$166,900
as of Sep 24, 2026
3 Beds
2 Baths
1,500 sqft
480 Water Pl, Ocala, FL 34472
Home Highlights
Single-Family Home
1,500 sqft
$111/sqft
Attached Garage
Local Information
- Map ViewExplore the area around 480 Water Pl.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
What's unique:Freshly painted interiorTile flooring throughoutGarage adds convenience
Charming 3-Bedroom, 2-Bathroom Home in Ocala, FL
Welcome to 480 Water Place, Ocala, FL, a well-maintained 3-bedroom, 2-bathroom home offering a comfortable and functional layout ideal for everyday living.
This home features a bright, open living and dining area with plenty of natural light, creating a welcoming space for relaxing or entertaining. The kitchen offers ample cabinet space to meet your daily cooking needs.
The primary bedroom includes a private en-suite bathroom, while two additional bedrooms provide flexibility for guests, a home office, or family use. A garage adds convenience, and the large, fenced backyard provides plenty of space for outdoor enjoyment, privacy, and relaxation.
Property Highlights
3 Bedrooms | 2 Bathrooms
Freshly painted interior
Tile flooring throughout
Open living & dining area with natural light
Spacious kitchen with ample cabinets
Garage
Large fenced backyard
Quiet, established neighborhood
Convenient access to shopping, schools, parks, and major roads
A great opportunity to enjoy comfortable living in Ocala.
These standards apply uniformly to all applicants in compliance with Federal and Florida Fair Housing laws. All applications are evaluated using the same written criteria. Meeting minimum requirements does not guarantee approval.
1. Application Process
All occupants aged 18 or older must submit a separate application through Zillow.
Government-issued photo identification is required.
Applications must be fully completed to be processed.
Applications are reviewed only after all required documentation and screening reports are received.
A property showing does not guarantee availability or approval.
2. Income Requirements
Gross household income must equal at least three (3) times the monthly rent.
Income must be verifiable through one of the following:
o Most recent 30 days of pay stubs: OR
o Employer verification; OR
o Most recent 2 years of tax returns (self-employed); OR
o Six (6) months of bank statements (self-employed).
Income must be stable and ongoing.
Failure to meet income requirements will result in denial.
3. Multiple Applicant Policy
Income may be combined to meet the minimum income requirement.
However, each applicant must individually meet all credit, rental history, background, and screening requirements.
If any applicant fails to meet the written criteria, the entire application will be denied.
4. Rental History Requirements
The following will result in denial:
Any eviction judgment within the past five (5) years.
Two (2) or more landlord-tenant court filings within the past five (5) years, including eviction filings or rent-related court actions, regardless of disposition.
Any outstanding landlord collection or unpaid rental-related debt.
Negative landlord reference for nonpayment or lease violation within the past five (5) years.
5. Credit Requirements
Minimum credit score required: 600.
Applications with credit scores below 600 will be denied.
Any open landlord collection account will result in denial.
Any unpaid rental-related judgment will result in denial.
Two (2) or more 60-day late payments within the past 12 months will result in denial.
Active bankruptcy not discharged will result in denial.
No exceptions to the minimum credit score requirement.
6. Security Deposit Structure
Standard security deposit: $1600.00.
No deviations from this structure.
Florida law permits security deposits exceeding one month's rent.
Security deposits will be handled in accordance with Florida Statute 83.49.
7. Credit & Background Report Completion
A completed credit and background screening report through Zillow is required for all applicants.
If the credit or background report cannot be generated due to failure to provide required identification information (including Social Security Number verification), the application will be considered incomplete.
Incomplete screening reports will result in denial.
Applications will not be reviewed without a fully generated screening report.
8. Criminal Background Screening
Criminal history is evaluated in compliance with Fair Housing guidance.
Automatic denial applies only to:
Convictions for manufacture or distribution of controlled substances within the past five (5) years.
Convictions for violent felony offenses within the past seven (7) years.
All other criminal history is evaluated based on nature, severity, and time since disposition.
9. Move-In Timeline
Approved applicants must take physical possession of the property within thirty (30) days of approval unless otherwise agreed in writing.
10. Occupancy Standards
Occupancy is limited to two (2) people per bedroom unless otherwise permitted by law.
11. Pets
two Pets are permitted only if stated in the listing.
Pet fees and restrictions apply.
Assistance animals are not considered pets and will be processed in accordance with Fair Housing laws.
12. Equal Housing Opportunity
We do not discriminate based on race, color, religion, sex, disability, familial status, national origin, or any other protected class under federal or Florida law.
All applicants are evaluated using the same written criteria.
13. Adverse Action Notice
If an application is denied based in whole or in part on information obtained from a consumer reporting agency, the applicants will receive an adverse action notice in compliance with the Fair Credit Reporting Act (FCRA).
14. Approval, Lease Execution & Reservation Policy
Lease Execution Requirement
Once approved, applicants must:
Execute the lease agreement within seventy-two (72) hours of approval notification; and
Pay the required security deposit at the time of lease signing.
The property will remain actively marketed until both the lease is signed and the security deposit is received.
Failure to complete lease execution and deposit payment within seventy-two (72) hours will result in withdrawal of approval.
Optional Reservation of Property
If an approved applicant requests additional time before signing the lease:
A written Security Deposit Reservation Agreement must be signed; and
The full security deposit must be paid to reserve the property.
The lease agreement must be executed within seven (7) calendar days of reservation deposit payment.
The property will only be removed from the market after the reservation agreement is signed and funds are received.
Reservation Deposit Policy
If the applicant:
Fails to execute the lease within the seven (7) day reservation period, OR
Voluntarily withdraws after signing the Security Deposit Reservation Agreement,
The reservation deposit will be retained as liquidated damages for removal of the property from the market and loss of rental opportunity.
If the lease is executed, the reservation deposit will be applied toward the required security deposit under the lease.
Multiple Qualified Applicants Policy
If multiple applicants meet all written rental qualification standards, the property will be offered to the first applicant who:
Submits a complete application;
Meets all minimum income, credit, rental history, and background requirements; and
Executes the lease agreement and remits the required security deposit within the specified timeframe.
The property is not considered reserved until the lease is fully executed and the security deposit has been received.
If an approved applicant fails to execute the lease and remit the deposit within seventy-two (72) hours (or within the approved reservation period, if applicable), approval may be withdrawn and the property may be offered to the next qualified applicant.
All applicants are evaluated and processed using the same written standards.
02/25/26
Welcome to 480 Water Place, Ocala, FL, a well-maintained 3-bedroom, 2-bathroom home offering a comfortable and functional layout ideal for everyday living.
This home features a bright, open living and dining area with plenty of natural light, creating a welcoming space for relaxing or entertaining. The kitchen offers ample cabinet space to meet your daily cooking needs.
The primary bedroom includes a private en-suite bathroom, while two additional bedrooms provide flexibility for guests, a home office, or family use. A garage adds convenience, and the large, fenced backyard provides plenty of space for outdoor enjoyment, privacy, and relaxation.
Property Highlights
3 Bedrooms | 2 Bathrooms
Freshly painted interior
Tile flooring throughout
Open living & dining area with natural light
Spacious kitchen with ample cabinets
Garage
Large fenced backyard
Quiet, established neighborhood
Convenient access to shopping, schools, parks, and major roads
A great opportunity to enjoy comfortable living in Ocala.
These standards apply uniformly to all applicants in compliance with Federal and Florida Fair Housing laws. All applications are evaluated using the same written criteria. Meeting minimum requirements does not guarantee approval.
1. Application Process
All occupants aged 18 or older must submit a separate application through Zillow.
Government-issued photo identification is required.
Applications must be fully completed to be processed.
Applications are reviewed only after all required documentation and screening reports are received.
A property showing does not guarantee availability or approval.
2. Income Requirements
Gross household income must equal at least three (3) times the monthly rent.
Income must be verifiable through one of the following:
o Most recent 30 days of pay stubs: OR
o Employer verification; OR
o Most recent 2 years of tax returns (self-employed); OR
o Six (6) months of bank statements (self-employed).
Income must be stable and ongoing.
Failure to meet income requirements will result in denial.
3. Multiple Applicant Policy
Income may be combined to meet the minimum income requirement.
However, each applicant must individually meet all credit, rental history, background, and screening requirements.
If any applicant fails to meet the written criteria, the entire application will be denied.
4. Rental History Requirements
The following will result in denial:
Any eviction judgment within the past five (5) years.
Two (2) or more landlord-tenant court filings within the past five (5) years, including eviction filings or rent-related court actions, regardless of disposition.
Any outstanding landlord collection or unpaid rental-related debt.
Negative landlord reference for nonpayment or lease violation within the past five (5) years.
5. Credit Requirements
Minimum credit score required: 600.
Applications with credit scores below 600 will be denied.
Any open landlord collection account will result in denial.
Any unpaid rental-related judgment will result in denial.
Two (2) or more 60-day late payments within the past 12 months will result in denial.
Active bankruptcy not discharged will result in denial.
No exceptions to the minimum credit score requirement.
6. Security Deposit Structure
Standard security deposit: $1600.00.
No deviations from this structure.
Florida law permits security deposits exceeding one month's rent.
Security deposits will be handled in accordance with Florida Statute 83.49.
7. Credit & Background Report Completion
A completed credit and background screening report through Zillow is required for all applicants.
If the credit or background report cannot be generated due to failure to provide required identification information (including Social Security Number verification), the application will be considered incomplete.
Incomplete screening reports will result in denial.
Applications will not be reviewed without a fully generated screening report.
8. Criminal Background Screening
Criminal history is evaluated in compliance with Fair Housing guidance.
Automatic denial applies only to:
Convictions for manufacture or distribution of controlled substances within the past five (5) years.
Convictions for violent felony offenses within the past seven (7) years.
All other criminal history is evaluated based on nature, severity, and time since disposition.
9. Move-In Timeline
Approved applicants must take physical possession of the property within thirty (30) days of approval unless otherwise agreed in writing.
10. Occupancy Standards
Occupancy is limited to two (2) people per bedroom unless otherwise permitted by law.
11. Pets
two Pets are permitted only if stated in the listing.
Pet fees and restrictions apply.
Assistance animals are not considered pets and will be processed in accordance with Fair Housing laws.
12. Equal Housing Opportunity
We do not discriminate based on race, color, religion, sex, disability, familial status, national origin, or any other protected class under federal or Florida law.
All applicants are evaluated using the same written criteria.
13. Adverse Action Notice
If an application is denied based in whole or in part on information obtained from a consumer reporting agency, the applicants will receive an adverse action notice in compliance with the Fair Credit Reporting Act (FCRA).
14. Approval, Lease Execution & Reservation Policy
Lease Execution Requirement
Once approved, applicants must:
Execute the lease agreement within seventy-two (72) hours of approval notification; and
Pay the required security deposit at the time of lease signing.
The property will remain actively marketed until both the lease is signed and the security deposit is received.
Failure to complete lease execution and deposit payment within seventy-two (72) hours will result in withdrawal of approval.
Optional Reservation of Property
If an approved applicant requests additional time before signing the lease:
A written Security Deposit Reservation Agreement must be signed; and
The full security deposit must be paid to reserve the property.
The lease agreement must be executed within seven (7) calendar days of reservation deposit payment.
The property will only be removed from the market after the reservation agreement is signed and funds are received.
Reservation Deposit Policy
If the applicant:
Fails to execute the lease within the seven (7) day reservation period, OR
Voluntarily withdraws after signing the Security Deposit Reservation Agreement,
The reservation deposit will be retained as liquidated damages for removal of the property from the market and loss of rental opportunity.
If the lease is executed, the reservation deposit will be applied toward the required security deposit under the lease.
Multiple Qualified Applicants Policy
If multiple applicants meet all written rental qualification standards, the property will be offered to the first applicant who:
Submits a complete application;
Meets all minimum income, credit, rental history, and background requirements; and
Executes the lease agreement and remits the required security deposit within the specified timeframe.
The property is not considered reserved until the lease is fully executed and the security deposit has been received.
If an approved applicant fails to execute the lease and remit the deposit within seventy-two (72) hours (or within the approved reservation period, if applicable), approval may be withdrawn and the property may be offered to the next qualified applicant.
All applicants are evaluated and processed using the same written standards.
02/25/26
480 Water Pl, Ocala, FL 34472 is a 3 bedroom, 2 bathroom, 1,500 sqft single-family home. It last sold for $45,000 on Aug 8, 2016 (2,951% above the $1,475 asking price). More recently, it was listed as a rental in December 2025 with an asking price of $1,599 per month. That rental listing was removed on April 14, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $166,900, with a rent estimate of $1,672/month.
Home Details for 480 Water Pl
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Heating & Cooling Heating: Heat PumpAir ConditioningCooling System: Central AirHeating Fuel: Heat Pump |
Appliances & Utilities Refrigerator |
Levels, Entrance, & Accessibility Floors: Tile |
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Property Type / Style Property Type: Single Family Home |
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Lease Term: 1 Year |
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Exterior Home Features Lawn |
Parking & Garage Parking: Attached, On Site |
Comparable Sales for 480 Water Pl
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.14 | Single-Family Home | $135,000 | 05/28/26 | 3 | 2 | 1,436 sqft | |
0.23 | Single-Family Home | $100,000 | 07/09/26 | 3 | 2 | 1,228 sqft | |
0.15 | Single-Family Home | $215,000 | 08/10/26 | 3 | 2 | 1,348 sqft | |
0.06 | Single-Family Home | $209,900 | 08/21/26 | 2 | 2 | 1,259 sqft | |
0.21 | Single-Family Home | $205,000 | 07/24/26 | 3 | 2 | 1,275 sqft | |
0.29 | Single-Family Home | $179,000 | 05/04/26 | 3 | 2 | 1,356 sqft | |
0.29 | Single-Family Home | $210,000 | 06/30/26 | 3 | 2 | 1,449 sqft | |
0.48 | Single-Family Home | $80,000 | 05/20/26 | 3 | 2 | 1,228 sqft | |
0.28 | Single-Family Home | $10,100 | 07/10/26 | 3 | 2 | 1,336 sqft | |
0.30 | Single-Family Home | $103,000 | 04/02/26 | 2 | 2 | 1,204 sqft |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in Ocala
Last updated Sep 2026
Trulia Rent Estimate$1,672/mo
Average rent
$1.7K
Available listings
1075
Around this home
What Locals Say about Ocala
At least 1455 Trulia users voted on each feature.
88 % Say car is needed
82 % Say parking is easy
82 % Say yards are well-kept
78 % Say it's dog friendly
73 % Say there's holiday spirit
69 % Say it's quiet
56 % Say kids play outside
51 % Say people would walk alone at night
50 % Say there's wildlife
50 % Say they plan to stay for at least 5 years
48 % Say neighbors are friendly
39 % Say streets are well-lit
36 % Say there are sidewalks
36 % Say it's walkable to grocery stores
28 % Say it's walkable to restaurants
24 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Price and Tax history
| Date | Event | Price |
|---|---|---|
Apr 14, 2026 Source: Zillow Rentals | ListingRemoved | $1,475 |
Mar 30, 2026 Source: Zillow Rentals | PriceChange | $1,475 Price decreased by 5% |
Feb 11, 2026 Source: Zillow Rentals | PriceChange | $1,550 Price decreased by 3% |
Dec 20, 2025 Source: Zillow Rentals | Listed For Rent | $1,599 |
Feb 24, 2025 Source: Zillow Rentals | ListingRemoved | $1,599 |
Jan 3, 2025 Source: Zillow Rentals | Listed For Rent | $1,599 |
Dec 10, 2024 Source: Zillow Rentals | ListingRemoved | $1,599 |
Nov 19, 2024 Source: Zillow Rentals | Listed For Rent | $1,695 |
Jan 11, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Jan 9, 2022 Source: Zillow Rental Manager | Listed For Rent | $1,475 |
Mar 21, 2021 Source: Zillow Rental Manager | ListingRemoved | |
Mar 11, 2021 Source: Zillow Rental Manager | Listed For Rent | $1,150 |
Aug 8, 2016 Source: Stellar MLS #OM502891 | Sold | $45,000 |
Jul 26, 2016 Source: Agent Provided | Pending | $55,900 |
Jun 22, 2016 Source: Agent Provided | Listed For Sale | $55,900 |
Mar 26, 2004 Source: N/A | Sold | $62,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,849 | $153,863 |
Home facts updated by county records
Frequently asked questions about 480 Water Pl
- What is 480 Water Pl estimated to be worth?Trulia's estimated value for 480 Water Pl in Ocala, FL is $166,900.
- What is the price history for 480 Water Pl?480 Water Pl in Ocala, FL last sold for $45,000 in August 2016.
- Is Ocala a buyer's or seller's market?Ocala is currently a buyer's market, based on recent for-sale activity.
- What's the median sale price in Ocala?The median sale price in Ocala is $258K. That is down $1.33K from the prior month.
- Does 480 Water Pl have air conditioning?Yes, 480 Water Pl in Ocala, FL has air conditioning.
- Does 480 Water Pl have parking?Yes, 480 Water Pl in Ocala, FL has on-site parking.
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Affordability
TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
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Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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