NOT LISTED FOR SALE

8618 Magnolia Bay Ln Unit 8618 Miramar Beach, FL 32550

Estimated Value: $786,786 - $870,000

2 Beds
2.5 Baths
1,476 Sq Ft
$556/Sq Ft Est. Value

Last Sold September 03, 2014

Last sale price $375,000 $254 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $5,072/month

184 Days on Market

Highlights

  • Marina
  • Golf Course Community
  • Gated Community
  • Van R. Butler Elementary School Rated A-
  • Fishing
  • 4-minute walk to Playground At The Wharf

About This Home

As of September 2014

Luxury townhome located within the gates of Sandestin Golf and Beach Resort. This home features stone flooring, granite counter tops, a single car garage, and is fully furnished with West Indies decor. Great location nestled along the 8th fairways of the Baytowne golf course offering expansive golf and lake views with a beautiful fountain. A/C unit is 3 years old and both hot water heaters are about 1 year old. As an added bonus, the listing brokerage and seller(s) are offering an incentive to the buyer(s) of this property: The choice of a trial Sandestin Clubs Membership or an Amenities Voucher of your choice. Magnolia Bay is located in the heart of the resort, across from our 98-slip Marina, 6th rated Tennis Center in Florida, Jolee Island and The Village of Baytowne Wharf.

Last Agent to Sell the Property

Karen Phillips

The Agency Northwest Florida Beaches License #557915 Listed on: 02/05/2014

Last Buyer's Agent

Denise Greene

Scenic Sotheby's International Realty License #3255196

Scenic Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,287

Year Built

  • Built in 2000

Lot Details

  • 0.34

HOA Fees

  • $409 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,476 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Window Treatments
  • Living Room
  • Dining Room
  • Lake Views

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Garden Bath

Outdoor Features

  • Covered Patio or Porch

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-21-42630-000-8618

Community Details

Overview

  • Association fees include accounting, ground keeping, legal, licenses/permits, recreational faclty, security, cable TV, trash
  • Magnolia Bay Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room

Recreation

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

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,287

Year Built

Built in 2000

Lot Details

0

HOA Fees

$409 per month

Parking

1

Listing Details

  • Property Sub Type: Attached Single Unit
  • Prop. Type: Residential
  • Subdivision Name: MAGNOLIA BAY
  • Directions: Take Hwy. 98 to Sandestin Golf and Beach Resort. Turn in the north entrance (bay side) and see security guard for further directions.
  • Architectural Style: Townhome
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2000
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: 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
  • Waterview:Lake2: Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Microwave, Oven Self Cleaning, Range Hood, Refrigerator W/IceMk, Stove/Oven Electric
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Furnished - All, Window Treatment All
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Mstr BdrmMstr Bath:MBath Garden Tub: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Interior:Furnished - All: Yes
  • Interior:Window Treatment All: Yes

Exterior Features

  • View: Lake
  • Construction Type: Frame, Roof Shingle/Shake, Wood Siding
  • Exterior Features: Patio Covered
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Patio Covered: Yes
  • ConstructionSiding:Roof ShingleShake: Yes
  • ConstructionSiding:Siding Wood: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: 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, Exercise Room, Fishing, Gated Community, Golf, Marina, Picnic Area, Playground, Pool, Tennis, TV Cable
  • Association #2 Fee: 409.33
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Legal, Licenses/Permits, Recreational Faclty, 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-21-42630-000-8618
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2014
Closed on
Sep 3, 2014
Sold by
Mckinney William Marl and Mckinney Pamela A
Bought by
Lanko Joseph T and Lauke Ellen B
Seller's Agent
Karen Phillips
The Agency Northwest Florida Beaches
Buyer's Agent
Denise Greene
Scenic Sotheby's International Realty
List Price
$375,000
Sold Price
$375,000
Current Estimated Value
$821,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,197
Avg. Annual Appreciation
7.28%
Original Mortgage
$300,000
Outstanding Balance
$230,178
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$591,019

Purchase Details

Closed on
Oct 4, 2011
Sold by
Mccalla Harry Carson and Mccalla Teri Lee
Bought by
Mckinney William Marl and Mckinney Pamela A

Purchase Details

Closed on
Mar 11, 2011
Sold by
Hofmann Steven R and Hofmann Charlene A
Bought by
Mccalla Harry Carson and Mccalla Teri Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 27, 2003
Sold by
Little Herbert R and Little Paula L
Bought by
Hofmann Steven R and Hofmann Charlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2000
Sold by
Intrawest Sandestin Company Llc
Bought by
Little Herbert R and Little Paula L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,900
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage
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
Lanko Joseph T $375,000 Customers First Title Co
Mckinney William Marl $313,000 Customers First Title Co
Mccalla Harry Carson $260,000 H & S Title And Escrow Inc
Hofmann Steven R $435,000 Dba Advance Title
Little Herbert R $288,000 Advance Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanko Joseph T $300,000
Previous Owner Mccalla Harry Carson $208,000
Previous Owner Hofmann Steven R $348,000
Previous Owner Little Herbert R $251,900
Closed Hofmann Steven R $43,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2014 09/03/14 Sold $375,000 0.0% $254 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $375,000 -- $254 / 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 $4,287 $740,854 $100,000 $640,854
2023 $4,287 $392,911 $0 $0
2022 $3,885 $488,187 $0 $488,187
2021 $3,143 $324,720 $0 $324,720
2020 $3,088 $309,370 $0 $309,370
2019 $3,012 $303,303 $0 $303,303
2018 $2,936 $294,462 $0 $0
2017 $2,918 $294,462 $0 $294,462
2016 $2,806 $280,440 $0 $0
2015 $2,851 $280,440 $0 $0
2014 $2,891 $280,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Phillips

    Seller's Agent in 2014

    Karen Phillips

    The Agency Northwest Florida Beaches

    (850) 598-6440

    141 in this area

    152 Total Sales

    Karen Phillips
    Section Image
  • Denise Greene

    Buyer's Agent in 2014

    Denise Greene

    Scenic Sotheby's International Realty

    (850) 502-7927

    41 in this area

    58 Total Sales

    Denise Greene
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 587626

Emerald Coast Association of REALTORS®

APN: 26-2S-21-42630-000-8618

Florida Walton County Miramar Beach 32550

8618 Magnolia Bay Ln Unit 8618, Miramar Beach, FL

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