Overview
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About this home
118 Ter is a home in Ocala Estate, Ocala. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Exceptional opportunity for investors and builders alike! This 0.22 acre lot is located in the peaceful and fast-growing Ocala Estates community. One of two side by side parcels available, it offers the perfect setup for building multiple homes or holding as a long-term investment. With no HOA, no flood zone, and proximity to schools, shopping, major highways, and the World Equestrian Center, this location is ideal for rental income, resale, or personal use. A Florida gem, Rainbow River State Park is about 12 miles away. Adjacent lot also available contact for details.
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The essentials
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Details
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
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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
$25,000
Time on market
66 days
Monthly payment
About $163/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $244 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.
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