9785 SW 40TH TERRACE, Ocala, FL, 34476 | $363,900

Welcome to your dream home situated on a spacious . 62 acres in a prime corner lot location in the desirable southwest area of Ocala! This property combines comfort, functionality, and outdoor living, making it perfect for families, hobbyists, and anyone who loves to entertain.
Step inside to discover an inviting layout that includes an additional office room, ideal for those who work from home or need a quiet space for study. The cozy breakfast nook offers a charming spot for morning coffee and casual meals, while the spacious living areas provide plenty of room for gatherings. The exterior of the home is just as impressive. You’ll love the huge 264 sq ft workshop with electricity, perfect for all your projects and hobbies. The full yard smart irrigation system with 54 sprinkler heads ensures your lawn looks lush and green with minimal effort.

For pet lovers, the fenced-in dog run/yard is a safe haven for your furry companions. Enjoy evenings around the firepit or cultivate your green thumb in the fully irrigated fenced garden area. The woodshed provides ample storage for your gardening tools and outdoor supplies.
If you enjoy camping or have an RV, the 50 amp hookups with high-speed Ethernet internet and water are a fantastic feature. The smart home security system, complete with two outdoor cameras and a doorbell camera, offers peace of mind for you and your family.
Outdoor enthusiasts will appreciate the abundant electrical outlets and water spigots throughout the property, making it easy to host gatherings or tackle landscaping projects. The huge fully enclosed lanai, boasting an additional gas stovetop and AC unit, is perfect for year-round entertaining or relaxing. Fruit-bearing apple trees add a delightful touch to your outdoor space, and the additional screened-in side patio creates the perfect grilling area while staying sheltered from the rain. Plus, with a new roof coming soon, you can move in with confidence.

Don't miss the opportunity to make this exceptional property your own. With its prime location and numerous amenities, it truly has it all!

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside
  • Year Built: 2005
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,024
  • Acreage: 0.62
  • Est. Taxes: $3,922
  • Lot Desc: Corner Lot
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: OM697813
  • Days on Market: 15 days
  • Website: https://www.raveis.com
    /prop/OM697813/9785sw40thterrace_ocala_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/17/2025 7:36:16 PM)

William Raveis Family of Services

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Kim KnoxLuxury Properties Specialist

978.771.4579

Kim.Knox@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

9785 SW 40TH TERRACE, Ocala, FL, 34476

$363,900

Kim Knox

Luxury Properties Specialist

William Raveis Real Estate

Phone: 978.771.4579

Kim.Knox@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $291,120 $291,120 $291,120
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.007% 7.037% 6.152%
Monthly Tax Payment $327 $327 $327
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,816 $1,912 $2,437
Total Monthly Payment $2,218 $2,314 $2,839

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.