723 SE 40th Terrace Ocala, FL 34471
Southeast Ocala NeighborhoodEstimated payment $2,266/month
Highlights
- No HOA
- 2 Car Attached Garage
- Laundry Room
- Forest High School Rated A-
- Living Room
- Central Heating and Cooling System
About This Home
Welcome to this beautifully renovated home in desirable Southeast Ocala, where warmth, natural light, and modern updates come together in a peaceful setting. As you enter, the light-filled family room highlights the open-concept design, creating an inviting space for everyday living and entertaining. The fully renovated kitchen features soft-close cabinetry, granite countertops, a stylish tile backsplash, and stainless steel appliances. Just off the kitchen is a formal dining room and a spacious laundry room with custom cabinetry installed in the past year. The primary suite offers a relaxing retreat with a beautifully updated bathroom featuring granite countertops and a large walk-in shower. Two additional spacious bedrooms and a full hallway bath provide comfortable accommodations for family or guests. Sliding doors from the dining room lead to a back deck with new railings, perfect for morning coffee or evening dinners overlooking the large backyard with new vinyl fencing. Major updates completed in 2023 include:
• New HVAC system with ductwork
• Updated electrical and plumbing
• New roof
• All new windows and interior/exterior doors (including garage door and opener)
• New water heater, toilets, sinks, lighting, trim, and flooring This home truly feels like new construction while being located in an established neighborhood near downtown Ocala, shopping, dining, parks, and schools — many within walking distance. A must-see move-in ready home!
Listing Agent
NEXT GENERATION REALTY OF MARION COUNTY Brokerage Phone: 352-342-9730 License #3018779 Listed on: 03/05/2026
Co-Listing Agent
NEXT GENERATION REALTY OF MARION COUNTY Brokerage Phone: 352-342-9730 License #3158010
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,827
Year Built
- Built in 1972
Lot Details
- 0.35 Acre Lot
- Lot Dimensions are 110x140
- West Facing Home
- Property is zoned R1
Parking
- 2 Car Attached Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,540 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Window Treatments
- Living Room
- Vinyl Flooring
Kitchen
- Range Hood
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
Schools
- Ward-Highlands Elem. Elementary School
- Fort King Middle School
- Forest High School
Utilities
- Central Heating and Cooling System
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- Eastwood Park Un 01 Subdivision
Listing and Financial Details
- Legal Lot and Block 5 / D
- Assessor Parcel Number 2774-004-005
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,827 | $205,015 | $48,510 | $156,505 |
| 2024 | $3,848 | $203,044 | $48,510 | $154,534 |
| 2023 | $1,034 | $81,932 | $0 | $0 |
| 2022 | $856 | $79,546 | $0 | $0 |
| 2021 | $1,033 | $77,229 | $0 | $0 |
| 2020 | $654 | $76,163 | $0 | $0 |
| 2019 | $637 | $74,451 | $0 | $0 |
| 2018 | $623 | $73,063 | $0 | $0 |
| 2017 | $625 | $71,560 | $0 | $0 |
| 2016 | $626 | $70,088 | $0 | $0 |
| 2015 | $635 | $69,601 | $0 | $0 |
| 2014 | $581 | $69,049 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $379,000 | +18.4% | $246 / Sq Ft | |
| 02/09/2024 02/09/24 | Sold | $320,000 | -1.5% | $208 / Sq Ft | View Prior Sale |
| 01/05/2024 01/05/24 | Pending | -- | -- | -- | |
| 12/31/2023 12/31/23 | For Sale | $325,000 | -- | $211 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $320,000 | First American Title Insurance | |
| Warranty Deed | $129,000 | First American Title Insurance | |
| Warranty Deed | $129,000 | First American Title Insurance | |
| Interfamily Deed Transfer | -- | -- |
Source: Stellar MLS
MLS Number: OM720131
APN: 2774-004-005
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Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.