5500 SE 24TH STREET, OCALA, FL, 34480
Active1453 days on marketListed Aug 3, 2022MLS #OM643873
About this home
5500 SE 24TH STREET
Excellent residential subdivision development parcel located within established residential neighborhood. Land use provides for up to 270 units (8 units/acre), however, four to five units per acre for a non rental subdivision have a higher probability of zoning approvals. The property is currently zoned A-1 Agriculture and will need to be rezoned to PUD with Marion County. Close to Maplewood Elementary (1.2 miles) and Forest High School (2.7 miles). Publix, the YMCA, Zaxby's, Dunkin Donuts, Sonic, McDonalds, Planet Fitness, Starbucks and Chase Bank are a five to seven minute drive west. Jervey Gantt recreational park, Shocker baseball/softball park and the Baseline Trailhead to the Greenway are also within a five minute drive. Central water is located within 250'+/- along north boundary on SE 24th Street, sewer lines are 1,300'+/- west along Baseline Road. (See utility map.) Public records indicate no FEMA floodplain issues. Property provides three ingress/egress points for access. Sellers wish to retain three of the 37.78 acre parent parcel for private residence.
Facts & features
The home at a glance
34 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 — not generic estimates.
$14,833 /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
$14,833/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.
Where it sits
Inside Ocala
Get to know Ocala. See the full Ocala guide →
OCALA 34480 — neighborhood snapshot
Population
23,749
Median age
36.6
Median income
$75,334
Median home value
$248,400
Avg household
2.67
Households w/ children
3,190
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)
Median sold price, Ocala, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 774% above the OCALA 34480 median. See the full Ocala market guide →
Paper trail
This home's history
Reality check
What actually sold near 5500 SE 24TH STREET
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$98,000
3141 SE 42ND AVENUE
2 bd · 2 ba · 684 sqft · $143/sqft · 226 DOM
Sold · Apr ’26$140,000
4104 SE 33RD PLACE
2 bd · 2 ba · 820 sqft · $171/sqft · 44 DOM
Sold · Dec ’25$204,000
28 BANYAN PASS
2 bd · 2 ba · 1,114 sqft · $183/sqft · 3 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
Eric Chery
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5500 SE 24TH STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5500 SE 24TH STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Eric's phone and CRM.
Straight answers
5500 SE 24TH STREET FAQs
What would the monthly payment be for 5500 SE 24TH STREET?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $14,833/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 5500 SE 24TH STREET?+
The most recent tax bill on record (2021) was $3,636. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Ocala?+
At $2,490,000, this home is listed about 733% above the Ocala median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5500 SE 24TH STREET?+
Belleview Middle School (middle), Marion Oaks Elementary School (elementary), Belleview High School (high) — 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
$2,490,000 runs 774% above the OCALA 34480 median.
02Time on market is leverage
1453 days on market against a Ocala median of 43 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $3,400,000, now $2,490,000 — a $910K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of SVN MCDONALD & COMPANY · Bartow McDonald IV. MLS #OM643873.
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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