5440 NE 31ST TERRACE, OCALA, FL, 34479
Active90 days on marketListed May 11, 2026MLS #O6402756
About this home
5440 NE 31ST TERRACE
One or more photo(s) has been virtually staged. Rarely does a property have this much flexibility, privacy and move-in-ready value in one setting. Privately positioned behind a gated entrance on 4.23 fully fenced acres, this equestrian-ready Ocala estate combines a beautifully updated 3,269-square-foot home with a four-stall concrete-block barn, two paddocks, a detached three-car garage and covered trailer or equipment storage—approximately 20 minutes from the World Equestrian Center. From the moment you arrive, the property feels private, peaceful and purpose-built for a buyer who wants more than a house. The expansive wraparound porch offers nearly 1,100 square feet of outdoor living space, creating the perfect setting for morning coffee, quiet evenings, entertaining or simply enjoying the acreage around you. Inside, the home blends character with modern upgrades. Ten-foot ceilings on both levels, a dramatic two-story foyer, custom iron railing, a stone fireplace and multiple living areas create a warm, inviting layout with room to live, work and entertain comfortably. The 2025 chef-inspired kitchen is designed to be the heart of the home, featuring quartz countertops, a large island, solid-wood cabinetry, farmhouse sink, beverage bar and premium 36-inch appliances. Major improvements have already been completed, giving the next owner the benefit of reduced near-term maintenance and fewer costly surprises. Updates include a 2023 roof, two HVAC systems replaced in 2025, updated water heaters and Energy Star windows installed in 2025 with a transferable warranty. Outside, the equestrian-ready setup provides the infrastructure buyers often spend years trying to create. The four-stall concrete-block barn, fenced paddocks, water access and generous trailer or equipment space make the property well suited for horses, livestock, hobby use, vehicle storage or a home-based business. Properties that combine acreage, usable equestrian infrastructure, substantial garage space and a fully updated residence are increasingly difficult to find—especially this close to Ocala amenities and the World Equestrian Center. This is not simply a home on acreage. It is a lifestyle property that is ready for its next chapter.
Facts & features
The home at a glance
3
Bedrooms
3
Bathrooms
3,269
Sqft
4.23 ac
Lot size
3
Garage
2002
Year built
Two
Levels
$356
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$7,286 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$7,286/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Ocala actives
$356 vs $186
Days on market
90 vs 52 typical
Where $356/sqft sits among the 400 Ocala actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Ocala
Get to know Ocala. See the full Ocala guide →
OCALA 34479 — neighborhood snapshot
Population
13,265
Median age
41.2
Median income
$54,805
Median home value
$190,400
Avg household
2.44
Households w/ children
1,553
For the school run
Marion County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Ocala market
$285K → $285K
Ocala median sold, yr/yr
97.4%
Sale-to-list ratio (12 mo)
170 of 400
Ocala actives have cut their price
Median sold price, Ocala, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 379% above the OCALA 34479 median. See the full Ocala market guide →
Paper trail
This home's history
Reality check
What actually sold near 5440 NE 31ST TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jun ’26$300,000
3278 NE 38TH LANE
4 bd · 3 ba · 2,170 sqft · $138/sqft · 147 DOM
Sold · Apr ’26$288,990
3741 NE 30TH TERRACE
4 bd · 2.5 ba · 1,879 sqft · $154/sqft · 8 DOM
Sold · May ’26$277,000
3236 NE 38TH LANE
4 bd · 2.5 ba · 1,879 sqft · $147/sqft · 70 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Zack Zonker
President Tampa Division · CENTURY 21 Edge
Tours, negotiation, and every question about 5440 NE 31ST TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5440 NE 31ST TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Zack's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5440 NE 31ST TERRACE FAQs
What would the monthly payment be for 5440 NE 31ST TERRACE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,286/mo — principal and interest, the actual property-tax bill, the $27/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 5440 NE 31ST TERRACE?+
The association fee works out to $27 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 5440 NE 31ST TERRACE?+
The most recent tax bill on record (2025) was $4,509. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 5440 NE 31ST TERRACE?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Ocala?+
At $1,165,000, this home is listed about 290% above the Ocala median of $298,888. The market section on this page shows how the area is trending.
Which schools are assigned to 5440 NE 31ST TERRACE?+
Anthony Elementary School (elementary), North Marion High School (high), North Marion Middle School (middle) — Marion County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of MAGNOLIA & MAIN REALTY ADVISORS LLC · Alissa Williams. MLS #O6402756.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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