Lot 15 NW 118th Ter, Ocala, FL 34482 - Photo 1

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$35,000

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Active
Lots/Land
0.22 Acres

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Property Description

Exceptional opportunity for investors and builders alike! This 0.22 acre lot is located in the peaceful and fast-growing Ocala Estates community. One of two side by side parcels available, it offers the perfect setup for building multiple homes or holding as a long-term investment. With no HOA, no flood zone, and proximity to schools, shopping, major highways, and the World Equestrian Center, this location is ideal for rental income, resale, or personal use. A Florida gem, Rainbow River State Park is about 12 miles away. Adjacent lot also available contact for details.

Full Property Details

Full Property Details for Lot 15 NW 118th Terrace

General

Price: $35,000
Taxes: $202 (2024)
Status: Active
Type: Lots/Land
Source: MidFloridaRegionalMLS
MLS ID: O6312871
Updated: 9/19/2025
Added to Site: 236 day(s) ago

Location

Area: 34482 - Ocala
County: Marion
Development Name: 34482 - Ocala
Subdivision: OCALA ESTATE
Driving Directions: From I-75, head west on FL-40 W for approximately 7.1 miles. Turn right onto NW 110th Avenue, then left onto NW 12th Lane. Continue and turn left onto NW 118th Terrace. The lot will be on your right, located next to the parent parcel, just past 1120 NW 118th Terrace, Ocala, FL 34482.

School Information

Elementary School: Romeo Elementary School
Middle School: Dunnellon Middle School
High School: West Port High School

Community

Community Name: 34482 - Ocala

Utilities

Sewer: Septic Needed
Water: Well Required
Utility Description: Electrical Nearby

Structural Information

Current Bldg. Use: Mixed Use

Lot Features

Lot Size (Acres): 0.22
Lot Size (Sq. Ft.): 9,583
Lot Size: 9583
Lot Dimensions: 125 x 74
Street/Road Desc.: Asphalt, Paved

Financial Considerations

Price Per Acre: $159,091
Tax Amount: $202
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Special Conditions: None
Legal Description: SEC 09 TWP 15 RGE 20 PLAT BOOK G PAGE 103 OCALA ESTATES BLK 20 LOT 15
Flood Zone Info: X
APN: 2100020015
Property ID: 2100020015
Block/Lot/Section: 20

Listed by Lifestyle International Realty

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Price & Sales History for Lot 15 NW 118th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

9/19/2025

Price Reduced

$35,000

-5.41%

MLS

5/27/2025

Listed

$37,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Lot 15 NW 118th Ter, Ocala, FL 34482 (MLS# O6312871) is a Lots/Land property with a lot size of 0.22 acres. Lot 15 NW 118th Ter is currently listed for $35,000 and was received on May 27, 2025. Want to learn more about Lot 15 NW 118th Ter? Do you have questions about finding other Lots/Land real estate for sale in Ocala? You can browse all Ocala real estate or contact a Coldwell Banker agent to request more information.

Lot 15 NW 118th Terrace Ocala, FL 34482