Palm Terrace

Established 1988 · Gainesville · Alachua County

An established, tree-shaded bungalow neighborhood near Hogtown Creek in the University Park area of Gainesville.

University Park area, establishedMostly smaller bungalowsConfirm HOA with the listing

Live Market Pulse

50/100
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.

Free · No obligation

Unlock Off-Market Palm Terrace

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

$1.20M

Median Price

0mo

Supply

n/a

Avg DOM

Soft

Seller Leverage

$278/sf

Median $/Sqft

n/a

1-Yr Price Change

0now

Distress

Jon's Current Read

"Palm Terrace is an established neighborhood of mostly smaller bungalow-style homes in the University Park area of Gainesville, with properties reached from NW 7th Road and a set of cul-de-sacs, some arranged around a sinkhole ringed by oaks (Gainesville neighborhood profiles). Elizabeth Creek flows north into Hogtown Creek, and the Hogtown Creek floodplain runs along the neighborhood's northern edge, giving it a naturalized, isolated feel close to the University of Florida. The read is character, location, and the lot: read the home's age and condition on an older bungalow, the lot's position relative to the creek floodplain, and confirm the flood zone. The slug reflects a recorded replat (Shannon and Howard); confirm the exact plat and parcel with the listing."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Palm Terrace market snapshot (as of June 18, 2026): the median sale price is about $1.2M ($278 per sq ft), a buyer-leaning market (limited data). Based on 1 recent closings in live Stellar MLS data.

Palm Terrace is an established neighborhood in the University Park area of Gainesville, Alachua County (ZIP reported around 32607), with properties reached from NW 7th Road, NW 23rd Drive, and adjacent cul-de-sacs (Gainesville neighborhood profiles). Confirm the exact ZIP and parcel with the listing.

Homes are reported as mostly smaller bungalows, some arranged around a sinkhole surrounded by majestic oaks. The neighborhood includes Elizabeth Creek, which flows north into Hogtown Creek, and the Hogtown Creek floodplain runs along its northern edge, giving a naturalized, isolated setting in the heart of the city.

This is a character-and-location buy. Read the home's age and condition on an older bungalow, the roof, HVAC and systems, and read the lot carefully relative to the creek floodplain; confirm the FEMA flood zone per parcel.

Confirm whether there is any mandatory HOA or only a voluntary neighborhood association, and comp within the immediate University Park area by condition and lot rather than the broader Gainesville average. The slug name reflects a recorded replat; confirm the exact plat with the listing.

Quick Match

Who Palm Terrace is best for.

Best for

Buyers who want an established, tree-shaded bungalow neighborhood near Hogtown Creek and the University of Florida
Buyers who value character and a naturalized setting over new construction
Buyers who will read condition and confirm the flood zone before they offer
Buyers who want a central, isolated-feeling pocket in the University Park area

Probably not for

Buyers who want a new-construction home with a builder warranty
Buyers who want gated, amenity-dense master-plan living
Buyers who want a large, uniform modern floor plan
Buyers unwilling to read creek-floodplain exposure on lower lots

Market Pulse

How Palm Terrace is performing right now

50/100
momentum

Buyer-Leaning Market (limited data)

Seller's marketBalancedBuyer's market

0Months of supplytight

72Median days on marketdays

0 : 0Under contract vs for salestrong demand

1Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

+0%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 Palm Terrace listings and the trailing twelve months of closed sales.

Where prices are going$850K2026 YTD

Median sale price by year. Tap a label to compare Florida Park or Gainesville. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$3072026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now0 : 0active : pending

For sale0

Pending0

Sold 12mo1

Active and pending listings now vs homes sold in the last 12 months.

8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Palm Terrace buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Palm Terrace

Live MLS inventory for Palm Terrace. 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.

Sold

$1,200,000

7 bd · 6 ba · 4,321 sqft · built 1934

429 Nw 24Th Street, GAINESVILLE, 32607

Listed by CAMPUS TO COAST REALTY, INC

No homes are actively for sale in Palm Terrace right now, so its recent closed sales are shown, 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.

Interactive Map

Palm Terrace on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

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.

Nearby & Commute

How far is everything?

The takeaway

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

Drive times from Palm Terrace. They are approximate and vary with traffic and your exact start point.

University of Florida~5 to 10 min · south, approximate

Hogtown Creek Greenway~1 to 5 min · adjacent, approximate

Downtown Gainesville~8 to 12 min · east, approximate

UF Health / Shands area~8 to 12 min · south, approximate

The Oaks Mall~10 to 15 min · west, approximate

Interstate 75~12 to 18 min · west, 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 Palm Terrace with Momentum Realty’s local guides.

OAOakviewGainesville, FL · 0.1 mi OHOsceola HeightsGainesville, FL · 0.2 mi MHMurrey Hill CourtGainesville, FL · 0.3 mi WPWestside PlaceGainesville, FL · 0.3 mi FPForest ParkGainesville, FL · 0.4 mi FPFlorida ParkGainesville, FL · 0.4 mi INInglesideGainesville, FL · 0.5 mi SHShenandoahGainesville, FL · 0.6 mi BABlack AcresGainesville, 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

Palm Terrace (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

Palm Terrace 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 Palm Terrace address.

The takeaway

What actually shapes value in Palm Terrace, sourced and dated. We do not publish rumor.

Recent Developments in Palm Terrace

Development Intelligence

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

Net OutlookBullishThe structural story is an established bungalow neighborhood with a naturalized, creek-adjacent setting near the University of Florida. The watch items are home age and condition, the lot's position relative to the Hogtown Creek floodplain, and the flood zone.

Established, naturalized setting near UF and Hogtown Creek

BullishA central, tree-shaded pocket with an isolated feel close to campus supports steady demand from buyers who want character and location; confirm the parcel and any association. impact

SignificanceRadius: Neighborhood

Established, naturalized setting near UF and Hogtown Creek

Creek floodplain along the northern edge

NeutralThe Hogtown Creek floodplain runs along the neighborhood's northern edge and some lots sit lower, so read the lot and confirm the flood zone per parcel. impact

SignificanceRadius: On-site

Creek floodplain along the northern edge

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 Palm Terrace, 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 ↓

Reported
Neighborhood
Established bungalow neighborhood near Hogtown Creek
Palm Terrace is reported as an established neighborhood of mostly smaller bungalows in the University Park area of Gainesville, with some homes arranged around a sinkhole ringed by oaks, Elizabeth Creek flowing north into Hogtown Creek, and the Hogtown Creek floodplain along its northern edge (Gainesville neighborhood profiles). Treat figures as reported and confirm. Why it matters: The character, the naturalized setting, and the central location are the story; value turns on the specific home, condition, and the lot. Source

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 Strategy

The Palm Terrace buying strategy.

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

Read the lot relative to the creek floodplain first, since the Hogtown Creek floodplain runs along the northern edge; confirm the FEMA flood zone per parcel.

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

Confirm whether there is any mandatory HOA or only a voluntary neighborhood association for the parcel.

Read the floor plan and updates, since older bungalows vary widely in layout and finish.

Comp within the immediate University Park area by condition and lot, not the broader Gainesville average.

The Quick Decision

Best Buy

An updated bungalow on a higher, well-drained lot with the flood zone confirmed and any association clear.

Biggest Risk

Missing creek-floodplain exposure on a lower lot, or underbudgeting renovation on an older bungalow.

Best Lot

Higher lots away from the Hogtown Creek floodplain reduce flood and drainage risk; confirm per parcel.

Smart Timing

Confirm the flood zone, condition, and any association before you write.

Deep-Dive Intelligence

The full read, only if you want it.

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

Palm Terrace is an established neighborhood of mostly smaller bungalows in the University Park area of Gainesville, Alachua County (ZIP reported around 32607), reached from NW 7th Road and adjacent cul-de-sacs, with some homes arranged around a sinkhole ringed by oaks. Elizabeth Creek flows north into Hogtown Creek, and the Hogtown Creek floodplain runs along the neighborhood's northern edge, giving a naturalized, isolated setting close to the University of Florida and the Hogtown Creek Greenway. The broader area is associated with a voluntary neighborhood association rather than a mandatory HOA; confirm per parcel. The slug name reflects a recorded replat; confirm the exact plat and the zoned schools with the district by home address.

Palm Terrace Homes For Sale

What your money buys in Palm Terrace.

The takeaway

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

Here are the broad resale bands in Palm Terrace today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

Entry: original-condition bungalow

$1.20M to $1.20M

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

Lowest entry

Mid: updated bungalow

$1.20M to $1.20M

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

Most inventory

High: renovated home on a prime oak-shaded lot

$1.20M to $1.20M

The top end is renovated homes on the best higher, oak-shaded lots away from the floodplain. These trade on character, condition, and the lot.

Strongest resale

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

See Off-Market & Private Listings

What Your Money Buys

What ~$1.20M buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

$1.20M to $1.20M

Entry: original-condition bungalow

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

$1.20M to $1.20M

Mid: updated bungalow

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

$1.20M to $1.20M

High: renovated home on a prime oak-shaded lot

The top end is renovated homes on the best higher, oak-shaded lots away from the floodplain. These trade on character, condition, and the lot.

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

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Palm Terrace, condition, lot, and the renovation math, read from current listings and recent sales.

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

Proprietary Data

The renovation premium.

Renovated-listing inventory in Palm Terrace is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On a preferred homesite (water, preserve, corner, or a larger lot), the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

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.

Resale Strength Scorecard

How well Palm Terrace holds value.

Our read on the factors that protect resale here, and the one to manage.

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.

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 Palm Terrace

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.

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Overpaying for an interior lot

A premium homesite (water, preserve, or a preferred position) carries a real, durable premium. Pay a top price for an interior lot and you are buying the weakest version of the value.

Underbudgeting the carrying costs

Two similar homes can cost very differently to own once the HOA, any CDD, insurance, and upkeep are priced in. Buyers who do not run the full monthly carrying cost misread the real number.

Skipping the systems check

An older home means older systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

The character, the canopy, and the central location are priced into every Palm Terrace listing. The deal is won on the home's condition, the lot, and the flood read, not the sticker.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

7.7B · Buy Score

Resale Strength7.8/10

Renovation Risk5.6/10

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.

Momentum Housing Intelligence

Why our read on Palm Terrace 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.

About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

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 lots away from the Hogtown Creek floodplain reduce flood and drainage risk.
The oak canopy and naturalized setting are part of the value; confirm any tree considerations.
Confirm the flood zone per parcel before the finishes.

In a creek-adjacent bungalow neighborhood like Palm Terrace, the lot and the home's condition set value together. The Hogtown Creek floodplain runs along the northern edge, so higher, well-drained lots carry less flood and drainage risk, and the oak canopy is part of the appeal. Compare a home against the closest sale within the University Park area by condition and lot, confirm the FEMA flood zone, and price the renovation on an older bungalow honestly before the finishes.

The 15-Second Verdict

Palm Terrace in 15 seconds.

Best forBuyers who want an established, tree-shaded bungalow neighborhood near Hogtown Creek and the University of Florida.

Strong onCharacter, a naturalized creek-adjacent setting, and a central, isolated-feeling location near campus and downtown.

WatchHome age and condition on older bungalows, and the lot's position relative to the Hogtown Creek floodplain.

Not forBuyers who want new construction, gated amenities, or a large, uniform modern floor plan.

The edgeReading the lot and the flood zone correctly is where the value is found in a creek-adjacent neighborhood.

HOA, CDD & Fees

15-Second Take

A voluntary neighborhood association is reported rather than a mandatory HOA; confirm per parcel.
Older bungalow housing stock means a renovation read matters.
The Hogtown Creek floodplain runs along the northern edge; confirm the flood zone.
A central, naturalized setting near campus and the Greenway.
Comp within the University Park area by condition and lot, not the city average.

Palm Terrace is an older, established neighborhood and the broader area is associated with a voluntary neighborhood association rather than a mandatory HOA in published sources. Confirm whether there is any mandatory homeowners association, special district, or only a voluntary association for the specific parcel before you offer. Confirm the CDD/HOA with the listing.

With a voluntary association and no mandatory HOA reported, there are typically no required community dues or shared amenities; the appeal is the character, the tree canopy, and the naturalized creek setting. Confirm any overlay or voluntary dues for the specific parcel.

No club or gated amenities. The setting is an established residential neighborhood near the Hogtown Creek Greenway and the University of Florida. Confirm what is nearby with the listing.

Run Your Numbers

Tools for a Palm Terrace buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxAlachua County millage and the homestead picture.Rent vs buyThe breakeven on owning in Palm Terrace.Save Our HomesProject your homestead tax cap over time.

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.

Selling in Palm Terrace

Thinking of selling in Palm Terrace?

Your buyer is shopping established character and a naturalized setting, so sell the specifics: the home's updates and condition, the oak-shaded lot, the floor plan, and a clear read on the flood zone and any association.

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 Palm Terrace, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Florida Park, 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 Palm Terrace home worth?

Get a no-obligation home value based on real comparable sales in Palm Terrace 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 Palm Terrace on the map →
Or get your Palm Terrace home value & selling guide →

Real comps, not a Zestimate.

Palm Terrace Market Scorecard

Strong seller's market

Palm Terrace 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

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 Palm Terrace?

Palm Terrace is an established neighborhood in the University Park area of Gainesville, Alachua County, reached from NW 7th Road and adjacent cul-de-sacs near the University of Florida. Confirm the exact ZIP and parcel with the listing.

What kinds of homes are in Palm Terrace?

Mostly smaller bungalow-style homes, some arranged around a sinkhole ringed by oaks. Confirm sizes and dates per home.

Does Palm Terrace have an HOA?

The broader area is associated with a voluntary neighborhood association rather than a mandatory HOA in published sources. Confirm whether any mandatory HOA, special district, or only a voluntary association applies to the specific parcel before you offer.

Is Palm Terrace in a flood zone?

The Hogtown Creek floodplain runs along the neighborhood's northern edge and Elizabeth Creek flows through the area, so some lots carry flood or drainage considerations. Confirm the FEMA flood zone and any drainage history for the specific parcel.

What is the sinkhole in Palm Terrace?

Some homes are reported to be arranged around a sinkhole surrounded by majestic oaks, part of the neighborhood's naturalized character. Confirm any geologic or drainage considerations for the specific parcel.

How far is Palm Terrace from the University of Florida?

The UF campus is reported within roughly 5 to 10 minutes, with the Hogtown Creek Greenway adjacent and downtown close by. Drive times are approximate and vary with traffic.

What schools serve Palm Terrace?

Assignments change, so verify the exact zoned schools with the district by home address.

Is Palm Terrace a good investment?

An established, naturalized neighborhood near campus and the Greenway supports steady demand from buyers who want character, but value is home specific. Confirm condition, the lot, the flood zone, and the renovation math before deciding.

What should I budget for renovation in Palm Terrace?

Because the housing stock is older bungalows, budget for the roof, HVAC, electrical, plumbing, and finishes on an older home. Price the work honestly before you judge any list price; the figure is home specific.

Is Palm Terrace walkable?

It is a low-density, naturalized neighborhood near the Hogtown Creek Greenway and campus. Walkability varies by location; confirm what is within reach for the specific home.

What does the replat name in the listing mean?

The subdivision name reflects a recorded replat in the area. It does not change the neighborhood; confirm the exact plat and parcel with the listing.

Should I use the listing agent to buy in Palm Terrace?

No. The listing agent works for the seller. In a creek-adjacent neighborhood where condition, the lot, and the flood zone drive value, having your own representation to read the home and the comps is the highest-leverage decision you make.

The Verdict

Should you buy in Palm Terrace?

An honest fit check. We will tell you when it is not your community.

You want an established, tree-shaded bungalow neighborhood near Hogtown Creek and the University of FloridaExcellent fit

You value character and a naturalized setting over new constructionExcellent fit

You will read condition and confirm the flood zone before you offerExcellent fit

You want new construction or gated, amenity-dense master-plan livingProbably not

You want a large, uniform modern floor planProbably not

You are unwilling to read creek-floodplain exposure on lower lotsProbably not

Get the inside read on Palm Terrace

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Palm Terrace 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.

You are all set.

A Momentum Realty Palm Terrace specialist will reach out personally, usually the same day.

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.

Palm Terrace

The 60-Second Overview

Who Palm Terrace is best for.

Best for

Probably not for

How Palm Terrace is performing right now

Homes For Sale Right Now in Palm Terrace

Palm Terrace on the map.

How far is everything?

Nearby Communities

Schools

Recent Developments in Palm Terrace

Established, naturalized setting near UF and Hogtown Creek

Creek floodplain along the northern edge

Established bungalow neighborhood near Hogtown Creek

The Palm Terrace buying strategy.

The full read, only if you want it.

What your money buys in Palm Terrace.

What ~$1.20M buys here.

Renovation & Resale Intelligence

The renovation premium.

The lot premium.

How well Palm Terrace holds value.

5 Mistakes Buyers Make in Palm Terrace

Calling the listing agent

Misjudging the renovation math

Overpaying for an interior lot

Underbudgeting the carrying costs

Skipping the systems check

Momentum Buy Score.

Why our read on Palm Terrace is different.

Which Lots & Views Hold Value Best

Palm Terrace in 15 seconds.

HOA, CDD & Fees

Tools for a Palm Terrace buy.

Thinking of selling in Palm Terrace?

In Palm Terrace, condition and view decide your number

What is your Palm Terrace home worth?

Price History: What Homes Here Have Actually Sold For

Palm Terrace Market Scorecard

Frequently Asked Questions

Should you buy in Palm Terrace?

Get the inside read on Palm Terrace

You are all set.

Need to sell fast in Alachua County?

You just read the data. Now see what your home is worth.