Affordable Opportunity in High Springs: A Project with Potential!
Asking Price: $109,900
Here’s an incredible chance to acquire an affordable 3-bedroom, 1-bathroom single-family home at 23264 NW 178th Pl, High Springs, FL 32643. Built in 1970, this 1,012 sqft residence offers a manageable footprint and a compelling entry point into the desirable High Springs market, with an estimated refinance payment of $1,097/mo. This property, situated on a 10,004 sqft lot, is ideal for a buyer looking to invest in a renovation project or seeking deeply affordable homeownership.
Key Features & Market Insights:
- Exceptional Affordability: At $109,900, this home is significantly below the median sold price for 3-bedroom homes in High Springs, which was $319,500 in May 2025. This makes it one of the most budget-friendly detached homes available in the area.
- Good Lot Size: The 10,004 sqft lot provides ample outdoor space, a positive feature for a home at this price point.
- Seller’s Market (with Negotiation Potential): High Springs is currently a Seller’s Market, meaning homes tend to sell faster and prices are generally higher. The median sold price in High Springs was $334,900 in May 2025, up 8.4% year-over-year.
- However, despite being a seller’s market, 60% of homes in High Springs sold below asking price last month, indicating that buyers may still have room for negotiation, especially for properties needing work.
- Homes typically sell after 57 days on the market, offering a reasonable timeframe for buyers.
- No HOA Fees: Public records indicate no HOA fees, which is a significant financial advantage, contributing to lower monthly ownership costs.
- Property Tax History: The property taxes for 2024 were $559 on an assessed value of $113,417. In 2023, taxes were $506 on an assessed value of $103,106. Given the current asking price, taxes may not increase substantially upon purchase and reassessment, offering predictability.
High Springs Location & Lifestyle:
- Charming Small Town: High Springs is a quaint city in Alachua County, known for its natural springs, outdoor recreation, and a friendly, small-town atmosphere. It’s often associated with its beautiful springs, including Poe Springs, Blue Springs, and Ginnie Springs.
- Outdoor Recreation Hub: The area is a haven for outdoor enthusiasts, offering opportunities for swimming, tubing, kayaking, diving, and hiking in and around the numerous springs and rivers. The High Springs Historical Museum and various local events add to its appeal.
- Low Crime Rate: High Springs generally has a low crime rate. For 2018, the crime rate was 211.49 per 100,000 population, showing a decline from previous years. The property crime rate was 1333.98 per 100,000 population in 2018. While specific current stats aren’t detailed, the overall trend points to a safer community.
- Schools (Alachua County Public Schools): Assigned schools include:
- High Springs Community School (PK-8, 6/10 GreatSchools Rating, 1.1 mi away)
- Santa Fe High School (9-12, 4/10 GreatSchools Rating, 4.4 mi away)
- Note: There’s also First Christian Academy (PK-12, private, 1.5 mi away). The elementary/K-8 option is reasonably rated, but the high school rating is lower. Buyers should investigate further based on their specific educational needs.
- Convenient Access: High Springs is located off US-441, providing easy access to Gainesville (home of the University of Florida) and other nearby cities.
Important Considerations:
- Condition & Renovation Needs (“As Is”): Given its 1970 build date and highly affordable price, this property will undoubtedly require significant renovation and updates. A previous listing from 2023 mentioned “Property needs work and the condition of the roof is unknown. New A/C.” This indicates a substantial project beyond cosmetic changes, likely involving system upgrades (plumbing, electrical, possibly a new roof) to bring it to modern standards. This is an ideal candidate for an experienced investor or a homeowner with a substantial renovation budget and a willingness to manage a major project.
- Single Bathroom: With 3 bedrooms and only 1 bathroom, some buyers may find this limiting. Adding a second bathroom would be a high-priority renovation for functionality and market appeal.
- Flood Zone (Verify with FEMA): While specific flood zone data for this exact address was not directly found, it is critical for buyers to consult the official FEMA Flood Map Service Center (MSC) for 23264 NW 178th Pl, High Springs, FL 32643, to determine the exact flood zone designation. Proximity to springs and rivers in the High Springs area can mean varying flood risks. Understanding the flood zone will clarify any mandatory flood insurance requirements and associated costs.
- Climate Risks: High Springs faces an “Extreme” Heat Factor (historically 8 days above 104°F per year, projected to increase) and an “Extreme” Wind Factor (extreme risk of severe winds over the next 30 years due to hurricane activity). Buyers should ensure their homeowner’s insurance adequately covers potential wind and storm damage.
This home at 23264 NW 178th Pl offers a compelling blend of extreme affordability and potential in the charming community of High Springs. For the right buyer eager to undertake a renovation project, this property could be transformed into a comfortable and valuable asset in a desirable location.
Priced at $109,900 – seize this opportunity for affordable homeownership in High Springs! Schedule your private showing today.
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