507 SE 40TH TERRACE, Ocala, FL 34471
OFF MARKET

$398,500

Trulia Estimate
  • 3 Beds
  • 3.5 Baths
  • 2,106 sqft (on 0.45 acres)

507 SE 40TH TERRACE, Ocala, FL 34471

Est. Refi. Payment $2,730/mo*
Refinance Your Home
Currently Off Market - Sold Jul 3, 2024 for $379,000

Home Value

Trulia Estimate
$399K
Since last month
Decreased$4K (-0.9%)
Since last year
Increased$31K (+8.5%)
Since last sale
Increased$21K (+5.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +105% in the last 10 years
MonthEstimated value
2026
September 2026$400K
August 2026$399K
July 2026$404K
June 2026$405K
May 2026$403K
April 2026$397K
March 2026$395K
February 2026$385K
January 2026$375K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
410 SE 41ST AVENUE, Ocala, FL
0.05
Single-Family Home
$310,000
04/15/26
3
2
1,750
320 SE 41ST AVENUE, Ocala, FL
0.07
Single-Family Home
$329,500
03/30/26
3
2
1,676
4218 SE 2ND LANE, Ocala, FL
0.19
Single-Family Home
$348,450
04/13/26
3
2
1,720
723 SE 40TH TERRACE, Ocala, FL
0.18
Single-Family Home
$340,000
05/27/26
3
2
1,540
4425 SE 2ND PLACE, Ocala, FL
0.42
Single-Family Home
$412,500
05/18/26
3
2.5
2,626
405 SE 43RD AVENUE, Ocala, FL
0.22
Single-Family Home
$470,000
11/18/25
3
2.5
2,662
3905 SE 7TH ST, Ocala, FL
0.22
Single-Family Home
$299,000
04/29/26
3
2
2,167
4110 SE 8TH STREET, Ocala, FL
0.27
Single-Family Home
$285,000
05/20/26
3
2
1,721
4315 SE 10TH PLACE, Ocala, FL
0.35
Single-Family Home
$264,999
06/03/26
3
2
2,494
1112 SE 44TH AVENUE, Ocala, FL
0.41
Single-Family Home
$425,000
05/19/26
4
3
2,551

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
542 SE 41ST AVENUE, Ocala, FL 34471
0.07
$609,600
5
4.5
3,900
Off Market
420 SE 41ST AVENUE, Ocala, FL 34471
0.03
$343,100
3
2
2,037
Off Market
410 SE 41ST AVENUE, Ocala, FL 34471
0.05
$310,000
3
2
1,750
Recently Sold
320 SE 41ST AVENUE, Ocala, FL 34471
0.07
$329,500
3
2
1,676
Recently Sold
4006 SE 6TH STREET, Ocala, FL 34471
0.12
$325,800
3
2
2,046
Off Market
630 SE 40TH TERRACE, Ocala, FL 34471
0.16
$304,500
4
2
1,720
Off Market
616 SE 40TH AVENUE, Ocala, FL 34471
0.14
$294,500
3
2
1,712
Off Market
4215 SE 6TH PLACE, Ocala, FL 34471
0.18
$583,900
5
3
3,769
Off Market
723 SE 40TH TERRACE, Ocala, FL 34471
0.18
$340,000
3
2
1,540
Recently Sold
711 SE 40TH AVENUE, Ocala, FL 34471
0.18
$310,000
3
2
2,248
Off Market
550 SE 39TH TERRACE, Ocala, FL 34471
0.18
$319,800
3
2
1,810
For Sale

Local Information

  • Map ViewExplore the area around 507 SE 40TH TERRACE.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1967
0.45 acre lot
2,106 sqft
$189/sqft

About this House

Home Warranty! Welcome home to this spacious 3 bedroom, 3 and a half bath home nestled on an almost half acre lot (.45ac) in the heart of SE Ocala, FL. When you arrive, you notice the oversized driveway with plenty of parking space. Step inside to discover a unique floor plan that maximizes space and functionality, offering endless possibilities for relaxation and entertainment, with everything updated and upgraded. You will see beautiful travertine floors, a kitchen to delight any culinary enthusiast, with plenty of cabinet space, granite counters, stainless appliances, plus a large farm sink with upgraded faucet. The kitchen and dining area look to the substantial wood burning fireplace, perfect for gatherings. Don't miss the spa like primary bathroom with a large soaking tub, enclosed shower area and upgraded finishes. Stepping out the back door, the property boasts a screen-enclosed pool, with a covered area to relax in any weather. This home invites you to indulge in luxurious outdoor living year-round with the pool area, plus an outdoor fire pit area and a covered structure for hanging out, work out space, the sky is the limit! The backyard is fenced. New roof 2021. New tankless water heater 2020. Home warranty offered for list price offers!
507 SE 40TH TERRACE, Ocala, FL 34471 is a 3 bedroom, 4 bathroom, 2,106 sqft single-family home built in 1967. It last sold for $379,000 on Jul 3, 2024 (2% below the $387,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $398,500, with a rent estimate of $3,274/month.
Last check for updates: about 1 hour ago
Listed by Courtney Moody, (352) 572-6940
NEXTHOME PROFESSIONAL REALTY, (352) 644-6398
Bought with: Paola Alarcon Rubio, (352) 362-9472, NEXTHOME VISION REALTY, (352) 685-5005
Originating MLS: Ocala - Marion
Source: Stellar MLS, MLS#OM675386
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website.
Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511

Home Details for 507 SE 40TH TERRACE

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Primary Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 2106 Square Feet
Appliances & Utilities
Utilities: Electricity Connected, Sewer Connected, Water ConnectedAppliances: Dishwasher, Disposal, Microwave, Range, RefrigeratorDishwasherDisposalLaundry: Laundry RoomMicrowaveRefrigerator
Heating & Cooling
Heating: Central,Electric,Natural GasHas CoolingAir Conditioning: Central Air,DuctlessHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Flooring: Engineered Hardwood, Tile, Travertine
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneFloors: Engineered Hardwood, Tile, Travertine
View
No View

Exterior Features

Exterior Home Features
Roof: ShingleExterior: OtherFoundation: SlabHas a Private Pool
Parking & Garage
No CarportNo Garage
Pool
Pool: In Ground, Salt Water, Screen EnclosurePool
Frontage
Road Surface Type: Asphalt, PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 35

Property Information

Year Built
Year Built: 1967
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Block, Vinyl SidingNot a New ConstructionNo Additional Parcels
Property Information
Condition: CompletedParcel Number: 2774003001

Price & Status

Price
List Price: $387,500
Status Change & Dates
Off Market Date: Thu May 02 2024

Active Status

MLS Status: Sold

Media

Location

Direction & Address
City: OCALACommunity: EASTWOOD PARK
School Information
Elementary School: Ward-Highlands Elem. SchoolJr High / Middle School: Fort King Middle SchoolHigh School: Forest High School

Building

Building Area
Building Area: 4028 Square Feet

Community

Not Senior Community

HOA

Association for this Listing: Ocala - MarionNo HOA

Lot Information

Lot Area: 0.45 acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash, Conventional

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: OM675386Showing Considerations: See RemarksShowing Requirements: ShowingTimeUniversal Property Id: US-12083-N-2774003001-R-N

Price and Tax history

DateEventPrice
Jul 3, 2024
Source: Stellar MLS #OM675386
Sold
$379,000
May 3, 2024
Source: Stellar MLS #OM675386
Pending
$387,500
Apr 24, 2024
Source: Stellar MLS #OM675386
PriceChange
$387,500
Price decreased by 2%
Mar 28, 2024
Source: Stellar MLS #OM675386
Listed For Sale
$395,000
Jul 15, 2021
Source: N/A
Sold
$311,500

Market trends in Ocala

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$258K
$1.33KMoM
Sale-to-List Price
97.9%
0.3%MoM
Price per sq ft
$160
$0MoM
Available listings
2437
31MoM

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.
  • Shirley Lewis
    "It's like a big cul-de-sac all roads connected in a circle only one way in and out. Large mature trees very safe and quiet neighborhood. "
    0
    Flag
  • Deloris B.
    ""My neighborhood has great access to public transportation, has many public parks, national parks and hidden treasures that provide lively activities in Ocala. From its lakes, secret beaches, springs, nature spots, museums, and downtown district. Also a safe area."
    4
    Flag
  • Deloris B.
    "I've lived in this neighborhood going on 3 years. My neighborhood has great access to public transportation, has many public parks, national parks and hidden treasures that provide lively activities in Ocala. From its lakes, secret beaches, springs, nature spots, museums, and downtown district. But mostly I feel safe, the neighbors look out fot each other and cameras everywhere ( lol)."
    0
    Flag
  • Deloris B.
    "My neighborhood has great access to public transportation, has many public parks, national parks and hidden treasures that provide lively activities in Ocala. From its lakes, secret beaches, springs, nature spots, museums, and downtown district." I've lived here for the past 3 years it's been great."
    0
    Flag
  • Nurseleemy
    "Children park and water pad close by. Plenty of hiking trails. Club house offers a variety of activities."
    1
    Flag
  • Darthwolf65
    "People need to be cautious and watching their pets more. To many cats and dogs getting out of the yards roaming around. This contributes to animal attacking people the pet does not know."
    3
    Flag
  • Tgray74
    "Horses and lots of animal lovers , very beautiful trails parks recreation for kids schools are awesome"
    1
    Flag
  • Latorya Katiba
    "Liberty park always has events for children. This is a great part of Ocala to reside. It is very peaceful."
    0
    Flag
  • Flcracker0216
    "Need to choose your schools. Looking around will definitely help your kids out in the classroom …….."
    0
    Flag
  • Meiryn Gracia
    "Amazing and calm place to live. Around nature and peaceful. Nice people and friendly. Good neighbors "
    1
    Flag
  • Trulia User
    "People walk dogs all the time and if any go missing it seems like the community works together in saving stray animals and finding the owners . I feel like animals a pretty welcome here .. everyone has animals here. "
    1
    Flag
  • Mary Mcginnis
    "Traffic is bad. Poor infrastructure and rampant development. Great horse country. Never see kids playing outdoors."
    0
    Flag
  • Trulia User
    "Getting around anywhere from here is great, im close by alot of stores only takes me 6-12 minutes publix, walmart, target, dollar store ! And my sons bus stop is practically in front of our house ! I love the convenience "
    1
    Flag
  • Felipe Gomez
    "The peaceful living you’ve been looking for laid back and relax…………………….. great place to raise a family "
    1
    Flag
  • Jessie Khalawan
    "Some people let their dogs run wild in the front of their homes but thankfully they tend to stay there. "
    1
    Flag
  • Tammie Young
    "They would like it but they all keep their dogs on a leash or in a dog house or in the backyard or in the yard or in the house or in the back of the yard "
    1
    Flag
  • Julie Ellis
    "Too much traffic too many other dogs being walked so you keep having to reroute yourself all the time because other dogs are coming at you and there’s just other cars coming down the road and it’s just a lot sometimes for dogs"
    1
    Flag
  • Maria Gonzalez
    "The neighborhood is pretty quiet. It does get really dark. Not enough street lights. With all the land being destroyed around us there are more and more sightings of bears etc. Always keep your pets on a leash and carry a blow horn, pepper spray and maybe even a taser. You never know is when you might have to try to rescue your fur baby. Better safe than sorry. "
    1
    Flag
  • Kjames81
    "I’ve lived in this neighborhood for about 15 years. I have only had my packages stolen once. It’s pretty clean and the neighbors are friendly."
    0
    Flag
  • Jethele
    "The area is beautiful with all the horse farms and all the agriculture in the surrounding areas. It is close to everything; beaches and theme parks."
    0
    Flag
  • Theegreenhuman
    "Down to Ocala in the parks and libraries put on many events for families and their children to attend all the time there’s always something happening and almost every store. You can see many of the vents advertise somewhere."
    0
    Flag
  • Oasis T.
    "Quiet neighborhood in the fastest growing area in the country. Peaceful street absent of traffic, crime, and rental properties. The residents of this neighborhood take pride, maintain, and upgrade their homes accordingly. Unlike the Shores or Marion Oaks where you will find an abundance of homes for sale, the turnover rate in this neighborhood is rare and the residents have all lived here for years."
    0
    Flag
  • Emmanuel Roman
    "My neighborhood has great access to public transportation, has many public parks, national parks and hidden treasures that provide lively activities in Ocala. From its lakes, secret beaches, springs, nature spots, museums, and downtown district."
    18
    Flag
  • Trulia User
    "Great place to live and this has to be the nicest weather in the entire country. It’s an affordable place to live in Florida "
    6
    Flag
  • Nick
    "Too many people have moved here and the traffic is awful!! DOT has not updated any roads or lights and a once 15 minute commute is now 45. "
    14
    Flag
  • Diane Perez
    "There are Not many sidewalks to walk on. There are a lot of grassy areas which is good, lots of dog friendly places too. "
    7
    Flag
  • Trulia User
    "What a great neighborhood to raise kids in plus the houses are affordable their sidewalks everywhere"
    3
    Flag
  • Amelia Secki
    "I’ve lived here my entire life. I was born in 2000 and am turning 24 in October. Ocala has some things for little children, but it mainly caters to the adult and wealthy populations (ie, downtown & WEC). There is little to nothing to do as a teenager/young adult, or a poor person, for free or low cost. Ocala’s refusal to cater to the young adult and poor population has been a very direct contributor to the rise of drug use and violent crime. "
    11
    Flag
  • Bolofamily
    "We have a community recreation center that has a gym, billiards, pickleball, basketball and tennis courts along with outdoor trail."
    3
    Flag
  • Modsires
    "Very neighborly area with great parks and convenient shopping. Safe area low crime. Very quiet and peaceful. Area is well liked by residents. Lots of pride of ownership. "
    2
    Flag
  • Trulia User
    "Lots for fur parents around here and lots of areas to walk them. There is also the 49th Trailhead hiking trails, there are paved walking trails. I ride my E-Trike from my house to the trailhead. "
    3
    Flag
  • Trulia User
    "There are friendly neighbors in our neighborhood and the parks are nice. The restaurants are 15-25 minutes away."
    0
    Flag
  • Trulia User
    "The weather here is amazing! The Neighborhood is a diverse area with many friendly people. Lots of people walk on the long sidewalk that rust along Marion Oaks Trail. There is also endless paved/dirt trails to ride on the Green Way. I ride my E-trike to the trailhead on 49th ave, it’s 10 minutes from my house, there is another trailhead near by as well. There’s a 2 story Publix, 711, hair place, nail place and a Walmart within 5 miles from here. Plus the Beach is 45 minutes away. The Rainbow River is 20 minutes away And they are all super easy to find. "
    1
    Flag
  • Shannonlamarche
    "There is public transportation if you are in to that sort of thing. There are many sidewalks and the neighborhood is also golf cart friendly."
    1
    Flag
  • Kim Martin
    "I love my neighborhood I have lived here six years and everyone is friendly and looks out for each other."
    1
    Flag
  • Janmorin
    "It’s a planned unit development that is well managed and great for 55+ residents. Many activities are available for folks to take part in. It’s one of the largest such communities in central Florida. "
    0
    Flag
  • Angelfury3
    "you need a car to get around there’s not shops close by. Bus route is close within walking distance "
    0
    Flag
  • Denise N.
    "peaceful and easy. nothing is far. and we have the new world equestrian center opening soon. it will be a amazing place to live. "
    0
    Flag
  • Trulia User
    "I've lived in this neighborhood for 12yrs and I love it The people here are very friendly and looks out for one another "
    0
    Flag
  • Sonyayyoung
    "Live close to the drive in theater, walking track within a mile. And close to Publix and shops. Love the convenience. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 507 SE 40TH TERRACE

  • What is 507 SE 40TH TERRACE estimated to be worth?
    Trulia's estimated value for 507 SE 40TH TERRACE in Ocala, FL is $398,500.
  • What is the price history for 507 SE 40TH TERRACE?
    507 SE 40TH TERRACE in Ocala, FL last sold for $379,000 in July 2024.
  • 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 507 SE 40TH TERRACE have air conditioning?
    Yes, 507 SE 40TH TERRACE in Ocala, FL has air conditioning.
  • Does 507 SE 40TH TERRACE have a pool?
    Yes, 507 SE 40TH TERRACE in Ocala, FL has a pool.

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