2227 NW 16TH TERRACE, GAINESVILLE, FL, 32605
Active67 days on marketListed May 29, 2026MLS #GC540485
About this home
2227 NW 16TH TERRACE
Seller to pay 6 months HOA dues with acceptable offer. Affordable luxury in a prime Gainesville location! This move-in ready 2-bedroom, 2-bath second-floor condo is conveniently located less than 2 miles from the University of Florida and UF Health Shands Hospital, with easy access to shopping, dining, fitness centers, parks, and public transportation. The well-designed floor plan features soaring 9-foot ceilings, abundant natural light, luxury vinyl plank flooring throughout, and an open-concept living and dining area ideal for everyday living and entertaining. The spacious kitchen offers ample cabinet space, a breakfast bar, and a dedicated dining area. Both bedrooms feature large walk-in closets and private en-suite bathrooms, creating a functional split-bedroom layout. The primary suite includes an upgraded custom closet system, while a separate laundry room provides additional storage and convenience. Enjoy your morning coffee or unwind in the evening on the screened-in balcony overlooking the community grounds. Additional improvements include all windows replaced, luxury vinyl plank flooring, newer kitchen appliances including a refrigerator, convection range/oven, and dishwasher, and a new roof completed in January 2025. A private, lockable exterior storage room located just outside the front door provides the perfect space for bicycles, outdoor gear, and additional belongings. Community amenities include a swimming pool, outdoor grilling areas, shaded gathering spaces, and professionally maintained grounds. The HOA covers key exterior maintenance and community amenities, providing convenience and peace of mind. Located just minutes from UF, UF Health Shands Hospital, Alfred A. Ring Park, shopping, restaurants, and everyday conveniences, this property offers an exceptional combination of comfort, updates, and location. Whether you're seeking a primary residence, a second home, or an investment opportunity, this well-maintained condo is ready for its next owner. Competitively priced to reflect current market conditions, this is an opportunity you won't want to miss.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,038
Sqft
0 ac
Lot size
2005
Year built
One
Levels
$178
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 — not generic estimates.
$1,473 /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
$1,473/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
+8.3%
$/sqft vs Gainesville actives
$178 vs $199
Days on market
67 vs 45 typical
Where $178/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 Gainesville
Get to know Gainesville. See the full Gainesville guide →
GAINESVILLE 32605 — neighborhood snapshot
Population
25,698
Median age
40.5
Median income
$83,114
Median home value
$264,700
Avg household
2.34
Households w/ children
2,649
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
$294K → $323K
Gainesville median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
186 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 27% below the GAINESVILLE 32605 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 2227 NW 16TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$165,000
2211 NW 16TH TERRACE UNIT 2211 · same community
2 bd · 2 ba · 1,038 sqft · $159/sqft · 16 DOM
Sold · Aug ’25$200,000
2285 NW 16TH TERRACE · same community
3 bd · 3 ba · 1,463 sqft · $137/sqft · 140 DOM
Sold · Nov ’25$699,000
5906 Michaux Street, Boca Raton FL 33433 · same community
3 bd · 2 ba · 1,646 sqft · $425/sqft · 11 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 2227 NW 16TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2227 NW 16TH 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
2227 NW 16TH TERRACE FAQs
What would the monthly payment be for 2227 NW 16TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,473/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 2227 NW 16TH TERRACE?+
The most recent tax bill on record (2025) was $1,710. 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 2227 NW 16TH 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 $185,000, this home is listed about 37% below the Gainesville median of $295,000. The market section on this page shows how the area is trending.
Which schools are assigned to 2227 NW 16TH TERRACE?+
Gainesville High School (high), Carolyn Beatrice Parker Elementary (elementary), Westwood Middle School (middle) — Alachua County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of FIRST CHOICE REALTY OF NORTH FLORIDA LLC · Dawn Johnson. MLS #GC540485.
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 2227 NW 16TH 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 →