Refine Search

7137 & 7141 S Magnolia Avenue, Ocala, FL 34476

$1,550,000

79 Total Photos [Click to View All]

Property 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.

7137 & 7141 S Magnolia Avenue | MLS# OM719407

This single family home located at 7137 & 7141 S Magnolia Avenue, Ocala, FL 34476 is currently listed for sale with an asking price of $1,550,000. This property was built in 2000 and has 9 bedrooms and 5 full and 1 partial baths with 5685 sq. ft. & 7141 S Magnolia Avenue is located in the AG NON-SUB subdivision. Search AG NON-SUB real estate on www.signwithsanford.com today.

Property Features

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
Square Feet: 5,685

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

Feature Descriptions

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: 143
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

Room Sizes

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

Listed By / Shown By

Listed By

Agency Name: GOLDEN OCALA REAL ESTATE INC
Agency Contact: 352-369-6969

Shown By

Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®

IDX logo

Estimate Your Payment

Estimated Payment

$ 8,605.61 per month $7,813.19 Principal & Interest $340.33 Property Tax $452.08 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/21/2026. The listing information on this page last changed on 07/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/21/2026 1:18:20 AM EST) or GAMLS (last updated Mon 07/20/2026 5:19:50 PM EST) or Stellar MLS (last updated Tue 07/21/2026 1:13:53 AM EST) or SPC MLS (last updated Mon 07/20/2026 11:20:49 PM EST) or Martin MLS (last updated Mon 07/20/2026 11:38:10 PM EST) or Indian River MLS (last updated Mon 07/20/2026 11:30:10 PM EST) or Daytona MLS (last updated Mon 07/20/2026 11:36:42 PM EST) or Northeast Florida MLS (last updated Tue 07/21/2026 12:18:56 AM EST) or Beaches MLS (last updated Tue 07/21/2026 1:07:11 AM EST) or BORMLS (last updated Mon 07/20/2026 11:15:54 PM EST) or Scout MLS (Golden Isles) (last updated Mon 07/20/2026 7:06:24 AM EST) or Amelia/Nassau MLS (last updated Mon 07/20/2026 11:25:14 PM EST) or Dixie Gilchrist Levy MLS (last updated Mon 07/20/2026 11:42:17 PM EST) or NFLMLS (last updated Mon 07/20/2026 9:05:13 PM EST). Real estate listings held by brokerage firms other than Watson Realty Corp., REALTORS ® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel