Searching for intrinsic magnetic semiconductors has long been pursued in the last few decades. Nonetheless, it failed to fabricate an intrinsic magnetic semiconductor at room temperature. Also, it is a challenging task to fabricate optically transparent magnetic material at room temperature. Here, we investigate the magnetic and optical properties of Ga1-xVxAs (x = 0.25, 0.5, and 0.75). We find that only the Ga0.50V0.50As structure meets all the structural stability criteria. The Ga0.50V0.50As has a ferromagnetic ground state with a Curie temperature of 478 K. The Ga0.50V0.50As has an indirect band gap of 1 eV, and also the majority spin bands locate at the conduction band minimum and valence band maximum. Thus, we can achieve 100 % spin-polarized current. Moreover, the Ga0.50V0.50As system displays optically transparent properties in the visible frequencies. Overall, we propose that the Ga0.50V0.50As can be a potential candidate as a magnetic semiconductor for transparent spintronics device applications.