TBD W HWY 329 LOT 1
About This Property
in the heart of horse country and just a short 20-minute drive from the World Equestrian Center (WEC). McGee Estates is lined with mature trees, paved road, and private gate ready to build your dream estate or private training facility. Surrounded by serene farmland and open countryside yet a short drive to downtown Ocala or head north to Gainesville and Alachua County. This is more than just land-it's a canvas for your equestrian dreams.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| May 13, 2025 | In contract | - | |
| In contract | |||
| May 3, 2025 | Listed by M B REAL ESTATE GROUP INC | $390,000 | |
| Listed by M B REAL ESTATE GROUP INC | |||
| May 24, 2023 | Sold | ||
| Sold | |||
| Apr 18, 2023 | Listed by SHOWCASE PROPERTIES OF CENTRAL | $650,000 | |
| Listed by SHOWCASE PROPERTIES OF CENTRAL | |||
| | |||
|
This versatile parcel could be the dream horse farm you've always envisioned– resting on just under 23 acres of cleared land within the quiet, gated community of Colonial Downs, this piece is well-suited for a variety of disciplines and uses. High and dry, the property already has a well on-property and electric available. There's plenty of opportunity to build a home to your preferences and ample options for a barn and paddocks. Oak trees dot the property, offering gentle shade and stunning sights. Located between both Ocala and Gainesville's extensive selections of shopping, dining, medical, and event options, this property is just waiting to be discovered!
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017