Ocala, FL 34472,818 Oak

$610,000

$200,000

205.0%
Est.Price: ?

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Est. payment /mo

17.4 Acres Lot


SOLD DATE : 05/20/2024

Key Details

Sold Price $610,000

Property Type Vacant Land

Sub Type Residential

Listing Status Sold

Purchase Type For Sale

MLS Listing ID A11554715

Sold Date 05/20/24

HOA Y/N No

Annual Tax Amount $6,200

Tax Year 2023

Contingent No Contingencies

Lot Size 17.400 Acres

Acres 17.4

Lot Dimensions 1180x200

Property Description

17.4 acres in the sought-after Silver Springs Shores area. $200k starting bid. The land currently boasts R3 zoning, allowing for varied residential uses. Situated on a lake with approval for 15 units per acre, the property offers the potential for high-density residential development. Desirable demographics include more than 172,500 residents with an average household income above $68,000 annually within 10 miles of the property. Only 19% of these residents rent as their primary form of housing, and there has been limited new inventory and an increasing renter demographic within the last few years, setting this asset up for success. Other points of interest nearby include the Baseline Golf Course, Lake Diamond Golf & Country Club, the Silver River Museum, and Silver Springs State Park.

Location

State FL

County Marion County

Area 5940 Florida Other

Direction Corner of Oak Rd and Hickory Lane

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Waterfront Yes

Waterfront Description Lake Front,Lake Privileges

View Lake

Present Use Other

Building

Sewer Public Sewer

Water Public

Others

Tax ID 2028

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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Listed by LPT Realty
Bought with LPT Realty
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