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$985,500
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Property Description
Tucked away along a quiet cul-de-sac in the equestrian-friendly McCully's Subdivision, this impeccably maintained 4.1-acre mini-farm offers a rare blend of modern upgrades, privacy, and purposeful design crafted with both two- and four-legged residents in mind. Fenced and gated, the property welcomes you with a tree-lined driveway that leads past paddocks with new wood fencing towards the oversized garage. The home itself is incredibly eye-catching, with ample curb appeal, freshly painted exteriors, a circular drive for easy navigation, and tasteful landscaping- all surrounded by open pasture and well-seeded lawns that have been lovingly restored over time. Offering a total of 3-bedrooms and 2-baths, the home features an open floor plan with sweeping vaulted ceilings, wood-beamed accents, fresh interior paint, and engineered hardwood flooring that runs throughout. The spacious foyer opens up to the expansive great room, which centers around a striking new gas fireplace with floor-to-ceiling brickwork-a warm focal point for gatherings. The living area is nice and welcoming, complete with a built in wet-bar with plenty of storage space, ideal for those who enjoy hosting Just beyond, the kitchen is designed for entertaining and ease of use with updated stainless steel appliances, ample cabinet and counter space, a large center island, large windows, and plenty of space for a dining set. Each bedroom is generously sized, and the primary suite includes a large walk-in closet, serene views, and a recently refreshed en-suite bath complete with new faucets and dual vanities. One of the bedrooms is currently used as a dedicated office space but features a newly added closet, offering the flexibility for use as a bedroom or a quiet workspace as desired. The lifestyle here expands well beyond the walls of the home. A sprawling screened lanai provides ample space to relax, host, or enjoy quiet mornings overlooking the land. Out back, equestrians will appreciate the attention given to the two barns on property, which provide a total of 6-stalls altogether. The barn to the right features 3-stalls which were recently dug out and reinstalled. There's also upgraded electrical service to both barns, an electric hot water system for the wash rack, new barn fans, exterior lighting, and regular maintenance like moss spraying to ensure the health of surrounding oaks. With no HOA and zoning that supports agricultural use, this property offers freedom, utility, and a peaceful rural setting- all just a short drive from WEC, HITS, and the amenities of NW Ocala. Whether you're seeking a working horse property or a private countryside retreat with modern comforts, this one delivers both with pride of ownership at every turn.
Full Property Details
Full Property Details for 8490 NW 118th Terrace
General
- Price: $985,500
- Taxes: $6,840 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: OM716120
- Updated: 1/8/2026
- Added to Site: 10 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 4
- Interior Features: Ceiling Fan(s), High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
- Fireplace: Yes
- Fireplace(s): Electric, Family Room
- Appliances: Built-In Oven, Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System, Water Softener
- Furnishings: Negotiable
- Flooring: Ceramic Tile, Engineered Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Security/Safety: Security Gate, Smoke Detector(s)
Exterior
- Exterior Features: Lighting
- Deck/Patio: Covered, Enclosed, Front Porch, Porch, Rear Porch, Screened
- Porch/Patio/Deck: Covered, Enclosed, Front Porch, Porch, Rear Porch, Scre
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Garage Door Opener, Garage Faces Side, Oversized
Location
- Area: 34482 - Ocala
- County: Marion
- Development Name: 34482 - Ocala
- Subdivision: MCCULLY S SUB FIRST ADD
- Driving Directions: N. US Hwy 27 to turn right on take until end turn right NW 85th and then right onto NW 118th property on right.
- Direction Faces: Southeast
School Information
- Elementary School: Reddick-Collier Elem. School
- Middle School: Osceola Middle School
- High School: Forest High School
Community
- Community Name: 34482 - Ocala
- Community Features: Horses Allowed
- Number of Pets: 10
- Adult Community: Yes
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Connected, Water Connected
Structural Information
- Architectural Info: Florida
- Architectural Style: Florida
- Exterior Const.: Brick, Cement Siding
- Roof: Shingle
- Windows: Shutters
- Stories/Levels: One
- Square Feet: 2,862
- Sq. Ft. Source: Public Records
- Current Bldg. Use: Horses
- Year Built: 2000
Additional Structures
- Other Structures: Barn(s)
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 4.1
- Lot Size (Sq. Ft.): 178,596
- Lot Size: 4.1
- Lot Dimensions: 196 x 618
- Frontage: Street Dead-End, Street Paved
- Street/Road Desc.: Paved, Asphalt
- Fencing (Description): Board, Fenced, Wire, Wood
Financial Considerations
- Tax Amount: $6,840.04
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SEC 16 TWP 14 RGE 20 PLAT BOOK U PAGE 096 MCCULLY S SUB FIRST ADD LOTS 10.11
- Flood Zone Info: X
- APN: 1243010000
- Property ID: 1243010000
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Schools
Schools serving 8490 NW 118th Terrace
School District:Marion County School District
| Name | Grades | Distance |
|---|---|---|
Fessenden Elementary School 4200 Northwest 89th Place, Ocala, FL 34482 | PK-5 | 7.6 mi |
North Marion Middle School 2085 West Highway 329, Citra, FL 32113 | 6-8 | 10.1 mi |
West Port High School 3733 Southwest 80th Avenue, Ocala, FL 34481 | 9-12 | 9.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8490 NW 118th Terrace
Date
Details
Price
Change
Source
1/07/2026
Listed
$985,500
32.28%
MLS
2/22/2022
Sold
$745,000
—
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 8490 NW 118th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,840
-1%
$450,472
-3%
2024
$6,931
-22%
$462,237
-21%
2023
$8,876
14%
$582,051
24%
2022
$7,769
154%
$469,414
126%
2021
$3,059
—
$207,502
1%
2021
$3,059
2%
$205,031
2%
2019
$3,001
6%
$200,659
2%
2018
$2,832
2%
$196,247
2%
2017
$2,785
1%
$192,565
2%
2016
$2,760
-1%
$189,050
1%
2015
$2,781
7%
$187,466
1%
2014
$2,606
3%
$185,483
1%
2013
$2,542
—
$183,081
—
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 8490 NW 118th Terrace
8490 NW 118th Terrace, Ocala, FL 34482 (MLS# OM716120) is a Single Family property with 3 bedrooms and 2 full bathrooms. 8490 NW 118th Terrace is currently listed for $985,500 and was received on January 07, 2026. Want to learn more about 8490 NW 118th 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.

