NOT LISTED FOR SALE

283 Magnolia Bay Dr Eastpoint, FL 32328

Estimated Value: $915,226 - $1,252,000

4 Beds
3.5 Baths
4,328 Sq Ft
$237/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $565,000 $131 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,042/month

140 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Spa
  • Gated Community
  • Community Boat Launch
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom

About This Home

As of December 2020

Southern-style home on Apalachicola Bay has stunning sunset views. Landscaped lot with brick paved drive, 2-car garage & dock. Broad porches for gracious living. Heart pine & tile floors with carpet in bedrooms. 3 fireplaces, crown molding. 1st floor features living room with wet bar, formal dining room, den or office, sizable eat-in kitchen, butler's pantry and half bath. 2nd floor has spacious master BR with double vanity, jetted tub, separate shower; two more large bedrooms share a bath. The top floor is over 1200 sf of living area with large dormer window overlooking the bay. This level is huge with full bath and storage closet. Located in a gated community with pool, tennis courts, private streets, fishing pier, gazebo and small boat launch. Water filtration system.

Last Agent to Sell the Property

Spohrer Price Ray Team

Berkshire Hathaway HomeServices - SGI License #3424392 Listed on: 06/22/2020

Berkshire Hathaway HomeServices - SGI

Last Buyer's Agent

Spohrer Price Ray Team

Berkshire Hathaway HomeServices - SGI License #3424392 Listed on: 06/22/2020

Berkshire Hathaway HomeServices - SGI

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,984

Year Built

  • Built in 1998

Lot Details

  • 0.99 Acre Lot
  • Lot Dimensions are 100 x 430
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Cleared Lot
  • Zoning described as County,Residential Single Family

HOA Fees

  • $117 Monthly HOA Fees

Home Design

  • Southern Architecture
  • Off Grade Structure
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 4,328 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • High Ceiling
  • Multiple Fireplaces
  • Living Room
  • Formal Dining Room
  • Den
  • Bay Views
  • Security Gate

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Tile Countertops

Flooring

  • Pine Flooring
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 4 Car Detached Garage
  • Driveway
  • Open Parking

Outdoor Features

  • Spa
  • Covered Deck
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Well
  • Septic Tank

Listing and Financial Details

  • No Rentals Allowed
  • Assessor Parcel Number 1908S06W6700000B0250

Community Details

Overview

  • Magnolia Bay Subdivision
  • The community has rules related to covenants

Amenities

  • Community Gazebo
  • Picnic Area

Recreation

  • Community Boat Launch
  • Tennis Courts
  • Community Pool

Security

  • Controlled Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,984

Year Built

Built in 1998

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Directions: from Hwy 98, north on N Bayshore about 2 miles, then left into gated Magnolia Bay. Inside gate, go straight and house is on bay at intersection with Magnolia Bay Dr.
  • Inclusions: None
  • Prop. Type: Residential
  • Building Stories: 3
  • Property Sub Type: Detached Single Family
  • Lot Size Acres: 0.9871
  • Lot Size: 100 x 430
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Bay
  • Architectural Style: Southern
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: 3
  • Property Attached Yn: No
  • Year Built: 1998
  • NAV22_Room4Name: Master Bedroom
  • NAV22_Room10Name: Eat In Kitchen
  • NAV22_ResortRentalYN: No
  • NAV22_Room8Name: Full Bath
  • NAV22_Room3Name: Half Bath
  • NAV22_Room7Name: Additional Bedroom
  • NAV22_Room13Name: Full Bath
  • NAV22_Room2Name: Den
  • NAV22_BuildersWarrantyYN: No
  • NAV22_Room6Name: Additional Bedroom
  • NAV22_Room12Name: Guest Apartment
  • NAV22_Room1Name: Formal Dining
  • NAV22_Room5Name: Master Bath
  • NAV22_Room11Name: Laundry
  • NAV22_Room9Name: Living Room
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Cooktop
  • Furnished: Unfurnished
  • Interior Amenities: Pantry, Breakfast Nook, Built-in Features, Ceiling Raised, Kitchen Island, Walk-In Closet(s)
  • Spa Features: Bath
  • Private Spa: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Fireplace 2+, Master Bedroom
  • Fireplace: Yes
  • Flooring: Pine, Wall to Wall, Tile
  • Living Area: 4328
  • Master Bedroom Features: Carpeted, Sitting Area
  • Master Bathroom Features: Tile Counters, Walk-In Closet(s), Double Vanity, Separate Shower, Dressing Area

Exterior Features

  • Exterior Features: Shore Natural
  • Lot Features: Landscaped, Subdivided, Cleared, Covenants/Restrictions
  • Roof: Metal
  • Pool Features: None
  • Pool Private: No
  • View: Bay, Water
  • View: Yes
  • Waterfront Features: Waterfront, Bay
  • Waterfront: Yes
  • Construction Type: Frame
  • Foundation Details: Off Grade
  • Patio And Porch Features: Rear Porch, Covered Deck, Front Porch
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, Garage Detached
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: Septic Tank
  • Utilities: Underground Utilities, Electricity Connected, Private Trash
  • Laundry Features: Washer/Dryer Hookup
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 350
  • Community Features: Gated, Picnic Area, Boat Launch, Tennis Court(s), Pavillion/Gazebo, Pool, No Rental
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Yes

Lot Info

  • Lot Size Sq Ft: 43000
  • Additional Parcels: No
  • Parcel #: 1908S06W6700000B0250
  • Zoning Description: County,Residential Single Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4984

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2020
Closed on
Dec 17, 2020
Sold by
Bailey Ashley G and Estate Of Alec Grey Bailey
Bought by
Alexander Timothy V and Alexander Sandra R
Seller's Agent
Spohrer Price Ray Team
Berkshire Hathaway HomeServices - SGI
Buyer's Agent
Spohrer Price Ray Team
Berkshire Hathaway HomeServices - SGI
List Price
$695,000
Sold Price
$565,000
Premium/Discount to List
-$130,000
-18.71%
Current Estimated Value
$1,024,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$459,307
Avg. Annual Appreciation
13.59%
Original Mortgage
$452,000
Outstanding Balance
$404,264
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$620,043

Purchase Details

Closed on
Aug 4, 2004
Sold by
Marion I Winters Rev Trust
Bought by
Bailey Alec G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Marion I Winters Rev Trust
Bought by
Bailey Alec G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2000
Sold by
Taylor Patrick Land Corp
Bought by
Winters Marion I
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alexander Timothy V $565,000 Attorney
Bailey Alec G $950,000 First American Title Ins Co
Bailey Alec G $950,000 First American Title Ins Co
Winters Marion I $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alexander Timothy V $452,000
Previous Owner Bailey Alec G $750,000
Previous Owner Bailey Alec G $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $565,000 -18.7% $131 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $695,000 -- $161 / Sq Ft
Source: Forgotten Coast REALTOR® Association

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,117 $473,082 -- --
2023 $4,145 $459,303 $0 $0
2021 $4,410 $451,129 $138,580 $312,549
2020 $4,749 $418,311 $122,590 $295,721
2019 $4,894 $419,774 $122,590 $297,184
2018 $4,964 $401,220 $0 $0
2017 $4,944 $401,220 $0 $0
2016 $5,005 $409,755 $0 $0
2015 $5,027 $409,755 $0 $0
2014 $5,102 $411,618 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 305003

Forgotten Coast REALTOR® Association

APN: 19-08S-06W-6700-000B-0250