Listing Details for MLS # GC529168
5311 Nw 98th Terrace, Gainesville, Fl 32653

Residential Property - Single Family Residence in Gainesville

Listing Price: $850,000Days on Market: 35Cumulative Days on Market: 324

Description of Property

A rare opportunity to own an architectural masterpiece: Frank Lloyd Wright-inspired design with the sleek sophistication of Manhattan open concept loft living. Designed by architect Tom Tonnelier in 1991, this 4-story, waterfront residence is set on nearly two acres of serene, wooded privacy in Gainesville’s prestigious 'The Hammock' neighborhood. This stunning four-level home features multiple flex spaces—including the option to convert the 1st level into a self-contained in-law suite—a swimming pool, a 360 degree observatory, two-car garage, multiple decks and balconies, and floor-to-ceiling windows that fill the interior with natural light and showcase soaring 20-foot ceilings. A custom-built sculptural spiral staircase anchors all 4-story levels, while the outdoor elevator (installed in 2024) offers access between the 1st and 2nd floors. A multi-level screened deck overlooks the 40-foot heated lap pool, creating a seamless indoor-outdoor retreat perfect for both everyday living and effortless entertaining. Upgraded in 2021, every detail has been curated for comfort and style. Located in a FEMA-designated Flood Zone X, this unique, one-of-a-kind home offers both peace of mind and enduring design. Turnkey opportunity: offered furnished in harmony with the home's design. A once-in-a-lifetime opportunity for you, not to be missed.The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $401,748. This single family residence is listed at about 212% of the average asking price. This is the only 3 bedroom/2 bath single family residence between $600,000 and $1,000,000 currently listed for sale in this Zip code.