7137 & 7141 S MAGNOLIA AVENUE, Ocala, FL 34476

• 9 beds |
• 6 baths |
• 5,685 sqft

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.

Listing Status:

Active

Date Added:

February 27, 2026

Data Last Updated:

July 28, 2026 at 7:22AM

Listing Office:

GOLDEN OCALA REAL ESTATE INC : 352-369-6969

Listing Agent:

Tasha Osbourne : 352-613-6613

MLS ID:

OM719407

Interior

• General: Cathedral Ceiling(s)Ceiling Fans(s)Eat-in KitchenHigh CeilingsPrimary Bedroom Main FloorSolid Wood CabinetsSplit BedroomStone CountersThermostatWalk-In Closet(s)Window Treatments
• 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
• Laundry: InsideLaundry Room
• Flooring: CarpetLaminateTileWood
• A/C: Central Air
• Heating: Central
• Fireplace: GasLiving RoomFireplace

Exterior

• General: Private MailboxSliding DoorsStorage
• Style: Cape CodFlorida
• Other Structures: Additional Single Family HomeBarn(s)Guest HouseOtherWorkshopFront PorchRear PorchScreened
• Pool: GuniteIn Ground
• Parking: DrivewayGarage Faces Rear

Construction

• Roofing: Shingle
• Windows: BlindsDrapesWindow Treatments
• General: BlockConcreteVinyl SidingOneSlab

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Marion

Lot

• Zoning: A1SEC 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 S36342-006-01
• View: Park/GreenbeltTrees/Woods
• Fencing: Cross FencedWood

Utilities

• Utilities: BB/HS Internet AvailableElectricity ConnectedPropaneSewer ConnectedWater Connected
• Water: Well
• Sewer: Septic Tank

Financial

• Source: Stellar MLS
• Ownership: Fee Simple