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$499,900
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Property Description
Prime vacant land in rapidly growing Silver Springs in Marion County Hwy 40 is slated to become a 4 lane road as per FDOT in the coming years. Project is slated but start date unknown. Currently zoned as 4.82 acres of B4 Heavy commercial and 3.58 Acres of A1.
Full Property Details
Full Property Details for 10951 E Hwy 40
General
- Price: $499,900
- Taxes: $3,333 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: O6321633
- Updated: 10/8/2025
- Added to Site: 240 day(s) ago
Location
- Area: 34488 - Silver Springs
- County: Marion
- Development Name: 34488 - Silver Springs
- Driving Directions: US-17 N/US-92 E Use the left 2 lanes to turn left onto FL-15 Alt N Drive to FL-40 W in Marion County Use the left 2 lanes to turn left onto US-17 N Turn left onto FL-40 W
- Direction Faces: South
Community
- Community Name: 34488 - Silver Springs
Utilities
- Sewer: None
- Water: None
- Utility Description: Electrical Nearby
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 8.4
- Lot Size (Sq. Ft.): 365,904
- Lot Size: 8.4
- Lot Dimensions: 630 x 650
- Street/Road Desc.: Paved
Financial Considerations
- Price Per Acre: $59,512
- Tax Amount: $3,333.18
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: SEC 01 TWP 15 RGE 23 COM 1/2 MILE POST BETWEEN SEC S 1.2 TH S 00-38-00 E 187.44 FT TO THE POB TH S 00-43-37 E 476.64 FT TH S 85-21-54 E 311.27 FT TH N 00-43-37 W 501.11 FT TH N 89-52-24 W 309.94 FT TO THE POB AKA TRACT 1997 & SEC 02 TWP 15 RGE 23 E 5 00 FT OF NE 1/4 OF SE 1/4 OF SEC 2 LYING NLY OF SR 40 EXC COM AT THE NE COR OF NE 1/4 OF SE 1/4 OF SEC 2 TH S ALONG E SEC LINE OF SAID SEC TO A PT WHERE SEC LINE INTER NLY ROW OF SR 40 TH WLY ALG N ROW LINE SR 40 340 FT TO THE POB TH WLY ALONG N ROW LINE OF SR 40 160 FT TH N 621.50 FT TH E 158.93 FT TH S 635.3 FT TO THE POB
- Flood Zone Info: X
- APN: 3171400100
- Property ID: 3171400100
- Block/Lot/Section: 4
Listed by Keller Williams Advantage Realty
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Schools
Schools serving 10951 E Hwy 40
School District:Marion County School District
| Name | Grades | Distance |
|---|---|---|
East Marion Elementary School 14550 Northeast 14th Street Road, Silver Springs, FL 34488 | PK-5 | 3.8 mi |
Fort Mccoy School 16160 Ne Highway 315, Fort McCoy, FL 32134 | PK-5 | 11.8 mi |
Lake Weir High School 10351 Southeast Maricamp Road, Ocala, FL 34472 | 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 10951 E Hwy 40
Date
Details
Price
Change
Source
10/08/2025
Price Reduced
$499,900
-9.11%
MLS
7/12/2025
Price Reduced
$550,000
-29.03%
MLS
6/25/2025
Listed
$775,000
—
MLS
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 10951 E Hwy 40
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,289
-1%
$211,169
—
2024
$3,333
20%
$211,169
21%
2023
$2,781
83%
$174,749
50%
2022
$1,518
4%
$116,644
42%
2021
$1,462
—
$82,053
—
2021
$1,462
26%
$82,045
40%
2018
$1,156
-4%
$58,720
—
2019
$1,202
4%
$58,750
—
2017
$1,159
-3%
$58,711
-5%
2016
$1,199
-25%
$61,682
-22%
2015
$1,600
7%
$79,338
3%
2014
$1,496
1%
$77,064
—
2013
$1,484
—
$77,312
—
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 10951 E Hwy 40
10951 E Highway 40, Silver Springs, FL 34488 (MLS# O6321633) is a Lots/Land property with a lot size of 8.4 acres. 10951 E Highway 40 is currently listed for $499,900 and was received on June 25, 2025. Want to learn more about 10951 E Highway 40? Do you have questions about finding other Lots/Land real estate for sale in Silver Springs? You can browse all Silver Springs real estate or contact a Coldwell Banker agent to request more information.

