506 Southwest 40th Terrace

Sold 4/25/24Virtual Tour
Sold 4/25/24Virtual Tour
Gallery Image 1
Last Sold Price
$410,000
4 beds2,077 sqft$197/sqft
506 SW 40th Ter, Gainesville, FL 32607

Description

Welcome to your nature lover’s paradise! This charming 4BR/2BA ranch style home built by Fletcher in 1966 is situated on a spacious corner lot, offering the perfect blend of comfortable living and outdoor slender. This purchase also comes with a 2nd corner buildable lot perfect to keep the beauty of the natural extended yard with automatic built in value. You can keep the 2nd corner lot, build a 2nd home on it to keep or sell, or sell it! You don't need to ask to have a 2nd home on your property....Welcome to your nature lover’s paradise! This charming 4BR/2BA ranch style home built by Fletcher in 1966 is situated on a spacious corner lot, offering the perfect blend of comfortable living and outdoor slender. This purchase also comes with a 2nd corner buildable lot perfect to keep the beauty of the natural extended yard with automatic built in value. You can keep the 2nd corner lot, build a 2nd home on it to keep or sell, or sell it! You don't need to ask to have a 2nd home on your property. This lot already allows it! No matter what, you will always have double value with this sale! The one-story layout is meticulously designed for effortless living, emphasizing practicality and convenience at every turn. The large, separate but inviting living room, dining room, and family room with a cozy fireplace ensures a seamless flow between each, while giving plenty of space to entertain, relax alone, or enjoy the views through the large windows. Step outside into the sprawling double lot, and you will find yourself in an outdoor lover’s dream. With ample space for gardening, birdwatching, searching for flint rocks in the dirt, and walking around the trails in between the trees, this expansive property is a sanctuary for nature enthusiasts who love the wildlife appeal of native plant species like the Cardinal loving Beautyberries and Sparkleberries.  The new HVAC system, water heater, garage doors roof and newly painted interior offer the next owner peace of mind to focus on leaving the mid-century appeal already inherent in the home or updating where desired. Only minuted to the University of Florida, Downtown Gainesville and the heart of restaurants and shopping in the NW, this is the perfect central location for walking, biking, or a quick drive to just about anything and everything Gainesville has to offer, as well as a jaunt around Clear Lake Nature Park or a hike in the Sugarfoot Prairie Conservation Area. This home is central to an Urban lifestyle while being nestled in between a natural paradise. Do not hesitate to all this your home!
LISTING CLOSED: 04/25/2024 12:00 AM

  1. Listed by Kristen Rabell • Brokerage DRE #1050122 • RABELL REALTY GROUP LLC
    P: (352) 559-8820 C: (352) 213-6760 Info@buysellrabell.com
  2. Listed by Rebecca Johnson • Brokerage DRE #1050122 • RABELL REALTY GROUP LLC
    P: (352) 275-9900 C: (352) 213-6410 info@buysellrabell.com

Property Details for 506 Southwest 40th Terrace

Status
Sold
MLS #
GC517417
Days on Market
124
Taxes
$2,024 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Single Family
MLS Type
Residential / Single Family Residence
Year Built
1966
Lot Size
0.64 AC / 27,879 SF
County
Alachua County
Architectural Style
Ranch
Subdivision Name
FLETCHER HEIGHTS UNIT III
Township
10
Garage Spaces
2
View
Garden, Trees/Woods
Waterfront
No

Recent comparable sales

Median sold price

$400,000

Avg days on market

51

Sale-to-list ratio

93.5%

Gainesville, FL

9 comparable properties found

$418,000 | 3920 Southwest 1st Avenue, Gainesville, FL 32607
1/2
1

$418,000

Sold 05/08/26

4
Bedrooms
2,012
Square Feet
0.31
Acres

3920 Southwest 1st Avenue, Gainesville, FL 32607

$400,000 | 3848 Southwest 1st Avenue, Gainesville, FL 32607
1/2
2

$400,000

Sold 07/15/25

4
Bedrooms
1,932
Square Feet
0.31
Acres

3848 Southwest 1st Avenue, Gainesville, FL 32607

a view of outdoor space and yard
1/2
3

$348,500

Sold 11/12/25

4
Bedrooms
2,111
Square Feet
0.34
Acres

3736 Northwest 7th Avenue, Gainesville, FL 32607

a front view of a house with garden
1/2
4

$340,000

Sold 02/13/26

4
Bedrooms
2,078
Square Feet
0.26
Acres

528 Northwest 36th Street, Gainesville, FL 32607

$370,000 | 4310 Northwest 13th Avenue, Gainesville, FL 32605
1/2
5

$370,000

Sold 12/19/24

4
Bedrooms
1,932
Square Feet
0.4
Acres

4310 Northwest 13th Avenue, Gainesville, FL 32605

a view of front of house with a yard
1/2
6

$415,000

Sold 11/04/24

4
Bedrooms
2,053
Square Feet
0.34
Acres

2851 West University Avenue, Gainesville, FL 32607

$330,000 | 805 Northwest 39th Drive, Gainesville, FL 32605
1/36
7

$330,000

Sold 08/18/26

4
Bedrooms
1,872
Square Feet
0.3
Acres

805 Northwest 39th Drive, Gainesville, FL 32605

front view of a house with a garden
1/2
8

$487,500

Sold 05/19/25

4
Bedrooms
2,338
Square Feet
0.29
Acres

1021 Northwest 40th Drive, Gainesville, FL 32605

a front view of a house with garden
1/2
9

$450,000

Sold 05/07/25

4
Bedrooms
2,317
Square Feet
0.34
Acres

3751 Northwest 16th Place, Gainesville, FL 32605

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Location

Listing Courtesy of RABELL REALTY GROUP LLC

Sold By PEPINE REALTY

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Building Information for 506 Southwest 40th Terrace

Stories-Year Built1966Building Size-Lot Size0.64 AC / 27,879 SF

Payment Calculator

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$2,253 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,084

Property Taxes

$169

HOA Dues

$0

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Property Information for 506 Southwest 40th Terrace

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2854.0
  • Building Area Units: Square Feet
  • Direction Faces: East
  • Directions: From Newberry Rd, enter Sugarfoot Subdivision at SW 38th St. Follow down to 4th Pl and turn right (west), left onto SW 40th St, Right onto 5th Ave, house and lot are on corners of 40th Ter/41st St and 5th Ave.
  • Elementary School: Littlewood Elementary School-AL
  • Middle Or Junior School: Westwood Middle School-AL
  • High School: Gainesville High School-AL
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Road Frontage Type: Street Paved
  • Senior Community: No
  • Unit Number: No
  • Street Number: 506
  • Street Direction Prefix: SW
  • Street Name: 40TH
  • Street Suffix: TERRACE
  • State: FL
  • City: GAINESVILLE
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Book Number: F-90
  • Tax Legal Description: FLETCHER HEIGHTS NO 3 PB F-90 LOT 8 OR 378/212 AND FLETCHER HEIGHTS NO 3 PB F-90 LOT 9 OR 391/346 &
  • Tax Lot: 8,9
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Corner Lot, Cul-De-Sac, Level
  • Parcel Number: 06525008000 & 0625009000
  • Total Acreage: 1/2 to less than 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF1
  • Living Area: 2077
Property and Assessments
  • Year Built Numeric: 1966
  • Flood Zone Code: x
  • Flood Zone Date: 06-16-2006
  • Flood Zone Panel: 12001C0294D
  • Homestead: Yes
  • New Construction: No
  • Public Survey Range: 19
  • Public Survey Section: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Public, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Cement Siding, Concrete
  • Exterior Features: Garden
  • Foundation Details: Slab
  • Levels: One
  • Patio And Porch Features: Front Porch, Patio
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Security Features: Security System
  • Vegetation: Mature Landscaping, Trees/Landscaped, Wooded
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Bathrooms Full: 2
  • Appliances: Cooktop, Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace: Yes
  • Flooring: Cork, Porcelain Tile, Hardwood
  • Heating: Electric, Natural Gas
  • Interior Features: Ceiling Fan(s), Chair Rail, L Dining, Primary Bedroom Main Floor, Thermostat
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 3.0
  • Water View: No
  • Bathrooms Half: 0

Property History for 506 Southwest 40th Terrace

DateEvent & SourcePriceAppreciation
Apr 25, 2024

Sold

MFRMLS #GC517417

$410,000—
Mar 19, 2024

Pending

MFRMLS #GC517417

—
Nov 16, 2023

Listed (Active)

MFRMLS #GC517417

$420,000—
DateEvent & SourcePrice
04/25/2024

Sold

MFRMLS #GC517417

$410,000
03/19/2024

Pending

MFRMLS #GC517417

—
11/16/2023

Listed (Active)

MFRMLS #GC517417

$420,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Southwest 40th Terrace

Taxable ValueLand$141,600Additions$208,907Total$350,507
Tax Record2025$7,082 ($590 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,077 SqFtAbove Grade Finished SqFt2,077 SqFtStories1Lot Size27,878 SqFtStyleSingle Family ResidenceYear Built1966Year Renovated1995ZoningRSF1CountyALACHUAAPN06525-008-000

Schools near 506 Southwest 40th Terrace

This home is within Alachua.
Rating
School
Type
Grades
Distance
Littlewood Elementary School
Public - PK to 5
Westwood Middle School
Public - 6 to 8
Gainesville High School
Public - 8 to 12
Siatech Gainesville
Charter - 8 to 12
Rating
School
Distance
Littlewood Elementary School
PublicPK to 5

Westwood Middle School
Public6 to 8

Gainesville High School
Public8 to 12

Siatech Gainesville
Charter8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 506 Southwest 40th Terrace, Gainesville, FL 32607
$410,000
4
2,077
27,879
505 Southwest 41 Street, Gainesville, FL 32607
–
–
–
–
14,375
516 Southwest 40th Terrace, Gainesville, FL 32607
–
3
2
1,955
16,553
426 Southwest 40 Terrace, Gainesville, FL 32607
$414,000
3
2,108
13,504
505 Southwest 40th Terrace, Gainesville, FL 32607
–
–
–
–
13,939
515 Southwest 40 Terrace, Gainesville, FL 32607
$325,000
4
1,878
17,424

Explore Nearby Homes

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Listing Courtesy of RABELL REALTY GROUP LLC

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.