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3365 Northwest 85th Terrace

Matt Varney Of Ocala Horse Properties Brokers $4.35M Golden Ocala Estate Sale
SOLDSingle Family

Matt Varney Of Ocala Horse Properties Brokers $4.35M Golden Ocala Estate Sale

3365 Northwest 85th Terrace

$4,350,000

$978/SF

Building Size

4,448 SF

Asset Type

Single Family

Closing

Apr 5, 2024

AI

A prestigious Ocala estate located at 3365 NW 85th Terrace, within the Golden Ocala Golf & Equestrian Club, was recently sold for $4.35 million. The 4,448-square-foot luxury home, situated on the 18th Fairway of the Masters Section, underwent extensive renovations and boasts high-end features including retracting glass doors, gourmet appliances, and a wine fridge.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,350,000
  • Market: Ocala
  • Address: 3365 Northwest 85th Terrace
  • Asset Type: Single Family
  • Acres: 0.92

The sale was facilitated by Matt Varney of Ocala Horse Properties, showcasing the continued trend of multi-million dollar property sales in the Ocala area. Noteworthy is the significant increase in the property's sale price, which was previously sold for under half the final selling amount just three years ago.

Players

Matt Varney

Broker

$6.4M

vol

2 deals

Broker

Ocala Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93