or Bike 24%
  • Work from Home 8%
  • Public Transit 4%

Occupancy by Type

Rented 7,590 68%
Owned 2,461 22%
Vacant 1,182 11%

White vs Blue Collar Jobs







White Collar 91%
Blue Collar 9%

Family & Education Facts
for Gainesville, FL 32601

28.1 Median Age

Average Household Size

2
persons per
household

14.4%

Married Households

Community Population By Education

Graduate Degree 28%
Bachelors Degree 27%
Some College 16%
High School Graduate 15%
Associates Degree 9%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Graduate Degree, representing 28.1% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
11.9% of households have children

Weather
for Gainesville, FL 32601

The weather for this area ranges from a high of 91° F in July to a low of 43° F in January

91° July
Hottest Average Month
43° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
43°
68°
Feb
45°
70°
Mar
50°
76°
Apr
55°
81°
May
62°
87°
Jun
69°
90°
Jul
71°
91°
Aug
71°
91°
Sep
69°
88°
Oct
60°
82°
Nov
50°
75°
Dec
44°
69°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Tour the area

Schedule a
tour with a
personal guide

There's more to learn about Gainesville, FL 32601!
Explore more local area information

An Equal Opportunity Company

Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' 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 being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading