12854 SE 118TH TERRACE, OCKLAWAHA, FL, 32179
Active41 days on marketListed Sep 1, 2026MLS #OM731403
About this home
12854 SE 118TH TERRACE
Welcome to 12854 SE 118th Terrace in Ocklawaha, Florida, a custom-built 3-bedroom, 2.5-bath home offering a unique combination of comfortable living, extensive recent updates, and access to beautiful Lake Weir. One of the property's standout features is fractional ownership in a private shared Lake Weir waterfront lot featuring a sandy beach area, dock, large recreation space, and opportunities for boating, jet skis, fishing, and enjoying the Florida lake lifestyle. Inside, the thoughtfully designed floor plan features a welcoming living room with a natural fireplace, a ceramic-tile dining and breakfast area, and a spacious kitchen with 42-inch cabinetry, stainless steel appliances, electric range, and garbage disposal. The appliances were recently replaced, adding another valuable update to the home. All three bedrooms feature carpeting and ceiling fans, while the primary suite includes a private ensuite bathroom and walk-in closet. Six-panel interior doors, blinds, window treatments, dimmer switches, ceramic tile in the shared bathroom, and a stackable washer and dryer add to the home's functionality and comfort. Major recent improvements provide additional peace of mind, including a new 2026 roof, fresh exterior paint, updated mechanical and water systems, upgraded attic insulation, and brand-new irrigation systems serving both the front and back yards. Professionally landscaped grounds complement the home's curb appeal, while a two-car garage and storage shed provide additional convenience and storage. The Lake Weir access is what truly sets this property apart. The shared waterfront area provides a private beach, dock access, room for recreation, and options for accommodating a boat or personal watercraft, subject to applicable rules and approvals. Lake Weir is well known for boating, fishing, and waterfront recreation, giving you the benefits of lake life while maintaining the space and privacy of a residential property. Outdoor enthusiasts will also appreciate the home's proximity to Carney Island Recreation & Conservation Area, offering even more opportunities to enjoy the natural beauty of the Lake Weir area. Whether you're searching for a primary residence, a Central Florida getaway, or an Ocklawaha home with Lake Weir access, 12854 SE 118th Terrace delivers a hard-to-find combination of a custom floor plan, significant recent improvements, private shared waterfront amenities, and the relaxed Florida lifestyle. **Furniture is negotiable**, providing an opportunity for buyers looking for a more streamlined move. Schedule your private showing and discover what makes this Lake Weir property special.
Facts & features
The home at a glance
3
Bedrooms
2.5
Bathrooms
1,712
Sqft
0.33 ac
Lot size
2
Garage
2007
Year built
One
Levels
$216
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 — not generic estimates.
$2,872 /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
$2,872/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
+6.9%
$/sqft vs Ocklawaha actives
$216 vs $187
Days on market
41 vs 77 typical
Where $216/sqft sits among the 147 Ocklawaha 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 Ocklawaha
Get to know Ocklawaha. See the full Ocklawaha guide →
OCKLAWAHA 32179 — neighborhood snapshot
Population
9,051
Median age
46.8
Median income
$48,214
Median home value
$162,700
Avg household
2.38
Households w/ children
872
For the school run
Marion County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Ocklawaha market
$250K → $240K
Ocklawaha median sold, yr/yr
97.5%
Sale-to-list ratio (12 mo)
63 of 147
Ocklawaha actives have cut their price
Median sold price, Ocklawaha, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 957% above the OCKLAWAHA 32179 median. See the full Ocklawaha market guide →
Paper trail
This home's history
Reality check
What actually sold near 12854 SE 118TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$349,000
12620 SE MARICAMP ROAD
3 bd · 2 ba · 1,684 sqft · $207/sqft · 28 DOM
Sold · Apr ’26$235,000
12275 SE 113TH TERRACE
3 bd · 2.5 ba · 1,620 sqft · $145/sqft · 6 DOM
Sold · Mar ’26$170,000
10905 SE 127TH LANE
3 bd · 2 ba · 1,614 sqft · $105/sqft · 261 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
Kathy Miller
real estate agent · CENTURY 21 Edge
Tours, negotiation, and every question about 12854 SE 118TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 12854 SE 118TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Kathy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
12854 SE 118TH TERRACE FAQs
What would the monthly payment be for 12854 SE 118TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,872/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 12854 SE 118TH TERRACE?+
The most recent tax bill on record (2025) was $4,455. 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 12854 SE 118TH TERRACE?+
The listing reports pets: Cats OK, Dogs OK, 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 Ocklawaha?+
At $369,900, this home is listed about 38% above the Ocklawaha median of $267,995. The market section on this page shows how the area is trending.
Which schools are assigned to 12854 SE 118TH TERRACE?+
Stanton-Weirsdale Elementary School (elementary), Lake Weir High School (high), Lake Weir 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
01Positioned at the premium end
$369,900 runs 957% above the OCKLAWAHA 32179 median.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03The price has already moved
Listed at $379,900, now $369,900 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of EXP REALTY LLC · Garrett Huffman. MLS #OM731403.
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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