10487 SE Highway 42, photo 1
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Overview

0 baMixed Use
TypeMixed Use
HOANone listed
Built1925
Lot130,680 sqft

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About this home

10487 SE Highway 42 is a 1925-built home Summerfield. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

PREMIUM LOCATION LOCATION LOCATION - Rare Opportunity to own this High Traffic Commercial piece of property. 3 ACRES Zoned B2. Located just north of the world famous Villages and Minutes away to popular Lake Weir. Centrally located between Orlando and Ocala. Corner lot boast 4 structures on the property including a Historic 2 story home that can be used as an Office amongst other possibilities. Front of Property Faces Highway 42 with Traffic count over 15 thousand vehicles a day. House has AC and is Wired for surveillance. Includes 3 other structures a garage and 2 barns, perfect for a service business or storage. Property is Partially Fenced. This can be a blank canvas with Numerous applications for your business or to expand your existing company. Public utilities are right in front of property if Public utilities are desired, currently on well and septic. Large rolling gate for truck access. DON'T MISS OUT . Owner is MOTIVATED and Possible OWNER FINANCING . CALL TODAY.

The essentials

Built
1925
On market
273 days
Annual tax
$1,933
Flood zone
X · Low risk
Lot
130,680 sqft
Type
Mixed Use

At a glance

Payment

Est. monthly payment
$3,533/mo
Down payment (20%)
$117,998
Property taxes
$161/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Mixed Use
Year Built
1925
Lot
130,680 sqft
Cooling
Central Air
Heating
-
Parking
Parking Spaces - 1 to 5
Days on Market
273
Flood Zone x
Annual Tax (2025)
$1,933
Parcel #
48270-000-00

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Marion
MLS Area
34491 - Summerfield
Lot Size
130,680 sqft
Oversized LotStreet LightsPaved

Price history

Date
Event
Price
9/16/2026
Price change
Source: Stellar MLS #G5106449
$589,990-18.6%
1/10/2026
Listed for sale
Source: Stellar MLS #G5106449
$725,000

Neighborhood

10487 SE Highway 42
Summerfield, FL, 34491 · 34491 - Summerfield

Market insights

Offer Insights

Choose an offer strength

List price: $589,990
$580,000 – $589,990
98.1% – 100% of listTops out right at the list price
80% of listList price
173 of the last 344 home closings in 34491 landed at this number or higher (50%). The median one sat 56 days before it went under contract, and this one is on day 273 after a $135,010 cut.

Sample: 344 closed home sales in 34491 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,533/mo
Principal & interest$3,077
Property taxes$161
Insurance$295
Down payment20% · $117,998
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$589,990

Time on market

273 days

Year built

1925

Monthly payment

About $3,533/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,933 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byERA GRIZZARD REAL ESTATEListing agent: Toni ChapmanListing data from Stellar MLS, MLS# G5106449.

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