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4940 E FORT KING STREET, Ocala, FL, 34470

6beds
8baths
6,337sqft
$2,259,000
$356price/sqft
$16,318/moest. monthly cost
$652,720/yrincome needed

About This Home

Virtually Staged. Tucked behind a canopy of mature trees along one of Ocala’s most iconic corridors, 4940 E Fort King Street is not just a residence—it’s a statement of legacy, discretion, and timeless refinement. Set on 4.5 private acres, this stately estate evokes the quiet confidence of old-world wealth, where scale, symmetry, and thoughtful craftsmanship draped in custom millwork not often seen in Florida take center stage. A grand entrance welcomes you with an architectural staircase that immediately sets the tone—elegant, commanding, and unforgettable. The main residence offers six generously appointed bedroom suites, each designed with privacy and comfort in mind. In a rare and whimsical twist, every closet conceals a hidden room—an unexpected detail that blends charm with function, perfect for private retreats, dressing lounges, or imaginative spaces. Designed for both grand entertaining and intimate living, the home features formal living and dining rooms, along with a series of flexible spaces ideal for a refined office, private library, wellness room and media lounge. The gourmet kitchen serves as the heart of the home, seamlessly connecting to the main living areas and inviting gatherings that feel both effortless and elevated. The primary on the main floor encompassing one side of the home makes a grand statement with floor to ceiling windows, a modern restyled spa bathroom that will make you never want to leave and privacy that you deserve. Outdoors, the estate transforms into a secluded sanctuary. A resort-style pool, recently resurfaced and enhanced with updated Pentair systems, offers a tranquil escape framed by expansive green space and total privacy—perfect for quiet mornings or sunset entertaining. Modern enhancements have been carefully integrated without compromising the home’s classic appeal, including a new roof, four NEW HVAC systems, custom window treatments, and GAF solar shingles, delivering both efficiency and forward-thinking sustainability. The property is gated and fully fenced complemented by a beautifully appointed guest house, complete with a full kitchen, private laundry, and spacious accommodations—ideal for extended family, guests, or staff. This is a home for those who appreciate not just square footage—but substance, presence, and quiet luxury. A rare offering in the heart of Ocala, where estate living meets enduring style.

Getting Around

9
WalkingCar-Dependent
0
TransitNo Nearby Transit
26
BikeSomewhat Bikeable

Schools

3/10
Fort King Middle SchoolGrades 6-82.9 mi
5/10
Forest High SchoolGrades 9-123.3 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 1994

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bar Fridge,Oven,Dishwasher,Disposal,Dryer,Freezer,Gas Water Heater,Microwave,Range,Refrigerator,Washer,Water Filtration System,Wine Refrigerator
  • Laundry features: Inside,Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 8
  • Full bathrooms: 7
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Crown Molding,Eating Space In Kitchen,Living Room/Dining Room Combo,Primary Bedroom Main Floor,Split Bedroom,Stone Counters,Thermostat,Walk-In Closet(s)
  • Door features: French Doors,Outdoor Grill,Outdoor Shower
  • Window features: Window Treatments
  • Flooring: Carpet,Tile,Hardwood
  • Fireplace features: Family Room,Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air,Zoned

Interior Area

  • Total structure area: 6,337
  • Total interior livable area: 6,337 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: First

Property

Details

  • Parcel number: 2741800014
  • Zoning: R1
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Private pool: Yes
  • Pool features: Gunite,In Ground,Lighting,Screen Enclosure
  • Patio & porch: Covered,Enclosed,Front Porch,Porch,Rear Porch,Screened
  • Exterior features: Lighting,Outdoor Grill,Outdoor Shower,Private Entrance,Storage
  • Has spa: Yes
  • Spa features: In Ground
  • Fencing: Board,Fenced,Masonry,Wire
  • Has view: Yes
  • View description: Trees/Woods
  • Residential vegetation: Mature Landscaping,Oak Trees,Trees/Landscaped

Lot

  • Lot size: 4.48 Acres
  • Features: City Lot,Level,Oversized Lot,Private
  • Lot size dimensions: 315 x 620

Parking

  • Total spaces: 4
  • Parking features: Bath In Garage,Circular Driveway,Converted Garage,Garage Door Opener,Garage Faces Side,Guest,Oversized,RV Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Cold Wave
Inland Flooding
Strong Wind
Wildfire

FEMA Declared Disasters in Marion County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,422$137,064
Home Insurance *$1,332$15,984
Property Taxes $2,927$35,124
Electricity $637$7,652
Total$16,318$195,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$559,474/yr
40% on housing$489,540/yr
45% on housing$435,146/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.1%
16.1%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.6%
5.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$356This listing

vs Other Active Listings

Avg $/sqft

ZIP 34470$117
Marion County$208

vs Homes Sold Last Month

Median $/sqft

ZIP 34470$163
Marion County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-24Price change$2,200,000
2026-06-16Listed for sale$2,259,000
2026-04-28Pending sale$2,259,000
2026-04-24Listed for sale$2,259,000
2025-10-20Listing removed$2,259,000
2025-09-03Pending sale$2,259,000
2025-09-02Listing removed$2,259,000
2025-05-14Price change$2,259,000
2025-02-06Listed for sale$2,499,990
2023-06-07Sold$1,675,000
2023-05-20Pending sale$1,750,000
2022-07-23Listed for sale$1,750,000
2016-08-31Sold$750,000
2016-04-28Price change$789,000
2016-01-06Price change$799,000
2015-10-13Price change$849,900
2015-10-11Listed for sale$899,000

For Sale by Agent

AgentRhonda Gailey
BrokerageGAILEY ENTERPRISES REAL ESTATE

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