628 MAGNOLIA STREET
ARCADIA, FL 34266
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!
Facts & features
Interior
- Bedrooms
- 0
- Living area
- 1,140 sqft
- Heating
- Central
- Cooling
- Central Air
- Features
- L Dining, Ninguno
Exterior & lot
- Lot size
- 14,375 sqft (0.33 ac)
- Roof
- Metal
- Construction
- Frame
- Exterior
- None
Parking
- Carport
- 1 space
Financial
- Annual tax
- $4,140 (2025)
- Price / sqft
- $262/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Available, Electricity Connected, Public
Property
- Property type
- Multi-Family
- Year built
- 1946
- Subdivision
- A W GILCHRIST RESUB
- County
- DeSoto
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR800305924
- Source
- Stellar MLS
Listed by Oralia Ramirez · RMZ REALTY INC.
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 22 comparable sales within 1 mile of ARCADIA, FL. priced over RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,591/mo
- Property tax
- $224/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Price historySample data
Reference timeline for $299,000. Live MLS history swaps in with the Stellar feed.
| Date | Event | Price | Change |
|---|---|---|---|
| 2026-07 | Listing updated | $299,000 | — |
| 2026-03 | Price changed | $299,000 | −$11,960 |
| 2025-12 | Listed | $310,960 | — |
NeighbourhoodSample data
Reference scores for ARCADIA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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