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$1,550,000

7137 & 7141 S Magnolia Avenue Ocala, FL 34476 Residential - Single Family Active

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Description

An exceptional dual-residence estate offering a rare opportunity to live, invest, and generate income on just over 7 picturesque acres surrounded by established horse farms. Sellers are currently adding an additional driveway to provide enhanced privacy and separate access to the second residence, further increasing the property's functionality and appeal. Ideally located off Hwy 475, the property offers convenient access to the Florida Horse Park, nearby riding trails, downtown Ocala's dining, medical facilities, and shopping, while being less than 20 minutes from the World Equestrian Center.Whether you're seeking a private family compound, multi-generational living arrangement, or an income-producing investment, this property offers unmatched versatility. With no HOA restrictions, owners have the flexibility to utilize the second residence for short-term rentals, seasonal equestrian visitors, Airbnb, VRBO, corporate housing, or extended-stay accommodations, creating an attractive opportunity to offset ownership costs while enjoying the property full-time.The main Cape Cod-style residence offers 5 bedrooms, 3 bathrooms, and 3,423 square feet of living space. Filled with natural light and highlighted by soaring cathedral ceilings, the home captures beautiful views of the surrounding acreage from nearly every room. Recent improvements include a 2023 roof and a renovated kitchen featuring quartz countertops and newer appliances. Additional features include a gas fireplace, formal dining room, eat-in kitchen, flexible sitting area, and expansive covered porches designed for enjoying Ocala's year-round outdoor lifestyle.The second residence offers 4 bedrooms, 2 bathrooms, and 2,262 square feet of living space with an open-concept design ideal for guests, tenants, or extended family. Features include a private swimming pool, garage, executive office, updated kitchen with quartz countertops, remodeled primary bathroom with spa-inspired finishes, a 2021 roof, and a UV water purification system. Its private setting and independent amenities make it exceptionally appealing for seasonal equestrian rentals, World Equestrian Center competitors, trainers, and visitors seeking accommodations during Ocala's busy horse season.The fully fenced property includes a 2-stall barn with tack room, feed area, storage/workshop space, and open pasture, creating opportunities for hobby farming, horses, or additional recreational use. Both homes are equipped with new water softener systems.Rarely does a property offer the ability to enjoy private country living while simultaneously generating income in one of Ocala's strongest rental markets. Combining two residences, equestrian amenities, acreage, no HOA restrictions, and a prime location near the World Equestrian Center, this is a unique opportunity for buyers seeking lifestyle, flexibility, and long-term investment potential.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 4 car attached
Heating: Central
Home Style: Cape Cod, Florida
Lot Size: 7.50 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $4,084
Year Built: 2000

General Information

Bedrooms: 9
Bathrooms: 5 Full 1 Half
Sqft: 5,685
County: Marion
Subdivision: AG NON-SUB
Listed By:
Tasha Osbourne GOLDEN OCALA REAL ESTATE INC 352-369-6969

Amenities

Cathedral Ceiling(s)
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Primary Bedroom Main Floor
Solid Wood Cabinets
Split Bedroom
Stone Counters
Thermostat
Walk-In Closet(s)
Window Treatments
Private Mailbox
Sliding Doors
Storage

Room Information

Primary Bedroom: 14x20
Kitchen: 13x16
Living Room: 30x28

Property Features

Additional Rooms: Bonus Room, Breakfast Room Separate, Den/Library/Office, Family Room, Florida Room, Formal Dining Room Separate, Inside Utility, Interior In-Law Suite w/Private Entry, Interior In-Law Suite w/No Private Entry, Loft
Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Barn Features: Barn Office, Feed Room, Horse Barn, Pole Barn
Days on Site: 150
Directions: Continue onto S Magnolia Ave/St 475, Turn Left to aprox. end of road to see both homes on the right hand side.
Exterior: Block, Concrete, Vinyl Siding
Fencing: Cross Fenced, Wood
Fireplace: Gas, Living Room
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Carpet, Laminate, Tile, Wood
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Farm, Level, Pasture, Paved, Zoned for Horses
Lot Dimensions: 7.5
Number of Septics: 2
Number of Stalls: 2
Number of Stalls: 2
Number of Wells: 2
Other Equipment: Irrigation Equipment
Other Structures: Additional Single Family Home, Barn(s), Guest House, Other, Workshop
Ownership: Fee Simple
Parking: Driveway, Garage Faces Rear
Parking Notes: Driveway, Garage Faces Rear
Patio/Porch: Front Porch, Rear Porch, Screened
Pets Allowed: Yes
Pool: Gunite, In Ground
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Security: Smoke Detector(s)
Sewer: Septic Tank
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: BB/HS Internet Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Vegetation: Mature Landscaping, Trees/Landscaped
Water: Well
Water Access Y/N: No
Windows: Blinds, Drapes, Window Treatments
Zoning: A1
$1,550,000
9beds
5.5baths
5,685sqft
4cars
Active
BEDS9 BATHS5 full 1 partial SQUARE FEET5,685 MLS#OM719407
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONAG NON-SUB

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7137 & 7141 S Magnolia Avenue, Ocala, FL 34476.

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Estimated Payment

$ 6,020.31 per month $5,227.89 Principal & Interest $340.33 Property Tax $452.08 Homeowner's Insurance

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