$420,000
SOLD DEC 15, 2020

507 Magnolia Place Miramar Beach, FL 32550

4 Beds
3 Baths
1,615 Sq Ft
$708/mo HOA Fee

Recently Sold

$260 Per Sq Ft

9 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Gated Community
  • Van R. Butler Elementary School Rated A-
  • Deeded access to the beach
  • Wood Flooring

About This Home

As of March 2021

Under contract with 72 hour kick out clause. Conveniently located near the main entrance of the resort, this renovated 4 bedroom stand-alone condo is a short golf cart ride to the beach tunnel, marina, tennis center, Grand Blvd, and Baytowne Wharf. Renovated with a fresh palette and designed with an abundance of windows to maximize natural light. This golf-view home has all the benefits of condo living with the privacy of a free-standing home. Designated parking spaces in front of the home make life easy for parking a car and a golf cart. A spacious storage closet outside provides space for golf clubs, beach chairs, and more! Association dues cover landscaping, exterior insurance and maintenance, gated security, 2 resort pools, basic cable TV, and daily trash collection, so owners can relax and enjoy the enviable resort lifestyle.

Sandestin Golf and Beach Resort amenities are unrivaled. Activities range from tennis, golf and basketball courts to a putt putt course and marina. The Village of Baytowne Wharf and Grand Boulevard at Sandestin offer wonderful shopping, restaurants, and exciting entertainment year-round. The spectacular white sand beaches and emerald green waters of the Gulf of Mexico are a very short golf cart or tram ride away. 2020 Assessment fees are $580/month to the Magnolia Village Owners Association and $383.93/Qtr to the Sandestin Owners Association for a combined monthly total of $707.98. Buyer to verify all dimensions, assessments, and information.

Last Agent to Sell the Property

Jessica Jones

Scenic Sotheby's International Realty Brokerage Email: jessica@scenicsir.com License #3040780 Listed on: 10/29/2020

Scenic Sotheby's International Realty

Last Buyer's Agent

Amy Berry

The Agency Northwest Florida Beaches License #3113166

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,238

Year Built

  • Built in 1976 | Remodeled

HOA Fees

  • $708 Monthly HOA Fees

Home Design

  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,615 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Plantation Shutters
  • Family Room
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded access to the beach
  • Balcony
  • Open Patio
  • Porch

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 27-2S-21-42040-000-5070

Community Details

Overview

  • Association fees include ground keeping, insurance, master, cable TV, trash
  • Magnolia Village Condo Subdivision

Recreation

  • Marina
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,238

Year Built

Built in 1976 | Remodeled

Lot Details

0

HOA Fees

$708 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: MAGNOLIA VILLAGE CONDO
  • Directions: Turn North from Hwy 98 into Sandestin Golf and Beach Resort. Go around the round about and go left to Sandestin Blvd W. Magnolia Place is on your left.
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1976
  • Attribution Contact: jessica@scenicsir.com
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Dining Area: Yes
  • Rooms:Family Room: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Interior Amenities: Breakfast Bar, Floor Hardwood, Floor Tile, Floor WW Carpet, Furnished - None, Plantation Shutters, Renovated, Washer/Dryer Hookup, Window Treatment All
  • Stories: 2
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Plantation Shutters: Yes

Exterior Features

  • Pool Features: Pool Type
  • Construction Type: Frame, Roof Shingle/Shake, Vinyl Siding
  • Exterior Features: Balcony, Patio Open, Porch
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • Exterior:Porch: Yes
  • Exterior:Balcony: Yes
  • Exterior:Patio Open: Yes
  • ConstructionSiding:Frame: Yes
  • ConstructionSiding:Roof ShingleShake: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Dumpster, Gated Community, Golf, Marina, Pets Allowed, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 707.98
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Insurance, Master Association, Cable TV, Trash

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 27-2S-21-42040-000-5070
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 2238.23
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
Mar 5, 2021
Sold by
Real Job Properties Llc
Bought by
Federer Billie J
Seller's Agent
Amy Berry
The Agency Northwest Florida Beaches
Buyer's Agent
Abbott Martin Group
EXP Realty LLC
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
$680,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,197
Avg. Annual Appreciation
5.38%
Original Mortgage
$428,000
Outstanding Balance
$383,672
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$296,525

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 15, 2020
Sold by
Hwlc Inc
Bought by
Real Job Properties Llc
Seller's Agent
Jessica Jones
Scenic Sotheby's International Realty
Buyer's Agent
Amy Berry
The Agency Northwest Florida Beaches
List Price
$420,000
Sold Price
$420,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
200.43%
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 Type Sale Price Title Company
Warranty Deed $535,000 Setco Services Llc
Warranty Deed $420,000 Customers First Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $428,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2021 03/05/21 Sold $535,000 0.0% $331 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $535,000 +27.4% $331 / Sq Ft
12/15/2020 12/15/20 Sold $420,000 0.0% $260 / Sq Ft
11/07/2020 11/07/20 Pending -- -- --
10/29/2020 10/29/20 For Sale $420,000 -- $260 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $4,237 $466,331 -- $466,331
2023 $4,237 $466,331 $0 $466,331
2022 $3,929 $423,938 $0 $423,938
2021 $2,892 $298,775 $0 $298,775
2020 $2,331 $233,561 $0 $233,561
2019 $2,274 $228,975 $0 $228,975
2018 $2,238 $224,485 $0 $0
2017 $2,160 $217,944 $0 $217,944
2016 $2,308 $230,622 $0 $0
2015 $2,288 $230,622 $0 $0
2014 $2,165 $219,640 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 858231

Emerald Coast Association of REALTORS®

APN: 27-2S-21-42040-000-5070