3208 Magnolia Islands Blvd Panama City, FL 32408
Upper Grand Lagoon NeighborhoodEstimated payment $7,082/month
Total Views
3,201
4
Beds
4
Baths
4,322
Sq Ft
$255
Price per Sq Ft
Highlights
- In Ground Pool
- Contemporary Architecture
- Main Floor Primary Bedroom
- Patronis Elementary School Rated A-
- Wood Flooring
- Loft
About This Home
MAJOR PRICE REDUCTION! In ADDITION to this the Seller is offering a 3-2-1 RATE BUYDOWN! That equates to another $40,000 discount to the Buyer. If you prefer you can use the credit towards your closing costs. Stunning 4BR/4BA Home in Exclusive Gated Community with a Pool! Tucked away on a peaceful cul-de-sac in a prestigious gated community, this beautiful home offers the perfect blend of privacy, luxury, and functionality. Nestled on an oversized lot with mature trees, the serene backyard is your own private oasis—complete with a sparkling pool, paver patio, and a covered area ideal for shaded outdoor entertaining. Step through the impressive mahogany front door into a grand foyer with soaring 20-foot ceilings. The open-concept great room is filled with natural light and features a built-in wet bar with wine and beer fridgeperfect for hosting guests. Elegant trim work, crown moulding, and a coffered ceiling in the home office add custom character and craftsmanship throughout. The updated kitchen boasts new quartz countertops, a gas cooktop, and generous cabinet space, making it a chef's dream. The master bedroom is on the first floor with en-suite bath and walk-in closet. Upstairs, a spacious loft offers a flexible living or game room space for the whole family. You'll also find three bedrooms and a versatile bonus roomideal as a gym, hobby room, playroom, or extra storage. Additional highlights include a 3-car garage with plenty of space for your vehicles or golf cart, plus lush landscaping that enhances the home's curb appeal and privacy. This property is the total packageluxurious yet comfortable, private yet perfect for entertaining. Don't miss your chance to make it yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,116
Year Built
- Built in 2008
Lot Details
- 0.4 Acre Lot
- Cul-De-Sac
- Privacy Fence
- Sprinkler System
HOA Fees
- $152 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Contemporary Architecture
- Dimensional Roof
- Stone Siding
- Stucco
Interior Spaces
- 4,322 Sq Ft Home
- 2-Story Property
- Wet Bar
- Crown Molding
- Coffered Ceiling
- Tray Ceiling
- Ceiling Fan
- Great Room
- Dining Room
- Home Office
- Loft
- Bonus Room
- Fire and Smoke Detector
- Exterior Washer Dryer Hookup
Kitchen
- Breakfast Bar
- Walk-In Pantry
- Self-Cleaning Oven
- Cooktop
- Microwave
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- 4 Full Bathrooms
- Separate Shower in Primary Bathroom
- Garden Bath
Outdoor Features
- In Ground Pool
- Covered patio or porch
Schools
- Patronis Elementary School
- Surfside Middle School
- Arnold High School
Utilities
- Multiple cooling system units
Community Details
- Association fees include management, master
- Preserve On The Bay Subdivision
- The community has rules related to covenants
Listing and Financial Details
- Assessor Parcel Number 31365-789-000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $10,116 | $839,905 | $131,000 | $708,905 |
| 2023 | $10,116 | $844,975 | $131,000 | $713,975 |
| 2022 | $6,389 | $586,994 | $0 | $0 |
| 2021 | $6,421 | $569,897 | $0 | $0 |
| 2020 | $6,418 | $562,029 | $68,213 | $493,816 |
| 2019 | $6,554 | $566,645 | $72,250 | $494,395 |
| 2018 | $7,472 | $593,741 | $0 | $0 |
| 2017 | $7,515 | $593,125 | $0 | $0 |
| 2016 | $7,157 | $554,375 | $0 | $0 |
| 2015 | $7,440 | $560,693 | $0 | $0 |
| 2014 | $7,487 | $564,996 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $1,100,000 | -4.3% | $255 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $1,150,000 | -4.2% | $266 / Sq Ft |
| 05/14/2025 05/14/25 | Price Changed | $1,199,999 | -4.0% | $278 / Sq Ft |
| 04/08/2025 04/08/25 | For Sale | $1,250,000 | +26.4% | $289 / Sq Ft |
| 08/01/2022 08/01/22 | Off Market | $989,000 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $700,000 | -- | -- |
| 06/20/2022 06/20/22 | Off Market | $700,000 | -- | -- |
| 05/02/2022 05/02/22 | Sold | $989,000 | -1.0% | $229 / Sq Ft |
| 02/16/2022 02/16/22 | Pending | -- | -- | -- |
| 10/04/2021 10/04/21 | For Sale | $999,000 | +42.7% | $231 / Sq Ft |
| 12/27/2017 12/27/17 | Sold | $700,000 | -6.7% | $162 / Sq Ft |
| 11/01/2017 11/01/17 | Pending | -- | -- | -- |
| 10/16/2017 10/16/17 | For Sale | $750,000 | +7.1% | $174 / Sq Ft |
| 07/11/2016 07/11/16 | Sold | $700,000 | 0.0% | $162 / Sq Ft |
| 03/13/2016 03/13/16 | Pending | -- | -- | -- |
| 03/10/2016 03/10/16 | For Sale | $700,000 | -- | $162 / Sq Ft |
Source: Emerald Coast Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $989,000 | None Listed On Document | |
| Warranty Deed | $700,000 | Attorney | |
| Warranty Deed | $700,000 | Diamon Title Agency Inc | |
| Corporate Deed | $700,000 | Diamond Title Agency Inc | |
| Warranty Deed | $75,000 | Diamond Title Agency Inc | |
| Warranty Deed | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $700,000 | New Conventional | |
| Previous Owner | $665,000 | New Conventional | |
| Previous Owner | $680,000 | Unknown | |
| Previous Owner | $66,600 | No Value Available |
Source: Public Records
Similar Homes in Panama City, FL
Source: Emerald Coast Association of REALTORS®
MLS Number: 977404
APN: 31365-789-000
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