628 E Magnolia St Arcadia, FL 34266
Arcadia AreaEstimated payment $1,992/month
Highlights
- Active Adult
- No HOA
- Central Heating and Cooling System
- L-Shaped Dining Room
About This Home
Two homes, one price, endless possibilities! Nestled in the historic district of DeSoto County, this rare property includes not one but two charming, income-producing houses on a single lot. The main house offers 3 bedrooms and 1 bath, complete with a large, welcoming front porch perfect for enjoying the historic neighborhood, plus a detached carport. The second home is a cozy 2-bedroom, 1-bath with its own detached carport — ideal for a tenant, guests, or extended family. Both homes are currently used as income property, giving buyers true flexibility: live in one and rent the other, or keep both as rentals for maximum cash flow. This is a unique opportunity for investors or owner-occupants alike to own a piece of DeSoto County history with built-in income potential. Don't miss this one-of-a-kind offering! You'll notice road construction going on right in front of the main house — don't let that scare you off! It's wrapping up soon, and once it's done, you'll have brand-new paved roads. Don't miss this one-of-a-kind offering!
Listing Agent
RMZ REALTY INC. Brokerage Phone: 863-990-6093 License #3174844 Listed on: 07/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,140
Year Built
- Built in 1946
Lot Details
- 14,375 Sq Ft Lot
Parking
- 1 Carport Space
Home Design
- Duplex
- Frame Construction
- Metal Roof
Interior Spaces
- 1,140 Sq Ft Home
- L-Shaped Dining Room
- Crawl Space
- Laundry Located Outside
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- Active Adult
- No Home Owners Association
- 1,800 Sq Ft Building
- A W Gilchrist Resub Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 1 / 54
- Assessor Parcel Number 25-37-24-0012-0540-0010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,992 | $196,799 | $8,000 | $188,799 |
| 2023 | $3,758 | $190,378 | $8,000 | $182,378 |
| 2022 | $3,504 | $141,766 | $0 | $0 |
| 2021 | $3,201 | $129,236 | $8,000 | $121,236 |
| 2020 | $2,979 | $117,215 | $8,000 | $109,215 |
| 2019 | $2,960 | $114,788 | $8,000 | $106,788 |
| 2018 | $1,717 | $91,479 | $0 | $91,479 |
| 2017 | $1,382 | $83,279 | $0 | $83,279 |
| 2016 | $2,012 | $72,156 | $0 | $72,156 |
| 2015 | $1,876 | $65,735 | $0 | $65,735 |
| 2014 | $1,838 | $64,523 | $0 | $64,523 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/24/2026 07/24/26 | For Sale | $299,000 | +130.0% | $262 / Sq Ft | |
| 10/09/2020 10/09/20 | Sold | $130,000 | -21.6% | $114 / Sq Ft | View Prior Sale |
| 09/04/2020 09/04/20 | Pending | -- | -- | -- | |
| 07/17/2020 07/17/20 | Price Changed | $165,900 | -5.1% | $146 / Sq Ft | |
| 06/22/2020 06/22/20 | For Sale | $174,900 | 0.0% | $153 / Sq Ft | |
| 06/09/2020 06/09/20 | Pending | -- | -- | -- | |
| 04/10/2020 04/10/20 | Price Changed | $174,900 | -5.4% | $153 / Sq Ft | |
| 03/09/2020 03/09/20 | For Sale | $184,900 | -- | $162 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Arcadia Abstract & Ttl Co In | |
| Warranty Deed | $130,000 | Arcadia Abstract & Ttl Co In | |
| Deed | $100,000 | Arcadia Abstract & Title Com | |
| Contract Of Sale | $100,000 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Balloon | |
| Previous Owner | $100,000 | Seller Take Back |
Source: Stellar MLS
MLS Number: A4700298
APN: 25-37-24-0012-0540-0010
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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Ask me questions while you tour the home.