Overview
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About this home
7885 Midway Drive Ter #E101 is a 1987-built home in Derby Downs, Ocala. Inside you'll find 2 bedrooms, 2 bathrooms, and 840 square feet of living space. Listed at $123,000 (about $146/sqft), 237 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $337.94 monthly.
Bright and cheerful furnished 2 bedroom/2 bathroom first-floor condo in Derby Downs, a welcoming 55+ community! Move-in ready and turn-key, including linens, dishes, and more, with maintenance-free living. Enjoy new laminate flooring in the main living areas and a beautiful pond just steps away, perfect for relaxing or taking a stroll. The primary bedroom features an ensuite bathroom, and the indoor laundry includes a washer and dryer. A reserved parking spot is just steps from the front door, with additional guest parking nearby. Residents can enjoy the Silver Springs Shores Community Center just 1/2 mile away, with swimming pools, basketball, pickleball, and tennis courts for fun and socializing. HOA fees cover roof upkeep, exterior building repairs and painting, lawn maintenance and landscaping, irrigation, pest control, and trash service. This peaceful and friendly neighborhood is conveniently located near shopping, dining, parks, and just minutes from Lake Weir. Schedule your tour today!
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Sample: 19 closed condo sales in 34472 over the last 8 months, Stellar MLS. A small sample in a thin market. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. 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
$123,000
$146 per sq ft
Beds and baths
2 beds, 2 baths
Size
840 sq ft
Time on market
237 days
Year built
1987
Monthly payment
About $1,232/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,295 annual tax bill, insurance, and the $337.94/mo HOA fee.
HOA fee
$337.94/mo
Managed by Vine Management/ Laurie Gahr.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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