Wallace Groves in Melrose

Wallace Groves
Melrose

Rural residential pocket · Melrose · ZIP 32666

A rural, country-lot pocket of Melrose near Lake Santa Fe, on the Alachua County side.

Rural country lotsNear Lake Santa FeSR 26 to Gainesville
Live Market Pulse
50/100
Momentum
Buyer-Leaning Market (limited data)
Supply is thin and rural, so a single sale can swing the perceived average; the land, the systems, and the parcel decide where a home trades.
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Unlock Off-Market Wallace Groves

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
n/a
Median Price
0mo
Supply
348days
Avg DOM
Soft
Seller Leverage
n/a
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Wallace Groves is a small, rural pocket on the Alachua County side of Melrose, so the read is a country-lot read, not a master-plan read. Supply is thin and turnover is light, which means a single sale can move the perceived average and condition, acreage, and the well-and-septic picture matter far more than any headline number. The honest play is to verify the parcel, the county line, and the systems on a specific home, then price it against the handful of recent rural Melrose comps. Your leverage is patience and a clean read on the land."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Wallace Groves sits in the Alachua County portion of Melrose (ZIP 32666), the rural lake region on the State Road 26 corridor that connects Melrose west toward Gainesville and the University of Florida. Melrose itself straddles several counties; this guide covers the Alachua County side, so confirming which county a specific parcel falls in is the first step on any home here.

This is a country-lot area rather than a gated subdivision with amenities. Expect a small number of homes on larger, rural homesites with an acreage feel, the kind of setting that draws buyers who want space, quiet, and proximity to Lake Santa Fe rather than sidewalks and a clubhouse. Homes in rural Melrose span a wide range of vintages and conditions, so each one is its own read.

Because the area is rural, most homes here are served by private well and septic rather than municipal utilities, and many parcels carry their own flood-zone and acreage considerations. There is no master HOA structure typical of a planned community, so carrying costs are driven by the land, the home's condition, and county taxes rather than dues. Confirm utilities, flood zone, and any recorded restrictions on the specific parcel.

The trade is space and setting for distance. You are roughly a half hour from Gainesville and the University of Florida along SR 26, with Melrose's small historic village core and Lake Santa Fe close by. For buyers who want a rural Alachua County address near the lakes, Wallace Groves is one of the small pockets to read carefully, parcel by parcel.

Best for

  • Buyers who want a rural, country-lot setting with an acreage feel near Melrose
  • Lake-region buyers who value proximity to Lake Santa Fe and the SR 26 corridor
  • Anyone comfortable with private well and septic in exchange for space and quiet
  • Commuters who accept a drive to Gainesville and the University of Florida

Probably not for

  • Buyers who want a gated, amenity-rich master plan with a clubhouse
  • Anyone who needs municipal water and sewer rather than well and septic
  • Buyers who want a short commute and a walkable, in-town location
  • Buyers who need a deep, active resale market with frequent comps

How Wallace Groves is performing right now

50/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
348Median days on marketdays
0 : 1Under contract vs for salestrong demand
0Sold in last 12 monthsliquidity
+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 20, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Wallace Groves 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 Wallace Groves buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Wallace Groves

Live MLS inventory for Wallace Groves. 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 Wallace Groves listings as of 2026-06-20, 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 trades distance for setting: Melrose's village core and Lake Santa Fe are minutes away, while Gainesville and the University of Florida are a half-hour drive west on SR 26.

Melrose village core (SR 26)~5-10 min · ~2-4 miles
Lake Santa Fe~5-10 min · nearby lake region
Gainesville~30 min · ~17-18 miles via SR 26
University of Florida~30-35 min · ~20 miles via SR 26
Hawthorne~20-25 min · eastern Alachua County
Keystone Heights~15-20 min · Clay County, to the east

Drive times are approximate and vary with traffic and your exact departure point. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Wallace GrovesMelrose with Momentum Realty’s local guides.

Canal ShoresCanal ShoresMelrose, FL · 1.6 miSRSeminole Ridge Homes for Sale in Melrose, FLMelrose, FL · 2.0 miLSLake Santa Fe Homes for Sale in Melrose, FLMelrose, FL · 2.0 miCSCove at Santa Fe Pass Homes for Sale in Earleton, FLEarleton, FL · 2.3 miMBMelrose Bay Homes for SaleMelrose, FL · 2.3 miSFSanta Fe Beach Homes for Sale in Earleton, FLEarleton, FL · 2.6 miOrange HeightsOrange HeightsHawthorne, FL · 2.8 miGSGeneva Springs Homes for Sale in Melrose, FLMelrose, FL · 2.9 miSanta Fe PassSanta Fe PassWaldo, FL · 3.0 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
Wallace Groves (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

Wallace Groves 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 Wallace Groves address.

The takeaway

What is actually shaping value around Wallace Groves: Alachua County's school boundary changes for 2026-27, the ongoing Santa Fe Basin restoration conversation, and the thin rural supply in this part of Melrose. Each item is sourced and linked.

Recent Developments in Wallace Groves

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

Net OutlookBullishThe pull of rural land near the lakes and within a half hour of Gainesville points steady. The near-term watch items are simply the Alachua County school boundary changes and the thin supply that keeps turnover light out here.

Alachua County school boundary changes for 2026-27

2026
NeutralNotable impact
SignificanceRadius: County

A district right-sizing plan is shifting some attendance boundaries, so confirm the zoned schools for a specific Alachua-side address rather than assuming.

Hawthorne-area schools kept open in draft scenarios

2026
BullishNotable impact
SignificanceRadius: County

Draft scenarios keep Hawthorne Middle/High and Chester Shell Elementary open, a steadying signal for eastern Alachua County households served by them.

Santa Fe Basin restoration remains an active local issue

2025
NeutralNotable impact
SignificanceRadius: Area

Ongoing attention to Santa Fe Basin water quality is a long-term watch item for the lake region this rural pocket sits near.

Thin rural supply keeps turnover light

Ongoing
NeutralNotable impact
SignificanceRadius: Community

A small, rural pocket means few sales, so a single transaction can move the perceived average; read comps with care.

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 Wallace Groves, 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. February 2026
    Schools

    Proposed ACPS zoning changes head toward 2026-27

    Reporting detailed proposed Alachua County Public Schools boundary changes and a right-sizing plan affecting roughly 3,200 students, with households directed to the district's address lookup for their zoned schools. Why it matters: Confirm the zoned schools for a specific Alachua-side Melrose address with the district, since boundaries are changing. Source

  2. August 2025
    Area

    Santa Fe lake group meets on basin recovery

    The Santa Fe Lake Dwellers Association held its annual meeting in Melrose, with the Florida Springs Council's director discussing the Santa Fe Basin's status and recovery strategy. Why it matters: Water-quality stewardship of Lake Santa Fe and its basin is an ongoing local theme worth tracking for lake-region buyers. Source

Development alerts for Wallace GrovesGet a short monthly email when something new is approved, funded, or opens near Wallace Groves.

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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 Wallace Groves, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the county and parcel first. Melrose spans several counties, so verify a specific home is on the Alachua County side and pull the parcel record.

2

Read the well and septic. In a rural area, the water source, septic age, and condition drive cost and insurability more than finishes.

3

Check the flood zone and acreage. Lake-region lots can carry flood considerations and varied acreage; confirm both before you offer.

4

Price against rural Melrose comps. Supply is thin here, so the honest read is the handful of recent country-lot sales, not a community average.

5

Compare nearby lake pockets. Cross-shop Lake Bonnet Estates and other small Alachua-side Melrose communities by land and condition.

Best Buy
A sound rural home on a clean parcel with verified well and septic
Biggest Risk
Underbudgeting septic, well, or flood considerations on a country lot
Best Lot
Larger, usable acreage with road access over awkward or constrained parcels
Smart Timing
Be patient; thin supply means the right home appears infrequently
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

Wallace Groves is a small, rural residential pocket in the Alachua County portion of Melrose, in the lake region on the State Road 26 corridor between Melrose's village core and Gainesville. It is a country-lot setting rather than a planned community with amenities, so there is no gate, clubhouse, or amenity package. Homes are commonly on private well and septic, parcels carry an acreage feel, and Lake Santa Fe is close by for fishing and water recreation. Because Melrose straddles several counties, confirming that a specific parcel sits on the Alachua County side is the first step on any home here.

The takeaway

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

The Country Cottage

Smaller or older rural homes on a country lot, the entry into the area for buyers who want space and will read the systems and condition closely.

Lowest entry
The Acreage Home

A sound rural home on a larger, usable parcel with good road access, the heart of what the area offers when one comes available.

Most inventory
The Lake-Area Standout

A well-kept home on a strong parcel close to Lake Santa Fe, the kind of rural property that holds appeal best in a thin market.

Strongest resale

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

The Country Cottage
Smaller or older rural homes on a country lot, the entry into the area for buyers who want space and will read the systems and condition closely.
The Acreage Home
A sound rural home on a larger, usable parcel with good road access, the heart of what the area offers when one comes available.
The Lake-Area Standout
A well-kept home on a strong parcel close to Lake Santa Fe, the kind of rural property that holds appeal best in a thin market.

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.

Rural setting with acreage feelStrong
Proximity to Lake Santa FeStrong
Low carrying costs, no master HOAPositive
Distance to Gainesville and the universityManage it
Thin rural resale marketManage 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 Wallace Groves

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.

There is no gate and no clubhouse to pay for here. The deal is won or lost on the land, the systems, and an honest read of the parcel.

Jon Brooks · Founder, Momentum Realty
7.2B- · Buy Score
Resale Strength6.6/10
Renovation Risk5.8/10
Location Efficiency7.0/10
Long-Term Defensibility7.4/10
Carrying Cost Advantage8.2/10

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 Wallace Groves 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
  • Usable acreage and road access drive value here
  • Verify the survey and the true usable land
  • Well and septic condition is part of the lot read
  • Flood-zone status varies in the lake region
  • Read the parcel before the house

In a rural area like this, the parcel is most of the story. Usable acreage, road access, the water source, and the septic picture set the floor on value far more than the finishes inside the home. Lake-region parcels can carry flood considerations that change the carrying cost. Read the survey and the systems first, then price the condition of the home against the land.

Wallace Groves in 15 seconds.

Best forBuyers who want a rural, country-lot setting near Melrose and Lake Santa Fe.
Biggest advantageSpace, quiet, and an acreage feel on the Alachua County side, within reach of Gainesville and the University of Florida.
Biggest riskWell, septic, and flood-zone surprises on a rural parcel that a casual read misses.
Sweet spotA sound rural home on a clean, usable parcel with verified systems.
Avoid ifYou want municipal utilities, a gated master plan, or a short in-town commute.

HOA, CDD & Fees

15-Second Take
  • No master HOA typical of a planned community
  • Costs driven by land, home, and county taxes
  • Verify any recorded restrictions per parcel
  • Budget well and septic upkeep on a rural home
  • Confirm private road or shared access if any

No master HOA structure is typical of a planned community here; carrying costs are driven by the land, the home, and county taxes rather than dues. Confirm whether any recorded association or restrictions apply to a specific parcel.

There is no clubhouse or shared amenity package to fund. Confirm any private road maintenance arrangement, recorded restrictions, or shared access on the specific parcel before you offer.

No on-site club or amenity center. The draw is the rural setting and proximity to Lake Santa Fe, not built amenities.

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 Wallace Groves, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Lake Bonnet, 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 Wallace Groves home worth?

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

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Wallace Groves year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

Wallace Groves Market Scorecard

Strong seller's market

Wallace Groves 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

Is Wallace Groves in Alachua County?
This guide covers the Alachua County portion of Melrose, where Wallace Groves sits. Melrose itself spans several counties, so confirm that a specific parcel is on the Alachua County side before you assume it.
What ZIP code is Wallace Groves in?
Wallace Groves uses the Melrose ZIP code, 32666. Confirm the exact mailing address and parcel details on any specific home.
Is Wallace Groves a gated community?
No. Wallace Groves is a small, rural residential pocket rather than a gated subdivision. There is no gate, clubhouse, or amenity center; the draw is the country setting near Lake Santa Fe.
Does Wallace Groves have an HOA?
There is no master HOA structure typical of a planned community here. Carrying costs are driven by the land, the home, and county taxes rather than dues. Confirm whether any recorded association or restrictions apply to a specific parcel.
Are homes on well and septic?
In this rural area, homes are commonly served by private well and septic rather than municipal water and sewer. Confirm the water source, septic age, and condition on any specific home, since they drive both cost and insurability.
How far is Wallace Groves from Gainesville?
Melrose lies on State Road 26 roughly 17 to 18 miles east of Gainesville, about a half-hour drive. Wallace Groves is in the Melrose area on the Alachua County side, so plan on a similar commute toward the city.
How far is it to the University of Florida?
The University of Florida is in Gainesville, reached west along the SR 26 corridor in roughly a half hour. Confirm your real commute at your real departure time, since traffic on SR 26 varies.
What is there to do nearby?
Lake Santa Fe, one of the region's larger recreational lakes known for fishing and water recreation, is close by, along with Melrose's small historic village core. Gainesville's shopping, dining, and the university are a short drive west.
What schools serve the area?
On the Alachua County side, the Melrose area is generally served by Alachua County Public Schools, with Hawthorne-area schools such as Chester Shell Elementary and Hawthorne Middle/High among those serving eastern Alachua County. School assignment is by address and is subject to district boundary changes, so confirm the exact zoning for a specific home with Alachua County Public Schools.
Is there a CDD fee?
A Community Development District bond is associated with planned master communities, which this rural pocket is not, so no CDD is expected here. Confirm per parcel as a matter of course.
What kind of lots are in Wallace Groves?
Expect rural, country-style homesites with an acreage feel rather than compact subdivision lots. Acreage and road access vary parcel to parcel, so verify the survey and the usable land on a specific home.
Should I worry about flood zones?
Lake-region parcels can carry flood-zone considerations. Pull the flood determination for the specific parcel and factor any insurance requirement into your budget before you offer.
Is Wallace Groves a good investment?
Rural land near the lakes and within reach of Gainesville has real appeal, but this is a thin market where condition, acreage, and systems drive the outcome. Read the parcel honestly; this is not a guarantee of future value.
What is the area around Wallace Groves like?
It is quiet, rural, and lake-oriented, the kind of country setting that trades sidewalks and amenities for space and proximity to Lake Santa Fe, with Gainesville and the university a drive west on SR 26.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. On a rural home where the well, septic, flood zone, and county line can swing value and cost, having your own representation to read the parcel is the highest-leverage decision you make.
Buyers who want a rural, country-lot setting with an acreage feel near MelroseExcellent fit
Lake-region buyers who value proximity to Lake Santa Fe and the SR 26 corridorExcellent fit
Anyone comfortable with private well and septic in exchange for space and quietExcellent fit
Commuters who accept a half-hour drive to Gainesville and the University of FloridaExcellent fit
Buyers willing to verify the parcel, the county line, and the systems before offeringExcellent fit
Buyers who want a gated, amenity-rich master plan with a clubhouseProbably not
Anyone who needs municipal water and sewer rather than well and septicProbably not
Buyers who want a short commute and a walkable, in-town locationProbably not
Buyers who need a deep, active resale market with frequent compsProbably not
Anyone unwilling to budget well, septic, and rural upkeep honestlyProbably not

Get the inside read on Wallace Groves

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Wallace Groves 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 Wallace Groves specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Wallace Groves — what to look for, questions to ask, and your local expert.
Wallace Groves median home price history from 2012 to 2026, chart by Momentum Realty
Median sale price in Wallace Groves, Florida by year (2012 to 2026). Source: Momentum Realty.
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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