63 LAKE WOOD CIRCLE
About This Property
Whether you choose to hold the land for your horses or design and build your dream home, the possibilities are plentiful. With its zoning, the property is also well-suited for a mini-farm, bring your animals or your ideas for growing your own food.
Ideally located in Ocala's highly desirable Horse Country, you'll enjoy convenient access to the World Equestrian Center and HITS, along with nearby feed and tack shops, veterinarians, and other essential equine services.
If you've been searching for your place in the Horse Capital of the World, this property is an excellent opportunity. Please note: HOA regulations do not allow manufactured or mobile homes on this property.
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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 |
|---|---|---|---|
| Sep 2, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$229,750
↓ $8K
(3.4%) | |
| Price Decreased | |||
| Mar 21, 2026 | Listed by HORIZON WEST REALTY | $237,850 | |
| Listed by HORIZON WEST REALTY | |||
| Jun 20, 2025 | Listed | $249,900 | |
| Listed | |||
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A great opportunity to build your dream home on this 2.5-acre lot that is mostly clean, yet beautifully surrounded by majestic trees. The property is fully fenced in with board-and-wire horse fencing and equipped with a well, underground electric, septic, and Spectrum cable and internet. Located in the desirable Deed-Restricted equestrian community of Meadow Wood Farms, which is known for its Mini-Farms and Custom-Built Homes. This property presents an exceptional opportunity for those with vision and ambition. Zoned A-1 with an unfinished 512 sq ft 1-bedroom and 1-bath structure on-site and just awaiting permits and your finishing touches. Whether you're dreaming of building a custom home or establishing a small farm, the flexible zoning offers numerous possibilities. Finish the building and use it or rent it while your custom home is being built. Ideally located in the heart of Ocala’s renowned Horse Country, where you'll enjoy easy access to the World Equestrian Center, HITS, and a wide range of equine amenities, including feed and tack shops, veterinary services, and training facilities that make this a prime location in the Horse Capital of the World®. The rear of this property borders protected Florida Water District land, ensuring privacy and seclusion. Membership in the HOA is optional.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017