Listing Details for MLS #GC522202
5311 Nw 98th Terrace, Gainesville, Fl

Residential Property - Single Family Residence in Gainesville

Listing Price: $1,080,000 (Mortgage Calculator →)Days on Market: 123

Description of Property

A once in a lifetime opportunity to acquire a captivating, private waterfront 4-story post-modern tree-house that sets this property apart as a truly unique gem. Designed by local architect Tom Tonnelier in 1991, emphasis was placed on maximizing the surrounding natural beauty with decks and balconies, large picture windows from every level, a lap pool housed in a multi-story screened-in area. Wake up daily to the immersive experience with the woodland setting and waterfront views on this 1.93 acre retreat. Attention to detail is evident throughout, remodeled in 2022/2023 with fully upgraded features and modern comforts integrated seamlessly into the design. This outstanding property presents a unique opportunity to live the lifestyle of luxury, privacy, and natural beauty in a meticulously designed and upgraded architectural 4 bedroom, 2.5 bathroom home. The first floor features a stunning flexible living area, currently utilized as a music room. The picture windows offer a seamless connection to the outdoors, allowing natural light to flood the room. A large adjacent deck provides access to the lake and the in-ground 40 foot lap pool. Two guest bedrooms, a double sink vanity bathroom with walk-in shower, a kitchenette/bar area with mini fridge, and a laundry closet complete this floor. The showcase spiral stairway, running the full height of the residence, provides access to all living areas via a custom built curved barn-door. From the exterior, a new elevator leads from the front deck to the main living deck. On the second floor, a spectacular, light-filled, open-concept layout joins the sunken great room, dining area, custom-built kitchen and guest bathroom. The southwest facing 20-foot wall showcases two-story floor to ceiling windows which bring the abundance of nature at this lakeside retreat into the indoors. The home was strategically positioned on the lot to accept the warmth of the sun in winter and avoid the direct heat of the sun in summer. French doors lead to the screened multi-story outdoor living and dining areas with staircase access to the pool. The owners’ suite encompasses the entirety of third floor. Enjoy the luxurious ensuite, complete with freestanding spa bath, double sink vanity, linen closet and a two-story, glass-ceiling, rain shower! The suite contains separate closets and French doors leading to a balcony overlooking the outdoor living/dining room and the pool. Finally, the fourth floor observatory affords 360-degree area viewing and a covered balcony nestled amongst 100 foot high magnolia trees and creeping jasmine. This amazing property is located in the serene and sought-after Hammock neighborhood, a short drive to the Hunters Crossing Publix Shopping Center, ensuring easy access to shopping, dining, and entertainment options. Zoned for Talbot Elementary, Fort Clark Middle and Gainesville High Schools. Close to San Felasco Hammock State Park, Devil's Millhopper Geological State Park, countless springs, UF Health/Shands, HCA North Florida Hospital, and more!The average asking price for a 4 bedroom/2 bath single family residence in this Zip code is $561,800. This single family residence is listed at about 192% of the average asking price. This is the only 4 bedroom/2 bath single family residence between $800,000 and $1,200,000 currently listed for sale in this Zip code.