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Land with Home for Sale in Ocala, Florida

7137 & 7141 S Magnolia Ave, Ocala, FL 34476

$1,550,000
7.5 acres
Active sale
$145k drop
Est $8,260/mo

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.

5,685
Sq feet
9
Beds
5
Full baths
1
1/2 bath
2000
Built

Location

Street address
7137 & 7141 S Magnolia Ave
Zip code
34476
Community
Ag Non-Sub
Elevation
88 feet
Coordinates
29.1148, -82.1311

Directions

Continue onto S Magnolia Ave/St 475, Turn Left to aprox. end of road to see both homes on the right hand side.

Property details

Acreage
7.5 acres
Zoning
A1
MLS #
MFRMLS OM719407
Posted

Property taxes

2025
$4,085

Parcels

  • 36342-006-01

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Lot

View
Park
Features
Cattle, Chicken, Farm, Horse, Level, Livestock, Pasture, Paved, Zoned For Horses

Exterior

Parking
Driveway, Garage
Fencing
Cross Fenced
Pool
Porch
Structures
Guest House, Storage
Features
Private Mailbox, Sliding Doors

Structure

Style
Cape Cod
Stories
1
Water
Well
Sewer
Septic Tank
Heating
Central
Cooling
Central Air
Materials
Block, Concrete, Vinyl Siding
Roof
Shingle
Windows
Blinds, Drapes, Window Treatments

Interior

Room Count
3
Rooms
Bathroom x 6, Bedroom x 9
Flooring
Carpet, Laminate, Tile, Wood
Fireplaces
Yes
Appliances
Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
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)

Property utilities

CategoryTypeStatus
GasPropaneConnected

Listing history

DateEventPriceChangeSource
Apr 22, 2026Price drop$1,550,000$145,000 -8.6%MFRMLS
Feb 28, 2026New listing$1,695,000MFRMLS
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This 7.5-acre property is located at 7137 & 7141 S Magnolia Ave in Ocala, FL 34476. The property is available for sale, priced at $1,550,000. It has a 5,685 square foot 9-bedroom, 5.5-bath house built in 2000.

Listed by Golden Ocala Real Estate, (352) 369-6969

Checked 2 hours agoUpdated Source

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