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Monday, December 11, 2023

Ocala horse farm sells for over ten times original sales price

A 25-acre horse farm in northwest Ocala was sold for $3.8 million last month, earning more than 13 times its original sales price in 2001.

Located at 7543 NW 69th Street, the 24.90-acre property was purchased in late August after spending just two months on the market over the summer.

25 acre farm sells for nearly quadruple 2020 sales price
An aerial view of the 24.9-acre horse farm located at 7543 NW 69th Street in Ocala

According to Marion County property records, the horse farm was sold in 2001 for $285,000. Three years later, the property was sold for $365,000, and it remained off the market for over a decade.

In 2020, the property was appraised at $1,075,000, and a home was built at the site the following year. It was originally listed for sale this past June for $3,875,000.

The property is located just north of the Ocala National Golf Club, about 10 minutes north of the World Equestrian Center. It features a 24-stall show barn, a 2-bay storage building, and a 4-bay pole barn, among other amenities.

The recently-built home features an open floor plan with high ceilings, a fireplace, a covered patio, and an entertainment area.

The horse farm is one of several properties in Ocala that have been listed for large amounts over the summer.

That includes a 5-acre property at 1300 SW 43rd Place in Polo Lane that was listed for $2.476 million in June. That property was eventually taken off the market last month.

A 4/4 in downtown Ocala was also listed for sale earlier this year for $970,000. The property last sold for $375,000 in 2016.