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$1,439,000

Beds
5
Baths
4.5
sq ft
4,466

114 NW 116th Way, Gainesville, FL 32607

114 NW 116th Way

GAINESVILLE, FL 32607

  • <1 day on market
If you’re waiting for perfection in a close-in gated community, this executive brick pool home in Sawbuck fits the bill. This stunning home has been re-modeled from top to bottom, no expense has been sparred to create an amazing residence. The moment you step into the foyer you will think you are in a brand-new home. 12 foot soaring ceilings, gleaming walnut wood floors, and one of the most popular open floor plans set the stage for this 5 bedroom, 4.5 bath home. Planned with flexibility in mind, an addition to the home has created the perfect in-law area encompassing 954 sq. ft. with a separate entrance and parking. The in-law area pulls together the Game Room with an adjacent 4th Guest Room and bath to create a private space for visitors or relatives. The formal Living Room features a gas fireplace with stacked marble surround to the ceiling, custom lighted shelving, new contemporary chandelier, and amazing pool views thru 3 large picture windows. To the right of the Foyer is the formal Dining Room with expansive floor to ceiling windows for maximum natural light. To the left of the Foyer is a large Study with custom built-ins which features display areas and desk option. Across the hall is a convenient half bath that doubles as the pool bath. Bridging the Formal Living and Kitchen/Family area is a bank of cabinets with glass display uppers and serving area. Prepared to be wowed with the new custom gourmet Kitchen featuring an abundance of designer painted wood stacked cabinets, huge island, exotic marble counters, black stainless Kitchen Aide appliances including gas cooktop with custom “Copper Smith” chimney style hood in soft golden hue, double ovens, refrigerator, and dishwasher. The adjacent Breakfast area is surrounded by a seamless glass window for optimum pool views. The Kitchen opening to the Family Room will be the heart of the home. The soaring vaulted ceiling in the Family Room showcases the magnificent gas fireplace mantel with ceiling high palladian windows above and on each side, and a full bank of windows on the lanai side revels full pool views. From the Family Room enter a glass enclosed walkway with fabulous hand-crafted barn door which opens to the large vaulted ceiling Media, or second Family Room that features 3 built-in TV’s for exciting game day entertainment, a wet bar with built-in under counter frig and ice maker, and a private entrance. This secondary area doubles as an in-law area and opens to a 4th guest room and a full bath. French doors to the back of the room accesses a private courtyard . The Owner’s Suite features a deep tray ceiling, wood floors, plantation shutters, a spacious sitting area, and access to the lanai. The new Owner’s Bath is magazine quality that will take your breath away and highlights two separate furniture base vanities with marble tops and designer fixtures, a slipper tub, and over-sized glass enclosed shower. Two large walk-in closets complete the bath. A hidden panel door in the Family Room opens to two Guest Bedrooms with updated hall bath. A third Guest Room with en-suite bath is off the hallway behind the kitchen. Entertaining outside is a dream in the huge lanai area with travertine pavers, complete summer kitchen with granite top, and sparkling pool and spa, heated both by gas and newer solar panels. Completing the offering is a large laundry room, 3 car garage, extensive audio visual tower with equipment, irrigation well, and security system.

Details

Property type

Single Family Residence

Est. home value

$1,102,893

Lot size

2.0 acres

Price per sq ft

$323

Year built

1998

Annual property taxes

$16,240

Monthly HOA fee

$108.33

Price History

03/12/2025
StellarMLS

StellarMLS #GC528652

Listed
$1,439,000
+79.88%
01/21/2021
StellarMLS

StellarMLS #GC439554

Sold
$800,000
+65.01%
08/21/1998
StellarMLS

StellarMLS #GC32024

Sold
$484,830

Schools & Community

Elementary school: 

Hidden Oak Elementary School-AL

Middle school: 

Kanapaha Middle School-AL

High school: 

F. W. Buchholz High School-AL

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$743,595
Asking price
$1,439,000
Closing costs (~8% of asking)
-$115,120
Est. remaining loan balance
-$580,285
Cash to seller
$743,595

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fbc Mortgage Llc

Loan start date

January 2021

Original loan amount

$640,000

Est. remaining balance

$580,285

Interest rate

2.71%

Loan type

VA, 30 year

Seller

Frank Eugene Raines and Darla S Raines

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/12/2025 at 10:30 PM

Listing updated: 03/12/2025 at 4:42 PM

Listed by: Lauretta Fogg, COLDWELL BANKER M.M. PARRISH REALTORS Phone #: (352) 335-4999

MLS: StellarMLS #GC528652

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