NOT LISTED FOR SALE

8614 Magnolia Bay Ln Miramar Beach, FL 32550

Miramar Beach Neighborhood

Estimated Value: $896,000 - $994,000

3 Beds
3.5 Baths
1,977 Sq Ft
$478/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $765,000 $387 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,049/month

7 Days on Market

Highlights

  • Marina
  • Lake Front
  • Golf Course Community
  • Van R. Butler Elementary School Rated A-
  • Boat Dock
  • Fishing

About This Home

As of August 2021

Golf cart included! Never before on the rental market, this fully furnished fabulous investment opportunity offers a master bed and bath on the first floor as well as the 2nd floor. The screened in back porch overlooking the lake creates a peaceful haven to relax with a cup of coffee or a glass of wine while dinner is cooking on the grill. Rustic comfort and quality are found in the neutral stone tile kitchen and bathroom countertops, stainless steel appliances, and elegant terrazo flooring throughout the living area, kitchen and bathrooms. Conveniently located near the community pool or just a quick jaunt by golf cart to the beach, the marina, to play tennis or golf, or visit Baytowne for shopping eating and outdoor concerts. Please see additional remarks for a list of updates All units received new roofs last year
New mattresses/linens on beds
New condenser in upper A/C unit in 2018
New condenser in lower A/C unit in 2020
Brand new 6 passenger golf cart in 2016. All 9 batteries replaced Spring of 2021

Last Agent to Sell the Property

Clayton Bonjean

Mainsail Realty Company License #671253 Listed on: 07/16/2021

Last Buyer's Agent

Gary Bowman

The Agency Northwest Florida Beaches License #3083549

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,385

Year Built

  • Built in 2001

Lot Details

  • Lake Front
  • Sprinkler System

HOA Fees

  • $442 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Home Design

  • Contemporary Architecture
  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,977 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Dining Room
  • Screened Porch
  • Terrazzo Flooring
  • Lake Views

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-2S-21-42630-000-8614

Community Details

Overview

  • Association fees include accounting, ground keeping, land recreation, security, cable TV, trash
  • Magnolia Bay Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

  • Boat Dock
  • Marina
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,385

Year Built

Built in 2001

Lot Details

0

HOA Fees

$442 per month

Parking

1

Listing Details

  • Property Sub Type: Attached Single Unit
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Subdivision Name: MAGNOLIA BAY
  • Directions: From Hwy 98, turn north into Sandestin Beach and Golf Resort, go through the guard gate and take first exit on roundabout onto Heron Walk Dr., go .5 mile and take 2nd exit off this roundabout, go .5 mile and turn right onto Turnberry Ct, go 600 ft and turn left onto Magnolia Bay Ln, go 250 ft, the property is on your right.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2001
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Ceiling Vaulted, Floor Terrazo, Furnished - All, Lighting Recessed, Window Treatment All
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Mstr BdrmMstr Bath:MBath Separate Shwr: Yes
  • Interior:Breakfast Bar: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Ceiling Vaulted: Yes
  • Interior:Floor Terrazo: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Frame, Roof Shingle/Shake, Wood Siding
  • Exterior Features: Porch Screened, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Frame: Yes
  • ConstructionSiding:Roof ShingleShake: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Siding Wood: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Rooms:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Dock, Exercise Room, Fishing, Gated Community, Golf, Marina, Picnic Area, Playground, Pool, Tennis, TV Cable
  • Association #2 Fee: 441.98
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Security, Cable TV, Trash

Schools

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

Lot Info

  • Parcel #: 26-2S-21-42630-000-8614
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3385.36
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Aug 11, 2021
Sold by
Magistad Nicholas J and Magistad Shannon T
Bought by
Polston Tony H and Polston Larue C
Seller's Agent
Clayton Bonjean
Mainsail Realty Company
Buyer's Agent
Gary Bowman
The Agency Northwest Florida Beaches
List Price
$765,000
Sold Price
$765,000
Current Estimated Value
$945,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,449
Avg. Annual Appreciation
5.40%

Purchase Details

Listed on
Jul 30, 2015
Closed on
May 10, 2016
Sold by
Woodley Steven E and Woodley Tammy C
Bought by
Magistad Nicholas J and Magistad Shannon T
Seller's Agent
Deborah Speigner
Paradise Property Brokers Inc
Buyer's Agent
Clayton Bonjean
Mainsail Realty & Development
List Price
$475,000
Sold Price
$475,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
Original Mortgage
$350,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 4, 2012
Closed on
May 31, 2012
Sold by
Dodd Ronald T and Dodd Felicia D
Bought by
Woodley Steven E and Woodley Tammy C
Seller's Agent
Karen Hartley Fillingim
Scenic Sotheby's International Realty
Buyer's Agent
Deborah Speigner
Paradise Property Brokers Inc
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.38%
Source: Public Records

Range of Values:

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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
Polston Tony H $765,000 Rodgers Kiefer Title
Magistad Nicholas J $475,000 Burke Law & Title Llc
Woodley Steven E $450,000 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magistad Nicholas J $350,000
Previous Owner Dodd Ronald T $292,718
Previous Owner Dodd Ronald T $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2021 08/11/21 Sold $765,000 0.0% $387 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $765,000 +70.0% $387 / Sq Ft
06/23/2019 06/23/19 Off Market $450,000 -- --
05/10/2016 05/10/16 Sold $475,000 0.0% $240 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
07/30/2015 07/30/15 For Sale $475,000 +5.6% $240 / Sq Ft
05/31/2012 05/31/12 Sold $450,000 0.0% $228 / Sq Ft
04/21/2012 04/21/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $450,000 -- $228 / 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 $5,463 $925,321 $100,000 $825,321
2023 $5,463 $588,669 $0 $0
2022 $4,959 $535,154 $0 $535,154
2021 $3,446 $355,960 $0 $355,960
2020 $3,385 $339,133 $0 $339,133
2019 $3,302 $332,483 $0 $332,483
2018 $3,219 $322,791 $0 $0
2017 $3,199 $322,791 $0 $322,791
2016 $3,076 $307,420 $0 $0
2015 $3,125 $307,420 $0 $0
2014 $3,169 $307,420 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Clayton Bonjean

    Seller's Agent in 2021

    Clayton Bonjean

    Mainsail Realty Company

    (850) 585-1284

    42 in this area

    137 Total Sales

    Clayton Bonjean
    Section Image
  • Gary Bowman

    Buyer's Agent in 2021

    Gary Bowman

    The Agency Northwest Florida Beaches

    (850) 217-8382

    112 in this area

    128 Total Sales

    Gary Bowman
    Section Image
  • Deborah Speigner

    Seller's Agent in 2016

    Deborah Speigner

    Paradise Property Brokers Inc

    (850) 424-3100

    40 in this area

    44 Total Sales

    Deborah Speigner
    Section Image

  • -

    Buyer's Agent in 2016

    - Ecn.rets.e3961

    ecn.rets.RETS_OFFICE

  • K

    Seller's Agent in 2012

    Karen Hartley Fillingim

    Scenic Sotheby's International Realty

    (850) 974-6494

    61 in this area

    84 Total Sales

    Karen Hartley Fillingim
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 877036

Emerald Coast Association of REALTORS®

APN: 26-2S-21-42630-000-8614

Florida Walton County Miramar Beach 32550 Miramar Beach

8614 Magnolia Bay Ln, Miramar Beach, FL

This home is located at 8614 Magnolia Bay Ln, Miramar Beach, FL 32550 since 16 July 2021 and is currently estimated at $945,449, approximately $478 per square foot. This property was built in 2001. 8614 Magnolia Bay Ln is a home located in Walton County with nearby schools including Van R. Butler Elementary School, Emerald Coast Middle School, and South Walton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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