$141,000
$3K PRICE DROP

7961 Midway Drive Terrace Unit J102 Ocala, FL 34472

Silver Spring Shores Neighborhood

Estimated payment $1,191/month

Total Views 7,324
2 Beds
2 Baths
840 Sq Ft
$168 Price per Sq Ft

Highlights

  • Golf Course Community
  • Oak Trees
  • Golf Course View
  • Access To Pond
  • Senior Community
  • Mature Landscaping

About This Home

Discover the charm of this beautifully updated 2-bedroom, 2-bathroom condo in the sought-after 55+ Derby Downs golf community! Enjoy true privacy with no one above you, plus a lovely Florida room with acrylic sliders overlooking lush fairways, serene trees, and tranquil ponds. Inside, tasteful updates shine: stylish tile and luxury vinyl plank flooring, fresh paint, and a remodeled primary shower. AC installed in 2015 offers year-round comfort. Your HOA covers maintenance, roof, exterior, pest control, trash and more-stress-free-living! For just $5/year, enjoy Silver Springs Community Center amenities: 3 swimming pools, pickle-ball & tennis courts, billiards, gym, library, event hall, and endless activities. Minutes to shopping, restaurants, medical centers, and only 30 minutes to The Villages. Don't miss this rare opportunity for resort-style living!

Listing Agent

Lorena Carter, PA

ROBERT SLACK LLC Brokerage Phone: 352-229-1187 License #3379522 Listed on: 06/13/2025

ROBERT SLACK LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,218

Year Built

  • Built in 1987

Lot Details

  • North Facing Home
  • Mature Landscaping
  • Irrigation Equipment
  • Oak Trees

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 1 Parking Garage Space

Property Views

  • Golf Course
  • Woods

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Living Room
  • Dining Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Access To Pond
  • Enclosed Patio or Porch
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

  • Greenway Elementary School
  • Lake Weir Middle School
  • Lake Weir High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • Association fees include common area taxes, escrow reserves fund, maintenance structure, ground maintenance, pest control, trash
  • Vine Management / Laurie Gahr Association, Phone Number (352) 812-8086
  • Derby Downs Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Golf Course Community
  • Community Pool

Pet Policy

  • 1 Pet Allowed
  • Small pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,218

Year Built

Built in 1987

Lot Details

0

HOA Fees

$338 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Metal Siding
  • Fireplace: No
  • Living Area: 840
  • Lot Size Acres: 0.02
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 1012
  • Lot Size Sq Ft: 978
  • Directions to Property: SE MARICAMP RD > LT ONTO PINE ROAD > RT ONTO SILVER ROAD > LT ONTO SILVER PASS > RT ONTO MIDWAY DR > TURNS INTO MIDWAY DRIVE TERRACE > HOME IS J102 ON THE RIGHT - USE THE SIDEWALK TO GO BACK TO THE HOME
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Ocala
  • Escrow Postal Code: 34474
  • Escrow State: FL
  • Escrow Street Name: SW 31st Rd Suite 202
  • Escrow Street Number: 3220
  • Floor Number: 1
  • List Office Head Office Key Nume: 172649619
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 167.86
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-229-1187
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Primary Bedroom Main Floor
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Stories: 1
  • Street Number Modifier: 7961
  • Living Area Meters: 78.04
  • Room Count: 5

Exterior Features

  • Direction Faces: North
  • Exterior Features: Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Golf Course, Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Porch, Rear Porch, Screened
  • Road Surface Type: Asphalt, Paved
  • Water Access: Pond
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Golf Carts OK, Golf, Pool, Sidewalks
  • Association Fee: 337.94
  • Association Fee Frequency: Monthly
  • Association Name: Vine Management / Laurie Gahr
  • Phone: 352-812-8086
  • Association: Yes
  • Senior Community: Yes
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: SEE ASSOCIATION DOCS
  • Association Fee Requirement: Required
  • Building Name Number: J
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: info@vinemgt.com
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 4055.28
  • Total Monthly Fees: 337.94
  • Monthly HOA Amount: 337.94

Schools

  • Elementary School: Greenway Elementary School
  • High School: Lake Weir High School
  • Middle Or Junior School: Lake Weir Middle School

Lot Info

  • Zoning: R3
  • Parcel Number: 90490-10-102
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Golf Course, Sidewalk, Paved
  • Flood Zone Code: A, X
  • Homestead YN: 1
  • Lot Size Square Meters: 91

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Number Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Tenancy shall be limited to four (4) persons in two-bedroom units. Only an entire Unit may be rented. See section 3.1 and 3.2 of the Derby Downs Rules and Regulations attached to this listing.

Tax Info

  • Tax Annual Amount: 1218.34
  • Tax Block: n/a
  • Tax Book Number: J-451DERBY
  • Tax Lot: J-102

Multi Family

  • Approval Process: Association approval required.

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
2024 $1,218 $94,649 -- --
2023 $1,218 $91,892 $50,000 $41,892
2022 $1,567 $63,993 $0 $0
2021 $1,444 $58,175 $30,000 $28,175
2020 $1,229 $50,902 $25,000 $25,902
2019 $1,126 $42,317 $2,426 $39,891
2018 $1,025 $38,559 $2,426 $36,133
2017 $949 $33,387 $2,424 $30,963
2016 $913 $32,236 $0 $0
2015 $875 $30,141 $0 $0
2014 $680 $21,133 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $141,000 -1.7% $168 / Sq Ft
06/13/2025 06/13/25 For Sale $143,500 +19.6% $171 / Sq Ft
11/21/2022 11/21/22 Sold $120,000 +4.3% $143 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $115,000 +64.5% $137 / Sq Ft
04/16/2020 04/16/20 Sold $69,900 0.0% $83 / Sq Ft
03/22/2020 03/22/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $69,900 0.0% $83 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $69,900 -- $83 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $120,000 Public Title Services
Warranty Deed $69,900 Equitable Title Of Ocala Llc
Interfamily Deed Transfer -- Attorney
Warranty Deed $35,500 1St Quality Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $96,000 New Conventional
Source: Public Records

Source: Stellar MLS

MLS Number: OM703483

Stellar MLS

APN: 90490-10-102

Florida Marion County Ocala 34472 Silver Spring Shores

7961 Midway Drive Terrace Unit J102, Ocala, FL

This home is located at 7961 Midway Drive Terrace Unit J102, Ocala, FL 34472 and is currently priced at $141,000, approximately $167 per square foot. This property was built in 1987. 7961 Midway Drive Terrace Unit J102 is a home located in Marion County with nearby schools including Greenway Elementary School, Lake Weir Middle School, and Lake Weir High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Lorena Carter, PA
Listing Agent
Lorena Carter, PA
Section Image
ROBERT SLACK LLC
(352) 747-9428