$209,900
5062 44th Lane
Gainesville, FL 32606
Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
One or more photo(s) has been virtually staged. This townhome is already rented, making it an excellent turnkey investment opportunity in the highly desirable gated community of Magnolia Place. Located just minutes from top-rated schools, shopping, restaurants, and I-75, this 2-bedroom, 2.5-bath unit offers stable rental income in a prime Gainesville corridor. The main level features beautiful wood flooring, a guest half bath, and a fully equipped kitchen with all appliances, including an in-unit washer and dryer. A screened-in porch overlooks a peaceful green space, providing added privacy and an outdoor storage closet perfect for bikes or tools. Upstairs, you’ll find two primary suites, each with its own private bathroom. One suite includes a large walk-in closet, and the laundry closet is conveniently located between the bedrooms for easy access. Additional investor advantages include a brand new AC unit, reducing future maintenance concerns, and improving long-term operating costs. Magnolia Place offers a full suite of amenities covered by the HOA: exterior maintenance, pest control, community pool, fitness center, tennis court, clubhouse, and more. With assigned parking at the doorstep and a low-maintenance community structure, this property is an ideal hands-off investment for anyone seeking reliable returns in a growing Gainesville market.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history312 days on market
- Status: ActiveApr 22, 2026
- Listed$215,000May 6, 2025
- Price reduced$209,900
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 312
- Cumulative DOM
- 505
- Subdivision
- Magnolia Place Twnhms
- County
- Alachua
- Year built
- 2003
- Living area
- 1,275 sq ft
- Price/sq ft
- $165
- Lot size
- 0 sq ft
- Flood zone
- A
- Annual taxes
- $3,235 (2024)
- Parcel #
- 06061-080-802
- Zoning
- RESIDENTIA
- MLS #
- GC530660
Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Half bathrooms
- 1
- Flooring
- Carpet, Laminate
- Appliances
- Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Walk-In Closet(s)
- Laundry
- Laundry Closet
- Stories / Levels
- Two
- Direction faces
- South
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- HOA fee
- $236 / Monthly
- Monthly HOA
- $236/mo
- Total monthly fees
- $236/mo
- Total annual fees
- $2,832
- HOA name
- MAGNOLIA PLACE TOWNHOMES
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Contact HOA to verify.
Exterior & Construction
- Exterior features
- Sliding Doors, Storage
- Construction materials
- Brick, Vinyl Siding, Frame
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Available, Public, Sewer Connected, Underground Utilities, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second | 12x14 |
| Living Room | First | 14x22 |
| Kitchen | First | 6x12 |
Listing Details
- Listing date
- 2025-05-06
- On market date
- 2025-05-06
- Original list price
- $215,000
- Occupant type
- Tenant
- MLS area
- 32606 - Gainesville
- Listing AOR
- Gainesville-Alachua
- Status changed
- 2026-04-22
- Tax legal description
- MAGNOLIA PLACE TOWNHOMES CONDOMINIUM CONDO BK 5 PG 62 BLDG 8 UNIT 802 & AN UNDIVIDED INT IN COMMON ELEMENTS OR 3535/1247 & OR 4013/1144
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-75 and NW 39th Avenue (Exit 390), head east on NW 39th Avenue. Turn left onto NW 51st Street and continue to the gated entrance of Magnolia Place. Once inside the gate, make a left and follow the road to NW 44th Lane. The building will be on your left.
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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.
Based on information submitted to the MLS GRID as of April 22, 2026 at 12:21 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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