FL
Marion
OCALA
34476
7137 & 7141 S MAGNOLIA AVENUE
7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476
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Listing Type
Single Family
Listing Status
Active
79
$1,550,000

Home Details for 7137 & 7141 S MAGNOLIA AVENUE

Price
$1,550,000
Type
Residential
Bedrooms
9
Total Bathrooms
6
Full Bathrooms
5
Half Bathrooms
1
Square feet
5685
Year built
2000
Lot size acres
7.5
County
Marion
Total rooms
3
Garage
4
Days on site
160
MLS Listing#
OM719407
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 a driveway to the family home at the end of the cul-de-sac 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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Property Features
  • House Interior
    • Cathedral Ceiling(s)
    • Eat-in Kitchen
    • High Ceilings
    • Stone Counters
    • Walk-In Closet(s)
    • In-Law Floorplan
  • Utilities
    • Electricity Connected
    • Propane
    • Sewer Connected
    • Water Connected
  • Parking
    • Driveway
    • Garage Faces Rear
    • Attached
  • Water Features
    • Private
    • Well
  • Fire Place
    • Gas
    • Living Room
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Garage
    • 1
Listing Courtesy: GOLDEN OCALA REAL ESTATE INC - 352-369-6969
Listings courtesy of Stellar MLS as distributed by MLS GRID. 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. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-08-07 10:40:26
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EXIT RIVERSIDE REALTY
20156 E. Pennsylvania Ave, Dunnellon, FL 34432
Office
352 462 7170
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