2744 SW 118TH TERRACE, GAINESVILLE, FL, 32608
Active130 days on marketListed Mar 24, 2026MLS #GC537868
About this home
2744 SW 118TH TERRACE
Welcome to this stunning one owner home featuring 4 bedrooms and 3 baths in the highly sought after community of Oakmont, where thoughtful upgrades, timeless finishes, and functional design come together beautifully. From the moment you arrive, you’ll notice the freshly repainted exterior and enhanced landscaping that elevate the home’s curb appeal. Tucked behind the home, the rear entry garage offers both convenience and a clean, polished streetscape. Step inside and you’re greeted by warm wood flooring that flows throughout the main living areas, complemented by classic plantation shutters that add both charm and privacy. Just off the entry, a dedicated dining room provides the perfect space for gatherings and can easily flex into a home office to suit your needs. The heart of the home is the kitchen, where attention to detail shines from the beautifully finished island with custom backside detailing, stainless appliances including a newer KitchenAid dishwasher, specialty wood shelving in the pantry, and seamless flow into the great room with soaring ceilings. Designed for both everyday living and entertaining, the home also features a built in bar area, perfect for hosting guests or unwinding at the end of the day. The oversized primary suite is conveniently located on the main level and offers a true retreat with a spacious en suite bath and a large walk in closet. Two additional bedrooms on the first floor share a well appointed guest bathroom, creating a functional and comfortable layout. Upstairs, a customized space creates a private retreat with a spacious bedroom, full bath, and landing area, ideal for guests, a home office, or multi generational living. Step outside to your own backyard oasis. The fenced yard offers privacy and functionality, while the expanded paver patio is designed for entertaining with durable outdoor cabinets, a sink, and a shade cover, making it the perfect space for gatherings year round. As an added bonus, the golf cart will convey with an acceptable offer, making it even easier to enjoy everything Oakmont has to offer. Living in Oakmont means enjoying resort style amenities including a clubhouse, fitness center, pool, tennis courts, basketball, playgrounds, and walking trails, all within a vibrant and welcoming community. The location is exceptional with convenient access to the University of Florida, Shands Hospital, North Florida Regional Medical Center, Celebration Pointe, and Butler Plaza for dining, shopping, and entertainment.
Facts & features
The home at a glance
4
Bedrooms
3
Bathrooms
2,081
Sqft
0.15 ac
Lot size
2
Garage
2016
Year built
Two
Levels
$235
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$3,949 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,949/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−3.9%
$/sqft vs Gainesville actives
$235 vs $200
Days on market
130 vs 36 typical
Where $235/sqft sits among the 400 Gainesville actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Oakmont
Get to know Gainesville. See the full Gainesville guide →
Oakmont — neighborhood snapshot
Population
1,411
Median age
37
Median income
$177,933
Median home value
$458,500
Avg household
3
Households w/ children
195
For the school run
Alachua County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Gainesville market
$320K → $312K
Gainesville median sold, yr/yr
96.6%
Sale-to-list ratio (12 mo)
179 of 400
Gainesville actives have cut their price
Median sold price, Gainesville, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 122% above the GAINESVILLE 32608 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 2744 SW 118TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$435,000
2778 SW 119TH TERRACE · same community
3 bd · 2 ba · 1,572 sqft · $277/sqft · 290 DOM
Sold · Sep ’25$430,000
11899 SW 28TH AVENUE · same community
3 bd · 2 ba · 1,520 sqft · $283/sqft · 6 DOM
Sold · Jan ’26$1,029,999
2728 SW 115TH DRIVE · same community
5 bd · 3.5 ba · 3,200 sqft · $322/sqft · 173 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 2744 SW 118TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2744 SW 118TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
2744 SW 118TH TERRACE FAQs
What would the monthly payment be for 2744 SW 118TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,949/mo — principal and interest, the actual property-tax bill, the $7/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 2744 SW 118TH TERRACE?+
The association fee works out to $7 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 2744 SW 118TH TERRACE?+
The most recent tax bill on record (2025) was $8,245. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 2744 SW 118TH TERRACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Gainesville?+
At $489,000, this home is listed about 65% above the Gainesville median of $295,500. The market section on this page shows how the area is trending.
Which schools are assigned to 2744 SW 118TH TERRACE?+
Lawton M. Chiles Elementary School (elementary), Kanapaha Middle School (middle), F. W. Buchholz High School (high) — Alachua County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$489,000 runs 122% above the GAINESVILLE 32608 median — but at 2,081 sqft it's also 44% larger than the typical Gainesville listing.
02Time on market is leverage
130 days on market against a Gainesville median of 36 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Lawton M. Chiles Elementary School, Kanapaha Middle School, F. W. Buchholz High School — Lawton M. Chiles Elementary School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $529,000, now $489,000 — a $40K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS · Lisa Fetrow. MLS #GC537868.
IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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