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$795,000
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Property Description
A rare opportunity to own an architectural masterpiece: Frank Lloyd Wright-inspired design with the sleek sophistication of Manhattan open concept loft living. Designed by architect Tom Tonnelier in 1991, this 4-story, waterfront residence is set on nearly two acres of serene, wooded privacy in Gainesville's prestigious 'The Hammock' neighborhood. This stunning four-level home features multiple flex spaces-including the option to convert the 1st level into a self-contained in-law suite-a swimming pool, a 360 degree observatory, two-car garage, multiple decks and balconies, and floor-to-ceiling windows that fill the interior with natural light and showcase soaring 20-foot ceilings. A custom-built sculptural spiral staircase anchors all 4-story levels, while the outdoor elevator (installed in 2024) offers access between the 1st and 2nd floors. A multi-level screened deck overlooks the 40-foot heated lap pool, creating a seamless indoor-outdoor retreat perfect for both everyday living and effortless entertaining. Upgraded in 2021, every detail has been curated for comfort and style. This unique, one-of-a-kind home offers both peace of mind and enduring design. Turnkey opportunity.
Full Property Details
Full Property Details for 5311 NW 98th Terrace
General
- Sold For: $795,000
- HOA FEE: $54/month
- HOA FEE FREQ.: Annually
- Taxes: $5,163 (2024)
- Status: Closed
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: GC529168
- Added to Site: 300 day(s) ago
Rental Information
- Min. Lease: 6 Months
Interior
- Number of Rooms: 3
- Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, Elevator, High Ceilings, Open Floorplan, PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Window Treatments
- Fireplace: Yes
- Fireplace(s): Family Room, Wood Burning
- Appliances: Cooktop, Dishwasher, Dryer, Range Hood, Refrigerator, Tankless Water Heater, Washer
- Flooring: Luxury Vinyl, Porcelain Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Deck, Heated, In Ground, Lap
Exterior
- Exterior Features: Balcony, Sliding Doors
- Deck/Patio: Covered, Deck, Enclosed, Patio, Porch, Rear Porch, Screened, Side Porch
- Porch/Patio/Deck: Covered, Deck, Enclosed, Patio, Porch, Rear Porch, Scree
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Circular Driveway, Driveway, Garage Faces Side, Ground Level, Oversized
Location
- Area: 32653 - Gainesville
- County: Alachua
- Development Name: 32653 - Gainesville
- Subdivision: HAMMOCK THE
- Driving Directions: Driving I-75 North take exit 390 then go east on NW 39th Ave, turn left onto NW 98th St. follow 98th St to 98th Terrace, home is on the left 5311.
- Direction Faces: North
School Information
- Elementary School: William S. Talbot Elem School-AL
- Middle School: Fort Clarke Middle School-AL
- High School: Gainesville High School-AL
Community
- Community Name: 32653 - Gainesville
- Association: Yes
- Assoc. Name: David Cohen
- Pet Restrictions: Buyer should verify/confirm with the association on any pet restrictions.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Heat Pump
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Cable TV Available, Electricity Available, Electricity Connected, Water Available, Water Connected
Structural Information
- Architectural Info: Mid-Century Modern
- Architectural Style: Mid-Century Modern
- Exterior Const.: Wood Siding
- Roof: Other
- Stories/Levels: Three Or More
- Square Feet: 2,342
- Sq. Ft. Source: Public Records
- Living Area: 2,342 Sq. Ft.
- Year Built: 1993
Lot Features
- Property View: Water
- Lot Size (Acres): 1.93
- Lot Size (Sq. Ft.): 84,071
- Lot Size: 1.93
- Frontage: Street Paved
- Street/Road Desc.: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Creek, Pond
- Water Front Desc.: Creek, Pond
Financial Considerations
- Association Fee: $650
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Required
- Tax Amount: $5,163.94
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: THE HAMMOCK PB J-1 LOT 39 OR 2366/0027
- Flood Zone Info: X
- APN: 6037039000
- Property ID: 6037039000
Listed and Sold by Bhgre Thomas Group
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Schools
Schools serving 5311 NW 98th Terrace
School District:Alachua County School District
| Name | Grades | Distance |
|---|---|---|
William S. Talbot Elementary School 5701 Northwest 43rd Street, Gainesville, FL 32653 | K-5 | 3.5 mi |
Fort Clarke Middle School 9301 Northwest 23rd Avenue, Gainesville, FL 32606 | 6-8 | 2.1 mi |
Gainesville High School 1900 Northwest 13th Street, Gainesville, FL 32609 | 9-12 | 6.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5311 NW 98th Terrace
Date
Details
Price
Change
Source
9/25/2025
Sold
$795,000
—
MLS
6/05/2025
Price Reduced
$795,000
-6.47%
MLS
4/30/2025
Price Reduced
$850,000
-4.39%
MLS
3/26/2025
Listed
$889,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5311 NW 98th Terrace, Gainesville, FL 32653 (MLS# GC529168) is a Single Family property that was sold at $795,000 on September 25, 2025. Want to learn more about 5311 NW 98th Terrace? Do you have questions about finding other Single Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.
