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$225,000
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Property Description
Welcome home to this charming 2-bedroom, 2-bathroom residence offering 1,524 square feet of living space in Silver Springs Shores! This well-maintained home features a NEW ROOF and NEW A/C, providing added peace of mind for its next owner. Step inside to discover a comfortable and inviting layout with beautiful flooring, a spacious living area and dining space perfect for everyday meals and entertaining. The kitchen offers convenient access to the dining area, creating a functional flow throughout the home. Outside, enjoy a spacious front yard, attractive landscaping, and an attached garage. Whether you're a first-time homebuyer, looking to downsize, or searching for your next investment opportunity, this home offers plenty of possibilities. Conveniently located near shopping, dining, schools, and everyday amenities. Schedule your private showing today!
Full Property Details
Full Property Details for 488 Water Way
General
- Price: $225,000
- Taxes: $3,126 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: OM734663
- Updated: 10/27/2026
- Added to Site: 16 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 5
- Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Walk-In Closet(s)
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
- Furnishings: Unfurnished
- Flooring: Luxury Vinyl, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Electric Dryer Hookup, In Garage, Sink, Washer Hookup
Exterior
- Exterior Features: Private Mailbox, Private Yard, Rain Gutters, Sliding Doors
Parking
- Garage: Yes
Location
- Area: 34472 - Ocala
- County: Marion
- Development Name: 34472 - Ocala
- Subdivision: MEADOWVIEW 03
- Driving Directions: From SE Maricamp Road (SR 464), turn right onto Water Run. Turn left onto Bahia Road, then turn right onto Water Way. Continue to 488 Water Way. Property will be on the right.
- Direction Faces: Northeast
School Information
- Elementary School: Emerald Shores Elem. School
- Middle School: Liberty Middle School
- High School: Lake Weir High School
Community
- Community Name: 34472 - Ocala
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Available
Structural Information
- Exterior Const.: Block, Concrete, Stucco
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,524
- Sq. Ft. Source: Appraiser
- Year Built: 1980
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,454
- Lot Size: 10454
- Lot Dimensions: 80 x 131
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $3,126.59
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SEC 16 TWP 16 RGE 23 PLAT BOOK J PAGE 339 SILVER SPRINGS SHORES UNIT 47 BLK 1529 LOT 12
- Flood Zone Info: X
- APN: 9047152912
- Property ID: 9047152912
- Block/Lot/Section: 1529
Listed by Keller Williams Cornerstone Re
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Schools
Schools serving 488 Water Way
School District:Marion County School District
| Name | Grades | Distance |
|---|---|---|
Emerald Shores Elementary School 404 Emerald Road, Ocala, FL 34472 | PK-5 | 1.7 mi |
Lake Weir Middle School 10220 Southeast Sunset Harbor Road, Summerfield, FL 34491 | 6-8 | 7.5 mi |
Lake Weir High School 10351 Southeast Maricamp Road, Ocala, FL 34472 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 488 Water Way
Date
Details
Price
Change
Source
10/26/2026
Listed
$225,000
164.71%
MLS
1/28/2005
Sold
$85,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 488 Water Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,127
—
$181,520
-5%
2024
$3,128
9%
$190,561
78%
2023
$2,876
14%
$107,023
-28%
2022
$2,521
10%
$149,296
23%
2021
$2,293
—
$121,409
29%
2021
$2,293
40%
$93,782
41%
2018
$1,642
5%
$66,453
10%
2017
$1,565
10%
$60,412
10%
2016
$1,423
10%
$54,920
10%
2015
$1,297
-28%
$49,927
-32%
2019
$1,795
41%
$73,098
48%
2014
$1,277
11%
$49,392
10%
2013
$1,151
—
$44,902
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 488 Water Way
488 Water Way, Ocala, FL 34472 (MLS# OM734663) is a Single Family property with 2 bedrooms and 2 full bathrooms. 488 Water Way is currently listed for $225,000 and was received on October 26, 2026. Want to learn more about 488 Water Way? Do you have questions about finding other Single Family real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.
