1 of 33

314 E Magnolia Street E

Arcadia, FL 34266

3 beds
2 baths
3,274 sqft
~3/4 acre lot
$12 per sqft
1938 build
– on site

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Unique opportunity! Original 1938 home + 5 contiguous lots in downtown historical district of Arcadia. Home is in disrepair. There's visible issues w/water entry from roof damage in 2 rooms. There's termite damage present but confined to the softwood furniture and not the hardwood structure itself. The photos here indicate the current condition. There's much that will need to be removed before repair can commence but the structural integrity of the main floor plan under the two story portion including the attic fan and crawlspaces has minor to minimal damage. The side rooms away from the center structure are where the water damage exists. Previous owner left it in deteriorating condition but there's much evidence this home can be restored to livable condition with considerable work. The historical status district rules dictate the home cannot be removed and replaced with another type of structure. However, deed indicates that the other 5 lots can be subdivided and built upon separately. Interested buyers advised to contact the city on what this would entail. The home was built for Eugene Wey the cities original physician and his family. They and his son Jacob Wey the cities first pharmacist resided there until ownership passed to his sons Richard and Robert. Robert's heirs estate have offered it for sale and hope to see it restored to its former granduer. Home is available to be shown but only by licensed buyer representative or listing agents. Please call to arrange viewings.

Listing courtesy of STELLAR_MLS / CENTURY 21 SCHMIDT REAL ESTATE

Last checked: Checking… • Last updated Mar 14, 2023 •

MLS# A4436958 —

The Building

Year Built:

1938
New Construction:

false
Construction Materials:

Siding
Architectural Style:

Traditional
Levels:

Two
Stories Total:

2
Roof:

Shingle
Foundation Details:

Crawlspace
Patio And Porch Features:

Covered
Accessibility Features:

Accessible Bedroom

Interior

Interior Features:

Eating Space In Kitchen
Additional Rooms:

Family Room
Flooring:

Linoleum
Fireplace:

true
Fireplace Features:

Wood Burning

Room Dimensions

Living Area:

3274
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

turn right off hwy. 70 onto Magnolia st. property on right
Latitude:

27.212733
Longitude:

-81.857146
Coordinates:

-81.857146, 27.212733

The Property

Parcel Number:

25-37-24-0012-0500-0010
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Description:

Corner Unit
Property Attached:

false
Lot Features:

Corner Lot
Lot Size Acres:

0.82
Lot Size SqFt:

35893
Lot Size Units:

Square Feet
Zoning:

R-1C
Direction Faces:

North
Exterior Features:

Sidewalk
Water Source:

Public
Total Acres:

1/2 to less than 1
Flood Zone Code:

X
Flood Zone Panel:

12027C0178C
Homestead:

true
Lease Restrictions:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2018
Tax Lot:

1
Tax Block:

50
Tax Annual Amount:

550
Tax Legal Description:

TOWN OF ARCADIA O S LOTS 1 2 3 4 & 7 BLK 50 IN SEC 31/37/25

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

4%

Heating & Cooling

Heating:

None
Heating:

false
Cooling:

None
Cooling:

false

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Range
Laundry Features:

Outside

Schools

Elementary School:

Memorial Elementary School
Middle Or Junior School:

DeSoto Middle School
High School:

DeSoto County High School

The Community

Subdivision Name:

ORIGINAL SURV/ARCADIA
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

false
Open Parking:

false
Parking Features:

Off Street

Explore the Area

My Commute

From

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$203/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source
5/4/22 May 4, 2022	Relisted	STELLAR_MLS
4/1/22 Apr 1, 2022	Pending	STELLAR_MLS
3/29/22 Mar 29, 2022	Relisted	STELLAR_MLS

House Sold on 10/1/2019

$40,000

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Listing Courtesy of: STELLAR_MLS and CENTURY 21 SCHMIDT REAL ESTATE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

314 E Magnolia Street E

Arcadia, FL 34266