7885 MIDWAY DRIVE TERRACE UNIT E101, OCALA, FL, 34472
Pending168 days on marketListed Feb 16, 2026MLS #OM718832
About this home
7885 MIDWAY DRIVE TERRACE UNIT E101
Bright and cheerful furnished 2 bedroom/2 bathroom first-floor condo in Derby Downs, a welcoming 55+ community! Move-in ready and turn-key, including linens, dishes, and more, with maintenance-free living. Enjoy new laminate flooring in the main living areas and a beautiful pond just steps away, perfect for relaxing or taking a stroll. The primary bedroom features an ensuite bathroom, and the indoor laundry includes a washer and dryer. A reserved parking spot is just steps from the front door, with additional guest parking nearby. Residents can enjoy the Silver Springs Shores Community Center just 1/2 mile away, with swimming pools, basketball, pickleball, and tennis courts for fun and socializing. HOA fees cover roof upkeep, exterior building repairs and painting, lawn maintenance and landscaping, irrigation, pest control, and trash service. This peaceful and friendly neighborhood is conveniently located near shopping, dining, parks, and just minutes from Lake Weir. Schedule your tour today!
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
840
Sqft
0.01 ac
Lot size
1987
Year built
One
Levels
$149
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.
$1,480 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$1,480/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
vs edgeAI estimate
+14.1%
$/sqft vs Ocala actives
$149 vs $181
Days on market
168 vs 43 typical
Where $149/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 34472 — neighborhood snapshot
Population
34,665
Median age
40.1
Median income
$61,635
Median home value
$185,900
Avg household
2.67
Households w/ children
3,980
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 → $280K
Ocala median sold, yr/yr
97.4%
Sale-to-list ratio (12 mo)
155 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 42% below the OCALA 34472 median. See the full Ocala market guide →
Paper trail
This home's history
Reality check
What actually sold near 7885 MIDWAY DRIVE TERRACE UNIT E101
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$120,000
7947 MIDWAY DRIVE TERRACE UNIT I201 · same community
2 bd · 2 ba · 840 sqft · $143/sqft · 50 DOM
Sold · Jan ’26$132,000
7961 MIDWAY DRIVE TERRACE UNIT J102 · same community
2 bd · 2 ba · 840 sqft · $157/sqft · 196 DOM
Sold · Oct ’25$104,000
7874 MIDWAY DRIVE TERRACE UNIT V201 · same community
2 bd · 2 ba · 840 sqft · $124/sqft · 58 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
Cindy Fernandez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 7885 MIDWAY DRIVE TERRACE UNIT E101 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 7885 MIDWAY DRIVE TERRACE UNIT E101 — before you fall in love.
See it in person
Schedule a tour
Live availability from Cindy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
7885 MIDWAY DRIVE TERRACE UNIT E101 FAQs
What would the monthly payment be for 7885 MIDWAY DRIVE TERRACE UNIT E101?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,480/mo — principal and interest, the actual property-tax bill, the $338/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 7885 MIDWAY DRIVE TERRACE UNIT E101?+
The association fee works out to $338 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 7885 MIDWAY DRIVE TERRACE UNIT E101?+
The most recent tax bill on record (2025) was $2,295. 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 7885 MIDWAY DRIVE TERRACE UNIT E101?+
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 $124,900, this home is listed about 58% below the Ocala median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 7885 MIDWAY DRIVE TERRACE UNIT E101?+
Forest High School (high), Legacy Elementary School (elementary), Lake Weir Middle School (middle) — Marion County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the OCALA 34472 market on paper
$124,900 is 42% below the OCALA 34472 median of $215,000, and at $149/sqft it sits under the Ocala average of $204.
02Move-in furnished
The furniture conveys — a genuine head start for a second home or rental, and one less five-figure line item after closing.
03Time on market is leverage
168 days on market against a Ocala median of 43 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $135,000, now $124,900 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of RE/MAX ALLSTARS REALTY · Marcia Kasper. MLS #OM718832.
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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