Price Reduced to $130,000! Nearly New Ocala Home With 3 Bedrooms, a Garage and Fixer-Upper Potential

A newer home in Ocala, Florida, is drawing attention after a significant price reduction brought its asking price down from $149,900 to approximately $130,000. Located at 2176 SW 151st Avenue in the Rainbow Park neighborhood, this single-family residence offers three bedrooms, two full bathrooms, and approximately 1,314 square feet of living space.

Built in 2024, the home features concrete-block construction, a single-story layout, and an attached one-car garage. Despite its relatively recent construction, the property is being marketed as a fixer-upper that needs some tender loving care. The listing is also identified as a short sale, making it important for interested buyers to understand the additional steps that may be involved in completing a purchase.

A Newer Home With Room for Improvement

One of the property’s distinguishing features is its combination of recent construction and renovation potential. The home was built in 2024 and has a concrete-block exterior, a slab foundation, and a shingle roof. Its single-story design includes a living room, dining room, kitchen, three bedrooms, and two bathrooms.

With approximately 1,314 square feet of living space, the floor plan offers a practical arrangement for everyday living. The three-bedroom layout may appeal to households seeking separate sleeping spaces, a home office, or a guest room. The attached one-car garage provides covered parking and additional space for storage.

Although the home is relatively new, the listing specifically states that it needs TLC. Buyers should therefore avoid assuming that its age guarantees move-in-ready condition. A professional inspection can help identify repairs, unfinished work, maintenance issues, or other improvements that may be needed before the property is ready for occupancy.

A Price Reduction That May Attract Attention

The property was previously listed at $149,900, and a more recent real estate source reports a reduction to approximately $130,000. That represents a substantial decrease from the earlier asking price and may encourage buyers who are searching for a home at a lower price point.

However, the asking price is only one part of the overall cost. Buyers should account for inspections, potential repairs, insurance, closing costs, and any work required to bring the property into their preferred condition. The final purchase price and terms may also depend on the seller’s circumstances and the short-sale approval process.

Understanding the Short-Sale Process

The listing identifies this property as a short sale and states that the seller is accepting cash and conventional financing only. It also warns that the bankruptcy-related short sale could take approximately 120 days for review by lienholders.

A short sale can involve additional review and approval beyond a typical home purchase. Buyers should be prepared for a potentially longer timeline and should consult their real estate agent and lender about the necessary documentation, financing requirements, and conditions of approval.

Anyone considering the property should confirm the latest status of the short-sale process and whether the seller and lienholders are still accepting offers.

Lot, Utilities and Location

The property sits on a lot measuring approximately 10,019 square feet, or about 0.23 acres. The recorded dimensions are approximately 75 by 135 feet. The lot provides outdoor space around the home, although buyers should verify the boundaries and evaluate the condition of the yard in person.

The property uses a private well for water and a septic tank for wastewater. These systems should be inspected and evaluated as part of the purchase process. The listing also describes the roads in the area as dirt roads, so prospective buyers should consider road access and driving conditions when visiting.

Located in southwest Ocala’s Rainbow Park subdivision, the property offers an opportunity to explore homeownership in the wider Ocala area. Buyers should review nearby services, commuting routes, and access to shopping and healthcare to determine whether the location suits their needs.

Property Details

• Reported Asking Price: Approximately $130,000 following a price reduction
• Address: 2176 SW 151st Avenue, Ocala, Florida 34481
• Bedrooms: 3
• Bathrooms: 2 full bathrooms
• Living Area: Approximately 1,314 square feet
• Lot Size: Approximately 10,019 square feet, or 0.23 acres
• Year Built: 2024
• Property Type: Single-family residence
• Construction: Concrete block
• Stories: 1
• Parking: Attached one-car garage
• Water: Private well
• Sewer: Septic tank
• Subdivision: Rainbow Park Unit 04
• HOA: No homeowners association reported
• Property Status: Short sale
• Financing: Listing indicates cash and conventional financing only
• Condition: Needs TLC

This Ocala property combines relatively recent construction with a reduced asking price and the opportunity to make improvements. Its three-bedroom layout, concrete-block construction, and attached garage may appeal to buyers willing to take a closer look at a home that needs work.

The short-sale status is a particularly important consideration. Interested buyers should confirm the current asking price, property condition, financing eligibility, and expected approval timeline before making an offer.

Listed on Zillow