7885 Midway Drive Terrace, FL7885 Midway Drive Terrace, FL7885 Midway Drive Terrace, FL
Stellar MLS
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$123,000

7885 Midway Drive Terrace

Ocala, FL 34472

Listing updated: September 17, 2026 at 9:52 AM ET

Active
Stellar MLSListing courtesy of Re/Max Allstars Realty · Marcia Kasper · MLS #OM718832 · Active · 352-484-0155
2
Beds
2
Baths
840
Sq Ft
0.01
Acres
1987
Built
◆55+ community◆$146/sqft◆360° tour
Condominium

Property type

1987

Year built

424 sqft

Lot size

$146

Price / sq ft

$338/mo

HOA dues

163

Days on market

X

Flood zone

About this home

Bright and cheerful furnished 2 bedroom/2 bathroom first-floor condo in Derby Downs, a welcoming 55+ community! Move-in ready and turn-key, including linens, dishes, and more, with maintenance-free living. Enjoy new laminate flooring in the main living areas and a beautiful pond just steps away, perfect for relaxing or taking a stroll. The primary bedroom features an ensuite bathroom, and the indoor laundry includes a washer and dryer. A reserved parking spot is just steps from the front door, with additional guest parking nearby. Residents can enjoy the Silver Springs Shores Community Center just 1/2 mile away, with swimming pools, basketball, pickleball, and tennis courts for fun and socializing. HOA fees cover roof upkeep, exterior building repairs and painting, lawn maintenance and landscaping, irrigation, pest control, and trash service. This peaceful and friendly neighborhood is conveniently located near shopping, dining, parks, and just minutes from Lake Weir. Schedule your tour today!

Estimated monthly payment

Principal & interest$622
Property taxes$191
Home insurance (est.)$56
HOA dues$338

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 history163 days on market

  1. Status: Active
    Sep 12, 2026
  2. Listed$135,000
    Feb 16, 2026
  3. Price reduced$123,000

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
163
Subdivision
Derby Downs
County
Marion
Year built
1987
Living area
840 sq ft
Price/sq ft
$146
Building area
948 sq ft (Public Records)
Lot size
424 sq ft
Flood zone
X
Annual taxes
$2,295 (2025)
Parcel #
90490-05-101
Zoning
R3
MLS #
OM718832

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Interior Details

Bedrooms
2
Full bathrooms
2
Flooring
Carpet, Luxury Vinyl
Appliances
Dishwasher, Microwave, Range, Refrigerator
Interior features
Other
Laundry
Inside
Stories / Levels
One
Direction faces
Southeast

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Parking features
Assigned

HOA & Financial

HOA fee
$338 / Monthly
Monthly HOA
$338/mo
Total monthly fees
$338/mo
Total annual fees
$4,055
HOA name
Vine Management/ Laurie Gahr
CDD
No
Min lease term
No Minimum
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Contact HOA for Lease Restrictions
Approval process
Association Approval Required

Exterior & Construction

Exterior features
Lighting, Other, Rain Gutters
Construction materials
Metal Siding
Roof
Shingle
Foundation
Slab
Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected

Community

Pets allowed
Yes
Senior community
Yes

Room Details

RoomLevelDimensions
KitchenFirst
Living RoomFirst
Primary BedroomFirst

Listing Details

Listing date
2026-02-16
On market date
2026-02-16
Original list price
$135,000
Occupant type
Vacant
MLS area
34472 - Ocala
Listing AOR
Ocala - Marion
Status changed
2026-09-12
Tax legal description
SEC 10 TWP 16 RGE 23 PLAT BOOK J PAGE 451 DERBY DOWNS CONDOMINIUM SILVER SPRINGS SHORES UNIT 62 BLDG E UNIT 101

Flood risk

Minimal riskFEMA Zone X

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

Head east on SE Mari camp Road (CR-464), then turn left onto Midway Road and continue north until you reach Midway Drive; turn right onto Midway Drive and follow it into the complex until you arrive at 7885 Midway Drive E101, where you’ll look for Building E and Unit E101.

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MLS GRID

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 September 17, 2026 at 9:52 AM 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA