INNOVATE Real Estate
Historic Cottage just a few blocks from the Ocala Downtown Square. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 2 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 3 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 4 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 5 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 6 of 45
Family Room. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 8 of 45
Formal Living Room. - 721 SE 5TH ST, OCALA
Living Room is open to Dining Room. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 11 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 12 of 45
Updated Kitchen. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 14 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 15 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 16 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 17 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 18 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 19 of 45
Primary Bedroom. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 21 of 45
One of two full bathrooms. - 721 SE 5TH ST, OCALA
Stairs to second floor. - 721 SE 5TH ST, OCALA
Large bedroom on second floor. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 25 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 26 of 45
Deck overlooking backyard. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 28 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 29 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 30 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 31 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 32 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 33 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 34 of 45
Storage Shed conveys with the property. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 36 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 37 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 38 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 39 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 40 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 41 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 42 of 45
Only 4 blocks to the Downtown Farm Market. - 721 SE 5TH ST, OCALA
Single Family Residence at 721 SE 5TH ST, OCALA, photo 44 of 45
Single Family Residence at 721 SE 5TH ST, OCALA, photo 45 of 45
45 photos

$374,900

721 SE 5TH ST
OCALA, FL 34471
Listed by Melissa Townsend · IT'S ALL ABOUT YOU...REAL ESTA
Bedrooms
4
Bathrooms
2
Living area
2,032 sqft
Year built
1918

About this home

RECENTLY IMPROVED PRICE! Located in Ocala’s Historic District and Golf Cart District, just 4 blocks from the Downtown Farm Market, this 2-story cottage is full of charm, character, and potential. The current floor plan configuration offers 3 bedrooms and 2 bathrooms, with the primary bedroom and both full baths on the first floor, plus 2 bedrooms and a bonus room upstairs. Original features include wood floors in many rooms, high ceilings, a fireplace in the formal living and dining area, and a double fireplace shared by the family room and primary bedroom. The cottage is positioned on the parcel with ample room for a future garage and/or pool. This home is ready for updates and restoration making it an exceptional opportunity for a buyer with vision to create a dream home in one of Ocala’s most sought-after historic neighborhoods.

Highlights

Fireplace

Property details

MLS #
MFROM722132
Property type
Single Family Residence
Subdivision
CALDWELLS ADD
Status
Active
Days on market
171
On market date
April 6, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.18 acres

Location

Get directions →
Loading map…

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
EIGHTH STREET ELEMENTARY SCHOOL
0.18 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
405
Student:teacher ratio
15.6:1
District
MARION
Middle
OSCEOLA MIDDLE SCHOOL
0.16 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.
0.62 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).

76
Walkable
out of 100
EPA National Walkability Index
12.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores8
Parks15
Schools20
Transit stops20
Pharmacies10

Market position

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

On the market 171 days -- 71 more days than OCALA's current average of 100 days.
For reference, the median list price across 4,934 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.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,408/mo
$74,980 down
$299,920 loan
Principal & interest$1,945
Property tax (est.)$312
Home insurance (est.)$150

Similar homes you might like

4501 SW 91ST LANE RD
New
$303,350
4501 SW 91ST LANE RD
OCALA, 34476
3 bd·2 ba·1,720 sqft
0 days on market
New construction
Listed by Gina Junglas, ADAMS HOMES REALTY INC
1413 SE 36TH AVE
New
$420,000
1413 SE 36TH AVE
OCALA, 34471
5 bd·3 ba·2,240 sqft
1 day on market
Pool
Listed by Nicole Salisbury, SELLSTATE NEXT GENERATION REALTY
5141 SW 111TH LANE RD
New
$400,000
5141 SW 111TH LANE RD
OCALA, 34476
3 bd·2 ba·2,079 sqft
1 day on market
Pool
Listed by Sascha Davis, EXP REALTY LLC
9798 SW 56TH CIR
New
$389,990
9798 SW 56TH CIR
OCALA, 34476
4 bd·3 ba·2,303 sqft
1 day on market
Listed by Latasha Smith, KELLER WILLIAMS CORNERSTONE RE
9070 SW 106TH AVE
New
$345,000
9070 SW 106TH AVE
OCALA, 34481
2 bd·2 ba·1,983 sqft
1 day on market
Listed by Solveig Cumston, REAL BROKER, LLC
4661 SW 83RD LOOP
New
$325,000
4661 SW 83RD LOOP
OCALA, 34476
4 bd·2 ba·2,180 sqft
0 days on market
Listed by Antoinette Vazquez, COLDWELL BANKER REALTY
10360 SW 106TH CT
New
$421,065
10360 SW 106TH CT
OCALA, 34481
2 bd·2 ba·1,718 sqft
1 day on market
New construction
Listed by Jason Taflinger, ON TOP OF THE WORLD REAL EST
10375 SW 107TH AVE
New
$421,030
10375 SW 107TH AVE
OCALA, 34481
2 bd·2 ba·1,718 sqft
1 day on market
New construction
Listed by Jason Taflinger, ON TOP OF THE WORLD REAL EST

Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 19 days ago.

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.