A 40-acre farm in the west part of Marion County was just sold for $1.2 million on the same day that another large farm was sold in Ocala for a similar amount.
Katherine M. Markwich sold the property to Gregory B. Kite and Renee R. Rains for $1,200,000 on June 22, according to a deed filed with the Marion County Clerk of Courts.
The property is situated along the Morriston farm corridor within a region of North Central Florida known for its soil suited for pastures, cattle, and equestrian use. The acreage sits a few minutes from both the World Equestrian Center and HITS.
The fully fenced land features established pasture and multiple agricultural outbuildings, including a 40×30 pole barn, a carport, a storage shed, and a detached garage equipped with power and water that is pre-plumbed for potential future living quarters.
The main residence on the property is a three-bedroom, two-bathroom home with a split floor plan. The house includes a Florida room, front and rear porches overlooking the pasture, and an attached two-car garage with a half bath and shower. Recent updates to the property include a 2023 roof, 2025 exterior paint, two water heaters, and a full-house generator.
The sale of the farm comes amidst several similar large real estate transactions in Marion County this year.
In fact, on the same day as the sale of the large property in Morriston, a 10-acre horse farm in Ocala was sold for $1.5 million.
A nearly 24-acre estate was sold for $2.45 million at the beginning of May, and an equestrian who competed in the most recent Summer Olympics sold her nearly 61-acre compound for $4.45 million in late April.
Furthermore, an equestrian granddaughter purchased half of her family’s large ranch in Marion County for $1.5 million in March, and a 27-acre horse farm with a variety of upgrades was sold for $6.1 million at the beginning of the year, more than quadrupling its 2020 sales’ price.
In addition to these sales, the World Equestrian Center has also been an active purchaser of horse farms around Ocala.
Over the past six months, WEC has purchased three separate equestrian properties for over $13 million. All three sites are in close proximity to their facility, which is located at 1750 NW 80th Avenue in Ocala.
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