Welcome to 501 NW 37th Ave., a truly one of a kind, income producing property tucked beside the serene Springstead Creek. Nestled in a nearly fairytale like setting, this wooded sanctuary offers unmatched peace and privacy just minutes from the University of Florida, downtown Gainesville, and Stephen Foster Elementary. The main residence is a charming 2 bedroom, 2 bath home featuring all tile flooring, an expansive open concept living and dining space, and a stunning wood burning brick fireplace as the centerpiece. Sunlight pours in through French doors that open out to a private back deck with creek views. The primary bedroom is generously oversizednearly the size of two roomsoffering space for a sitting area, home office, or nursery. The home features washer/dryer hookups, a new dishwasher (2024), and a new hot water heater (2024) for modern comfort and efficiency. The fully fenced yard offers privacy and security, with lush greenery and mature plantings that feel like your own private botanical garden. Connected yet private, the 1 bedroom, 1 bath Additional Dwelling Unit (ADU) has a separate entrance and offers excellent flexibility for income potential or multigenerational living. The unit includes a small kitchen, full bath, and sliding glass doors that open onto a spacious 16 x 20 screened in porch, perfect for relaxing in the Florida breeze. It also features its own independent mini split heating and air conditioning system, completely separate from the central HVAC in the main house. The property is a botanical haven, beautifully landscaped with ornamental shrubs, gardenias, bleeding heart vine, tea tree, Confederate jasmine, Loropetalum, pinecone ginger, and irises. Enjoy the bounty of orange, grapefruit, lemon, and fig treesa dream for gardeners and nature lovers alike. Major upgrades completed in 2025 include a brand new TPU membrane roof, complete electrical system update with two separate utility boxes, and total plumbing upgrade all the way to the road. Total investment in updates exceeds $80,000! With a documented history of rental income, this unique property offers a rare combination of peaceful natural beauty, modern upgrades, and income generating potential in a fantastic central Gainesville location. Dont miss the opportunity to own this magical creekside retreatwhere tranquility, charm, and smart investment all meet.