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About this home
7359 Midway Ter is a home in Silver Spgs Shores 07, Ocala. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
READY TO START CONSTRUCTION: Fully approved 12-unit multifamily development in Ocala. This construction-ready opportunity gives a builder or investor a valuable head start by eliminating the lengthy entitlement, site-planning and architectural design process. The approved project package is already in place, allowing the buyer to move forward with construction coordination and mobilization instead of spending months taking a project through approvals. Located at 7359 Midway Terrace, parcel 9007-0101-18 includes architectural plans, site-development documents and conceptual renderings. Marion County records identify the project as Midway Terrace Apartments under Major Site Plan 2023050074 / 30183. The approximately 0.85-acre, R-3-zoned site offers convenient access to SE Maricamp Road, shopping, services and major area routes. Offered at $340,000. An exceptional opportunity to secure an approved multifamily project and accelerate the path from acquisition to construction in Central Florida. Renderings are conceptual and do not depict completed construction. Seller will provide the available approval and project-document package for review. Buyer to independently verify approval transferability, utilities, impact fees, dimensions, zoning, density and development requirements.
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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.
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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
$340,000
Time on market
15 days
Monthly payment
About $2,050/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,280 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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