$1,550,000
7137 & 7141 Magnolia Avenue
Ocala, FL 34476
Listing updated: June 3, 2026 at 6:17 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Now reintroduced to the market with thoughtful improvements, including the addition of a driveway for enhanced access, this exceptional multi-residence/multi-generational estate offering 2 homes an even more compelling opportunity on just over 7 picturesque acres surrounded by established farms. Ideally located off Hwy 475, just minutes to the Florida Horse Park, nearby riding trails, downtown Ocala’s dining, medical, and shopping, and less than 20 minutes to the World Equestrian Center. The main Cape Cod-style residence offers 5 bedrooms, 3 bathrooms, and 3,423 living square feet. Designed with abundant natural light and soaring cathedral ceilings, the home captures beautiful views of the surrounding acreage from nearly every room. Recent updates include a 2023 roof and a renovated kitchen featuring quartz countertops and newer appliances. Interior highlights include a gas fireplace in the living room, formal dining area, eat-in kitchen, flexible sitting room, and expansive covered porches ideal for enjoying the peaceful setting. The second residence offers 4 bedrooms, 2 bathrooms, and 2,262 living square feet with an open-concept layout. Features include a private pool, garage, executive office, updated kitchen with quartz countertops, and a remodeled primary bath with spa-like finishes. Roof replaced in 2021. UV water purification system installed. Ideal for extended family, guests, or income-producing opportunities. The fully fenced property includes a 2-stall barn with tack room, feed area, storage/workshop space, and open pasture. Both homes are equipped with new water softener systems. A rare opportunity to own a dual-residence farm property in one of Ocala’s most convenient yet private locations. Versatile, functional, and ready for equestrian or multi-generational living.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history96 days on market
- Status: ActiveFeb 27, 2026
- Listed$1,695,000Feb 27, 2026
- Price reduced$1,550,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 96
- Subdivision
- Ag Non-Sub
- County
- Marion
- Year built
- 2000
- Living area
- 5,685 sq ft
- Price/sq ft
- $273
- Building area
- 8,101 sq ft (Public Records)
- Lot size
- 348,916 sq ft
- Lot category
- 5 to less than 10
- Flood zone
- X
- Garage
- 4 spaces
- Pool
- Private pool
- Annual taxes
- $4,085 (2025)
- Parcel #
- 36342-006-01
- Zoning
- A1
- MLS #
- OM719407
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Interior Details
- Bedrooms
- 9
- Full bathrooms
- 5
- Half bathrooms
- 1
- Flooring
- Carpet, Laminate, Tile, Wood
- Appliances
- Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- 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
- Laundry
- Inside, Laundry Room
- Stories / Levels
- One
- Direction faces
- West
- Fireplace
- Yes
- In-law suite
- Yes
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 4
- Attached garage
- Yes
- Parking features
- Driveway, Garage Faces Rear
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Private Mailbox, Sliding Doors, Storage
- Construction materials
- Block, Concrete, Vinyl Siding
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Road surface
- Paved
Utilities
- Sewer
- Septic Tank
- Water source
- Well
- Utilities
- BB/HS Internet Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 14x20 |
| Kitchen | First | 13x16 |
| Living Room | First | 30x28 |
Listing Details
- Listing date
- 2026-02-27
- On market date
- 2026-02-27
- Original list price
- $1,695,000
- Occupant type
- Owner
- MLS area
- 34476 - Ocala
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-02-27
- 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
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Continue onto S Magnolia Ave/St 475, Turn Left to aprox. end of road to see both homes on the right hand side.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of June 3, 2026 at 6:17 PM ET. 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.
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