7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

Description of 7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

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.

Property Details for 7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

Bathrooms Full

5

Bathrooms Half

1

Interior Features

Cathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments

Appliances

Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer

Flooring

Carpet, Laminate, Tile, Hardwood

Heating

Central

Cooling

Central Air

Furnished

Unfurnished

Architectural Style

Cape Cod, Florida

Garage Spaces

4

Attached Garage

Yes

Parking Features

Driveway, Garage Faces Rear

Pool Features

Gunite, In Ground

Pool Private

Yes

Direction Faces

West

Building Information for 7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

Building Area Total

8101

Building Area Units

Square Feet

Stories Total

1

Association

No

Pets Allowed

Yes

Security Features

Smoke Detector(s)

Property Information for 7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

Lot Features

Farm, Level, Pasture, Zoned for Horses

Lot Size Square Feet

348,916

Waterfront

No

View

Park/Greenbelt, Trees/Woods

Construction Materials

Block, Concrete, Vinyl Siding

Roof

Shingle

Exterior Features

Irrigation System, Private Mailbox, Sliding Doors, Storage

Sewer

Septic Tank

Water Source

Well

New Construction

No

Public Records for 7137 & 7141 S MAGNOLIA AVENUE, OCALA, FL 34476

Parcel Number

3634200601

Tax Annual Amount

$4,085

Tax Year

2025

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

Zoning

A1

County Or Parish

Marion

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