$279,000
421 137th Avenue
Ocala, FL 34481
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
Welcome to this beautifully fully renovated home in Ocala, offering the perfect blend of modern upgrades, land, and investment potential. Situated on a spacious 1.17-acre lot, this property provides privacy, flexibility, and endless possibilities. The home features 4 bedrooms, 2 bathrooms, and approximately 1,700sq ft of living space, completely updated with new flooring, fresh interior paint, and brand-new appliances. Major systems have also been upgraded, including a new roof, new AC system, and new water heater, providing peace of mind for years to come. One of the most unique features of this property is the expansive 1.17-acre lot, which may offer the potential to subdivide and sell part of the land, build a second home, or create additional investment opportunities. With plenty of space, the property is also perfect for outdoor living, gardening, recreation, or raising small animals, allowing you to enjoy the peaceful lifestyle Ocala is known for. Conveniently located just minutes from Ocala International Airport and only 5 minutes from the World Equestrian Center, the largest equestrian venue in the United States. This prime location provides easy access to shopping, dining, and major roadways while still offering the privacy and space of country-style living. This is a rare opportunity to own a fully renovated home with acreage and incredible future potential.
Local Insight
At $164/sqft for a 1979 four-bedroom on 1.17 acres with no HOA, this is solid value for the Ocala market—especially if you're genuinely interested in horses or land, since you're getting acreage that would cost double elsewhere in Florida. The real question is whether you're buying for the lifestyle (the horse country, springs, I-75 access to three metros) or treating this as a rental/investment property, because the Dunnellon school district and rural-suburban character won't appeal to everyone, and a 45-year-old house at this price point will likely need inspection scrutiny on foundation, electrical, and roof.
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 history53 days on market
- Status: ActiveMar 16, 2026
- Listed$290,000Mar 16, 2026
- Price reduced$279,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 53
- Subdivision
- Rainbow Park Un 08
- County
- Marion
- Year built
- 1979
- Living area
- 1,700 sq ft
- Price/sq ft
- $164
- Building area
- 2,045 sq ft (Public Records)
- Lot size
- 50,965 sq ft
- Lot category
- 1 to less than 2
- Flood zone
- X (12083C0486E)
- Garage
- 1 spaces
- Annual taxes
- $2,501 (2025)
- Parcel #
- 2008-050-033
- Zoning
- R4
- MLS #
- O6390649
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Interior Details
- Bedrooms
- 4
- Full bathrooms
- 2
- Flooring
- Tile
- Appliances
- Convection Oven, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Interior features
- Built-in Features
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 8-12 Months
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Courtyard
- Construction materials
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Block
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- Electricity Available, Water Available
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | |
| Kitchen | First | |
| Primary Bedroom | First | |
| Bedroom 2 | First | |
| Bedroom 3 | First | |
| Bedroom 4 | First |
Listing Details
- Listing date
- 2026-03-13
- On market date
- 2026-03-16
- Original list price
- $290,000
- Occupant type
- Vacant
- MLS area
- 34481 - Ocala
- Listing AOR
- Orlando Regional
- Status changed
- 2026-03-16
- Tax legal description
- SEC 18 TWP 15 RGE 20 PLAT BOOK K PAGE 025 RAINBOW PARK UNIT 8 BLK 50 LOTS 33.34
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
Head Towards Ocala, FL Via Your Nearest Major Highway. 2. Merge Onto I-75 And Take Exit 350 For FL-200 Toward Ocala. 3. Turn Onto FL-200 SW College Road , Heading West. 4. Continue On FL-200 For About 12 Miles. 5. Turn Left Onto SW 137 Th Ave . 6. Drive Approximately 1 Mile; The Destination Will Be On The Left.
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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 May 8, 2026 at 1:15 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.
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