Property
ActiveResidential
1/60
$1,550,000

7137 & 7141 S MAGNOLIA AVENUE

Ocala, FL 34476
9
Beds
6
Baths
5,685
SqFt
7.5
Acres
STELLAR
#OM719407
Updated: Jun 30, 2026, 10:38pm

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.
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Included Appliances
CooktopDishwasherDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher

Property Details

Highlights
View
Yes
Interior
Additional Rooms
Bonus RoomBreakfast Room SeparateDen/Library/OfficeFamily RoomFlorida RoomFormal Dining Room SeparateInside UtilityInterior In-Law Suite w/Private EntryInterior In-Law Suite w/No Private EntryLoft
Appliances
CooktopDishwasherDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
Bathrooms Total Decimal
5.5
Building Area Total
8101
Cooling
Central Air
Fireplace Features
GasLiving Room
Flooring
CarpetLaminateTileHardwood
Furnished
Unfurnished
Heating
Central
Interior Features
Cathedral Ceiling(s)Ceiling Fan(s)Eating Space In KitchenHigh CeilingsPrimary Bedroom Main FloorSolid Wood CabinetsSplit BedroomStone CountersThermostatWalk-In Closet(s)Window Treatments
Laundry Features
InsideLaundry Room
Living Area
5685
Rooms Total
3
Security Features
Smoke Detector(s)
Window Features
BlindsDrapesWindow Treatments
Construction
Architectural Style
Cape CodFlorida
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
BlockConcreteVinyl Siding
Direction Faces
West
Foundation Details
Slab
Levels
One
Living Area Source
Public Records
Living Area Units
Square Feet
Roof
Shingle
Stories Total
Yes
Year Built
2000
Site & Exterior
Carport Spaces
Yes
Covered Spaces
5
Current Use
CattlePoultryHorsesLivestock
Exterior Features
Irrigation SystemPrivate MailboxSliding DoorsStorage
Fencing
Cross FencedWood
Flood Zone Code
X
Garage Spaces
4
I D X Participation
Yes
Lot Features
FarmLevelPastureZoned for Horses
Lot Size Acres
7.5
Lot Size Area
8.01
Lot Size Square Feet
348916
Lot Size Units
Acres
Number Of Lots
2
Number Of Wells
2
Open Parking
Yes
Other Structures
Additional Single Family HomeBarn(s)Guest HouseOtherWorkshop
Parking Features
DrivewayGarage Faces Rear
Patio And Porch Features
Front PorchRear PorchScreened
Pool Features
GuniteIn Ground
Public Survey Range
22E
Public Survey Section
08
Road Frontage Type
Street Paved
Road Surface Type
Paved
Sewer
Septic Tank
Total Acreage
5 to less than 10
Utilities
BB/HS Internet AvailableElectricity ConnectedPropaneSewer ConnectedWater Connected
Vegetation
Mature LandscapingTrees/Landscaped
View
Park/GreenbeltTrees/Woods
Water Source
Well
Zoning
A1
Zoning Compatible
Yes
Financials
Additional Parcels
Yes
Additional Parcels Description
36342-006-02
Calculated List Price By Calculated Sq Ft
272.65
Contract Status Change Date
2026-02-27
Current Price
1550000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
No Minimum
Owner Name
OWNER
Ownership
Fee Simple
Parcel Number
3634200601
Public Survey Township
16S
Tax Annual Amount
4084.63
Tax Block
-
Tax Book Number
-
Tax Legal Description
SEC 08 TWP 16 RGE 22 COM AT THE NE COR OF S 1/2 OF NW 1/4 TH S 01-40-23 E 1328.14 FT TH CONT S 01-40-23 E 12.41 FT TH S 88-30-22 W 660.51 FT TO THE POB TH S 88-30-22 W 582.41 FT TH N 01-55-11 W 17.40 FT N 01-55-11 W 662.6 FT TH S 88-40-04 W 1421.88 F T TH N 01-39-02 W 20 FT TH N 88-40-04 E 2004.21 FT TH S 01-55-11 E 698.36 FT TO THE POB EXC COM AT THE NE COR OF S 1/2 OF NW 1/4 TH S 01-40-23 E 1328.14 FT TH CONT S 01-40-23 E 12.41 FT TH S 88-30-22 W 660.51 FT TH N 01-55-11 W 245.36 FT TO THE POB T H S 88-04-49 W 250 FT TH N 01-55-11 W 175 FT TH N 88-04-49 E 250 TH S 01-55-11 E 175 FT TO THE POB & EXC COM AT THE NE COR OF S 1/2 OF NW 1/4 TH S 01-40-23 E 1328.14 FT TH CONT S 01-40-23 E 12.41 FT TH S 88-30-22 W 886.51 FT TO THE POB TH CONT S
Tax Lot
-
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34476 - Ocala
Pets Allowed
Yes
Subdivision Name
AG NON-SUB
Listing provided courtesy of STELLAR via IDX. Updated: Jun 30, 2026, 10:38pm.
Tasha Osbourne

Listing Agent

GOLDEN OCALA REAL ESTATE INC

Call Agent