$27,000
0 157th Ter
Ocala, FL 34481
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Fantastic opportunity to own a vacant lot in the growing community of Rainbow Park. This property is ideal for building your dream home or as an investment in a high-growth area with no HOA. Located just minutes from the crystal-clear waters of Rainbow Springs State Park, the lot offers easy access to outdoor activities like kayaking, tubing, hiking, and nature walks. It’s also a short drive from the World Equestrian Center, a premier destination for equine events, dining, and entertainment, as well as Downtown Ocala’s charming historic district and local shops. The area is experiencing rapid residential development and increasing demand, making it an excellent choice for investors and builders. Enjoy nearby access to SR-40 and US-41, providing quick routes to Dunnellon, Crystal River, and I-75. Surrounded by natural beauty, outdoor adventure, and community growth, this lot is a smart buy in one of Marion County’s most promising locations.
Local Insight
At $3 per square foot for a quarter-acre lot with no HOA in a non-flood zone, this is genuinely cheap land, but you're buying a raw 0.23-acre parcel in Rainbow Place—check what infrastructure actually exists there (utilities, road access, buildability restrictions) since raw land this affordable often comes with complications. The Ocala horse country location could work great if you're serious about equestrian property, but if you're not connected to that market or planning something unconventional, you'll want to understand local zoning and whether this particular subdivision has deed restrictions that aren't showing up in the basic listing details.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history177 days on market
- Status: ActiveJan 7, 2026
- Listed$27,000Jun 23, 2025
- Price increased$27,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 177
- Subdivision
- Rainbow Place Un 3
- County
- Marion
- Price/sq ft
- $3
- Lot size
- 10,019 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12083C0470D)
- Annual taxes
- $134 (2024)
- Parcel #
- 2003-111-025
- Zoning
- R1
- MLS #
- O6318941
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Dirt
Utilities
- Sewer
- Septic Needed
- Water source
- Well Required
- Utilities
- Other
Listing Details
- Listing date
- 2025-06-23
- On market date
- 2025-06-23
- Original list price
- $27,000
- MLS area
- 34481 - Ocala
- Listing AOR
- Orlando Regional
- Status changed
- 2026-01-07
- Tax legal description
- SEC 35 TWP 15 RGE 19 PLAT BOOK G PAGE 034 RAINBOW PARK UNIT 3 BLK 111 LOT 25
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From FL-40 W, turn right onto SW 157th Terrace
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of January 7, 2026 at 6:31 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA