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.
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Ocala Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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