10086 SW 62ND TERRACE ROAD, Ocala, FL, 34476 | $220,000

Welcome home to the vibrant 55+ community of Cherrywood Estates in the heart of Ocala! The monthly fee of $328. 00 gives you exclusive access to the community swimming pool, tennis, pickle and basketball courts, shuffleboard and a great fitness center. Trash, cable TV and internet are also included. This spacious 1997 Cardinal model offers major updates including Roof (2018) and new windows (2021) desirable 3-bedroom, 2-bath split floor plan. Step inside and immediately and appreciate the cathedral ceilings that enhance the airy feel of the home. The layout provides effortless flow into the kitchen in which all the kitchen appliances convey along with the washer and dryer, complete with an inviting eat-in dining space and breakfast bar great for casual meals, morning coffee, or entertaining guests. The split-bedroom is ideal for privacy for owner and guests, with the primary suite tucked away as a peaceful retreat featuring its own en-suite bath. Two guest bedrooms are conveniently positioned on the opposite side of the home with a centrally located guest bath. Relax and unwind in the enclosed lanai or step outside to a lush landscaped sitting area ideal for weekend BBQs, quiet mornings, or tea with a good book. Cherrywood Estates offers an active lifestyle at its best, with an abundance of clubs, activities, and community events designed to keep your calendar as full as you’d like. Conveniently located near the Ocala Equestrian Center that includes all the shops, dining, and everyday essentials, plus less than an hour from Crystal River, where you can enjoy Florida’s beautiful Gulf Coast and experience the famous manatees. Schedule a tour in this priced to sell move in ready home.

Features

  • Amenities: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Shuffleboard Court, Tennis Court(s)
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 85 x 120
  • Laundry: Laundry Room
  • Year Built: 1997
  • Garage: 2-car Driveway
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,487
  • Acreage: 0.23
  • Lot Size: 85 x 120
  • Est. Taxes: $1,730
  • HOA Fee: $328 Monthly
  • Lot Desc: Cleared
  • Adult Communities: Yes
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: G5114149
  • Days on Market: 15 days
  • Website: https://www.raveis.com
    /prop/G5114149/10086sw62ndterraceroad_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 7/12/2026 9:02:23 PM)
Listing courtesy of RE/MAX FOXFIRE - SUMMERFIELD   Phone: 352-307-0304

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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:

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Our Insurance Division:

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10086 SW 62ND TERRACE ROAD, Ocala, FL, 34476

$220,000

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 $176,000 $176,000 $176,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment $144 $144 $144
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,069 $1,111 $1,462
Total Monthly Payment $1,288 $1,330 $1,681

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.