2529 SW 118TH TERRACE, Gainesville, FL, 32608
About This Home
Welcome to Oakmont, one of Gainesville's most sought-after communities, where resort-style living meets exceptional design. Built by ICI Homes in 2016, this beautifully maintained 4-bedroom, 3-bathroom home with a dedicated study offers a highly desirable three-way split floor plan, providing privacy and comfort for every member of the household. From the moment you arrive, you'll be captivated by the home's impressive curb appeal, highlighted by a spacious front patio, attractive architectural details, and lush landscaping. Step inside to an inviting foyer that opens to a formal dining room featuring an elegant tray ceiling, creating the perfect setting for entertaining and special occasions. The heart of the home is the expansive kitchen, thoughtfully designed with abundant workspace, ample cabinetry, and seamless views of the spacious great room. Filled with natural light, the great room offers an open and welcoming atmosphere, complete with large sliding glass doors that extend your living space outdoors. Retreat to the oversized screened lanai, where a stunning stone fireplace creates the perfect backdrop for year-round relaxation and entertaining. The private backyard is fully fenced and surrounded by mature hedges, offering a peaceful and secluded outdoor oasis. The owner's suite enjoys its own private wing of the home, while the additional bedrooms are thoughtfully positioned throughout the split floor plan for maximum privacy. A dedicated study provides the ideal space for working from home, a library, or a hobby room. Residents of Oakmont enjoy access to some of the finest amenities in Gainesville, including a grand clubhouse, heated resort-style pool with lap lanes and a children's fountain area, fitness center, pickleball courts, tennis courts, basketball courts, playgrounds, and beautifully maintained common areas. This exceptional home combines thoughtful design, quality construction, and an unbeatable community lifestyle—all in one remarkable package.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 2016
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Cement Siding,Concrete,Wood Frame
Other
- Builder model: Belaire Craftsman
- Builder name: ICI Homes
Type & Style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Tankless Water Heater,Washer
- Laundry features: Laundry Room,Other
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Ceiling Fan(s),Crown Molding,Other,Primary Bedroom Main Floor,Split Bedroom
- Flooring: Tile
- Fireplace features: Gas,Outside
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total structure area: 3,767
- Total interior livable area: 2,727 sqft
Kitchen
- Level: First
Living Room
- Level: First
Primary Bedroom
- Features: Walk-In Closet(s)
- Level: First
Property
Accessibility
- Accessibility features: Accessible Bedroom,Accessible Entrance,Accessible Full Bath
Details
- Parcel number: 04427111014
- Zoning: PD
- Special condition: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Screened
- Exterior features: Irrigation System
Lot
- Lot size: 8,276 sqft
- Features: Cleared
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Lightning
- Heat Wave
- Strong Wind
- Tornado
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Alachua County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $441 | $5,292 |
| Property Taxes | $536 | $6,432 |
| Electricity | $274 | $3,293 |
| Total | $4,537 | $54,444 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-25 | Listed for sale | $649,900 |
| 2016-09-30 | Sold | $408,900 |
View on Zillow