4281 SW 121ST TERRACE, Ocala, FL, 34481 | $545,000

Under contract-accepting backup offers. Come check out this one-of-a-kind, multi-generational home situated on a corner lot in the desirable Rolling Hills community, just minutes from the World Equestrian Center.
This incredible property sits on a paved road and features a 3 bedroom, 2 bathroom main home with a huge bonus room, plus a fully functional mother-in-law suite that has its own private driveway and spacious 4 car garage. As you arrive at the property, you’ll immediately appreciate the beautiful curb appeal, corner lot setting, mature landscaping, and separate driveways that provide convenience and privacy for both living spaces. The main home features its own driveway with a separate 2 car garage, making this setup perfect for families wanting their own space while still living together.

Heading inside the main home, you’ll be greeted by a bright and inviting living room with vaulted ceilings and tons of natural light. The kitchen is designed for both function and entertaining, featuring double sinks—including one that overlooks the pool—along with plenty of cabinet space and a layout that flows seamlessly into the main living areas. The main home offers three bedrooms and two full bathrooms, including an oversized bonus bedroom that can easily be used as a game room, office, or additional guest space. The guest bathroom also serves as a convenient pool bathroom with direct access to the outdoor area, perfect for entertaining. The primary suite is truly a private retreat, featuring an oversized master bedroom with its own split unit, a beautiful reading room with views into the pool area, a huge walk-in closet, and a spacious master bathroom with double vanities and an updated walk-in shower.
One of the standout features of this property is the backyard oasis, complete with a pool enclosed in a bird cage, offering year-round enjoyment and low maintenance. The separate mother-in-law suite is fully equipped with its own kitchen, full bathroom, and washer/dryer hookups—providing complete independence and comfort. Connected to the suite is a massive 4 car garage with a built-in man cave, offering the ultimate space for hobbies, storage, entertaining, or weekend gatherings.

The fully fenced backyard provides added privacy and security, while the irrigation system, greenhouse, and new well pump make this property ideal for gardening, outdoor living, and maintaining beautiful landscaping. Major updates include a 2018 roof and a 2015 HVAC system. What truly sets this property apart is its rare combination of location, layout, and functionality, while also offering multi-generational living, multiple garages, private living spaces, and a resort-style backyard—all in a no HOA community and , just minutes from WEC, shopping, dining, and everyday conveniences.
Easy to show! Don’t miss out on the opportunity to own this rare and versatile property. Call to schedule your private tour today!

Features

  • Rooms: 3
  • Bedrooms: 4
  • Baths: 3 full
  • Lot Size: 150 x 299
  • Laundry: Inside
  • Year Built: 1992
  • Garage: 6-car Covered, Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,484
  • Acreage: 1.03
  • Lot Size: 150 x 299
  • Est. Taxes: $8,422
  • Lot Desc: Corner Lot
  • View: Trees/Woods
  • Pool: In Ground, Screen Enclosure
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: OM719132
  • Days on Market: 40 days
  • Website: https://www.raveis.com
    /prop/OM719132/4281sw121stterrace_ocala_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/18/2026 12:37:56 PM)
Listing courtesy of GAILEY ENTERPRISES REAL ESTATE   Phone: 770-733-2596

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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4281 SW 121ST TERRACE, Ocala, FL, 34481

$545,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $436,000 $436,000 $436,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.357% 6.304% 5.648%
Monthly Tax Payment $702 $702 $702
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,579 $2,649 $3,534
Total Monthly Payment $3,373 $3,443 $4,328

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.