7137 & 7141 S MAGNOLIA AVE Ocala, FL 34476
9 Beds
6 Baths
5,685 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,685 sqft
Price per Sqft $272
Subdivision Ag Non-Sub
MLS Listing ID OM719407
Bedrooms 9
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 2000
Annual Tax Amount $4,084
Lot Size 7.500 Acres
Acres 7.5
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Marion
Community Ag Non-Sub
Area 34476 - Ocala
Zoning A1
Rooms
Other 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
Interior
Interior Features 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
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile, Wood
Fireplaces Type Gas, Living Room
Furnishings Unfurnished
Fireplace true
Appliance Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Laundry Inside, Laundry Room
Exterior
Exterior Feature Private Mailbox, Sliding Doors, Storage
Parking Features Driveway, Garage Faces Rear
Garage Spaces 4.0
Fence Cross Fenced, Wood
Pool Gunite, In Ground
Utilities Available BB/HS Internet Available, Electricity Connected, Propane, Sewer Connected, Water Connected
View Park/Greenbelt, Trees/Woods
Roof Type Shingle
Porch Front Porch, Rear Porch, Screened
Attached Garage true
Exposure West
Garage true
Private Pool Yes
Building
Lot Description Farm, Level, Pasture, Paved, Zoned for Horses
Story 1
Entry Level One
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Septic Tank
Water Well
Architectural Style Cape Cod, Florida
Structure Type Block,Concrete,Vinyl Siding
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.youtube.com/watch?v=SdD9j0EP4bA
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