For sale

$399,900

721 SE 5TH STREET, OCALA, FL 34471

4beds

2,032sqft

$2,633/mo

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Single Family Residence

Built in 1918

7,841 Square Feet Lot

$384,500 Zestimate^®

$197/sqft

$-- HOA

What's special

High ceilings

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.

137 days

602

37

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bonus Room

Primary bedroom

Features: Walk-In Closet(s)
Level: First
Area: 217 Square Feet
Dimensions: 15.5x14

Dining room

Level: First
Area: 92 Square Feet
Dimensions: 11.5x8

Family room

Level: First
Area: 186 Square Feet
Dimensions: 12x15.5

Kitchen

Level: First
Area: 166.63 Square Feet
Dimensions: 15.5x10.75

Living room

Level: First
Area: 189.88 Square Feet
Dimensions: 15.5x12.25

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Laundry: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup

Features

Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Flooring: Carpet, Laminate, Tile, Hardwood
Windows: Window Treatments
Has fireplace: Yes
Fireplace features: Family Room, Living Room, Master Bedroom

Interior area

Total structure area: 2,167
Total interior livable area: 2,032 sqft

Video & virtual tour

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Property

Parking

Parking features: Driveway, On Street
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Front Porch
Exterior features: Awning(s), Private Yard, Sidewalk
Fencing: Chain Link,Fenced,Other

Lot

Size: 7,841 Square Feet
Dimensions: 70 x 115
Features: Historic District, City Lot, Landscaped, Sidewalk
Residential vegetation: Mature Landscaping, Trees/Landscaped

Details

Additional structures: Storage
Parcel number: 2820030005
Zoning: R3
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage,Historical
Property subtype: Single Family Residence

Materials

Wood Frame, Wood Siding
Foundation: Crawlspace, Pillar/Post/Pier
Roof: Shingle

Condition

New construction: No
Year built: 1918

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

Community & HOA

Community

Features: Golf Carts OK, Park, Playground, Sidewalks, Tennis Court(s)
Pet fee: $0 monthly
Subdivision: CALDWELLS ADD

HOA

Has HOA: No

Location

Region: Ocala

Financial & listing details

Price per square foot: $197/sqft
Tax assessed value: $360,349
Annual tax amount: $5,554
Date on market: 4/6/2026
Cumulative days on market: 52 days
Listing terms: Cash
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Paved, Asphalt

Estimated market value

$384,500

$365,000 - $404,000

$2,133/mo

Price history

Date	Event	Price
5/18/2026	Price change	$399,900-5.9%$197/sqft
Source: Stellar MLS #OM722132 Report a problem
4/6/2026	Listed for sale	$424,900+553.7%$209/sqft
Source: Stellar MLS #OM722132 Report a problem
12/22/2000	Sold	$65,000$32/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,554 +6.5%	$269,276 +10%
2024	$5,216 +2%	$244,796 +10%
2023	$5,115 +26.1%	$222,542 +10%
2022	$4,057 +11.3%	$202,311 +10%
2021	$3,644 +16.1%	$183,919 +10%
2020	$3,138 +8.4%	$167,199 +10%
2019	$2,895	$151,999 +6.5%
2018	$2,895 +24.8%	$142,713 +13.6%
2017	$2,320 +65.4%	$125,619 +2%
2016	$1,403	$123,137 +8.9%
2015	$1,403 +9.4%	$113,092 +0.8%
2014	$1,282 +1.6%	$112,194 +1.5%
2013	$1,262 -0.8%	$110,536 +0.6%
2012	$1,272 -9%	$109,898 -6.4%
2011	$1,398 +5%	$117,465 +1.5%
2010	$1,332 +7.6%	$115,729 +2.7%
2009	$1,238 +2.3%	$112,686 +0.1%
2008	$1,209 -10.6%	$112,575 +3%
2007	$1,352 -10.8%	$109,296 +2.5%
2006	$1,516 +0.6%	$106,632 +3%
2005	$1,508	$103,527 +3%
2004	$1,508 -5.8%	$100,511 +1.8%
2002	$1,600 +0.5%	$98,692 +37.2%
2001	$1,592	$71,911
2000	$1,592	$71,911