6723 SW 40TH TERRACE, GAINESVILLE, FL, 32608
Active83 days on marketListed May 10, 2026MLS #GC540219
About this home
6723 SW 40TH TERRACE
Build the custom home you've always envisioned on this stunning corner lot nestled within the exclusive, gated community of Savanna Pointe. Mature trees dot the landscape, offering natural beauty and privacy. Sip your morning coffee on the front porch and soak in the serenity, or stroll along the sidewalk through this sought-after enclave of luxury residences. Perched on the edge of Paynes Prairie, Savanna Pointe offers something truly unique — a private golf cart path with direct access to the Gainesville Country Club. The location couldn't be more convenient, with UF Health, the University of Florida, and the VA Medical Center all within approximately 5 miles. When it's time to shop or dine, Celebration Pointe and Butler Plaza are just 3 miles away, and quick access to the I-75 corridor makes getting around a breeze. This is an open builder lot with a minimum build requirement of 1,500 sq ft — your blank canvas awaits. Contact us today to schedule your private tour.
Facts & features
The home at a glance
0.23 ac
Lot size
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.
$1,290 /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
$1,290/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.
Where it sits
Inside Gainesville
Get to know Gainesville. See the full Gainesville guide →
GAINESVILLE 32608 — neighborhood snapshot
Population
53,966
Median age
30.2
Median income
$60,182
Median home value
$340,200
Avg household
2.3
Households w/ children
4,332
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)
Median sold price, Gainesville, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 45% below the GAINESVILLE 32608 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 6723 SW 40TH 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$510,000
4002 SW 69TH AVENUE · same community
4 bd · 3 ba · 2,141 sqft · $238/sqft · 26 DOM
Sold · Sep ’25$198,000
4901 SW 46TH STREET
3 bd · 1 ba · 1,040 sqft · $190/sqft · 0 DOM
Sold · Mar ’26$283,000
4826 SW 45TH STREET
2 bd · 2 ba · 1,296 sqft · $218/sqft · 0 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 6723 SW 40TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 6723 SW 40TH 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
6723 SW 40TH TERRACE FAQs
What would the monthly payment be for 6723 SW 40TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,290/mo — principal and interest, the actual property-tax bill, the $202/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 6723 SW 40TH TERRACE?+
The association fee works out to $202 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 6723 SW 40TH TERRACE?+
The most recent tax bill on record (2025) was $2,031. 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 6723 SW 40TH TERRACE?+
The listing reports pets: Cats OK, Dogs OK, 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 $119,900, this home is listed about 59% below the Gainesville median of $295,500. The market section on this page shows how the area is trending.
Which schools are assigned to 6723 SW 40TH TERRACE?+
Idylwild Elementary School (elementary), Kanapaha Middle School (middle), Eastside High School (high) — Alachua County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the GAINESVILLE 32608 market on paper
$119,900 is 45% below the GAINESVILLE 32608 median of $220,000.
02Time on market is leverage
83 days on market against a Gainesville median of 36 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $129,999, now $119,900 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of KELLER WILLIAMS GAINESVILLE REALTY PARTNERS · Saveela Asad. MLS #GC540219.
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.
Never miss a listing
New Gainesville homes, in your inbox
Like 6723 SW 40TH TERRACE but not quite? A daily digest of every new listing in Gainesville — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask David to ping you on any price or status change →