$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 7,244
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