Madison Square at Millpond in Gainesville

Madison Square at Millpond

Established 1988 · Gainesville · Alachua County

A small, secluded enclave of free-standing homes within the Mill Pond area of northwest Gainesville.

NW Gainesville, secludedSmall enclave of single-family homesConfirm HOA with the listing
Live Market Pulse
51/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseStellar MLS
$311K
Median Price
6mo
Supply
28days
Avg DOM
Soft
Seller Leverage
$200/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Madison Square at Millpond is a small, secluded enclave reported at around 22 free-standing homes set among dense woods within the larger Mill Pond area of northwest Gainesville (Gainesville neighborhood profiles). The Mill Pond area sits roughly 4 miles from downtown, was built largely from the mid-1980s into the mid-1990s, and is centrally located between the University of Florida, the Oaks Mall, and Interstate 75. The read is location and scarcity: a tiny pocket of detached homes close to campus, shopping, and the interstate. Confirm the exact HOA structure for the parcel, since the broader Mill Pond area carries association dues and shared amenities, and read the specific home's age, condition, and lot before you offer."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Madison Square at Millpond market snapshot (as of June 18, 2026): the median sale price is about $311K ($200 per sq ft), with homes averaging 28 days on market and 6.0 months of supply, a buyer-leaning market (limited data). Based on 2 recent closings in live Stellar MLS data.

Madison Square at Millpond is a small enclave reported at roughly 22 free-standing single-family homes nestled among dense woods within the Mill Pond area of northwest Gainesville, Alachua County (Gainesville neighborhood profiles). Confirm the ZIP and parcel with the listing.

The surrounding Mill Pond area is reported as about 4 miles from downtown Gainesville, built mainly from the mid-1980s into the mid-1990s, and centrally located between the UF campus, the Oaks Mall, and Interstate 75. Treat dates and figures as reported and confirm per home.

Because Madison Square is a detached-home pocket inside a larger condominium and townhome community, the carrying-cost picture turns on what association the specific home belongs to and what it covers. Confirm whether the home is part of a mandatory HOA, and what the dues include, before you offer.

This is a location-and-condition buy in a small, wooded setting. Read the home's age, the roof, HVAC and systems, the lot, and any flood or drainage considerations, and comp within the immediate area by condition rather than the broader Gainesville average.

Best for

  • Buyers who want a small, secluded detached-home setting close to UF, the Oaks Mall, and Interstate 75
  • Buyers who value a wooded, low-traffic pocket over a large master-plan community
  • Buyers who will confirm the HOA structure and read condition before they offer
  • Buyers who want a central northwest Gainesville location

Probably not for

  • Buyers who want a large, uniform new-construction subdivision
  • Buyers who want gated, amenity-dense living
  • Buyers who want a turnkey home with no renovation reserve
  • Buyers who need a wide selection of inventory in one neighborhood

How Madison Square is performing right now

51/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
6Months of supplytight
28Median days on marketdays
0 : 1Under contract vs for salestrong demand
2Sold in last 12 monthsliquidity
-99%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 18, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Madison Square listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Madison Square at Millpond buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Madison Square

Live MLS inventory for Madison Square at Millpond. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Madison Square listings as of 2026-06-18, priced high to low. Listings courtesy of Stellar MLS as distributed by MLS GRID.. Tap any home to ask about it.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

University of Florida~5 to 10 min · south, approximate
The Oaks Mall~5 to 10 min · west, approximate
Interstate 75~5 to 10 min · regional access, approximate
Downtown Gainesville~8 to 12 min · east, approximate
North Florida Regional Medical Center~5 to 10 min · nearby, approximate
Gainesville Regional Airport (GNV)~15 to 20 min · northeast, approximate

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Madison Square at Millpond with Momentum Realty’s local guides.

PVPalmetto VillasGainesville, FL · 0.1 miKLKelston Lane ClusterGainesville, FL · 0.2 miPWPine WoodsGainesville, FL · 0.3 miRURustlewoodGainesville, FL · 0.5 miRARaintreeGainesville, FL · 0.5 miEHEdgewood HillsGainesville, FL · 0.5 miLPLenox PlaceGainesville, FL · 0.6 miCOCoventryGainesville, FL · 0.6 miHPHibiscus ParkGainesville, FL · 0.6 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Madison Square (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Alachua County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Madison Square is served by Alachua County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Madison Square address.

The takeaway

What actually shapes value at Madison Square at Millpond, sourced and dated. We do not publish rumor.

Recent Developments in Madison Square at Millpond

Our read on what is being built around Madison Square, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe structural story is a small, secluded enclave of detached homes inside the central Mill Pond area of northwest Gainesville. The watch items are the association structure for the specific home, the age and condition of an older home, and the lot.

Central NW Gainesville location near UF, the Oaks Mall, and I-75

BullishA central pocket within minutes of campus, shopping, and the interstate supports steady demand; confirm the parcel and the association. impact
SignificanceRadius: Neighborhood

Central NW Gainesville location near UF, the Oaks Mall, and I-75

Small enclave and an older Mill Pond housing stock

NeutralA tiny detached-home pocket built mainly in the late 1980s and 1990s means a renovation read matters and inventory is thin; read condition and confirm the association per parcel. impact
SignificanceRadius: On-site

Small enclave and an older Mill Pond housing stock

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Madison Square at Millpond, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. Reported
    Neighborhood

    Secluded enclave of free-standing homes within Mill Pond

    Madison Square at Millpond is reported as a secluded enclave of about 22 free-standing homes among dense woods within the Mill Pond area of northwest Gainesville, which sits roughly 4 miles from downtown and was built mainly from the mid-1980s into the mid-1990s, centrally located between UF, the Oaks Mall, and Interstate 75 (Gainesville neighborhood profiles). Treat figures as reported and confirm. Why it matters: The central location and the scarcity of detached homes here are the story; value turns on the specific home, condition, and the association. Source

Development alerts for Madison Square at MillpondGet a short monthly email when something new is approved, funded, or opens near Madison Square at Millpond.

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Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Madison Square, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the association structure first, since Madison Square sits within the larger Mill Pond community; verify whether the home is in a mandatory HOA and what the dues cover.

2

Read the home's age and condition, the roof, HVAC, electrical, and plumbing on an older home, and price the renovation honestly.

3

Confirm the lot and any flood or drainage exposure, and verify the flood zone per parcel.

4

Read the floor plan and updates, since homes in a small enclave vary in layout and finish.

5

Comp within the immediate Mill Pond area by condition, not the broader Gainesville average, given thin inventory here.

Best Buy
An updated detached home on a sound, well-drained lot with the association structure and flood zone confirmed.
Biggest Risk
Misreading the association structure, or underbudgeting renovation on an older home.
Best Lot
Higher, well-drained lots away from low areas reduce drainage and flood risk; confirm per parcel.
Smart Timing
Confirm the HOA, condition, and the flood zone before you write.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Madison Square at Millpond is a small enclave reported at roughly 22 free-standing single-family homes among dense woods within the larger Mill Pond community in northwest Gainesville, Alachua County. The surrounding Mill Pond area is reported as about 4 miles from downtown, built mainly from the mid-1980s into the mid-1990s, and centrally located between the University of Florida, the Oaks Mall, and Interstate 75, with a community clubhouse, pool, and tennis courts in parts of the larger community. Because Madison Square is a detached-home pocket inside a community that also includes condominiums and townhomes, confirm the exact association the specific home belongs to and what the dues cover. Confirm the exact zoned schools with the district by home address.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: original-condition home needing updates
$280K to $280K

The most attainable homes are original-condition detached homes that need updating. Price the renovation before assuming value.

Lowest entry
Mid: updated detached home
$280K to $342K

The middle is updated detached homes. Condition, the kitchen and systems, and the lot separate these more than square footage alone.

Most inventory
High: larger renovated home on a prime wooded lot
$342K to $342K

The top end is larger renovated homes on the best wooded lots in the enclave. These trade on condition and the setting.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$280K to $280K
Entry: original-condition home needing updates
The most attainable homes are original-condition detached homes that need updating. Price the renovation before assuming value.
$280K to $342K
Mid: updated detached home
The middle is updated detached homes. Condition, the kitchen and systems, and the lot separate these more than square footage alone.
$342K to $342K
High: larger renovated home on a prime wooded lot
The top end is larger renovated homes on the best wooded lots in the enclave. These trade on condition and the setting.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Gainesville locationStrong
Scarce, established homesitesStrong
Established, in-demand locationPositive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Madison Square

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The central location and the wooded seclusion are priced into every Madison Square listing. The deal is won on the home's condition, the lot, and the association math, not the sticker.

Jon Brooks · Founder, Momentum Realty
7.7B · Buy Score
Resale Strength7.8/10
Renovation Risk5.8/10
Location Efficiency8.6/10
Long-Term Defensibility7.4/10
Carrying Cost Advantage7.6/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Madison Square is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take
  • Higher, well-drained lots away from low areas reduce flood and drainage risk.
  • The wooded seclusion is part of the appeal; confirm any tree considerations.
  • Confirm the association structure for the specific home before the finishes.

In a small wooded enclave like Madison Square at Millpond, the lot and the home's condition set value together. Higher, well-drained lots carry less flood and drainage risk, and the dense tree canopy is part of the appeal. Compare a home against the closest sale within the immediate Mill Pond area by condition and lot, confirm the association structure and dues, and confirm the flood zone before the finishes.

Madison Square in 15 seconds.

Best forBuyers who want a small, secluded detached-home setting close to UF, the Oaks Mall, and Interstate 75.
Strong onA central northwest Gainesville location, a wooded, low-traffic setting, and the scarcity of detached homes here.
WatchThe association structure for the specific home, the renovation read on an older home, and the lot.
Not forBuyers who want new construction, gated amenities, or a wide selection of inventory in one neighborhood.
The edgeThin inventory and a central location mean matching the right home at the right condition is the find.

HOA, CDD & Fees

15-Second Take
  • Madison Square sits within the larger Mill Pond community; confirm the association per home.
  • The broader area carries dues and shared amenities; confirm what the home participates in.
  • An older housing stock means a renovation read matters.
  • A central NW Gainesville location near UF, the Oaks Mall, and I-75.
  • Comp within the immediate area by condition, not the city average.

Madison Square at Millpond sits within the larger Mill Pond community in northwest Gainesville, where the broader area carries homeowners and condominium association dues and shared amenities. Confirm the exact association the specific home belongs to, the current dues, and what they cover, along with any CDD, before you offer. Confirm the CDD/HOA with the listing.

In the broader Mill Pond area, dues are reported to provide access to a clubhouse with tennis courts and a pool; confirm whether a detached home in Madison Square participates in those amenities and what its dues actually cover.

No private club. The amenity picture, where it applies, is the Mill Pond clubhouse, pool, and tennis courts within the larger community. Confirm what is included for the specific home.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Madison Square, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Palmetto Woods, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Madison Square home worth?

Get a no-obligation home value based on real comparable sales in Madison Square matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Madison Square at Millpond on the map →
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Real comps, not a Zestimate.

Madison Square at Millpond Market Scorecard

Strong seller's market

Madison Square at Millpond is currently a strong seller's market. About 1.8 months of supply, a median asking price of $1,049,500, and homes go under contract in about 72 days.

1.8
Months supply
$1,049,500
Median list
$847,500
Median sold
$321
Per sqft
72
Days on mkt
6/7/39
Active/Pend/Sold

Typical home value in the 32224 ZIP is $456,759, about 13.7% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Madison Square at Millpond?
It is a small enclave of free-standing homes within the Mill Pond community in northwest Gainesville, Alachua County, reported as roughly 4 miles from downtown and centrally located near UF, the Oaks Mall, and Interstate 75. Confirm the ZIP and parcel with the listing.
How many homes are in Madison Square at Millpond?
It is reported as a secluded enclave of about 22 free-standing homes among dense woods. Treat the count as reported and confirm with the listing.
Does Madison Square at Millpond have an HOA?
Madison Square sits within the larger Mill Pond community, where the broader area carries association dues and shared amenities. Confirm the exact association the specific home belongs to, the dues, and what they cover before you offer.
What kinds of homes are here?
Free-standing single-family homes within a community that also includes condominiums and townhomes. The surrounding Mill Pond area was built mainly from the mid-1980s into the mid-1990s. Confirm sizes and dates per home.
What amenities does the community have?
Parts of the larger Mill Pond community are reported to offer a clubhouse with tennis courts and a pool through the association. Confirm whether a detached home in Madison Square participates in those amenities and what its dues cover.
How far is it from the University of Florida?
The UF campus and the Oaks Mall are reported within roughly 5 to 10 minutes, with downtown and Interstate 75 close by. Drive times are approximate and vary with traffic.
Is Madison Square at Millpond in a flood zone?
Some lots may sit near lower or wooded areas. Confirm the FEMA flood zone and any drainage history for the specific parcel.
What schools serve the area?
Assignments change, so verify the exact zoned schools with the district by home address.
Is this a good investment?
A scarce detached-home pocket in a central location supports steady demand, but value is home specific. Confirm condition, the lot, the association structure, and the renovation math before deciding.
What should I budget for renovation here?
Because much of the surrounding housing stock dates to the late 1980s and 1990s, budget for the roof, HVAC, electrical, plumbing, and finishes on an older home. Price the work honestly before you judge any list price.
Is the area walkable?
It is a wooded, low-traffic pocket in a central location near shopping, campus, and the interstate. Walkability varies by location; confirm what is within reach for the specific home.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. In a small enclave where condition, the lot, and the association structure drive value, having your own representation to read the home and the comps is the highest-leverage decision you make.
You want a small, secluded detached-home setting close to UF, the Oaks Mall, and Interstate 75Excellent fit
You value a wooded, low-traffic pocket over a large master-plan communityExcellent fit
You will confirm the association structure and read condition before you offerExcellent fit
You want new construction or gated, amenity-dense livingProbably not
You want a turnkey home with no renovation reserveProbably not
You need a wide selection of inventory in one neighborhoodProbably not

Get the inside read on Madison Square

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Madison Square home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Madison Square specialist will reach out personally, usually the same day.

Stellar MLS logoMLS GRID logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. 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; deemed reliable but not guaranteed by MLS GRID.

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