@Mark J. I couldn't agree more on the charm the city has lost. When I moved here I counted that as a double bonus unknowingly of what the area really offered. I was coming off of years as a consultant and settling into a permanent job so I really didn't look to the investors market or too much of the standard of living - there were no plans of really staying - now 15 years later.....
I know someone who bought in Carol Estates back in March this year for $60k and has not sold it yet. The property was under contract three times and I am not sure what's going on but it's now Dec and that is along time for holding. Hopefully they will get resolved soon what issues there are and more on.
The campus area has that new "The Standard" that was built last/this year final. I guess they know students (parents paying for) want all those amenities and that's more important than just having a roof over their head with a warm place to stay. For the SFR, that has now come into play (I believe) more for choices and what they choose to live in.
Funny you mention the Duck Pond. I have an work-acquaintance (we both volunteer for Habitat) that just bought a house there. She recently moved back to Gainesville so she is very familiar with the area. I don't know what it looked like years ago and I only occasionally drive through.
Depot Park is definitely "the" place to be now. When I saw the surrounding and nearer by apartments and some SFR (clued in investors) building going on, I thought as much as the city doing some planning for revitalizing. I look through those planning reports that are published but honestly can't understand too much of it.