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Prime build-ready homesite in Marion Oaks, one of Ocala’s fastest-growing residential communities and a proven market for new construction. This mostly cleared lot is surrounded by newer homes and established residences, offering an ideal setting for builders, investors, and future homeowners. Positioned on Marion Oaks Trail near SW 63rd Terrace, the property features a highly desirable location with strong neighborhood appeal and convenient access to major transportation routes. Utilities are available in the area, helping streamline the development process. With ongoing residential growth throughout Marion Oaks and increasing demand for affordable new construction homes in Ocala, this parcel presents an excellent opportunity for a spec home, build-to-rent investment, resale project, or long-term land hold. Located just minutes from schools, shopping, dining, medical facilities, and I-75, this property combines accessibility, development potential, and investment value. Secure a homesite in one of Marion County’s most active growth corridors and capitalize on the continued demand for quality housing in Central Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$48,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $38,800 | $38,800 | $38,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $232 | $245 | $322 |
| Total Monthly Payment | $307 | $320 | $397 |
* 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.