The World Equestrian Center: Transforming Ocala’s Real Estate Landscape
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SVN McDonald & Co. Releases “The WEC Effect” Report: Exploring the Impact of the World Equestrian Center on Marion County Land Values (Graphic: Business Wire)
Known as the “Horse Capital of the World,” Ocala and Marion County are renowned for their equestrian heritage, picturesque farms, and welcoming community. At the heart of this equestrian hub is the World Equestrian Center (WEC), a state-of-the-art facility that has redefined the region since its opening in January 2021.
“The World Equestrian Center has been a game-changer for land values in the area,” said Bartow McDonald, Managing Director of SVN McDonald & Co. “We’ve seen a remarkable surge in demand for land near the WEC, which has dramatically influenced valuations. It’s a trend we’re monitoring closely.”
The “WEC Effect” Report
To quantify the WEC’s impact on vacant land values, SVN McDonald & Co. conducted an in-depth analysis of over 300 land transactions from the past six years, focusing on properties near the WEC’s Grand Outdoor Arena. The findings reveal a compelling trend: land values increase significantly the closer they are to the WEC.
Key Findings from the Report:
- 200%+ Increase in Vacant Land Values: Land prices in the area have skyrocketed since the WEC’s opening.
- Average Parcel Size: 54.57 acres.
- 2023 Prices: $143,117 per acre at the top end and $10,974 per acre at the bottom end.
- Proximity Matters: The WEC’s influence on property values extends up to 15 miles from its center.
Why Ocala? Natural Advantages for Equestrian Use
Beyond the WEC, Ocala’s land offers unique advantages for equestrian enthusiasts. The area’s limestone-rich bedrock produces nutrient-dense No. 8 soil, rich in calcium, which enhances pasture grass quality. This results in stronger bones and better muscle function for grazing horses. Combined with Ocala’s mild winters, which provide year-round training opportunities and superior footing, these factors cement the region’s reputation as a premier destination for serious equestrians.
About SVN McDonald & Co.
For over 20 years, SVN McDonald & Co. has guided families and investors through complex land and commercial real estate transactions in Ocala and Marion County. The “WEC Effect” report offers insights into the evolving real estate market, highlighting dramatic land value changes over the past six years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250124096913/en/
Contacts
Media Contact:
Bartow McDonald
Managing Director
SVN McDonald & Co.
Phone: 352-274-3800
Website: www.svnmcdonald.com