On Top of the World is a huge 55 plus retirement community located in SW Ocala Florida. Sidney Colen, a visionary Florida builder, purchased the 12,872 acre Circle Square Ranch in 1975 and began to develop On Top of the World in 1982. His son is still building new homes here today.
On Top of the World is unique in Ocala real estate for a couple of reasons. This is a leasehold property which is unusual for our area. This means that you own the house but the lot is leased for 99 years from the time of the first sale. A buyer also can’t finance more than 80% of the purchase price of their home. Unlike most Ocala 55+ communities all outside maintenance is part of the HOA fees.
In addition to new homes there are quite a few resales here. Older homes are often attached in groups of 4 to 6 and of concrete block and stucco construction. The newer homes are single detached and also CBS. Sizes range from 1,000 to about 2400 sq ft of living area. Prices start as low as $40,000- and go up to $200,000- for resales.
HOA fees for attached Villas at On Top of the World are high, around $398- per month, because they include all outside maintenance including lawns, painting and roof repair but not replacement as well as property insurance on the building but not the contents or interior. In addition there is a 24 hour guard at the gate and too many amenities to list. Single detached homes, which are newer, have $331- month HOA fees but do not include water like the Villas.
Amenities include the Arbor Club with indoor and outdoor pools and tennis, the Health and Rec Center with a fitness center, racketball, steam room ect. and a craft building with a complete woodworking shop, The Spa Ranch and Fitness Center, a library, a dog park, a bus service for shopping and the Circle Square Cultural Center. There are 2 golf courses, the Tortoise and Hare and The Links. Golf, the Ranch Spa and Fitness and the Cultural Center all have fees above and beyond your HOA fee. There is also great adult education and cultural opportunities at Master The Possibilities which is also open to the public.
On Top of the World is also a golf cart community which means you can drive your cart down the street. You can even access 2 grocery stores, small shops and a few restaurants with your golf cart.
Update March 2015. If you are interested in OTOTW the resales are selling for a significant discount over new homes.
If you would like a list of homes for sale in On Top of the World fill out my Dream Home Finder, call me or send me an email.
Statistics used for this blog post are from the Ocala Marion County MLS and are deemed to be accurate at the time this blog was written but are not guaranteed. All information is time sensitive and subject to change without notice.