Matt Varney Of Ocala Horse Properties Represents Buyer In $2M Ocala Estate Sale
730 Southwest 87th Place
$2,000,000
$605/SF
Building Size
3,303 SF
Asset Type
Single Family
Closing
Jun 7, 2024
AI
An expansive 10-acre equestrian estate in southwest Ocala, boasting a gated entrance, guest bungalow, luxurious pool, and outdoor kitchen, recently sold for $2 million on June 7 at 730 SW 87th Place in Ocala. The property features a 3,303-square-foot main home with 3 bedrooms, 2.5 bathrooms, crown molding, cathedral ceilings, a fireplace, upgraded kitchen with high-end appliances, and a spacious backyard with a pool and summer kitchen area.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,000,000
- Area: 10 acres
- Price per Square Foot: $606
- Market: Ocala
- Address: 730 Southwest 87th Place
The buyer's representative for this transaction was Matt Varney from Ocala Horse Properties, while the seller was represented by Erica Jacobs and Jolinda Fisher from Re/Max Premier Realty.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93