Palm Terrace
Homes for Sale in Gainesville, FL
All 849 homes for sale in Gainesville, FL · median $295,000 · 59 homes for sale in 32601 · Alachua County homes for sale
True comps, carrying-cost math, and listings before the portals.
As of November 2026, the MLS records 29 closed sales in Palm Terrace in Gainesville, FL since 1992, the most recent in August 2025. Across Gainesville as a whole, 2,065 homes closed in the last 12 months at a median of $312,500, 48 median days on market, with 748 homes for sale today. At that median and Alachua County's FY2025-26 rate of 16.56 mills, annual property tax runs about $5,170 ($4,530 with the full homestead exemption).
Palm Terrace currently shows no active MLS listings, which means there is no live asking price to anchor to and no inventory to tour. In a community this small and quiet, price is driven almost entirely by the individual home - condition, updates, lot, and how long it has been since the last turnover - rather than by any competitive stack of comparable listings sitting on the market.
For a buyer, the posture here is patience: this is a watch-and-wait community where you set alerts and move quickly when something lists, because you may be looking at one option rather than several. For a seller, the empty board cuts both ways - little to no direct competition, but also thin recent evidence, so pricing leans on condition and the broader Gainesville market rather than on neighbors who just sold.
Figures in this note are as of October 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside Palm Terrace right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Palm Terrace is a small Gainesville community in Alachua County with nothing currently listed on the MLS, so it trades quietly and infrequently rather than as an active, shoppable market.
Stellar MLS sales records identify 17 homes in Palm Terrace that have changed hands since 1992, built between 1924 and 1984 (median 1940), with a median living area of about 2,007 sq ft and a typical 4-bedroom, 2-bath layout; 100% are single-family homes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Palm Terrace is best for.
Best for
- Buying with a flexible timeline and the patience to wait for the right listing
- Prioritizing a quiet, low-turnover residential pocket in Gainesville
- Comfortable evaluating a home on its own merits rather than against many comps
Probably not for
- Needing to purchase on a tight deadline
- Wanting shared amenities like a pool or clubhouse
- Expecting a deep selection of active listings to tour and compare
The market around Palm Terrace
Palm Terrace is a small community — 14 recorded sales on file, most recently in 2020 — too few for its own price trend. Here is the market around it.
In ZIP 32601, 83 homes are on the market and 8% are under contract — a slower corner of Gainesville.
Across Alachua County, 1,305 homes are active and 417 pending (24% under contract).
Homes here are single family residence.
In ZIP 32601 (Gainesville), 67 homes closed in the last 12 months at a median of $405K ($217/sq ft), down 6.6% year over year, with a median 40 days on market. Right now 17 active and 12 pending listings put supply at about 3.0 months - a balanced market. See the live ZIP 32601 housing market and the Alachua County market.
ZIP and county figures describe the wider market, not Palm Terrace specifically. Momentum Research analysis of MLS records.
Recent Developments in Palm Terrace
Development, infrastructure, retail, and school activity affecting Palm Terrace, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated October 2026.
- October 2026Infrastructure
EPA plans mile-long underground wall at Koppers Superfund site in Gainesville
The EPA presented a plan to the Gainesville City Commission for a mile-long, 65-foot-deep underground wall at the 90-acre Koppers site at 200 NW 23rd Ave. Construction could start this fall and run to mid-2027, and an information session is set for Oct. 21. The site will be cleaned to commercial and industrial standards only.
What it may mean for the marketThe cleanup sets long-term land use limits on a large north Gainesville parcel and brings construction activity there through 2027. The site is about 2 miles east of Palm Terrace.
Source: Mainstreet Daily News - September 2026Infrastructure
Alachua County budgets $106 million for roads and expands pothole repair
County Manager Michele Lieberman said the 2026-27 budget includes $106 million for roads across a 700-mile network. The county now runs four pothole crews six days a week, added milling and resurfacing to its Watson Construction contract, and is adding a $500,000 amendment for more repairs.
What it may mean for the marketAdded road funding and resurfacing should improve driving conditions on county roads and affect commute reliability. The site is about 3 miles southeast of Palm Terrace.
Source: Mainstreet Daily News - September 2026Development
GRU Authority approves demolition of Power District buildings ahead of possible land sale
The GRU Authority voted 3-0 to hire SGLC for $458,000 to demolish most buildings and remove asbestos on the roughly nine-acre Power District northeast of Depot Park. Demolition starts at the end of September and is to finish by Thanksgiving. GRU plans to sell the land, which it expects to bring at least $7.5 million.
What it may mean for the marketClearing about nine acres near Depot Park opens a possible future redevelopment site close to downtown. The site is about 4 miles southeast of Palm Terrace.
Source: Mainstreet Daily News - April 2026Development
Gainesville board approves 248-unit apartment project in northwest Gainesville
The Gainesville Development Review Board approved a 248-unit multifamily project in northwest Gainesville, planned as four four-story buildings with a clubhouse and amenities, with construction expected to run about 22 months.
What it may mean for the marketA new apartment community of this size adds rental housing to northwest Gainesville, a factor that can influence demand and pricing for nearby communities. The site is about 2 miles west of Palm Terrace.
Source: WCJB - December 2025Retail & Dining
Amrit Palace Indian restaurant to open on Southwest 34th Street in Gainesville
Amrit Palace, an Indian restaurant expanding from Ocala, is planned to open at 3105 Southwest 34th Street in Gainesville, adding a dining option along the 34th Street corridor near Archer Road.
What it may mean for the marketA new restaurant on the 34th Street corridor adds to the dining and retail mix that shapes daily convenience for nearby Gainesville communities. The site is about 4 miles south of Palm Terrace.
Source: 352today - May 2025Development
Archer Place luxury condo and retail project breaks ground at Archer Road and 34th Street in Gainesville
Archer Place, a mixed-use development at the corner of Archer Road and Southwest 34th Street near Butler Plaza in Gainesville, broke ground with plans for 92 residential units including penthouses and workforce apartments, ground-floor retail, and a roughly 6,000 square foot restaurant, with completion targeted for late 2026.
What it may mean for the marketA new mixed-use condo and retail project on the Archer Road corridor adds housing and commercial space near Butler Plaza, the kind of activity that can shape demand for nearby Gainesville communities. The site is about 4 miles south of Palm Terrace.
Source: Mainstreet Daily News
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.
The Palm Terrace buying strategy.
If we were buying in Palm Terrace today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palm Terrace.
A thin-inventory pocket
With zero active listings as of August 2026 and no community amenities identified from current MLS data, Palm Terrace is best understood as a residential pocket rather than an amenitized development. There is no pool, clubhouse, or shared facility showing in the listing record, so the value proposition rests on the homes themselves and the location within Gainesville.
Because so little trades here at any given time, each sale carries outsized weight in setting the tone. That makes recent condition and renovation history the real levers on price, and it makes timing matter - when a home does come up, there is often no second one behind it to compare against.
The location and the amenities are priced into every listing in Palm Terrace. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a community with no current listings, the work is reconnaissance: tracking the moment something hits the market, reading a lone comparable correctly, and advising honestly on condition-driven pricing when there is no competitive stack to lean on. We would rather tell you Palm Terrace is quiet right now than manufacture urgency around inventory that does not exist.
Palm Terrace in 15 seconds.
Tools for a Palm Terrace buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palm Terrace sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Terrace, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palm Terrace home worth?
Get a no-obligation home value based on real comparable sales in Palm Terrace, 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 all homes for sale in Gainesville →
Should you buy in Palm Terrace?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Stellar MLS, refreshed twice daily (last: November 7, 2026) |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 1992 (29 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.
Looking to buy here? Search homes for sale →
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See how Palm Terrace fits the bigger picture — live prices, inventory, and Momentum Scores:
Email me new listings in Palm Terrace
One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.
Ask an agent about Palm Terrace
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Palm Terrace will answer, and the answer is published on this page for the next buyer.
Schools serving nearby communities
We do not have a confirmed school assignment for Palm Terrace. These are the public schools most often assigned to other communities in ZIP 32601 / 32603 / 32606 / 32607 / 99999; zones change and vary by address, so confirm with the district before you buy.
- Meadowbrook Elementary School · K-5 · FLDOE grade A (assigned to 2 nearby communities)
- Fort Clarke Middle School · 6-8 · FLDOE grade A (assigned to 2 nearby communities)
- F.W. Buchholz High School · 9-12 (assigned to 2 nearby communities)
- Newberry Elementary / Oak View · (confirm zoning) (assigned to 2 nearby communities)
Assignments from district data for neighboring communities; grades are official Florida Department of Education school grades (2025-26).
The real cost & risk here
Before the list price, the Florida math the portals skip. These are Alachua County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.
Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Alachua County scorecard.
County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.