More than just a gorgeous, upgraded home, this exquisite 1929 residence from a bygone era presents unmatched opportunities in the heart of Alachua with its commercial zoning and separate upstairs apartment. Imagine the possibilities: a thriving business venture, a seamless live-work setup, or simply a spacious and elegant home with significant rental income potential. Beyond its generous 3-bedroom, 2-bath layout, a private 1-bed, 1-bath upstairs apartment with its own entrance provides an ideal in-law suite, secluded personal space, or a consistent stream of rental income. Combining period artistry with convenient modern upgrades, this home invites you to experience a seamless blend of the old and new. Step into the covered, screened front porch and instantly envision tranquil afternoons sipping sweet tea, enveloped in timeless serenity. Inside, the 2,477 sq ft main floor welcomes you with an immediate sense of refinement and grandeur. High ceilings, original hardwood floors, and classic French-style doors provide graceful transitions between the formal rooms. An ornate fireplace enhances the distinctive architectural design of the living/music room with resonant acoustics, while a charming brick fireplace creates a cozy ambiance in the family room. You'll love hosting large gatherings in the formal dining room, perfectly designed for entertaining. The generously proportioned eat-in kitchen isn’t just beautiful, it’s a dream for any aspiring chef with its abundance of counter space, stainless steel appliances, double oven, two double sinks, newer light fixtures, and plantation shutters. The bedrooms also have their own individual character. One has a Murphy bed, and another has a separate wing with mini-split that can be used as a nursery, gym or office. The expansive primary suite has a walk-in closet, and ensuite bath with full-size shower/tub combo with grab bars and double sinks. Upstairs is the 1,079 sq ft self-contained apartment. Outside, the enchanting 0.31-acre fenced lot is an entertainer's paradise, complete with a welcoming porch, a huge brick patio, cozy fire pit, grilling area with large outdoor oven, mature landscaping, and private parking. Nestled in Alachua's historic downtown, the home offers an easy stroll to unique shops and restaurants along quaint, lamplit streets. High Springs, known for its stunning natural springs and parks, is only 7 miles away. Gainesville is a quick 25-minute drive. Call today and seize this rare chance to own a piece of Alachua's history with endless possibilities for living, working, and investing!