$28,000
SOLD MAY 12, 2025

0 SW 38th Street Rd Unit MFRG5094397 Ocala, FL 34481

Fellowship Neighborhood
0.46 Acre
$60,870 Price per Acre
20,038 Sq Ft Lot

Recently Sold

20% Below List Price

36 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • High Speed Internet

About This Lot

As of May 2025

Welcome to this fantastic 0.46-acre lot in the desirable Rainbow Park neighborhood of Ocala! Nestled in a peaceful and growing community, this property offers endless potential for investors and homeowners alike. The lot can be divided into two separate .23-acre lots, making it an ideal option for building two homes or pursuing a development opportunity. Located in a serene area with easy access to nearby amenities, including schools, parks, shopping, and dining, this parcel provides the perfect balance of privacy and convenience. Whether you're looking to create a personal retreat or seeking an investment opportunity in a rapidly appreciating area, this lot is a must-see. Don't miss out on the chance to own a piece of Ocala’s vibrant real estate market! Contact us today to learn more about this unique property and its potential. Lot can be divided.

Last Agent to Sell the Property

Roy Vaca

FLAMINGO REAL ESTATE & MNGMT Brokerage Phone: 352-689-1000 License #3491457 Listed on: 03/18/2025

Last Buyer's Agent

Carolina Arango

NEXT GENERATION REALTY OF MARION COUNTY LLC License #3317965

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $189

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 150x135
  • Dirt Road
  • Property is zoned R1

Utilities

  • Well Required
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 22 / 120
  • Assessor Parcel Number 2003-120-022

Property Details

Property Type

Land

Est. Annual Taxes

$189

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20038
  • Directions to Property: Go direct to pin
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 145241711
  • RATIO Current Price By Calculate: 1.40
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 352-689-1000
  • Tax Year: 2024
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: No
  • Road Surface Type: Dirt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Price Per Acre: 60870

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available
  • Sewer: Septic Tank
  • Water Source: Well Required

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: R1
  • Parcel Number: 2003-120-022
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 150x135
  • Flood Zone Code: X
  • Lot Size Square Meters: 1862

Tax Info

  • Tax Annual Amount: 188.58
  • Tax Block: 120
  • Tax Book Number: G-034RAINBOW
  • Tax Lot: 22

Similar Properties in Ocala, FL

  • TBD NW 6th Place, Ocala, FL 34475

    $32,000

    • Land
    • 0.42 Acre
    • $76,190 per Acre
    • TBD NW 6th Place
    • Ocala, FL

    ATTENTION INVESTORS!!! Beautiful .42 acres in the heart of Ocala. Zoned R-3 and perfect for Muiti-Family Housing. Close to the Downtown Ocala Square, Silver Springs and minutes to the World Equestrian Center. This is a great site to build affordable housing.

    Dava Peters WEICHERT REALTORS HALLMARK PRO

    Section Image
  • Lot 1 Locust Place Run, Ocala, FL 34472

    $25,000

    • Land
    • 0.4 Acre
    • $62,500 per Acre
    • Lot 1 Locust Place Run
    • Ocala, FL

    Under contract-accepting backup offers. Oversized Wooded Corner Lot in Prime Silver Springs Shores Location!Nestled on a spacious 0.4-acre corner lot with approximately 124 feet of road frontage and 145 feet deep, this wooded parcel offers the perfect canvas for your future dream home. Located in the peaceful community of Silver Springs Shores, this property provides a serene, natural setting

    Robb Harrison ROBB HARRISON REALTY INC

    Section Image
  • 2 Locust Run, Ocala, FL 34472

    $32,000

    • Land
    • 0.44 Acre
    • $72,727 per Acre
    • 2 Locust Run
    • Ocala, FL

    Build your dream home on this OVERSIZED lot in the thriving community of Silver Springs Shores! Enjoy paved road frontage and no HOA restrictions in a location that offers both convenience and tranquility. Just minutes from downtown, schools, shopping, dining, medical facilities, and the Silver Springs Shores Community Center, this lot is perfectly situated for your future home or investment.

    Javier Rojas FONTANA REALTY

    Section Image
  • 0 SW 40th Place Rd Unit MFROM694864, Ocala, FL 34481

    $26,000

    • Land
    • 0.41 Acre
    • $63,415 per Acre
    • 0 SW 40th Place Rd
    • Unit MFROM694864
    • Ocala, FL

    This is a great opportunity to build your dream home in a developing area of new construction. The lot is located only 10 minutes away from the World Equestrian Center and 15 minutes from the beautiful Rainbow River Springs. Easy and fast access from Hwy 40. Build it now or keep it as an investment. This one won't last long!

    Carolina Arango NEXT GENERATION REALTY OF MARION COUNTY LLC

    Section Image
  • 0 SW 29th Ln Unit MFROM704258, Ocala, FL 34481

    $36,000

    • Land
    • 0.46 Acre
    • $78,261 per Acre
    • 0 SW 29th Ln
    • Unit MFROM704258
    • Ocala, FL

    HURRY! Land is selling fast! This double lot can be split easily into 2 lots to build 2 homes. Rainbow Park is a rapidly growing community located just 12 minutes away from the World Equestrian Center. Conveniently located near Hwy 40. NO HOA FEES and it is NOT in flood zone. Priced well, you can build your dream home or hold for investment.

    Sergio Rebollo REAL ESTATE TEAMMATES LLC

    Section Image
  • TBD SW 40 St, Ocala, FL 34481

    $34,999

    • Land
    • 0.46 Acre
    • $76,085 per Acre
    • TBD SW 40 St
    • Ocala, FL

    Come and see this beautiful lot in the growing area of Rainbow Park .This lot can be split in 2 lots of 0.23 acres and build your dream homeIt won t last !!Text me for information

    Laura Guastella GRAYSTONE REAL ESTATE

    Section Image
  • 0 SW 150th Ct Unit MFRGC530349, Ocala, FL 34481

    $32,500

    • Land
    • 0.46 Acre
    • $70,652 per Acre
    • 0 SW 150th Ct
    • Unit MFRGC530349
    • Ocala, FL

    ?? Rainbow Park, Ocala, FLSeize the opportunity to own this prime double lot totaling 0.46 acres in the peaceful and growing community of Rainbow Park in Ocala, Florida! Whether you're ready to build now or invest for the future, this spacious parcel offers the perfect canvas to design your dream home.Located in a quiet, residential area with no HOA, this property provides both privacy and

    Paul Curlings REAL BROKER, LLC

    Section Image
  • 0 SW 150th Ct Unit MFRO6297689, Ocala, FL 34481

    $29,795

    • Land
    • 0.46 Acre
    • $64,772 per Acre
    • 0 SW 150th Ct
    • Unit MFRO6297689
    • Ocala, FL

    DOUBLE LOT, CLEARED of trees already! No flood zone. Save thousands of dollars in land clearing costs by not having to remove trees. New construction homes all around . This property is Marion County PARCEL NUMBER 2003-129-027. It is one parcel including two lots and can be split back for free into two separate parcels. No HOA. GPS coordinates to center of property: 29.156095, -82.368634.

    Robert Arnold SAND DOLLAR REALTY GROUP INC

    Section Image
  • 14340 SW 30th Place, Ocala, FL 34481

    $32,995

    • Land
    • 0.46 Acre
    • $71,728 per Acre
    • 14340 SW 30th Place
    • Ocala, FL

    This property is 2 lots, so you can build 2 houses. Located at the very front of the subdivision makes these lots super convenient to the main road. No flood zone. Trees aren't too thick on this lot, so land clearing should not be expensive. Perfect for developers to build two houses side by side here in Rainbow Park. This property is Marion County PARCEL NUMBER 2002-046-005 No HOA. GPS

    Robert Arnold SAND DOLLAR REALTY GROUP INC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Sold $28,000 -20.0% --
04/23/2025 04/23/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $35,000 -- --
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: G5094397

Stellar MLS