Superparamagnetic iron oxide nanoparticles (SPIONs), -Fe 2 O 3 , with hydrophilic surfaces are fabricated in ethylene glycol solutions, without surfactant or additive, by solvothermal process from -Fe 2 O 3 nanoparticle as precursors. With the addition of a trace of hydrazine hydrate, the cubic phase Fe 3 O 4 nanoparticles are obtained instead of -Fe 2 O 3 . The saturation magnetization value of -Fe 2 O 3 nanoparticles is up to 74.3 emu/g. This study provides a low cost, safe, and universal route to serve as excellent biocompatibility magnetic core for future applications in biomedical, agriculture, and horticulture applications.