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$359,000 -$10,000 (-2.71%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,540 Sq. Ft.
  • Updated 2 days ago
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Welcome to this beautifully renovated home in desirable Southeast Ocala, where warmth, natural light, and modern updates come together in a peaceful setting. As you enter, the light-filled family room highlights the open-concept design, creating an inviting space for everyday living and entertaining. The fully renovated kitchen features soft-close cabinetry, granite countertops, a stylish tile backsplash, and stainless steel appliances. Just off the kitchen is a formal dining room and a spacious laundry room with custom cabinetry installed in the past year. The primary suite offers a relaxing retreat with a beautifully updated bathroom featuring granite countertops and a large walk-in shower. Two additional spacious bedrooms and a full hallway bath provide comfortable accommodations for family or guests. Sliding doors from the dining room lead to a back deck with new railings, perfect for morning coffee or evening dinners overlooking the large backyard. Major updates completed in 2023 include: "¢ New HVAC system with ductwork "¢ Updated electrical and plumbing "¢ New roof "¢ All new windows and interior/exterior doors (including garage door and opener) "¢ New water heater, toilets, sinks, lighting, trim, and flooring This home truly feels like new construction while being located in an established neighborhood near downtown Ocala, shopping, dining, parks, and schools - many within walking distance. A must-see move-in ready home!

Full Property Details for 723 SE 40th Terrace

General

  • Price: $359,000
  • Taxes: $3,826 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: OM720131
  • Updated: 4/18/2026
  • Added to Site: 47 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 5
  • Interior Features: Ceiling Fan(s), Window Treatments
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Other

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 34471 - Ocala
  • County: Marion
  • Development Name: 34471 - Ocala
  • Subdivision: EASTWOOD PARK UN 01
  • Driving Directions: From SE 17th St. Go for 0.8 mi. Continue on SE Maricamp Rd. Go for 0.7 mi. Turn left onto SE 24th St. Go for 0.5 mi. Turn left onto SE 36th Ave. Go for 1.0 mi. Turn right onto SE 8th St. Go for 0.4 mi. Turn left onto SE 40th Ter. Go for 295 ft. End at 723 SE 40th Ter Ocala, Florida 34471-3135
  • Direction Faces: West

School Information

  • Elementary School: Ward-Highlands Elem. School
  • Middle School: Fort King Middle School
  • High School: Forest High School

Community

  • Community Name: 34471 - Ocala

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: None
  • Utility Description: Cable TV Available, Electricity Available, Phone Available

Structural Information

  • Exterior Const.: Block, Brick
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,540
  • Sq. Ft. Source: Public Records
  • Year Built: 1972

Lot Features

  • Lot Size (Acres): 0.35
  • Lot Size (Sq. Ft.): 15,246
  • Lot Size: 15246
  • Lot Dimensions: 110 x 140
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $3,826.55
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: SEC 14 TWP 15 RGE 22 PLAT BOOK F PAGE 041 EASTWOOD PARK UNIT 1 BLK D LOT 5
  • Flood Zone Info: X
  • APN: 2774004005
  • Property ID: 2774004005
  • Block/Lot/Section: D

Listed by Next Generation Realty Of Marion County

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Listing agents

— 723 SE 40th Terrace —

  • Next Generation Realty Of Marion County

  • Next Generation Realty Of Marion County

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 723 SE 40th Terrace

School District:Marion County School District
NameGradesDistance
Ward-Highlands Elementary School
537 Southeast 36th Avenue, Ocala, FL 34471
PK-50.3 mi
Fort King Middle School
545 Northeast 17th Avenue, Ocala, FL 34470
6-82.3 mi
Forest High School
5000 Southeast Maricamp Road, Ocala, FL 34480
9-123 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 723 SE 40th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/18/2026
Price Reduced
$359,000
-2.71%
MLS
3/19/2026
Price Reduced
$369,000
-2.64%
MLS
3/05/2026
Listed
$379,000
18.44%
MLS
2/09/2024
Sold
$320,000
—
Public Record
Get Price Alerts and Save Property
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 for 723 SE 40th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,827
-1%
$205,015
1%
2024
$3,848
272%
$203,044
148%
2023
$1,034
21%
$81,932
3%
2022
$856
-17%
$79,546
3%
2021
$1,033
—
$77,229
1%
2021
$1,033
66%
$76,163
4%
2018
$623
—
$73,063
2%
2017
$625
—
$71,560
2%
2016
$626
-1%
$70,088
1%
2015
$635
—
$69,601
-7%
2019
$637
10%
$74,451
8%
2014
$581
1%
$69,049
1%
2013
$578
—
$68,029
—
View All
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 for 723 SE 40th Terrace

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Listed by Next Generation Realty Of Marion County

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723 SE 40th Terrace, Ocala, FL 34471 (MLS# OM720131) is a Single Family property with 3 bedrooms and 2 full bathrooms. 723 SE 40th Terrace is currently listed for $359,000 and was received on March 05, 2026. Want to learn more about 723 SE 40th Terrace? 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.

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