NOT LISTED FOR SALE

289 Magnolia Bay Dr Eastpoint, FL 32328

Estimated Value: $278,000 - $339,127

1.04 Acres
$296,070 Price per Acre
45,398 Sq Ft Lot

Last Sold July 17, 2023

Last sale price $330,000

Est. 6% decrease in value since last sale

Current estimated payment $2,054/month

Highlights

  • Boat Dock
  • Oak Trees
  • Gated Community
  • Property Fronts a Bay or Harbor
  • Fishing
  • Community Pool

About This Lot

As of July 2023

Exceptional one acre bayfront homesite in the exclusive gated community of Magnolia Bay.

Last Agent to Sell the Property

FSBO Agent

Nonmember Office Brokerage Phone: Listed on: 06/15/2023

Last Buyer's Agent

Cydney Szymanowski

St George Island Realty, LLC License #3526192

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,575

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 100' x 454'
  • Property Fronts a Bay or Harbor
  • Palmetto Ground Covering
  • Natural State Vegetation
  • Oak Trees
  • Pine Trees
  • Wooded Lot

HOA Fees

  • $150 Monthly HOA Fees

Property Views

  • Bay Views

Utilities

  • Underground Utilities
  • Septic Needed
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • No Rentals Allowed
  • Assessor Parcel Number 1908S06W670000B0270

Community Details

Overview

  • Association fees include ground maintenance, recreational facilities, reserve fund
  • Magnolia Bay Subdivision
  • The community has rules related to covenants

Amenities

  • Community Gazebo
  • Picnic Area

Recreation

  • Boat Dock
  • Community Boat Launch
  • Tennis Courts
  • Community Pool
  • Fishing

Security

  • Controlled Access
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,575

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Attribution Contact: 0
  • Directions: From Hwy 98, travel north on North Bay Shore Dr for 1.9 miles. Turn left onto Grand Bay Dr, drive through Magnolia Bay Entry gates (code needed). Continue on Grand bay Dr for 0.2 miles, right onto Magnolia Bay Dr, lot is on left/bay side of road.
  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 1.0422
  • Lot Size: 100' x 454'
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Bay
  • Special Features: None

Exterior Features

  • Lot Features: Boating Access, Covenants/Restrictions, Wooded
  • Fencing: None
  • View: Bay, Water
  • View: Yes
  • Waterfront Features: Bay
  • Waterfront: Yes
  • Disclosures: CC&R, County Zoning, Recorded Plot

Utilities

  • Sewer: Septic Needed
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities
  • Water Source: Well Needed

Condo/Co-op/Association

  • Association Fee: 450
  • Community Features: Boat Dock Community, Boat Launch, Dock, Fishing, Gated, No Rental, Pavillion/Gazebo, Picnic Area, Pool, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Recreational Facilities, Reserve Fund

Lot Info

  • Zoning: R-1
  • Lot Size Sq Ft: 45400
  • Additional Parcels: No
  • Parcel #: 1908S06W670000B0270
  • Zoning Description: Residential Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1575

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 17, 2023
Sold by
Wright William Lee and Wright Wesley Monroe
Bought by
Lynch Robert H and Lynch Suzanne C
Seller's Agent
FSBO Agent
Nonmember Office
Buyer's Agent
Cydney Szymanowski
St George Island Realty, LLC
List Price
$330,000
Sold Price
$330,000
Views
1
Current Estimated Value
$308,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,436
Avg. Annual Appreciation
-6.25%

Purchase Details

Closed on
Oct 16, 2003
Sold by
Sanjay Srivastava and Sanjay Nancy D
Bought by
Shar J Craig Williams Pa Profit

Purchase Details

Closed on
Oct 2, 2000
Sold by
Erick David Land Corp
Bought by
Sanjay Srivastava and Sanjay Nancy D
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lynch Robert H $330,000 None Listed On Document
Shar J Craig Williams Pa Profit $289,000 Security First Title Ptnr St
Sanjay Srivastava $130,000 Dodd Title Company Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2023 07/17/23 Sold $330,000 0.0% --
06/15/2023 06/15/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $330,000 +30.7% --
04/14/2022 04/14/22 Sold $252,500 -1.0% --
03/13/2022 03/13/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $255,000 -- --
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 $2,680 $285,000 $285,000 --
2023 $2,057 $210,000 $210,000 $0
2021 $1,390 $132,600 $132,600 $0
2020 $1,328 $117,300 $117,300 $0
2019 $1,364 $117,300 $117,300 $0
2018 $1,822 $147,900 $0 $0
2017 $1,814 $147,900 $0 $0
2016 $1,945 $160,000 $0 $0
2015 $1,954 $160,000 $0 $0
2014 $1,974 $160,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 314742

Forgotten Coast REALTOR® Association

APN: 19-08S-06W-6700-000B-0270