INNOVATE Real Estate
Land at 727 SW 5TH ST, OCALA
Land at 727 SW 5TH ST, OCALA, photo 2 of 2
2 photos

$21,000

727 SW 5TH ST
OCALA, FL 34471
Listed by Maureen Marr · GREAT EXPECTATIONS REALTY, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Opportunity Zone Land — Prime Parcel in Ocala, FL Cleared land in an opportunity zone and a great location overlooking Legacy Park in central Ocala. Strategic residential location, close to The Downtown Square with strong growth, nearby amenities, and potential tax advantages for qualified investors. Mostly level, build-ready and cleared parcel.

Property details

MLS
Stellar MLS
MLS #
MFROM714462
Property type
Land
Subdivision
E G SMITH ADD
Status
Active
Days on market
141
On market date
December 7, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.11 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
MADISON STREET ACADEMY OF VISUAL AND PERFORMING ARTS
0.65 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
444
Student:teacher ratio
13.5:1
District
MARION
Middle
OSCEOLA MIDDLE SCHOOL
0.76 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
963
Student:teacher ratio
20.1:1
District
MARION
High
PACE CENTER FOR GIRLS INC.
0.74 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
42
Student:teacher ratio
14.0:1
District
MARION

Walkability

Blended score for OCALA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
15.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores9
Parks10
Schools20
Transit stops20
Pharmacies11

Market position

How this listing compares to current activity in OCALA, from live MLS data.

On the market 141 days -- 42 more days than OCALA's current average of 99 days.
For reference, the median list price across 5,185 active listings in OCALA right now is $249,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$276/mo
$4,200 down
$16,800 loan
Principal & interest$109
Property tax (est.)$18
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated April 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.