7137 & 7141 S Magnolia Avenue, Ocala, FL 34476
Local realty services provided by:Bingham Realty ERA Powered
7137 & 7141 S Magnolia Avenue,Ocala, FL 34476
$1,550,000
- 9 Beds
- 6 Baths
- 5,685 sq. ft.
- Single family
- Active
Listed by: tasha osbourne, michael osbourne
Office: golden ocala real estate inc
MLS#:OM719407
Source:MFRMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$191.33
About this home
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....
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Home facts
- Year built:2000
- Listing ID #:OM719407
- Added:143 day(s) ago
- Updated:July 21, 2026 at 01:31 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Flooring:Carpet, Laminate, Tile, Wood
- Dining Description:Breakfast Room, Eat In Kitchen, Formal Dining Room
- Kitchen Description:Cooktop, Dishwasher, Eat-in Kitchen, Microwave, Range, Refrigerator, Solid Wood Cabinets, Stone Counters
- Bedroom Description:High Ceilings, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s)
- Living area:5,685 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2000
- Building area:5,685 sq. ft.
- Lot area:7.5 Acres
- Lot Features:Farm, Level, Pasture, Paved, Zoned for Horses
- Architectural Style:Cape Cod, Florida
- Construction Materials:Block, Concrete, Vinyl Siding
- Exterior Features:Front Porch, Private Mailbox, Rear Porch, Screened
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Water Connected, Well
- Sewer:Septic Tank, Sewer Connected
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$191.33
- Tax amount:$4,085 (2025)
Features and amenities
- Appliances:Cooktop, Dishwasher, Dryer, Electric Water Heater, Irrigation Equipment, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Inside, Laundry Room, Washer
- Amenities:BB/HS Internet Available, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Irrigation Equipment, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Pool features:Gunite, In Ground, Private Pool
Parking
- Parking description:1 Car Carport, Attached Garage, Driveway, Garage Faces Rear
- Garage:Yes
- Garage spaces:4
- Carport spaces:1
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