$125,000
PENDING

10520 SW 85th Terrace Ocala, FL 34481

Estimated payment $1,001/month

Total Views 1,327
2 Beds
1 Bath
768 Sq Ft
$163 Price per Sq Ft

Highlights

  • Fitness Center
  • Gated Community
  • Sun or Florida Room
  • Senior Community
  • Clubhouse
  • Community Pool

About This Home

Under contract-accepting backup offers. Short Sale. Charming 2-Bedroom Home in Gated 55+ Community. Nestled on a spacious lot with fantastic curb appeal, this charming 2-bedroom, 1-bath home is the perfect blend of comfort and convenience. Inside, you'll find generously sized bedrooms, each featuring walk-in closets; updated bathroom featuring new tile and a new vanity. The open and inviting living spaces include a cozy living room that flows seamlessly into the dining area and kitchen which leads to the bright and airy Florida room – an ideal spot for enjoying the serene surroundings. The home also includes a convenient 1-car garage, providing both parking and additional storage. Located in a desirable, gated 55+ community, residents have access to a wide range of amenities including tennis courts, bocce ball, shuffleboard, a clubhouse, and a refreshing pool. Stay active with a fitness center, and for RV owners, there's dedicated parking available. The home’s location offers easy access to Highway 200, placing you just minutes away from an abundance of shopping, dining, and entertainment options.

Listing Agent

Peggy Pittas

RE/MAX ALLSTARS REALTY Brokerage Phone: 352-484-0155 License #0695605 Listed on: 05/28/2025

RE/MAX ALLSTARS REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 1988

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 83x125
  • Southeast Facing Home
  • Landscaped
  • Cleared Lot
  • Property is zoned B4

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Living Room
  • Sun or Florida Room

Kitchen

  • Eat-In Kitchen
  • Dinette
  • Range<<rangeHoodToken>>

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed patio or porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include 24-Hour Guard, pool, private road, recreational facilities
  • Palm Cay Operations Association, Phone Number (352) 232-2202
  • Palm Cay Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,255

Year Built

Built in 1988

Lot Details

0

HOA Fees

$120 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Pool, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Metal Siding
  • Fireplace: No
  • Living Area: 768
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1988
  • Building Area Total: 1248
  • Lot Size Sq Ft: 10454
  • Directions to Property: HWY 200 W, R SW 106 PL, L SW 85TH TERR TO HOME ON L.
  • Status: Pending
  • Street Direction: SW
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34471
  • Escrow State: FL
  • Escrow Street Name: E Silver Springs Blvd.
  • Escrow Street Number: 1808
  • List Office Head Office Key Nume: 1044877
  • Minimum Lease: No Minimum
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 162.76
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-484-0155
  • Tax Year: 2024
  • Special Features: 4108

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Linoleum
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Walk-In Closet(s)
  • Appliances Included: Dryer, Range, Range Hood, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 10520
  • Living Area Meters: 71.35
  • Room Count: 8

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: Lighting, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Rear Porch
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected, Other
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Fitness Center, Gated Community - Guard, Golf Carts OK, Pool, Sidewalks, Tennis Court(s)
  • Association Amenities: Clubhouse, Fitness Center, Gated, Pool, Shuffleboard Court, Tennis Court(s)
  • Association Fee: 120
  • Association Fee Frequency: Monthly
  • Association Name: Palm Cay Operations
  • Phone: 352-232-2202
  • Association: Yes
  • Senior Community: Yes
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Contact HOA
  • Association Fee Requirement: Required
  • Association Email: palmcayactivities@gmail.com
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 1440.00
  • Total Monthly Fees: 120.00
  • Monthly HOA Amount: 120.00

Lot Info

  • Zoning: B4
  • Parcel Number: 35773-001-06
  • Additional Parcels: No
  • Lot Features: Cleared, Landscaped
  • Lot Dimensions: 83x125
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 971
  • Zoning Compatible YN: 1

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Contact HOA

Tax Info

  • Tax Annual Amount: 2255.21
  • Tax Block: A
  • Tax Book Number: Y-049PALM
  • Tax Lot: 6

Multi Family

  • Approval Process: Contact HOA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $2,255 $108,131 $0 $0
2022 $1,856 $98,301 $36,250 $62,051
2021 $531 $39,246 $0 $0
2020 $524 $38,704 $0 $0
2019 $512 $37,834 $0 $0
2018 $487 $37,129 $0 $0
2017 $475 $36,365 $0 $0
2016 $444 $35,617 $0 $0
2015 $436 $35,369 $0 $0
2014 $423 $35,088 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 Pending -- -- --
05/28/2025 05/28/25 For Sale $125,000 -13.8% $163 / Sq Ft
11/16/2023 11/16/23 Sold $145,000 0.0% $189 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $145,000 0.0% $189 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $145,000 -- $189 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100 None Listed On Document
Warranty Deed $145,000 Celebration Title Group
Deed -- Attorney
Warranty Deed $41,000 Advanced Title & S S Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $142,373 FHA
Previous Owner $27,000 New Conventional
Previous Owner $28,000 Unknown
Previous Owner $15,000 Credit Line Revolving
Previous Owner $32,800 No Value Available
Source: Public Records

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Source: Stellar MLS

MLS Number: OM702515

Stellar MLS

APN: 35773-001-06