Jennifer Craycroft

7137 & 7141 S Magnolia Avenue

OCALA, FL
$ 1,550,000 Beds 9 Baths 5.5 Sq 5,685 Virtual Tour
Monthly Estimate* How much can I afford?

UPDATED: 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 added a driveway, pictures with updated fencing to allow a right away for the third home at the end of the cul-de-sac to provide enhanced privacy and separate access to the residences for sale, 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.

Active

  • Price
  • $ 1,550,000
  • City
  • OCALA
  • Bedrooms
  • 9
  • Full Bathrooms
  • 5
  • County
  • Marion
  • Half Bathrooms
  • 1
  • Area
  • Ocala
  • Lot Size
  • 7.5 Acres
  • Zip
  • 34476
  • Sqr Footage
  • 5,685
  • Year Built
  • 2000
  • Taxes
  • $ 4084
  • Style
  • Cape Cod Florida
  • MLS#
  • OM719407
Listed By: GOLDEN OCALA REAL ESTATE INC with 352-369-6969. - 352-369-6969
Data Source: Stellar MLS

Features

General

Sewer Septic Tank
Heating Central
Cooling Central Air
Utilities BB/HS Internet Available,Electricity Connected,Propane,Sewer Connected,Water Connected
Roof Shingle
Appliances Cooktop,Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
Zoning A1
Garage Spaces 4
Patio/Porch Features Front Porch,Rear Porch,Screened
Architectural Style Cape Cod,Florida
Pool Features Gunite,In Ground
Security Features Smoke Detector(s)
Construction Materials Block,Concrete,Vinyl Siding
Pets Allowed Yes
Year Built 2000
View Park/Greenbelt,Trees/Woods
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Current Use Cattle,Poultry,Horses,Livestock
Ownership Fee Simple
Additional Parcels Description 36342-006-02
County Marion
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name AG NON-SUB
Facing Direction West
Garage Y/N true
Other Structures Additional Single Family Home,Barn(s),Guest House,Other,Workshop
Total Rooms 3
Full Baths 5
Status Active
Directions Continue onto S Magnolia Ave/St 475, Turn Left to aprox. end of road to see both homes on the right hand side.
City OCALA
Senior Community Y/N false
MLS Area 34476 - Ocala
Lot Size Units Acres
Lot Size Square Feet 348916
Carport Spaces 1
Carport Y/N true
Listing Terms Cash,Conventional
Land Lease Y/N false
Tax Annual Amount 4084.63
Additional Parcels Y/N true
Lease Considered Y/N true
Virtual Tour https://www.youtube.com/watch?v=SdD9j0EP4bA
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Virtual Tour https://www.youtube.com/watch?v=SdD9j0EP4bA
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
Minimum Lease No Minimum
Water Access Y/N false
Additional 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
ILS Under Air SQFT 2000
Water View Y/N false
Flood Zone Code X
In Law Suite YN true
In Law Suite Description Private Entrance
Flood Zone Code X Yes

Interior Features

Interior Amenities 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
Flooring Carpet,Laminate,Tile,Hardwood
Furnished Y/N Unfurnished
Fireplace Features Gas,Living Room
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds,Drapes,Window Treatments
Fireplace Y/N true
Half Baths 1
Laundry Features Inside,Laundry Room
Total Bedrooms 9
LivingAreaSource Public Records
Total Baths 6

Exterior Features

Exterior Amenities Irrigation System,Private Mailbox,Sliding Doors,Storage
Vegetation Mature Landscaping,Trees/Landscaped
Fencing Cross Fenced,Wood
Parking Features Driveway,Garage Faces Rear
Lot Features Farm,Level,Pasture,Zoned for Horses
Water Source Well
Lot Size Area 8.01
Foundation Details Slab
Building Area Total 8101
Lot Size Acres 7.5
Road Surface Type Paved
Private Pool true
Waterfront Y/N false
Covered Spaces 5
Road Frontage Type Street Paved
Number of Lots 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Cape Coral, FL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/27/2026 Listed $1,695,000
4/21/2026 9% - $1,550,000

Property vs Zip Code Average in 34476

Price
AVG $350K
$1.55M
Taxes
AVG $2,944
$4,084
Year Built
AVG 2011
2000

Areas That We Cover

7137 & 7141 S Magnolia Avenue OCALA, FL is a Single Family Home for sale at $1550000 with 5685 sqft and a lot size of 7.5 Acres Acre(s). 7137 & 7141 S Magnolia Avenue OCALA has 9 bedrooms, 5 baths and was built in 2000. The property's zip code is 34476 which is in OCALA, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jennifer Craycroft

Jennifer Craycroft

Office Manager

909-836-4806

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