4537 NW 1ST TERRACE, OCALA, FL, 34475
Active148 days on marketListed Mar 9, 2026MLS #OM720431
About this home
4537 NW 1ST TERRACE
Located in the quiet and established St. James Park subdivision of Marion County, this acant lot offers a prime opportunity to build your perfect home! The community itself is known for its family-friendly atmosphere, featuring sidewalks and deed restrictions that protect property values. Situated just 3 miles from downtown Ocala, the location provides easy access to local dining, shopping, and professional medical facilities, while remaining close to North Florida's famous natural springs and outdoor recreation areas like Silver Springs State Park. Whether you are looking to build a primary residence or a strategic investment property, this lot combines a suburban feel with rapid accessibility to the heart of Ocala.
Facts & features
The home at a glance
0.13 ac
Lot size
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.
$426 /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
$426/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.
Where it sits
Inside Ocala
Get to know Ocala. See the full Ocala guide →
OCALA 34475 — neighborhood snapshot
Population
14,812
Median age
36.1
Median income
$33,515
Median home value
$170,300
Avg household
2.65
Households w/ children
1,649
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)
Median sold price, Ocala, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 87% below the OCALA 34475 median. See the full Ocala market guide →
Paper trail
This home's history
Reality check
What actually sold near 4537 NW 1ST TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$275,000
3827 St Marks Drive, Fort Pierce FL 34982 · same community
2 bd · 2 ba · 1,514 sqft · $182/sqft · 13 DOM
Sold · Feb ’26$292,000
19 NW 45TH LOOP · same community
4 bd · 2 ba · 1,683 sqft · $173/sqft · 157 DOM
Sold · Dec ’25$290,000
4370 NW 1ST COURT ROAD · same community
4 bd · 2 ba · 1,683 sqft · $172/sqft · 43 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
Erwin Vazquez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 4537 NW 1ST TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 4537 NW 1ST TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Erwin's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
4537 NW 1ST TERRACE FAQs
What would the monthly payment be for 4537 NW 1ST TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $426/mo — principal and interest, the actual property-tax bill, the $9/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 4537 NW 1ST TERRACE?+
The association fee works out to $9 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 4537 NW 1ST TERRACE?+
The most recent tax bill on record (2025) was $276. 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 4537 NW 1ST 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 $37,000, this home is listed about 88% below the Ocala median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 4537 NW 1ST TERRACE?+
Vanguard High School (high), Howard Middle School (middle) — Marion County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the OCALA 34475 market on paper
$37,000 is 87% below the OCALA 34475 median of $295,000.
02Time on market is leverage
148 days on market against a Ocala median of 48 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $43,000, now $37,000 — a $6K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL REALTY SOLD GUARANTEE · Brandt King. MLS #OM720431.
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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