To schedule a showing of 7137 & 714 S Magnolia Avenue, Ocala, Florida, Call David Shippey at 863-521-4517 TODAY!

$1,550,000 Reduced -$145,000
7137 & 714 S Magnolia Avenue
Ocala, FL 34476
  • 9Beds
  • 6.00Total Baths
  • 5 Full, 1 HalfBaths
  • 5,685SqFt
  • 2000Year Built
  • 7.50Acres
  • MLS# OM719407
  • Residential
  • SingleFamilyResidence
  • Active

  • Approx Time on Market3 months, 15 days
  • Area34476 - Ocala
  • CountyMarion
  • Subdivision Ag Nonsub

Overview

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 Ocalas 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 Ocalas most convenient yet private locations. Versatile, functional, and ready for equestrian or multi-generational living.



Agriculture / Farm

Association Fees / Info

Pets Allowed:  Yes

Bathroom Info

Total Baths:  6.00

Fullbaths:  5

Building Info

Window Features:  Blinds, Drapes, WindowTreatments

Roof:  Shingle

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  CapeCod, Florida

Pool Features:  Gunite, InGround

Patio:  RearPorch, FrontPorch, Screened

Pool Private:  Yes

Exterior Features:  SprinklerIrrigation, Storage

Fees / Restrictions

Financial

Original Price:  $1,695,000

Fencing:  CrossFenced, Wood

Garage / Parking

Parking Features:  Driveway, GarageFacesRear

Attached Garage:  Yes

Garage:  Yes

Carport:  Yes

Car Ports:  1

Green / Env Info

Interior Features

Fireplace Desc:  Gas, LivingRoom

Fireplace:  Yes

Floors:  Carpet, Laminate, Tile, Wood

Levels:  One

Laundry Features:  Inside, LaundryRoom

Interior Features:  BuiltInFeatures, CeilingFans, CathedralCeilings, EatInKitchen, HighCeilings, MainLevelPrimary, StoneCounters, SplitBedrooms, WalkInClosets, WoodCabinets, WindowTreatments, SeparateFormalDiningRoom, Loft

Appliances:  Cooktop, Dryer, Dishwasher, ElectricWaterHeater, Microwave, Range, Refrigerator, Washer

Lot Info

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

Number of Lots:  2

Lot Size Units:  Acres

Lot Size Acres:  7.5

Lot Sqft:  348,916

Vegetation:  PartiallyWooded

Lot Desc:  Flat, Farm, Level, Pasture, Landscaped

Misc

Other

Other Structures:  Barns, GuestHouse, Other, SecondResidence, Workshop

Special Conditions:  None

Security Features:  SmokeDetectors

Other Rooms Info

Property Info

Section:  08

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Construction Materials:  Block, Concrete, VinylSiding

Stories:  1

Total Stories:  1

Foundation:  Slab

Human Modified:  Yes

Room Info

Total Rooms:  3

Sqft Info

Sqft:  5,685

Bulding Area Sqft:  8,101

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,025

Tax Lot:  -

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

Tax Block:  -

Tax Annual Amount:  4084.63

Tax Book Number:  -

Unit Info

Utilities / Hvac

Heating:  Central

Water Source:  Well

Sewer:  SepticTank

Cool System:  CentralAir, CeilingFans

Cooling:  Yes

Heating:  Yes

Utilities:  ElectricityConnected, HighSpeedInternetAvailable, Propane, SewerConnected, WaterConnected

Waterfront / Water

View:  Yes

View:  ParkGreenbelt, TreesWoods

Directions

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

This listing courtesy of Golden Ocala Real Estate Inc 

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Price & Status History (on davidshippey.com since Fri, Feb 27th 2026)
  • Original Price: $1,695,000
  • Current Price: $1,550,000
  • Price Reduced: $145,000
Date ChangedFromTo
04/21/2026$1,695,000 $1,550,000 Reduced by $145,000

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If you have any questions on 7137 & 714 S Magnolia Avenue, Ocala, Florida, please call David Shippey at 863-521-4517.


MLS# OM719407 located at 7137 & 714 S Magnolia Avenue, Ocala, Florida is brought to you by David Shippey REALTOR®

7137 & 714 S Magnolia Avenue, Ocala, Florida has 9 Beds, 5 Full Bath, and 1 Half Bath.
The MLS Number for 7137 & 714 S Magnolia Avenue, Ocala, Florida is OM719407.
The price for 7137 & 714 S Magnolia Avenue, Ocala, Florida is $1,550,000.
The status of 7137 & 714 S Magnolia Avenue, Ocala, Florida is Active.
The subdivision of 7137 & 714 S Magnolia Avenue, Ocala, Florida is Ag Nonsub.
The home located at 7137 & 714 S Magnolia Avenue, Ocala, Florida was built in 2026.