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I took a look at home sales along Millhopper Road in NW Gainesville this week (aka NW 53rd Ave). One thing that stood out is the performance of luxury homes in the area.

San Felasco State Park

San Felasco sunset

There were 6 large luxury homes in this area that sold in the last 6 months.  That is an impressive concentration, and it shows that Millhopper Road is a hot area even in a cool market.  (There have been 50 sales in all of Alachua County during the same time frame).  There are 9 homes on the market as I am typing this. There is about 9 months of inventory at the current absorption rate.

It’s easy to understand why the area is so desirable if you have ever driven down Millhopper road or spent time at San Felasco Hammock Preserve State Park.

What’s the Bottom Line?

These homes averaged about 4,000 square feet and 10 years old.  The median sale price was $632,500 after only 115 days on the market ($155/sqft).

Address Size Built Beds Full Bath Half Bath Neighborhood Sell Date Sell Price
4812  NW 58th ST 3,660 2003 4 3 1 Millhopper Forest 18-Jun $554,500
5828  NW 72 ST 3,829 1998 4 3 1 Woodfield 22-Jun $560,000
6427  NW 81st BLVD 3,909 1998 5 4 0 San Felasco Estates 25-May $615,000
4906  NW 65th WAY 4,394 1998 5 3 2 Thornehill 14-Jun $650,000
8452  NW 62nd LN 3,936 2006 4 4 1 San Felasco Estates 28-May $694,750
6731  NW 81st BLVD 4,718 2004 5 4 1 San Felasco Estates 21-May $760,000

Gotta Have One?

Click Here to see all the Luxury Homes for sale in Northwest Gainesville.