Sw 41st Court, Ocala, FL 34473

Property Description

Priced well under comparable lots on the street, and the reason is the opportunity. This oversized, wooded corner lot (.31 acre, 112 x 121) in Marion Oaks Unit 6 sits on a paved, county maintained street, zoned R-1 for a single family home, flood zone X, no HOA, no CDD. Corner means extra frontage, more light and flexibility in placing the home and driveway. Here is the deal: county water connection is required to build, and today that means extending the water main down SW 41st Ct (Marion County Utilities estimate approx. $43,000 to serve this lot alone, approx. $53,000 for both lots, private well not permitted, septic allowed). That cost is already baked into this price. Water main exists at both ends of the street and Marion County has an active water main extension program in Marion Oaks, so as homes get permitted around these lots the distance to the main shrinks. Buy now at a discount, hold, and let the neighborhood build toward you. Or fund the extension yourself and get paid back over time: under Marion County's benefitting lot reimbursement program, each neighboring lot along the new main that connects within 7 years pays a share back to whoever paid for the line (potentially around $5,000 from each connecting lot, roughly $10,000 to $40,000 total depending on how many of the lots along the main build), and that right transfers with the lots. The quarter acre lot right next door (Lot 21) is also for sale, and the seller will take $55,000 for both lots together, giving you over half an acre of contiguous land. Quick access to I-75 and CR 484, parks and the Marion Oaks Community Center close by, Ocala an easy drive. Low annual taxes make this an easy hold. Buyer to verify all utility requirements, costs, reimbursement terms and timelines directly with Marion County Utilities.